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Underwriting Manager - P&C Salary in the United States

How much does an Underwriting Manager - P&C make in the United States?

As of October 01, 2026, the average salary for an Underwriting Manager - P&C in the United States is $127,549 per year, which breaks down to an hourly rate of $61.

However, an Underwriting Manager - P&C's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $145,037
  • Majority Range (25th-75th percentile): $119,291 to $136,703
  • Entry-Level (10th percentile): $111,773
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Underwriting Manager - P&C Salaries

An Underwriting Manager - 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, education and company size can directly affect your earning potential.

How Experience Level Affects Underwriting Manager - P&C Salaries?

Experience is a primary driver of an Underwriting Manager - 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:

  • Underwriter (P/C) IV (7+ years): $108,291
  • Property Casualty Underwriting Supervisor (7+ years): $115,299
  • Underwriting Manager - P&C (7+ years): $127,549
  • Property Casualty Underwriting Director (7+ years): $222,808
  • VP of Property Casualty Underwriting (7+ years): $262,978
Job Role Years of Experience Average Salary
Underwriter (P/C) IV7+ years$108,291
Property Casualty Underwriting Supervisor7+ years$115,299
Underwriting Manager - P&C7+ years$127,549
Property Casualty Underwriting Director7+ years$222,808
VP of Property Casualty Underwriting7+ years$262,978
View as Graph

How Do Underwriting Manager - P&C 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 Underwriting Manager - P&Cs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $141,222.
  • California: $140,687.
  • Massachusetts: $138,812.

Top Paying Cities for Underwriting Manager - P&Cs

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: $160,878
  • San Francisco: $159,116
  • Oakland: $155,763

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

Underwriting Manager - P&C salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $137,883. While startup companies pay approximate $116,884.

Underwriting Manager - P&C Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $116,884
Growth Stage 51~500 $123,574
Established 501~5000 $133,159
Enterprise 5000+ $137,883

Underwriting Manager - P&C Salary by Industry: Top Paying Sectors

For Underwriting Manager - P&C 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, Underwriting Manager - P&C positions in Retail & Wholesale or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Underwriting Manager - P&C as a support function rather than a direct revenue driver.

The top paying industries for an Underwriting Manager - P&C

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Insurance$172,191$83.035%
Financial Services$159,436$77.025%
Healthcare$140,304$67.010%

How Education impacts an Underwriting Manager - P&C's Salary?

Your level of education can impact your salary potential. While many Underwriting Manager - P&C enter the field with a Bachelor's 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 Underwriting Manager - P&C with a Bachelor's Degree is between $128,818 and $136,433.

Underwriting Manager - P&C Salaries by Degree Level

Typical Education for Underwriting Manager - P&C
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%
View as Graph

Underwriting Manager - P&C Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Underwriting Manager - 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 October 01, 2026
$119,291
Average $127,549/year
$136,703
$9,941
Average $10,629/month
$11,392
$2,294
Average $2,453/week
$2,629
$57
Average $61/hour
$66
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $136,703 $11,392 $2,629 $66
Average $127,549 $10,629 $2,453 $61
25th Percentile $119,291 $9,941 $2,294 $57

Underwriting Manager - P&C Salary Growth & Career Path

Underwriting Manager - P&C

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As an Underwriting Manager - 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 Director - Life $163,380 28%
Underwriting Director - Complex Medical $163,380 28%
Underwriting Director - P&C $222,808 75%
Underwriting Senior Manager $163,011 28%

Most common benefits for Underwriting Manager - P&C

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

Common company salaries for Underwriting Manager - P&C

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

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FAQ about Underwriting Manager - P&C

1. Where can an Underwriting Manager - P&C earn the most?

An Underwriting Manager - 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 Underwriting Manager - P&C earns the most in San Jose, CA, where the annual salary of an Underwriting Manager - P&C is $160,878.

2. What is the highest pay for Underwriting Manager - P&C?

The highest pay for Underwriting Manager - P&C is $145,037.

3. What is the lowest pay for Underwriting Manager - P&C?

The lowest pay for Underwriting Manager - P&C is $111,773.

4. What are the responsibilities of Underwriting Manager - P&C?

Manages the team responsible for reviewing and analyzing property and casualty (P&C) insurance applications. Monitors the evaluation and analysis of inspection reports, location, risk, credit reports, and additional information to accept, decline, or renew an application. Ensures all underwriting guidelines, rules, and standards are being followed. Determines appropriate premium rates and issues coverage. Provides assistance on more complex applications. Ensures compliance with all industry and governmental regulations. Requires a bachelor's degree. Typically requires Chartered Property Casualty Underwriter (CPCU). Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes.

5. What industry pays the highest salary for Underwriting Manager - P&C?

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

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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