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Underwriter II - P&C Salary in the United States

How much does an Underwriter II - P&C make in the United States?

As of August 01, 2026, the average salary for an Underwriter II - P&C in the United States is $71,303 per year, which breaks down to an hourly rate of $34.

However, an Underwriter II - P&C's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $79,751
  • Majority Range (25th-75th percentile): $65,217 to $75,725
  • Entry-Level (10th percentile): $59,676
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Underwriter II - P&C Salaries

An Underwriter II - P&C's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Experience Level Affects Underwriter II - P&C Salaries?

Experience is a primary driver of an Underwriter II - P&C's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Underwriter (P/C) I (0-2 years): $60,517
  • Underwriter II - P&C (2-4 years): $71,303
  • Underwriter (P/C) III (4-7 years): $92,694
  • Underwriter (P/C) IV (7+ years): $108,295
  • Property Casualty Underwriting Supervisor (7+ years): $115,263
Job Role Years of Experience Average Salary
Underwriter (P/C) I0-2 years$60,517
Underwriter II - P&C2-4 years$71,303
Underwriter (P/C) III4-7 years$92,694
Underwriter (P/C) IV7+ years$108,295
Property Casualty Underwriting Supervisor7+ years$115,263
View as Graph

How Do Underwriter II - P&Cs Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Underwriter II - P&Cs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $78,947.
  • California: $78,647.
  • Massachusetts: $77,599.

Top Paying Cities for Underwriter II - P&C

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $89,934
  • San Francisco: $88,950
  • Oakland: $87,075

What Skills Can Increase an Underwriter II - P&C's Salary?

Demanded Skills for the Role:

  • Analysis (Mentioned in 6.72% Job Postings): Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  • Knowledge of Underwriting (Mentioned in 1.44% Job Postings): Underwriting simply means that your lender verifies your income, assets, debt and property details in order to issue final approval for your loan.
  • Financial Analysis (Mentioned in 1.07% Job Postings): Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions to earn income in future. These statements include the income statement, balance sheet, statement of cash flows, notes to accounts and a statement of changes in equity (if applicable). Financial statement analysis is a method or process involving specific techniques for evaluating risks, performance, financial health, and future prospects of an organization. It is used by a variety of stakeholders, such as credit and equity investors, the government, the public, and decision-makers within the organization. These stakeholders have different interests and apply a variety of different techniques to meet their needs. For example, equity investors are interested in the long-term earnings power of the organization and perhaps the sustainability and growth of dividend payments. Creditors want to ensure the interest and principal is paid on the organizations debt securities (e.g., bonds) when due.
Skills Demand Percentage
Analysis 6.72%
Knowledge of Underwriting 1.44%
Financial Analysis 1.07%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on an Underwriter II - P&C's salary.

  • Mortgage Underwriting: Can increase your salary by up to 24%.
  • Brokerage: Can increase your salary by up to 14%.
  • Coaching: Can increase your salary by up to 11%.
Skill Salary Salary % Increase
Mortgage Underwriting $88,416
24%
Brokerage $81,285
14%
Coaching $79,146
11%
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Underwriter II - P&C Salary by Company Size: Startups vs. Enterprise

Underwriter II - P&C salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $77,147. While startup companies pay approximate $65,369.

Underwriter II - P&C Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $65,369
Growth Stage 51~500 $69,113
Established 501~5000 $74,521
Enterprise 5000+ $77,147

Underwriter II - P&C Salary by Industry: Top Paying Sectors

For Underwriter II - P&C roles, the industry you choose can affect earning potential by as much as 60% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Insurance sectors offer the strongest compensation, at 30% above the average. In contrast, Underwriter II - P&C positions in Edu., Gov't. & Nonprofit or Retail & Wholesale typically offer lower base pay, as these industries often view Underwriter II - P&C as a support function rather than a direct revenue driver.

The top paying industries for an Underwriter II - P&C

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$92,694$45.030%
Insurance$85,564$41.020%
Healthcare$78,433$38.010%

How Education impacts an Underwriter II - P&C's Salary?

Your level of education can impact your salary potential. While many Underwriter II - P&C enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Underwriter II - P&C with a Bachelor's Degree is between $70,097 and $74,944.

Underwriter II - P&C Salaries by Degree Level

Typical Education for Underwriter II - P&C
Degree Level % of user with this level of education
No Diploma 1.1%
High School 9.2%
Associates 6.6%
Bachelors 70.1%
Masters 12.5%
Doctorate 0.4%
View as Graph

Underwriter II - P&C Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Underwriter II - P&C's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on August 01, 2026
$65,217
Average $71,303/year
$75,725
$5,435
Average $5,942/month
$6,310
$1,254
Average $1,371/week
$1,456
$31
Average $34/hour
$36
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $75,725 $6,310 $1,456 $36
Average $71,303 $5,942 $1,371 $34
25th Percentile $65,217 $5,435 $1,254 $31

Underwriter II - P&C Salary Growth & Career Path

Underwriter II - P&C

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As an Underwriter II - P&C, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Next Step Role Estimate Salary Projected Raise
Health Underwriting Senior Cost Analyst $101,588 42%
Underwriter III - Life $92,697 30%
Senior Underwriter - Complex Medical $92,697 30%
Underwriter III - P&C $92,694 30%

Most common benefits for Underwriter II - P&C

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Underwriter II - P&C

Here are companies hiring for Underwriter II - P&C and their salaries, click below for more details.

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FAQ about Underwriter II - P&C

1. Where can an Underwriter II - P&C earn the most?

An Underwriter II - P&C's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Underwriter II - P&C earns the most in San Jose, CA, where the annual salary of an Underwriter II - P&C is $89,934.

2. What is the highest pay for Underwriter II - P&C?

The highest pay for Underwriter II - P&C is $79,751.

3. What is the lowest pay for Underwriter II - P&C?

The lowest pay for Underwriter II - P&C is $59,676.

4. What are the responsibilities of Underwriter II - P&C?

Responsible for reviewing and analyzing property and casualty (P&C) insurance applications. Evaluates and analyzes inspection reports, location, risk, credit reports, and additional information to accept, decline, or renew an application. Utilizes and follows underwriting guidelines, rules, and standards. Determines appropriate premium rates and issues coverage. Provides customer services regarding underwriting processes and decisions. Ensures compliance with all industry and governmental regulations. Requires a bachelor's degree. May require Chartered Property Casualty Underwriter (CPCU). Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience.

5. What industry pays the highest salary for Underwriter II - P&C?

The Financial Services industry offers the highest average compensation for Underwriter II - P&C roles, with salaries approximately 30% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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