As of July 01, 2026, the average salary for an Underwriter IV - P&C in the United States is $108,297 per year, which breaks down to an hourly rate of $52.
However, an Underwriter IV - P&C's salary can vary significantly. Here’s a look at the typical salary range:
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An Underwriter IV - P&C'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, and company size can directly affect your earning potential.
Experience is a primary driver of an Underwriter IV - P&C'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) II | 2-4 years | $71,304 |
| Underwriter (P/C) III | 4-7 years | $92,694 |
| Underwriter IV - P&C | 7+ years | $108,297 |
| Property Casualty Underwriting Supervisor | 7+ years | $115,245 |
| Property Casualty Underwriting Manager | 7+ years | $127,525 |
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 IV - P&Cs. For example, consider the average annual salaries in these key locations:
Underwriter IV - P&C salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $117,293. While startup companies pay approximate $99,324.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $99,324 |
| Growth Stage | 51~500 | $105,024 |
| Established | 501~5000 | $113,302 |
| Enterprise | 5000+ | $117,293 |
For Underwriter IV - P&C roles, the industry you choose can affect earning potential by as much as 90% (the gap between the highest and lowest paying industries). Data shows that the Insurance and Financial Services sectors offer the strongest compensation, at 40% above the average. In contrast, Underwriter IV - P&C positions in Retail & Wholesale or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Underwriter IV - P&C as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $151,616 | $73.0 | 40% |
| Financial Services | $140,786 | $68.0 | 30% |
| Healthcare | $119,127 | $57.0 | 10% |
Understanding how an Underwriter IV - P&C'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 an Underwriter IV - P&C, 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 |
|---|---|---|
| Underwriting Supervisor - Life | $117,248 | 8% |
| Underwriting Manager - Complex Medical | $131,650 | 22% |
| Underwriting Supervisor - P&C | $115,245 | 6% |
| Underwriter V | $133,433 | 23% |
Salaries for an Underwriter IV - P&C can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $122,488 in 2023 to around $119,280 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Underwriter IV - P&C salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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| 2023 | $122,488 |
| 2024 | $121,645 |
| 2025 | $119,280 |
| 2026 |
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| 2027 |
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An Underwriter IV - P&C'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 IV - P&C earns the most in San Jose, CA, where the annual salary of an Underwriter IV - P&C is $136,595.
The highest pay for Underwriter IV - P&C is $128,043.
The lowest pay for Underwriter IV - P&C is $91,787.
Responsible for reviewing and analyzing property and casualty (P&C) insurance applications. Evaluates and analyzes inspection reports, location, risk, credit reports, and additional information to accept, decline, or renew an application. Utilizes and follows underwriting guidelines, rules, and standards. Determines appropriate premium rates and issues coverage. Provides customer services regarding underwriting processes and decisions. Ensures compliance with all industry and governmental regulations. Requires a bachelor's degree. May require Chartered Property Casualty Underwriter (CPCU). Typically reports to a manager. Work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. Typically requires 7+ years of related experience.
The Insurance industry offers the highest average compensation for Underwriter IV - P&C roles, with salaries approximately 40% above the market median.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
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