Insurance Underwriters
SOC 13-2053 • View wages by state
The median annual wage for Insurance Underwriters is $77,860, based on BLS OEWS 2023 data. The mean annual wage is $85,610, and an estimated 101,310 workers are employed in this occupation nationally. Between 2020 and 2023, pay rose +8.5% while consumer prices rose 17.7% — a real change of -7.9% (pay did not keep up with inflation). BLS projects employment will shrink 2.6% between 2024 and 2034.
Wage Trend & Inflation Adjustment
How the national median wage for Insurance Underwriters has moved across BLS OEWS release years, and what each year's wage is worth in 2023 dollars after adjusting for CPI inflation. "Real" change strips out inflation — the truest measure of whether pay is actually rising.
| Year | Median (nominal) | In 2023 $ (real) | Employment |
|---|---|---|---|
| 2023 | $77,860 | $77,860 | 101,310 |
| 2022 | $76,230 | $79,368 | 105,900 |
| 2021 | $76,390 | $85,899 | 107,690 |
| 2020 | $71,790 | $84,519 | 101,790 |
Nominal change
+8.5%
Inflation (CPI)
+17.7%
Real change
-7.9%
Job Outlook (2024–2034 BLS projection)
The BLS Employment Projections program estimates how each occupation's employment will change over the coming decade, and how many job openings to expect each year (from both growth and the need to replace workers who leave).
Projected Growth
-2.6%
Declining
Employment 2024
127,000
Projected 2034
123,700
Annual Openings
8,200
Typical entry-level education: Bachelor's degree.
Highest-Paying Areas (2023)
Where Insurance Underwriters earn the most, and how each area's median compares to the national median of $77,860. A positive premium means the area pays above the national rate.
| Area | Median Annual | vs National | Employment |
|---|---|---|---|
| District of Columbia | $104,410 | +34.1% | 150 |
| Colorado | $99,880 | +28.3% | 1,780 |
| South Dakota | $99,570 | +27.9% | 190 |
| West Central-Southwest New Hampshire nonmetropolitan area | $98,650 | +26.7% | 50 |
| Massachusetts | $98,030 | +25.9% | 2,750 |
| Washington | $94,850 | +21.8% | 2,010 |
| New York | $94,510 | +21.4% | 6,700 |
| New Jersey | $93,190 | +19.7% | 3,320 |
| New Hampshire | $89,780 | +15.3% | 380 |
| Delaware | $85,980 | +10.4% | 70 |
Wage Distribution (National, 2023)
10th, 25th, 50th (median), 75th, and 90th percentile annual wages from BLS OEWS — the full spread, not just an average.
10th Pct
$48,480
25th Pct
$61,370
Median
$77,860
75th Pct
$102,000
90th Pct
$132,010
H-1B Employer Filings
Employer-certified wages from DOL H-1B LCA filings — competitive market benchmark, not approved visas.
| Employer | State | Filings | Median Wage |
|---|---|---|---|
| ACE American Insurance Company | CA | 3 | $135,500 |
| Marsh USA LLC | NY | 2 | $107,909 |
| Pacific Excess Insurance Marketing, Inc. | CA | 1 | $81,120 |
| ACE American Insurance Company | IL | 1 | $167,500 |
| Arch Insurance Group Inc. | CA | 1 | $123,800 |
| Zurich American Insurance Company | MA | 1 | $99,500 |
| Allianz Global Risks US Insurance Company | NY | 1 | $210,500 |
| JING ZENG FINANCIAL & INSURANCE SERVICE | CA | 1 | $76,606 |
| TigerRisk Partners LLC | NY | 1 | $165,000 |
Source: DOL Office of Foreign Labor Certification, H-1B LCA data.
Related Occupations in Business & Financial Operations
Other occupations in the same SOC major group, ranked by national median wage.
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