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Occupational Employment and Wage Statistics
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Occupational Employment and Wages, May 2021

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:

Employment estimate and mean wage estimates for Insurance Underwriters:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
107,690 2.8 % $ 38.43 $ 79,940 0.9 %

Percentile wage estimates for Insurance Underwriters:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 22.76 $ 28.29 $ 36.73 $ 47.25 $ 60.76
Annual Wage (2) $ 47,330 $ 58,840 $ 76,390 $ 98,270 $ 126,380


Industry profile for Insurance Underwriters:

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 57,080 4.75 $ 38.87 $ 80,840
Agencies, Brokerages, and Other Insurance Related Activities 38,870 3.19 $ 37.75 $ 78,530
Credit Intermediation and Related Activities (5221 and 5223 only) 3,600 0.18 $ 37.60 $ 78,210
Nondepository Credit Intermediation 2,760 0.44 $ 41.70 $ 86,730
Management of Companies and Enterprises 2,310 0.09 $ 35.71 $ 74,270

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 57,080 4.75 $ 38.87 $ 80,840
Agencies, Brokerages, and Other Insurance Related Activities 38,870 3.19 $ 37.75 $ 78,530
Nondepository Credit Intermediation 2,760 0.44 $ 41.70 $ 86,730
Credit Intermediation and Related Activities (5221 and 5223 only) 3,600 0.18 $ 37.60 $ 78,210
Management of Companies and Enterprises 2,310 0.09 $ 35.71 $ 74,270

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 (8) (8) $ 51.84 $ 107,820
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 50 (7) $ 46.62 $ 96,970
Nondepository Credit Intermediation 2,760 0.44 $ 41.70 $ 86,730
Local Government, excluding schools and hospitals (OEWS Designation) 150 (7) $ 40.69 $ 84,640
Insurance and Employee Benefit Funds (8) (8) $ 39.76 $ 82,690


Geographic profile for Insurance Underwriters:

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.



Map of employment of insurance underwriters by state, May 2021


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)
Texas 13,240 1.08 1.42 $ 33.30 $ 69,260
New York 7,850 0.91 1.18 $ 51.27 $ 106,650
California 7,720 0.47 0.61 $ 42.79 $ 89,010
Georgia 7,580 1.73 2.26 $ 38.92 $ 80,950
Pennsylvania 6,330 1.13 1.48 $ 39.90 $ 83,000


Map of location quotient of insurance underwriters by state, May 2021


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 3,110 1.98 2.59 $ 46.54 $ 96,800
Georgia 7,580 1.73 2.26 $ 38.92 $ 80,950
Iowa 2,060 1.39 1.82 $ 34.45 $ 71,650
Rhode Island 590 1.30 1.70 $ 45.40 $ 94,430
Kansas 1,730 1.29 1.69 $ 40.39 $ 84,020


Map of annual mean wages of insurance underwriters by state, May 2021


Top paying states for Insurance Underwriters:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
District of Columbia 240 0.36 0.47 $ 52.94 $ 110,120
New York 7,850 0.91 1.18 $ 51.27 $ 106,650
Delaware 140 0.33 0.43 $ 48.62 $ 101,130
Massachusetts 2,040 0.60 0.79 $ 46.65 $ 97,040
Connecticut 3,110 1.98 2.59 $ 46.54 $ 96,800



Map of employment of insurance underwriters by area, May 2021


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 7,490 0.86 1.13 $ 52.40 $ 108,990
Dallas-Fort Worth-Arlington, TX 7,000 1.95 2.55 $ 33.44 $ 69,550
Atlanta-Sandy Springs-Roswell, GA 6,320 2.44 3.20 $ 39.97 $ 83,140
Chicago-Naperville-Elgin, IL-IN-WI 3,540 0.84 1.10 $ 37.53 $ 78,050
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 3,330 1.25 1.64 $ 43.64 $ 90,760
Los Angeles-Long Beach-Anaheim, CA 3,030 0.53 0.69 $ 41.35 $ 86,000
Phoenix-Mesa-Scottsdale, AZ 2,740 1.30 1.70 $ 37.63 $ 78,280
Washington-Arlington-Alexandria, DC-VA-MD-WV 2,330 0.79 1.04 $ 35.44 $ 73,710
Hartford-West Hartford-East Hartford, CT 2,210 4.06 5.31 $ 45.41 $ 94,460
Minneapolis-St. Paul-Bloomington, MN-WI 1,890 1.04 1.36 $ 38.88 $ 80,860


Map of location quotient of insurance underwriters by area, May 2021


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)
Hartford-West Hartford-East Hartford, CT 2,210 4.06 5.31 $ 45.41 $ 94,460
Des Moines-West Des Moines, IA 1,120 3.15 4.12 $ 35.87 $ 74,600
Macon, GA 290 3.10 4.05 $ 28.16 $ 58,570
Lansing-East Lansing, MI 530 2.69 3.52 $ 31.25 $ 65,000
Atlanta-Sandy Springs-Roswell, GA 6,320 2.44 3.20 $ 39.97 $ 83,140
Utica-Rome, NY 280 2.44 3.19 $ 39.83 $ 82,840
Chattanooga, TN-GA 570 2.31 3.02 $ 33.71 $ 70,110
Portland-South Portland, ME 400 2.02 2.64 $ 39.35 $ 81,860
Dallas-Fort Worth-Arlington, TX 7,000 1.95 2.55 $ 33.44 $ 69,550
Omaha-Council Bluffs, NE-IA 760 1.64 2.15 $ 35.07 $ 72,940


Map of annual mean wages of insurance underwriters by area, May 2021


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)
Bridgeport-Stamford-Norwalk, CT 380 1.00 1.31 $ 58.17 $ 121,000
New York-Newark-Jersey City, NY-NJ-PA 7,490 0.86 1.13 $ 52.40 $ 108,990
San Francisco-Oakland-Hayward, CA 1,030 0.46 0.60 $ 49.59 $ 103,150
Seattle-Tacoma-Bellevue, WA 920 0.48 0.63 $ 47.84 $ 99,520
Boston-Cambridge-Nashua, MA-NH 1,570 0.61 0.79 $ 46.41 $ 96,530
Hartford-West Hartford-East Hartford, CT 2,210 4.06 5.31 $ 45.41 $ 94,460
Worcester, MA-CT 260 0.97 1.26 $ 45.36 $ 94,340
Springfield, MA-CT 210 0.69 0.90 $ 44.96 $ 93,520
San Jose-Sunnyvale-Santa Clara, CA 150 0.14 0.19 $ 44.65 $ 92,860
Las Vegas-Henderson-Paradise, NV 410 0.44 0.58 $ 44.63 $ 92,830

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 220 1.16 1.51 $ 36.36 $ 75,620
Central East New York nonmetropolitan area 130 0.86 1.12 $ 32.10 $ 66,760
Kansas nonmetropolitan area 120 0.33 0.43 $ 26.35 $ 54,800
Northern Vermont nonmetropolitan area 120 1.90 2.48 $ 36.27 $ 75,430
Southeast Minnesota nonmetropolitan area 110 0.76 1.00 (8) (8)

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)
Northern Vermont nonmetropolitan area 120 1.90 2.48 $ 36.27 $ 75,430
Northeastern Wisconsin nonmetropolitan area 220 1.16 1.51 $ 36.36 $ 75,620
Central East New York nonmetropolitan area 130 0.86 1.12 $ 32.10 $ 66,760
Central New Hampshire nonmetropolitan area 80 0.85 1.12 $ 35.60 $ 74,050
Southeast Minnesota nonmetropolitan area 110 0.76 1.00 (8) (8)

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 40 0.21 0.27 $ 60.77 $ 126,410
West Central-Southwest New Hampshire nonmetropolitan area 70 0.73 0.95 $ 48.43 $ 100,730
Northeast Iowa nonmetropolitan area (8) (8) (8) $ 46.24 $ 96,180
West Northwestern Ohio nonmetropolitan area 50 0.21 0.28 $ 37.57 $ 78,150
Northeastern Wisconsin nonmetropolitan area 220 1.16 1.51 $ 36.36 $ 75,620


About May 2021 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 2021 National Occupational Employment and Wage Estimates

May 2021 State Occupational Employment and Wage Estimates

May 2021 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2021 National Industry-Specific Occupational Employment and Wage Estimates

May 2021 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2022