Business and Financial Operations Occupations

Insurance Underwriters Salary in the United States

DOL-verified data from 717 government filings, with BLS survey comparison.

DOL Median Salary
$75,000
BLS median: $79,880
DOL Median Salary
$75,000
From 717 DOL filings
BLS Median Salary
$79,880
BLS OEWS 2024 survey
Total Employers
237
Companies with DOL filings
Total Employment
107,820
Estimated US workers (BLS)

DOL Filings vs BLS Survey

What Employers File with DOL

$75,000
DOL-Filed Salary Range
$19,219$55,000$75,000$105,000$400,000

This figure comes from 717 employer filings with the US Department of Labor under legal obligation. Employers file this salary when sponsoring workers for PERM green cards or H-1B visas.

What BLS Says the Market Pays

$79,880
BLS Survey Salary Range
$51,640$63,070$79,880$104,820$138,020

This figure comes from the BLS Occupational Employment and Wage Statistics survey of 107,820 establishments. This is an independent survey-based estimate of what all workers in this occupation earn.

DOL-filed salaries are 6.1% lower than BLS survey data, which may reflect that sponsored positions concentrate in high-cost locations or experience-intensive roles.

Salary Distribution

Top Paying Employers for Insurance Underwriters

Ranked by median salary from DOL filings
RankEmployerMedian SalaryFilingsvs Market
1Munich Reinsurance America, Inc.$150,5005+88.4%
2General Reinsurance Corporation$145,1008+81.7%
3Zurich American Insurance Company$127,4007+59.5%
4Marsh USA LLC$125,00026+56.5%
5Westport Insurance Corporation$120,51527+50.9%
6GENERALI US BRANCH$119,05514+49%
7Aspen Insurance US Services, Inc$115,69514+44.8%
8Transatlantic Reinsurance Company$110,0005+37.7%
9Swiss Re America Holding Corporation$110,00044+37.7%
10QBE AMERICAS INC$108,2507+35.5%
11Endurance Group inc$106,5005+33.3%
12W.R. Berkley Corporation$106,0006+32.7%
13National Union Fire Insurance Company of Pittsburgh, Pa.$105,00015+31.5%
14Liberty Mutual Group Inc.$96,2219+20.5%
15NAVIGATORS MANAGEMENT COMPANY INC.$96,2007+20.4%
16Factory Mutual Insurance Company$93,00812+16.4%
17Xceedance Inc.$91,0006+13.9%
18NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURG$89,0006+11.4%
19Berkley Insurance Company$85,0089+6.4%
20Validus Services, Inc.$85,00010+6.4%
21ACE American Insurance Company$77,00014-3.6%
22Hiscox Inc.$75,0008-6.1%
23XL GLOBAL SERVICES$74,8808-6.3%
24Aegis Service Corp.$74,8806-6.3%
25Risk Specialists Companies Insurance Agency, Inc.$70,00018-12.4%
26REDBRIDGE REINSURANCE MANAGERS LLC$67,0005-16.1%
27Arch Insurance Group Inc.$63,99510-19.9%
28IRONSHORE INSURANCE SERVICES LLC$62,9415-21.2%
29GuarantR Inc$60,0006-24.9%
30INTERNATIONAL UNDERWRITING AGENCY$59,84212-25.1%
31SOLOMON AGENCY CORP$56,17010-29.7%
32Asian Business Care Insurance Services, Inc.$52,0006-34.9%
33RAPO & JEPSEN INSURANCE$49,0005-38.7%
34PING AN GROUP INC.$48,8806-38.8%
35West Bend Mutual Insurance Company$48,1215-39.8%
36Jing Zeng Financial & Insurance Service$45,6359-42.9%
37Traders Insurance Company$24,9609-68.8%

View all companies hiring Insurance Underwriters

Salary by Metro Area

Metro AreaMedianvs NationalFilingsEmployers
New York, NE$104,000+38.7%2821
New York, NY$100,000+33.3%8941
Chicago, IL$95,500+27.3%149
Miami, FL$85,000+13.3%6026
Los Angeles, CA$76,244+1.7%1510
San Francisco, CA$69,170-7.8%1410
BAYSIDE, NY$59,436-20.8%143
Boston, MA$58,771-21.6%1610

Salary by State

StateMedianvs NationalFilings
Connecticut$101,513+6.3%18
Colorado$100,202+0.2%4
Illinois$96,221+13.8%21
Washington$91,894-3.6%1
Ohio$90,498+13.4%2
Missouri$87,632+12.2%2
Nebraska$86,423+14.8%47
New Jersey$81,765-12.6%19
Florida$80,0000%74
New York$80,000-4.7%125
Rhode Island$75,234-7.1%5
Georgia$67,002-14.1%12
Massachusetts$60,174-39.9%23
North Carolina$58,563-18.9%1
Louisiana$55,760-12.2%2
Maryland$55,000-38.1%3
Texas$55,000-28.4%19
New Hampshire$55,000-42.8%1
California$54,000-38.1%81
Pennsylvania$51,667-34%9
Oklahoma$50,845-25.6%4
Alabama$50,336-21.1%3
Virginia$49,500-35.8%3
Wisconsin$48,121-38.3%2
Iowa$44,387-42.8%1
South Carolina$36,000-55.6%1

Salary Trend - DOL Data

Education Requirements

From PERM filings

For Insurance Underwriters positions, 76% of PERM filings required a Bachelor's degree, 13% required a Master's degree, and 10% required no formal degree.

Education by Top Employer

Most common minimum education from PERM filings
EmployerMost Common EducationMedian Salary
Swiss Re America Holding CorporationBachelor's$110,000
Westport Insurance CorporationBachelor's$120,515
Marsh USA LLCBachelor's$125,000
Risk Specialists Companies Insurance Agency, Inc.Bachelor's$70,000
National Union Fire Insurance Company of Pittsburgh, Pa.Not specified$105,000
ACE American Insurance CompanyNot specified$77,000
GENERALI US BRANCHBachelor's$119,055
Aspen Insurance US Services, IncNone$115,695
Factory Mutual Insurance CompanyBachelor's$93,008
INTERNATIONAL UNDERWRITING AGENCYNot specified$59,842

Salary by Industry

Same occupation, different industries (NAICS)

The highest-paying industry for Insurance Underwriters is Finance and Insurance at $86,597.

Frequently Asked Questions

How much does a Insurance Underwriters make?

Based on 717 DOL filings, the median salary for a Insurance Underwriters is $75,000, ranging from $55,000 to $105,000.

What is the highest salary for a Insurance Underwriters?

The 90th percentile salary is $138,020 according to BLS data.

Which city pays the most for Insurance Underwriters?

Based on DOL filings, New York, NE offers the highest median at $104,000.

Does this data include all Insurance Underwriters salaries or only visa-sponsored workers?

DOL filing data covers positions where the employer filed for PERM green card sponsorship or an H-1B visa. These filings represent a subset of all Insurance Underwriters positions. We compare this data against BLS OEWS data which covers all workers in this occupation.

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Source: US Department of Labor, Office of Foreign Labor Certification (OFLC) public disclosure files (PERM Form ETA-9089 and LCA Form ETA-9035), and US Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS). Salary figures represent employer filings and government survey estimates, not individual worker pay.