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

Occupational Employment and Wages, May 2023

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)
101,310 3.5 % $ 41.16 $ 85,610 0.7 %

Percentile wage estimates for Insurance Underwriters:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 23.31 $ 29.50 $ 37.44 $ 49.04 $ 63.47
Annual Wage (2) $ 48,480 $ 61,370 $ 77,860 $ 102,000 $ 132,010


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 56,300 4.60 $ 41.72 $ 86,770
Agencies, Brokerages, and Other Insurance Related Activities 37,200 2.80 $ 40.64 $ 84,520
Management of Companies and Enterprises 3,040 0.11 $ 37.26 $ 77,500
Credit Intermediation and Related Activities (5221 and 5223 only) 1,120 0.06 $ 42.22 $ 87,820
Nondepository Credit Intermediation 850 0.15 $ 43.71 $ 90,920

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 56,300 4.60 $ 41.72 $ 86,770
Agencies, Brokerages, and Other Insurance Related Activities 37,200 2.80 $ 40.64 $ 84,520
Insurance and Employee Benefit Funds 100 0.87 $ 39.79 $ 82,760
Nondepository Credit Intermediation 850 0.15 $ 43.71 $ 90,920
Management of Companies and Enterprises 3,040 0.11 $ 37.26 $ 77,500

Top paying industries for Insurance Underwriters:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Real Estate 40 (7) $ 53.40 $ 111,070
Computer Systems Design and Related Services 190 0.01 $ 44.49 $ 92,530
Nondepository Credit Intermediation 850 0.15 $ 43.71 $ 90,920
Employment Services 320 0.01 $ 43.70 $ 90,900
Management, Scientific, and Technical Consulting Services 220 0.01 $ 42.31 $ 88,000


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 2023


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 9,420 0.69 1.04 $ 38.46 $ 79,990
California 6,960 0.39 0.58 $ 44.82 $ 93,220
Florida 6,930 0.72 1.09 $ 35.65 $ 74,150
New York 6,700 0.71 1.07 $ 49.68 $ 103,330
Illinois 6,090 1.01 1.52 $ 39.58 $ 82,330


Map of location quotient of insurance underwriters by state, May 2023


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 2,580 1.55 2.33 $ 46.86 $ 97,460
Nebraska 1,330 1.33 1.99 $ 37.29 $ 77,560
Iowa 1,870 1.21 1.81 $ 36.22 $ 75,340
Georgia 5,670 1.19 1.79 $ 43.06 $ 89,560
Wisconsin 3,030 1.05 1.58 $ 39.73 $ 82,640


Map of annual mean wages of insurance underwriters by state, May 2023


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 150 0.21 0.31 $ 55.80 $ 116,070
South Dakota 190 0.43 0.64 $ 55.39 $ 115,200
Washington 2,010 0.57 0.86 $ 52.56 $ 109,320
New York 6,700 0.71 1.07 $ 49.68 $ 103,330
Colorado 1,780 0.63 0.94 $ 49.07 $ 102,070



Map of employment of insurance underwriters by area, May 2023


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 6,990 0.74 1.10 $ 50.70 $ 105,460
Atlanta-Sandy Springs-Roswell, GA 4,610 1.64 2.45 $ 43.44 $ 90,350
Dallas-Fort Worth-Arlington, TX 4,580 1.16 1.73 $ 39.12 $ 81,380
Chicago-Naperville-Elgin, IL-IN-WI 3,500 0.78 1.16 $ 44.55 $ 92,660
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 2,980 1.05 1.58 $ 47.27 $ 98,310
Los Angeles-Long Beach-Anaheim, CA 2,400 0.39 0.58 $ 46.01 $ 95,700
Phoenix-Mesa-Scottsdale, AZ 2,180 0.95 1.43 $ 37.60 $ 78,210
Boston-Cambridge-Nashua, MA-NH 2,010 0.73 1.09 $ 48.68 $ 101,260
Cincinnati, OH-KY-IN 1,700 1.57 2.36 $ 39.34 $ 81,830
Tampa-St. Petersburg-Clearwater, FL 1,700 1.20 1.80 $ 34.82 $ 72,420


Map of location quotient of insurance underwriters by area, May 2023


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 1,630 2.90 4.34 $ 47.35 $ 98,500
Des Moines-West Des Moines, IA 1,040 2.70 4.05 $ 39.12 $ 81,380
Columbia, MO 240 2.41 3.61 $ 30.53 $ 63,510
Lansing-East Lansing, MI 410 1.95 2.92 $ 35.45 $ 73,740
Utica-Rome, NY 220 1.89 2.84 $ 42.50 $ 88,400
Atlanta-Sandy Springs-Roswell, GA 4,610 1.64 2.45 $ 43.44 $ 90,350
Lincoln, NE 290 1.61 2.42 $ 36.62 $ 76,170
Omaha-Council Bluffs, NE-IA 770 1.58 2.37 $ 37.35 $ 77,690
Cincinnati, OH-KY-IN 1,700 1.57 2.36 $ 39.34 $ 81,830
Wausau, WI 100 1.47 2.20 $ 35.78 $ 74,430


Map of annual mean wages of insurance underwriters by area, May 2023


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)
Bellingham, WA 40 0.45 0.67 $ 57.16 $ 118,900
Bridgeport-Stamford-Norwalk, CT 280 0.71 1.06 $ 57.13 $ 118,830
Seattle-Tacoma-Bellevue, WA 1,270 0.61 0.92 $ 55.30 $ 115,020
Spokane-Spokane Valley, WA 330 1.31 1.96 $ 51.49 $ 107,100
Sioux Falls, SD 130 0.79 1.18 $ 51.35 $ 106,800
New York-Newark-Jersey City, NY-NJ-PA 6,990 0.74 1.10 $ 50.70 $ 105,460
San Francisco-Oakland-Hayward, CA 870 0.36 0.54 $ 49.29 $ 102,510
Denver-Aurora-Lakewood, CO 1,400 0.88 1.32 $ 49.14 $ 102,210
Boston-Cambridge-Nashua, MA-NH 2,010 0.73 1.09 $ 48.68 $ 101,260
San Jose-Sunnyvale-Santa Clara, CA 90 0.07 0.11 $ 48.01 $ 99,870

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 420 2.13 3.19 $ 37.15 $ 77,280
Central East New York nonmetropolitan area 140 0.86 1.29 $ 41.32 $ 85,950
Southeast Minnesota nonmetropolitan area 130 0.87 1.30 $ 44.44 $ 92,440
Southeast Iowa nonmetropolitan area 130 0.60 0.89 $ 29.60 $ 61,560
Northern Indiana nonmetropolitan area 110 0.50 0.74 $ 36.57 $ 76,060

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 420 2.13 3.19 $ 37.15 $ 77,280
Northern Vermont nonmetropolitan area 90 1.27 1.90 $ 33.14 $ 68,920
Southeast Minnesota nonmetropolitan area 130 0.87 1.30 $ 44.44 $ 92,440
Central East New York nonmetropolitan area 140 0.86 1.29 $ 41.32 $ 85,950
Southeast Iowa nonmetropolitan area 130 0.60 0.89 $ 29.60 $ 61,560

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)
West Central-Southwest New Hampshire nonmetropolitan area 50 0.53 0.79 $ 46.93 $ 97,620
Southeast Minnesota nonmetropolitan area 130 0.87 1.30 $ 44.44 $ 92,440
Northwest Illinois nonmetropolitan area 50 0.36 0.54 $ 41.64 $ 86,620
Central East New York nonmetropolitan area 140 0.86 1.29 $ 41.32 $ 85,950
Central New Hampshire nonmetropolitan area 40 0.43 0.65 $ 40.30 $ 83,810


About May 2023 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.

(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 2023 National Occupational Employment and Wage Estimates

May 2023 State Occupational Employment and Wage Estimates

May 2023 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2023 National Industry-Specific Occupational Employment and Wage Estimates

May 2023 Occupation Profiles

Technical Notes

 

Last Modified Date: April 3, 2024