Insurance Underwriter Salary in Sector of Finance and Insurance

The salary statistics of insurance underwriters in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare insurance underwriter salaries in different industries within the finance and insurance sector.

Average Annual Salary of Insurance Underwriters

Percentile BracketAverage Annual Salary
10th Percentile Wage
$42,000
25th Percentile Wage
$53,220
50th Percentile Wage
$70,190
75th Percentile Wage
$94,700
90th Percentile Wage
$124,310

Table 1 shows the average annual salary for insurance underwriters in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) insurance underwriters is $124,310. The median annual salary (50th percentile) is $70,190. The average annual salary for the bottom 10 percent paid insurance underwriters is $42,000.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of insurance underwriters in the industry sector of finance and insurance from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$70,190
3.16% 10.23%
2016
$67,970
4.08% -
2015
$65,200
1.33% -
2014
$64,330
0.50% -
2013
$64,010
1.56% -
2012
$63,010
- -

Compare Insurance Underwriter Salary in Different Industries within the Finance and Insurance Sector

The average salaries of insurance underwriters in 18 industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for insurance underwriter occupations is the securities, commodity contracts, and other financial investments and related activities industry with an annual salary $83,800. The lowest paying industry is the insurance and employee benefit funds industry (annual salary $60,430). For detailed insurance underwriter salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$83,800
Securities and Commodity Contracts Intermediation and Brokerage
$82,470
Other Nondepository Credit Intermediation
$80,130
Nondepository Credit Intermediation
$79,280
Other Financial Investment Activities
$78,450
Credit Intermediation and Related Activities
$75,520
Direct Health and Medical Insurance Carriers
$71,940
Credit Intermediation and Related Activities
$71,090
Insurance Carriers
$70,310
Insurance Carriers and Related Activities
$69,680
Activities Related to Credit Intermediation
$69,620
Direct Insurance (except Life, Health, and Medical) Carriers
$69,530
Depository Credit Intermediation
$69,150
Insurance Agencies and Brokerages
$68,730
Agencies, Brokerages, and Other Insurance Related Activities
$68,420
Other Insurance Related Activities
$67,750
Funds, Trusts, and Other Financial Vehicles
$60,430
Insurance and Employee Benefit Funds
$60,430

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2017 and published in April 2018 [1].




Related:

Highest paying cities for insurance underwriters

Highest paying industries for insurance underwriters.