As of March 01, 2025, the average annual salary for a Chief Underwriting Officer in the United States is $315,164. Salary.com reports that pay typically ranges from $260,744 to $372,257, with most professionals earning between $211,198 and $424,237.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $372,257 | $31,021 | $7,159 | $179 |
| Average | $315,164 | $26,264 | $6,061 | $152 |
| 25th Percentile | $260,744 | $21,729 | $5,014 | $125 |
An entry-level Chief Underwriting Officer with less than 1 year of experience earns about $278,608. With 1-2 years of experience, the average salary increases to $283,427. For 2-4 years of experience, the pay typically rises to $289,851. Senior-level professionals with 5-8 years of experience earn around $299,489, and those with over 8 years of experience can expect an average of $311,535.
| Levels | Salary |
|---|---|
| Entry Level Chief Underwriting Officer | $278,608 |
| Intermediate Level Chief Underwriting Officer | $283,427 |
| Senior Level Chief Underwriting Officer | $289,851 |
| Specialist Level Chief Underwriting Officer | $299,489 |
| Expert Level Chief Underwriting Officer | $311,535 |
| Entry Level | 12% |
| Mid Level | 10% |
| Senior Level | 8% |
| Top Level | 5% |
| Experienced | 1% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Chief Underwriting Officer compensation over the past six years. For example, the median salary increased from $255,345 in 2023 to approximately $249,986 in 2024. (For a detailed analysis of Chief Underwriting Officer salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Chief Underwriting Officer information for you to search for. Click on search button below to see Chief Underwriting Officer job openings or enter a new job title here.
Here are companies hiring for Chief Underwriting Officer and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $315,164 | 60.7% | ||
| Bonus | $101,244 | 19.5% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $16,491 | 3.2% | ||
| 401K/403B | $11,750 | 2.3% | ||
| Disability | $3,331 | 0.6% | ||
| Healthcare | $6,056 | 1.2% | ||
| Pension | $13,750 | 2.6% | ||
| Time Off | $51,250 | 9.9% | ||
| Total Compensation | $519,036 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 2.4% |
| High School | 8.5% |
| Associates | 3.7% |
| Bachelors | 51.2% |
| Masters | 24.4% |
| Doctorate | 9.8% |
What Am I Worth?
The average annual salary of Chief Underwriting Officer is $315,164. In case you are finding an easy salary calculator, the average hourly pay of Chief Underwriting Officer is $152; the average weekly pay of Chief Underwriting Officer is $6,061; the average monthly pay of Chief Underwriting Officer is $26,264.
A Chief Underwriting Officer'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, a Chief Underwriting Officer earns the most in San Jose, CA, where the annual salary of a Chief Underwriting Officer is $395,531.
The highest pay for Chief Underwriting Officer is $424,237.
The lowest pay for Chief Underwriting Officer is $211,198.
Chief Underwriting Officer leads and directs the overall underwriting strategy, operations, and policy development across product lines. Ensures profitability, growth, and efficiencies that align with the organization's goals and objectives. Being a Chief Underwriting Officer establishes financial control guidelines, tools, administrative standards, and best practices. Researches competitors and market conditions to develop and maintain risk selection criteria and methods that support sound risk management. Additionally, Chief Underwriting Officer requires a bachelor's degree. Typically requires Chartered Life Underwriter (CLU). Typically requires Chartered Property Casualty Underwriter (CPCU). Typically reports to Chief Executive Officer (CEO). C-Suite level management. Develops functional or business unit strategy for an organization. Executes multiple high impact initiatives to achieve organizational goals. Defines vision, strategy, and focus for a major functional or business unit. Substantial experience with setting key metrics like KPIs or OKRs and shaping plans to meet objectives. To be a Chief Underwriting Officer typically requires progressive leadership experience in senior management roles. Has expert level knowledge of the overall departmental function. Demonstrated experience in developing and executing long term business strategies.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
Data Mining: Data mining is the process of discovering patterns in large data sets involving methods at the intersection of machine learning, statistics, and database systems. Data mining is an interdisciplinary subfield of computer science and statistics with an overall goal to extract information (with intelligent methods) from a data set and transform the information into a comprehensible structure for further use. Data mining is the analysis step of the "knowledge discovery in databases" process, or KDD. Aside from the raw analysis step, it also involves database and data management aspects, data pre-processing, model and inference considerations, interestingness metrics, complexity considerations, post-processing of discovered structures, visualization, and online updating. The difference between data analysis and data mining is that data analysis is used to test models and hypotheses on the dataset, e.g., analyzing the effectiveness of a marketing campaign, regardless of the amount of data; in contrast, data mining uses machine-learning and statistical models to uncover clandestine or hidden patterns in a large volume of data.
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.
