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P/C Underwriting Manager Salary in the United States

How much does a P/C Underwriting Manager make in the United States?

As of September 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:

  • Top Earners (90th percentile): $144,985
  • Majority Range (25th-75th percentile): $119,300 to $136,700
  • Entry-Level (10th percentile): $111,743
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence P/C Underwriting Manager Salaries

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.

How Experience Level Affects P/C Underwriting Manager Salaries?

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:

  • Property Casualty Insurance Underwriter IV (7+ years): $108,293
  • P/C Underwriting Supervisor (7+ years): $115,281
  • P/C Underwriting Manager (7+ years): $127,541
  • P/C Underwriting Director (7+ years): $222,750
  • Vice President of Property Casualty Underwriting (7+ years): $262,942
Job Role Years of Experience Average Salary
Property Casualty Insurance Underwriter IV7+ years$108,293
P/C Underwriting Supervisor7+ years$115,281
P/C Underwriting Manager7+ years$127,541
P/C Underwriting Director7+ years$222,750
Vice President of Property Casualty Underwriting7+ years$262,942
View as Graph

How Do P/C Underwriting Manager 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 P/C Underwriting Managers. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $141,300.
  • California: $140,700.
  • Massachusetts: $138,900.

Top Paying Cities for P/C Underwriting Managers

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: $160,900
  • San Francisco: $159,200
  • Oakland: $155,800

P/C Underwriting Manager Salary by Company Size: Startups vs. Enterprise

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 $138,069. While startup companies pay approximate $116,934.

P/C Underwriting Manager Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $116,934
Growth Stage 51~500 $123,651
Established 501~5000 $133,345
Enterprise 5000+ $138,069

P/C Underwriting Manager Salary by Industry: Top Paying Sectors

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.

The top paying industries for a P/C Underwriting Manager

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Insurance$172,260$83.035%
Financial Services$159,500$77.025%
Healthcare$140,360$67.010%

How Education impacts a P/C Underwriting Manager's Salary?

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

Typical Education for P/C Underwriting Manager
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%
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P/C Underwriting Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

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 September 01, 2026
$119,300
Average $127,600/year
$136,700
$9,942
Average $10,633/month
$11,392
$2,294
Average $2,454/week
$2,629
$57
Average $61/hour
$66
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $136,700 $11,392 $2,629 $66
Average $127,600 $10,633 $2,454 $61
25th Percentile $119,300 $9,942 $2,294 $57

P/C Underwriting Manager Salary Growth & Career Path

P/C Underwriting Manager

Next Role

Advancement

Promotions 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 $222,800 75%
Underwriting Operations Senior Manager $163,100 28%

Most common benefits for P/C Underwriting Manager

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

Common company salaries for P/C Underwriting Manager

Here are companies hiring for P/C Underwriting Manager and their salaries, click below for more details.

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FAQ about P/C Underwriting Manager

1. What industry pays the highest salary for P/C Underwriting Manager?

The Insurance industry offers the highest average compensation for P/C Underwriting Manager roles, with salaries approximately 35% above the market median.

2. How much do underwriters make in the US?

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.

3. Is a co manager an underwriter?

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.

4. How much do state farm underwriters make?

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.

5. How much do American Income underwriters make?

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.

6. Is underwriting a tough job?

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.

7. What are the highest paid underwriters?

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.

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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