As of July 01, 2026, the average salary for an Underwriting Manager - P&C in the United States is $127,525 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:
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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.
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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Underwriter (P/C) IV | 7+ years | $108,297 |
| Property Casualty Underwriting Supervisor | 7+ years | $115,245 |
| Underwriting Manager - P&C | 7+ years | $127,525 |
| Property Casualty Underwriting Director | 7+ years | $222,634 |
| VP of Property Casualty Underwriting | 7+ years | $262,869 |
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 Underwriting Manager - P&Cs. For example, consider the average annual salaries in these key locations:
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 $138,118. While startup companies pay approximate $116,959.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $116,959 |
| Growth Stage | 51~500 | $123,671 |
| Established | 501~5000 | $133,419 |
| Enterprise | 5000+ | $138,118 |
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.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $172,159 | $83.0 | 35% |
| Financial Services | $159,406 | $77.0 | 25% |
| Healthcare | $140,278 | $67.0 | 10% |
Your level of education can impact your salary potential. While many Underwriting Manager - P&Cs enter the field with a Bachelor'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 Underwriting Manager - P&C with a Bachelor's Degree is between $128,818 and $136,433).
Underwriting Manager - P&C Salaries by Degree Level
| 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% |
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 July 01, 2026Promotions 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 | $163,384 | 28% |
| Underwriting Director - Complex Medical | $163,384 | 28% |
| Underwriting Director - P&C | $222,634 | 75% |
| Underwriting Senior Manager | $163,007 | 28% |
Salaries for an Underwriting Manager - P&C can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $119,242 in 2023 to around $116,486 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Underwriting Manager - P&C salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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| 2023 | $119,242 |
| 2024 | $118,085 |
| 2025 | $116,486 |
| 2026 |
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| 2027 |
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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 $160,847.
The highest pay for Underwriting Manager - P&C is $144,965.
The lowest pay for Underwriting Manager - P&C is $111,706.
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.
The Insurance industry offers the highest average compensation for Underwriting Manager - P&C roles, with salaries approximately 35% above the market median.
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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.)
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