Property and Casualty Underwriter Salary in the United States

How much does a Property and Casualty Underwriter make in the United States?

As of March 01, 2026, the average salary for a Property and Casualty Underwriter in the United States is $72,010 per year, which breaks down to an hourly rate of $35.

However, a Property and Casualty Underwriter's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $80,615
  • Majority Range (25th-75th percentile): $66,097 to $76,514
  • Entry-Level (10th percentile): $60,714
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View as table View as graph 25% $66,097 10% $60,714 90% $80,615 75% $76,514 $72,010 50%(Median) Didn’t find job title? Click

Property and Casualty Underwriter Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $76,514 $6,376 $1,471 $37
Average $72,010 $6,001 $1,385 $35
25th Percentile $66,097 $5,508 $1,271 $32
Check out Property and Casualty Underwriter Job Openings in the United States
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Key Factors That Influence Property and Casualty Underwriter Salaries

A Property and Casualty Underwriter'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 Property and Casualty Underwriter Salaries?

Experience is a primary driver of a Property and Casualty Underwriter'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:

  • Entry-Level (less than 1 year): $60,837
  • Early Career (1-2 years): $71,679
  • Mid-Level (2-4 years): $93,174
  • Senior-Level (5-8 years): $108,868
  • Expert (over 8 years): $115,774
Levels Salary
Underwrit... Level Property and Casualty Underwriter$60,837
Property ... Level Property and Casualty Underwriter$71,679
Underwrit... Level Property and Casualty Underwriter$93,174
Underwrit... Level Property and Casualty Underwriter$108,868
Property ... Level Property and Casualty Underwriter$115,774
$60,837 0 yr
$71,679 < 2 yrs
$93,174 2-4 yrs
$108,868 5-8 yrs
$115,774 > 8 yrs
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What Am I Worth?

Top Paying Cities for Property and Casualty Underwriters

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: $90,826
  • San Francisco: $89,933
  • Oakland: $87,939

What Skills Can Increase a Property and Casualty Underwriter's Salary?

Demanded Skills for the Role:

  • Analysis (Mentioned in 6.72% Job Postings): Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  • Knowledge of Underwriting (Mentioned in 1.44% Job Postings): 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 (Mentioned in 1.07% Job Postings): 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.
See More Skills
Skills Demand Percentage
Analysis 6.72%
Knowledge of Underwriting 1.44%
Financial Analysis 1.07%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Property and Casualty Underwriter's salary.
  • Mortgage Underwriting: Can increase your salary by up to 24%.
  • Brokerage: Can increase your salary by up to 14%.
  • Coaching: Can increase your salary by up to 11%.
Skill Salary Salary % Increase
Mortgage Underwriting
$89,292
24%
Brokerage
$82,091
14%
Coaching
$79,931
11%
Due Diligence
$79,931
11%
Economics
$79,211
10%
Risk Management
$79,211
10%
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How Education impacts a Property and Casualty Underwriter's Salary?

Your level of education can impact your salary potential. While many Property and Casualty Underwriters 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 a Property and Casualty Underwriter with a Associate's Degree is between $69,740 and $74,452).

Property and Casualty Underwriter Salaries by Degree Level

Typical Education for Property and Casualty Underwriter
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%
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Property and Casualty Underwriter Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Property and Casualty Underwriter'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

Salary Trends for Property and Casualty Underwriter

Salaries for a Property and Casualty Underwriter can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $78,786 in 2023 to around $74,418 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Property and Casualty Underwriter salary trends, .

Average Annual Salary of Property and Casualty Underwriter Over Time

2022
$???
2023
$78,786
2024
$76,242
2025
$74,418
2026
$???
2027
$???
Year Average Annual Salary
2022
View More
2023 $78,786
2024 $76,242
2025 $74,418
2026
View More
2027
View More

Most common benefits for Property and Casualty Underwriter

Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
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Common company salaries for Property and Casualty Underwriter

Here are companies hiring for Property and Casualty Underwriter and their salaries, click below for more details.

Find Your Next Property and Casualty Underwriter Job

Ready to take the next step in your career? Browse thousands of current Property and Casualty Underwriter job openings on our job board. Use the search bar below to find your perfect match.

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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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