As of July 01, 2026, the average salary for a P/C Underwriting Manager in the United States is $127,600 per year, which breaks down to an hourly rate of $61.
However, a P/C Underwriting Manager's salary can vary significantly. Here’s a look at the typical salary range:
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A P/C Underwriting Manager'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.
Experience is a primary driver of a P/C Underwriting Manager'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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Property Casualty Insurance Underwriter IV | 7+ years | $108,297 |
| P/C Underwriting Supervisor | 7+ years | $115,245 |
| P/C Underwriting Manager | 7+ years | $127,525 |
| P/C Underwriting Director | 7+ years | $222,634 |
| Vice President of Property Casualty Underwriting | 7+ years | $262,869 |
What Am I Worth?
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 P/C Underwriting Managers. For example, consider the average annual salaries in these key locations:
P/C Underwriting Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $138,200. While startup companies pay approximate $117,028.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $117,028 |
| Growth Stage | 51~500 | $123,744 |
| Established | 501~5000 | $133,498 |
| Enterprise | 5000+ | $138,200 |
For P/C Underwriting Manager roles, the industry you choose can affect earning potential by as much as 85% (the gap between the highest and lowest paying industries). Data shows that the Insurance and Financial Services sectors offer the strongest compensation, at 35% above the average. In contrast, P/C Underwriting Manager positions in Retail & Wholesale or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view P/C Underwriting Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $172,260 | $83.0 | 35% |
| Financial Services | $159,500 | $77.0 | 25% |
| Healthcare | $140,360 | $67.0 | 10% |
Your level of education can impact your salary potential. While many P/C Underwriting Managers enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a P/C Underwriting Manager with a Bachelor's Degree is between $128,218 and $135,796).
P/C Underwriting Manager Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 21.4% |
| High School | 21.4% |
| Associates | 7.1% |
| Bachelors | 57.1% |
| Masters | 14.3% |
| Doctorate | 0.0% |
Understanding how a P/C Underwriting Manager'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 July 01, 2026Promotions are the fastest way to increase your earnings. As a P/C Underwriting Manager, 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 |
|---|---|---|
| Life Insurance Underwriting Director | $163,400 | 28% |
| Health Insurance Underwriting Director | $163,400 | 28% |
| P/C Underwriting Director | $222,700 | 75% |
| Underwriting Operations Senior Manager | $163,100 | 28% |
Salaries for a P/C Underwriting Manager can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $119,242 in 2023 to around $116,486 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of P/C Underwriting Manager salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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| 2023 | $119,242 |
| 2024 | $118,085 |
| 2025 | $116,486 |
| 2026 |
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| 2027 |
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The Insurance industry offers the highest average compensation for P/C Underwriting Manager roles, with salaries approximately 35% above the market median.
In the US, the salary for a P/C Underwriting Manager ranges from $121,300 to $148,400, with a midpoint average of $135,600. This reflects the competitive compensation in the industry, highlighting the importance of experience and expertise in underwriting roles.
A co-manager is an underwriter in a stock offering, but not part of the Lead Manager. They focus on a specific niche of investors during the IPO process and conduct additional research on the company's stocks. In terms of compensation, P/C Underwriting Managers typically earn between $121,300 and $148,400, with a mid-salary of $135,600.
State Farm Underwriters typically earn between $121,300 and $148,400 annually, with a mid-salary of $135,600. This range reflects the competitive compensation for P/C Underwriting Managers, indicating a strong earning potential in this role compared to the average salaries reported in various states.
The estimated total pay range for a P/C Underwriting Manager is between $121,300 and $148,400 per year, with a mid-salary of $135,600. This figure reflects the base salary and does not include additional compensation.
Underwriting can be challenging due to tight deadlines and the need for meticulous attention to detail. However, it generally offers a standard 40-hour workweek, with potential overtime based on project demands. The role of a P/C Underwriting Manager comes with a competitive salary range, with a minimum of $121,300, a midpoint of $135,600, and a maximum of $148,400.
High-paying insurance underwriter positions include Chief Underwriter, with salaries ranging from $132,500 to $257,000 annually, and Underwriting Director, earning between $100,000 and $168,500. An Underwriting Manager typically earns between $121,300 and $148,400, while other roles like Property and Casualty Underwriters also offer competitive salaries.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
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