The salary of an Underwriter II in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of January 01, 2025, the average annual salary for an Underwriter II in the United States is $74,449. Salary.com reports that pay typically ranges from $66,657 to $85,921, with most professionals earning between $59,564 and $96,366.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $85,921 | $7,160 | $1,652 | $41 |
| Average | $74,449 | $6,204 | $1,432 | $36 |
| 25th Percentile | $66,657 | $5,555 | $1,282 | $32 |
An entry-level Underwriter II with less than 1 year of experience earns about $71,374. With 1-2 years of experience, the average salary increases to $71,605. For 2-4 years of experience, the pay typically rises to $73,914. Senior-level professionals with 5-8 years of experience earn around $78,163, and those with over 8 years of experience can expect an average of $79,863.
| Levels | Salary |
|---|---|
| Entry Level Underwriter II | $71,374 |
| Intermediate Level Underwriter II | $71,605 |
| Senior Level Underwriter II | $73,914 |
| Specialist Level Underwriter II | $78,163 |
| Expert Level Underwriter II | $79,863 |
| Entry Level | 4% |
| Mid Level | 4% |
| Senior Level | 1% |
| Top Level | 5% |
| Experienced | 7% |
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 January 01, 2025, our research reveals a significant shift in Underwriter II compensation over the past six years. For example, the median salary increased from $78,379 in 2023 to approximately $75,848 in 2024. (For a detailed analysis of Underwriter II 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 Underwriter II information for you to search for. Click on search button below to see Underwriter II job openings or enter a new job title here.
Here are companies hiring for Underwriter II and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $74,449 | 68.7% | ||
| Bonus | $3,620 | 3.3% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $5,972 | 5.5% | ||
| 401K/403B | $3,669 | 3.4% | ||
| Disability | $625 | 0.6% | ||
| Healthcare | $6,056 | 5.6% | ||
| Pension | $4,294 | 4.0% | ||
| Time Off | $9,608 | 8.9% | ||
| Total Compensation | $108,292 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 4.8% |
| Associates | 3.2% |
| Bachelors | 72.6% |
| Masters | 19.4% |
What Am I Worth?
The average annual salary of Underwriter II is $74,449. In case you are finding an easy salary calculator, the average hourly pay of Underwriter II is $36; the average weekly pay of Underwriter II is $1,432; the average monthly pay of Underwriter II is $6,204.
An Underwriter II'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 earns the most in San Jose, CA, where the annual salary of an Underwriter II is $93,433.
The highest pay for Underwriter II is $96,366.
The lowest pay for Underwriter II is $59,564.
Underwriter II reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Being an Underwriter II calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter II may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Underwriter II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Underwriter II typically requires 2-4 years of related experience.
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Tax Return: Calculating an entity’s income earned with the amount of tax payable to the government, organizations, or potential taxpayers.
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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.
