As of March 01, 2026, the average hourly rate for an Underwriter (P/C) II in the United States is $34, which translates to an annual salary of about $71,308.
However, the hourly wage can vary significantly based on several factors. Here’s a detailed look at the typical pay range per hour:
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An Underwriter (P/C) II'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 an Underwriter (P/C) II'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 |
|---|---|---|
| Underwriter (P/C) I | 0-2 years | $60,522 |
| Underwriter (P/C) II | 2-4 years | $71,308 |
| Underwriter (P/C) III | 4-7 years | $92,692 |
| Underwriter (P/C) IV | 7+ years | $108,305 |
| Property Casualty Underwriting Supervisor | 7+ years | $115,175 |
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 Underwriter (P/C) IIs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 6.72% |
| Knowledge of Underwriting | 1.44% |
| Financial Analysis | 1.07% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Mortgage Underwriting
|
$88,422 |
24%
|
|
Brokerage
|
$81,291 |
14%
|
|
Coaching
|
$79,152 |
11%
|
|
Due Diligence
|
$79,152 |
11%
|
|
Economics
|
$78,439 |
10%
|
|
Risk Management
|
$78,439 |
10%
|
Your level of education can impact your salary potential. While many Underwriter (P/C) IIs enter the field with a Associate'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 an Underwriter (P/C) II with a Associate's Degree is between $69,740 and $74,452).
Underwriter (P/C) II Salaries by Degree Level
| 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% |
Understanding how an Underwriter (P/C) II'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 March 01, 2026
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Analyzes and reviews inspection reports, location, risk, credit reports, etc. to accept or reject renewal/new property and casualty policy applications. Decides on appropriate premium rates and issues coverage. Provides customer services regarding underwriting processes and decisions. May communicate with field agents to gather additional information or to explain underwriting decisions. Typically requires a bachelor's degree or equivalent. May require certification as a Chartered Property Casualty Underwriter (CPCU). Typically reports to a supervisor or 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.
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.
Knowledge of Underwriting: 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: 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.
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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