How much does a Underwriting Manager make?
Becoming an Underwriting Manager can lead to a rewarding and well-compensated career. According to recent data, the average yearly salary for an Underwriting Manager is around $143,251. This figure places the role among the higher-paying positions in the industry. It means that those who have reached this level have often invested considerable time and effort into their professional development.
Salary data reveals that there is a range in earnings for Underwriting Managers. At the lower end, some managers earn about $60,580 annually, while at the higher end, the top earners can make over $228,000 per year. This range suggests that experience, skill level, and company size can significantly influence salary. Those with more experience and working for larger companies may find themselves at the higher end of the salary spectrum. Additionally, those in specialized or high-demand markets might also see higher compensation.
What are the highest paying cities for a Underwriting Manager?

-
San Francisco, CA
Average Salary: $183,558
In San Francisco, a city known for tech innovation, leaders in underwriting find excellent opportunities. The competitive salary and presence of major insurance firms make it an attractive place. Companies like AIG and Allianz offer promising roles.
Find Underwriting Manager jobs in San Francisco, CA
-
Los Angeles, CA
Average Salary: $174,904
Los Angeles offers a dynamic market for underwriting professionals. With a high concentration of firms, the city provides diverse roles. Companies like Farmers Insurance and Occidental Petroleum look for skilled managers.
Find Underwriting Manager jobs in Los Angeles, CA
-
Chicago, IL
Average Salary: $169,928
Chicago is home to several insurance giants, making it a top choice for underwriting managers. The city offers a mix of traditional and innovative companies. Firms like Allstate and Berkshire Hathaway Energy seek experienced professionals.
Find Underwriting Manager jobs in Chicago, IL
-
Boston, MA
Average Salary: $168,944
Boston offers a rich history and a thriving finance sector, perfect for underwriting managers. The city's prestigious companies look for candidates with strong analytical skills. Notable firms include Liberty Mutual and State Street Corporation.
Find Underwriting Manager jobs in Boston, MA
-
Philadelphia, PA
Average Salary: $166,207
Philadelphia provides a balanced environment for underwriting professionals. The city's diverse job market includes well-known firms. Companies like Vanguard and Aramark offer solid career opportunities.
Find Underwriting Manager jobs in Philadelphia, PA
-
Seattle, WA
Average Salary: $156,969
Seattle, known for its tech and innovation, offers exciting opportunities for underwriting managers. The city's tech-driven insurance firms look for skilled professionals. Companies like Regence and Safeco are on the lookout for talent.
Find Underwriting Manager jobs in Seattle, WA
-
Atlanta, GA
Average Salary: $155,122
Atlanta's growing economy makes it a great place for underwriting managers. The city has a mix of traditional and modern insurance companies. Firms like AFLAC and SunTrust Bank provide promising roles.
Find Underwriting Manager jobs in Atlanta, GA
-
Denver, CO
Average Salary: $154,509
In Denver, the insurance industry is expanding, offering many opportunities for underwriting managers. The city's companies seek candidates who can adapt to a dynamic market. Firms like Xcel Energy and UnitedHealth Group are hiring.
Find Underwriting Manager jobs in Denver, CO
-
Dallas, TX
Average Salary: $153,789
Dallas boasts a robust economy with numerous insurance firms. The city's diverse market makes it an excellent place for underwriting managers. Companies like American Airlines Group and Texas Mutual Insurance Company offer great roles.
Find Underwriting Manager jobs in Dallas, TX
-
Washington, DC
Average Salary: $148,631
Washington, DC offers a unique blend of policy and business, making it an ideal place for underwriting managers. The city's many insurance companies look for professionals with strong analytical skills. Firms like The Hartford and Travelers are active in the market.
Find Underwriting Manager jobs in Washington, DC
What are the best companies a Underwriting Manager can work for?

-
Liberty Mutual Insurance
Average Salary: $205,419
Liberty Mutual Insurance offers exciting opportunities for Underwriting Managers. They work in various locations across the United States, managing underwriting policies and ensuring smooth operations. Their work helps the company maintain its reputation for quality and reliability.
-
Wells Fargo
Average Salary: $182,209
At Wells Fargo, Underwriting Managers play a key role in overseeing underwriting operations. They work in major cities nationwide, making strategic decisions that impact the company's success. Their expertise in underwriting helps Wells Fargo to provide top-notch financial services.
-
AXA
Average Salary: $182,132
AXA offers rewarding careers for Underwriting Managers. They manage underwriting processes and policies in locations around the world. Their role is crucial in helping AXA provide excellent insurance services to its global clients.
-
AXA XL
Average Salary: $179,519
AXA XL is known for its strong underwriting team. Underwriting Managers here manage risk assessments and policies, operating in key global markets. Their work helps AXA XL to maintain a strong presence in the insurance industry.
-
Zurich Insurance
Average Salary: $174,467
Zurich Insurance values the skills of Underwriting Managers. They oversee underwriting activities in major cities worldwide. Their job is to ensure that underwriting policies align with the company's goals and client needs.
-
Great American Insurance Group
Average Salary: $167,318
Great American Insurance Group offers competitive salaries for Underwriting Managers. They work in various locations, managing underwriting operations and policies. Their role is essential in helping the company provide reliable insurance services.
-
U.S. Bank
Average Salary: $143,477
U.S. Bank provides a dynamic environment for Underwriting Managers. They manage underwriting tasks in multiple states, ensuring the bank's policies are effectively implemented. Their expertise helps U.S. Bank to maintain a strong financial position.
-
Nationwide Mutual Insurance Company
Average Salary: $134,875
Nationwide Mutual Insurance Company offers rewarding roles for Underwriting Managers. They oversee underwriting activities in several locations across the U.S. Their work helps the company to deliver excellent insurance services to its clients.
-
CVS Health
Average Salary: $110,525
CVS Health offers opportunities for Underwriting Managers to manage underwriting operations. They work in various locations, ensuring the company's underwriting policies are effectively implemented. Their role is crucial in providing quality health services.
-
WCF Insurance
Average Salary: $60,122
WCF Insurance provides a supportive environment for Underwriting Managers. They manage underwriting processes in select locations, ensuring policies are in line with the company's objectives. Their role is key in helping WCF Insurance to serve its clients effectively.
How to earn more as a Underwriting Manager?
To earn more as an Underwriting Manager, focus on key areas that can boost your value in the industry. Building a solid reputation can lead to higher salary opportunities. Strong communication skills help in negotiating better compensation packages. Staying updated with industry trends ensures you understand market values. Experience in handling complex underwriting cases makes you more valuable.
Investing in continuous education can also open doors to higher-paying positions. An advanced degree or specialized certifications can enhance your qualifications. Developing leadership skills allows you to manage teams more effectively. Networking with industry professionals can lead to lucrative job offers. Seeking out mentorship from seasoned underwriting managers provides insights into career advancement.
Here are some factors to consider:
- Improve communication skills
- Stay updated with industry trends
- Gain experience in complex underwriting cases
- Invest in continuous education
- Develop leadership skills



