Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Occupational Employment and Wage Statistics
PRINT:Print
OEWS OEWS Program Links

Occupational Employment and Wages, May 2020

13-2053 Insurance Underwriters

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.


National estimates for Insurance Underwriters
Industry profile for Insurance Underwriters
Geographic profile for Insurance Underwriters

National estimates for Insurance Underwriters: Top

Employment estimate and mean wage estimates for Insurance Underwriters:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
101,790 2.3 % $ 38.65 $ 80,390 0.9 %

Percentile wage estimates for Insurance Underwriters:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 20.78 $ 26.37 $ 34.51 $ 47.03 $ 62.28
Annual Wage (2) $ 43,210 $ 54,850 $ 71,790 $ 97,820 $ 129,550


Industry profile for Insurance Underwriters: Top

Industries with the highest published employment and wages for Insurance Underwriters are provided. For a list of all industries with employment in Insurance Underwriters, see the Create Customized Tables function.

Industries with the highest levels of employment in Insurance Underwriters:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Insurance Carriers 56,120 4.65 $ 39.22 $ 81,590
Agencies, Brokerages, and Other Insurance Related Activities 31,890 2.67 $ 38.10 $ 79,240
Management of Companies and Enterprises 4,380 0.18 $ 35.95 $ 74,770
Nondepository Credit Intermediation 2,600 0.45 $ 38.94 $ 80,990
Credit Intermediation and Related Activities (5221 and 5223 only) 2,480 0.12 $ 36.95 $ 76,850

Industries with the highest concentration of employment in Insurance Underwriters:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Insurance Carriers 56,120 4.65 $ 39.22 $ 81,590
Agencies, Brokerages, and Other Insurance Related Activities 31,890 2.67 $ 38.10 $ 79,240
Nondepository Credit Intermediation 2,600 0.45 $ 38.94 $ 80,990
Management of Companies and Enterprises 4,380 0.18 $ 35.95 $ 74,770
Credit Intermediation and Related Activities (5221 and 5223 only) 2,480 0.12 $ 36.95 $ 76,850

Top paying industries for Insurance Underwriters:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 810 0.09 $ 48.45 $ 100,770
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 40 (7) $ 42.34 $ 88,060
Office Administrative Services 180 0.04 $ 41.68 $ 86,690
Insurance and Employee Benefit Funds (8) (8) $ 41.06 $ 85,410
Legal Services (8) (8) $ 40.85 $ 84,960


Geographic profile for Insurance Underwriters: Top

States and areas with the highest published employment, location quotients, and wages for Insurance Underwriters are provided. For a list of all areas with employment in Insurance Underwriters, see the Create Customized Tables function.





States with the highest employment level in Insurance Underwriters:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
California 9,890 0.60 0.82 $ 40.68 $ 84,610
Texas 7,820 0.65 0.88 $ 36.23 $ 75,350
Illinois 7,150 1.27 1.74 $ 37.34 $ 77,660
New York 7,100 0.82 1.12 $ 50.11 $ 104,230
Florida 6,830 0.81 1.11 $ 33.71 $ 70,120




States with the highest concentration of jobs and location quotients in Insurance Underwriters:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Connecticut 3,370 2.19 2.99 $ 43.28 $ 90,030
Nebraska 1,500 1.59 2.17 $ 32.93 $ 68,500
Georgia 6,600 1.53 2.09 $ 39.99 $ 83,190
Iowa 1,890 1.29 1.76 $ 33.63 $ 69,960
Illinois 7,150 1.27 1.74 $ 37.34 $ 77,660




Top paying states for Insurance Underwriters:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 7,100 0.82 1.12 $ 50.11 $ 104,230
District of Columbia 120 0.18 0.24 $ 47.86 $ 99,560
Massachusetts 2,170 0.65 0.89 $ 45.61 $ 94,880
Connecticut 3,370 2.19 2.99 $ 43.28 $ 90,030
Colorado 1,660 0.64 0.88 $ 42.76 $ 88,940





Metropolitan areas with the highest employment level in Insurance Underwriters:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-Newark-Jersey City, NY-NJ-PA 7,560 0.86 1.17 $ 49.63 $ 103,240
Atlanta-Sandy Springs-Roswell, GA 5,900 2.24 3.06 $ 40.57 $ 84,380
Chicago-Naperville-Elgin, IL-IN-WI 4,870 1.12 1.52 $ 41.41 $ 86,130
Los Angeles-Long Beach-Anaheim, CA 3,970 0.68 0.93 $ 40.39 $ 84,010
Dallas-Fort Worth-Arlington, TX 3,870 1.08 1.47 $ 36.74 $ 76,420
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 3,040 1.13 1.54 $ 43.73 $ 90,950
Hartford-West Hartford-East Hartford, CT 2,320 4.22 5.77 $ 42.13 $ 87,630
Miami-Fort Lauderdale-West Palm Beach, FL 1,970 0.79 1.08 $ 32.69 $ 68,000
San Francisco-Oakland-Hayward, CA 1,790 0.77 1.05 $ 45.59 $ 94,820
Phoenix-Mesa-Scottsdale, AZ 1,690 0.80 1.09 $ 36.94 $ 76,830




Metropolitan areas with the highest concentration of jobs and location quotients in Insurance Underwriters:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Bloomington, IL 1,540 18.68 25.53 $ 27.34 $ 56,870
Hartford-West Hartford-East Hartford, CT 2,320 4.22 5.77 $ 42.13 $ 87,630
Des Moines-West Des Moines, IA 1,230 3.46 4.73 $ 34.61 $ 72,000
Lansing-East Lansing, MI 670 3.40 4.64 $ 30.57 $ 63,590
Columbia, MO 290 3.28 4.48 $ 30.73 $ 63,910
Portland-South Portland, ME 470 2.38 3.25 $ 35.92 $ 74,720
Atlanta-Sandy Springs-Roswell, GA 5,900 2.24 3.06 $ 40.57 $ 84,380
Omaha-Council Bluffs, NE-IA 1,060 2.23 3.05 $ 33.38 $ 69,440
Lincoln, NE 370 2.10 2.87 $ 31.63 $ 65,790
Cedar Rapids, IA 280 2.08 2.84 $ 31.43 $ 65,360




Top paying metropolitan areas for Insurance Underwriters:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Augusta-Richmond County, GA-SC (8) (8) (8) $ 57.22 $ 119,010
Bridgeport-Stamford-Norwalk, CT (8) (8) (8) $ 52.43 $ 109,060
Durham-Chapel Hill, NC 70 0.24 0.32 $ 50.71 $ 105,470
New York-Newark-Jersey City, NY-NJ-PA 7,560 0.86 1.17 $ 49.63 $ 103,240
Las Vegas-Henderson-Paradise, NV (8) (8) (8) $ 47.93 $ 99,700
Boston-Cambridge-Nashua, MA-NH 1,580 0.61 0.83 $ 46.19 $ 96,080
Buffalo-Cheektowaga-Niagara Falls, NY 490 0.99 1.36 $ 46.16 $ 96,000
Syracuse, NY 200 0.72 0.99 $ 45.70 $ 95,050
Fargo, ND-MN 60 0.41 0.56 $ 45.66 $ 94,970
San Francisco-Oakland-Hayward, CA 1,790 0.77 1.05 $ 45.59 $ 94,820

Nonmetropolitan areas with the highest employment in Insurance Underwriters:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Northeastern Wisconsin nonmetropolitan area 180 0.94 1.29 $ 29.53 $ 61,420
Central East New York nonmetropolitan area 130 0.89 1.22 $ 31.65 $ 65,840
Central Indiana nonmetropolitan area 100 0.67 0.91 $ 31.55 $ 65,630
North Northeastern Ohio nonmetropolitan area (noncontiguous) 100 0.31 0.43 $ 30.34 $ 63,110
Southwest Minnesota nonmetropolitan area 90 0.79 1.08 $ 28.80 $ 59,910

Nonmetropolitan areas with the highest concentration of jobs and location quotients in Insurance Underwriters:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Northeastern Wisconsin nonmetropolitan area 180 0.94 1.29 $ 29.53 $ 61,420
Central East New York nonmetropolitan area 130 0.89 1.22 $ 31.65 $ 65,840
Southwest Minnesota nonmetropolitan area 90 0.79 1.08 $ 28.80 $ 59,910
Central Indiana nonmetropolitan area 100 0.67 0.91 $ 31.55 $ 65,630
Southern Vermont nonmetropolitan area 40 0.46 0.63 $ 31.00 $ 64,480

Top paying nonmetropolitan areas for Insurance Underwriters:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
South Central Wisconsin nonmetropolitan area (8) (8) (8) $ 36.61 $ 76,160
Northern Vermont nonmetropolitan area (8) (8) (8) $ 35.35 $ 73,520
Central New Hampshire nonmetropolitan area 40 0.42 0.58 $ 34.86 $ 72,510
Northwest Illinois nonmetropolitan area (8) (8) (8) $ 34.85 $ 72,480
Kansas nonmetropolitan area 80 0.20 0.28 $ 34.16 $ 71,060


About May 2020 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia. The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.

The percentile wage estimate is the value of a wage below which a certain percent of workers fall. The median wage is the 50th percentile wage estimate—50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(7) The value is less than .005 percent of industry employment.

(8) Estimate not released.

(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.


Other OEWS estimates and related information:

May 2020 National Occupational Employment and Wage Estimates

May 2020 State Occupational Employment and Wage Estimates

May 2020 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2020 National Industry-Specific Occupational Employment and Wage Estimates

May 2020 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2021