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Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2022

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)
105,900 2.0 % $ 39.90 $ 82,990 0.8 %

Percentile wage estimates for Insurance Underwriters:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 22.76 $ 28.75 $ 36.65 $ 48.46 $ 62.60
Annual Wage (2) $ 47,340 $ 59,790 $ 76,230 $ 100,790 $ 130,210


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 58,390 4.84 $ 40.47 $ 84,180
Agencies, Brokerages, and Other Insurance Related Activities 38,150 2.99 $ 39.50 $ 82,150
Management of Companies and Enterprises 3,530 0.13 $ 36.86 $ 76,660
Credit Intermediation and Related Activities (5221 and 5223 only) 1,990 0.10 $ 40.02 $ 83,250
Nondepository Credit Intermediation 1,250 0.20 $ 43.83 $ 91,170

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 58,390 4.84 $ 40.47 $ 84,180
Agencies, Brokerages, and Other Insurance Related Activities 38,150 2.99 $ 39.50 $ 82,150
Nondepository Credit Intermediation 1,250 0.20 $ 43.83 $ 91,170
Management of Companies and Enterprises 3,530 0.13 $ 36.86 $ 76,660
Credit Intermediation and Related Activities (5221 and 5223 only) 1,990 0.10 $ 40.02 $ 83,250

Top paying industries for Insurance Underwriters:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Nondepository Credit Intermediation 1,250 0.20 $ 43.83 $ 91,170
Insurance and Employee Benefit Funds (8) (8) $ 42.10 $ 87,580
Insurance Carriers 58,390 4.84 $ 40.47 $ 84,180
Credit Intermediation and Related Activities (5221 and 5223 only) 1,990 0.10 $ 40.02 $ 83,250
Agencies, Brokerages, and Other Insurance Related Activities 38,150 2.99 $ 39.50 $ 82,150


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 2022


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 10,540 0.81 1.13 $ 34.84 $ 72,460
New York 7,910 0.87 1.21 $ 50.32 $ 104,670
Illinois 7,590 1.29 1.80 $ 37.81 $ 78,650
California 7,080 0.40 0.56 $ 46.65 $ 97,030
Florida 6,490 0.70 0.98 $ 34.88 $ 72,550


Map of location quotient of insurance underwriters by state, May 2022


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 2,520 1.55 2.16 $ 46.88 $ 97,500
Iowa 2,230 1.47 2.05 $ 35.90 $ 74,680
Georgia 6,090 1.32 1.84 $ 42.27 $ 87,920
Illinois 7,590 1.29 1.80 $ 37.81 $ 78,650
Nebraska 1,130 1.17 1.63 $ 35.03 $ 72,850


Map of annual mean wages of insurance underwriters by state, May 2022


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 170 0.24 0.34 $ 52.96 $ 110,150
New York 7,910 0.87 1.21 $ 50.32 $ 104,670
Massachusetts 2,310 0.65 0.90 $ 47.72 $ 99,260
New Jersey 3,100 0.75 1.05 $ 47.30 $ 98,390
Connecticut 2,520 1.55 2.16 $ 46.88 $ 97,500



Map of employment of insurance underwriters by area, May 2022


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 7,760 0.84 1.18 $ 52.19 $ 108,550
Atlanta-Sandy Springs-Roswell, GA 4,910 1.80 2.51 $ 42.96 $ 89,360
Dallas-Fort Worth-Arlington, TX 4,880 1.28 1.79 $ 35.54 $ 73,930
Chicago-Naperville-Elgin, IL-IN-WI 4,760 1.08 1.50 $ 41.89 $ 87,120
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 3,220 1.16 1.63 $ 47.96 $ 99,750
Los Angeles-Long Beach-Anaheim, CA 2,590 0.42 0.59 $ 46.81 $ 97,360
Phoenix-Mesa-Scottsdale, AZ 2,220 1.00 1.40 $ 35.28 $ 73,390
Tampa-St. Petersburg-Clearwater, FL 1,900 1.39 1.94 $ 34.10 $ 70,920
Boston-Cambridge-Nashua, MA-NH 1,780 0.66 0.92 $ 48.00 $ 99,840
Hartford-West Hartford-East Hartford, CT 1,740 3.13 4.37 $ 45.35 $ 94,320


Map of location quotient of insurance underwriters by area, May 2022


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)
Des Moines-West Des Moines, IA 1,190 3.22 4.49 $ 37.44 $ 77,870
Hartford-West Hartford-East Hartford, CT 1,740 3.13 4.37 $ 45.35 $ 94,320
Lansing-East Lansing, MI 620 3.05 4.26 $ 32.27 $ 67,120
Chattanooga, TN-GA 560 2.22 3.11 $ 35.34 $ 73,500
Florence, SC 180 2.09 2.92 $ 26.89 $ 55,920
Portland-South Portland, ME 410 2.01 2.81 $ 42.89 $ 89,200
Utica-Rome, NY 230 2.01 2.81 $ 40.80 $ 84,870
Atlanta-Sandy Springs-Roswell, GA 4,910 1.80 2.51 $ 42.96 $ 89,360
Goldsboro, NC 70 1.72 2.40 $ 36.66 $ 76,240
Omaha-Council Bluffs, NE-IA 770 1.64 2.29 $ 34.71 $ 72,200


Map of annual mean wages of insurance underwriters by area, May 2022


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 320 0.81 1.13 $ 58.70 $ 122,100
San Jose-Sunnyvale-Santa Clara, CA 120 0.10 0.14 $ 54.13 $ 112,580
San Francisco-Oakland-Hayward, CA 880 0.37 0.51 $ 52.81 $ 109,840
New York-Newark-Jersey City, NY-NJ-PA 7,760 0.84 1.18 $ 52.19 $ 108,550
Santa Rosa, CA 70 0.35 0.50 $ 51.28 $ 106,670
Dover-Durham, NH-ME 40 0.73 1.02 $ 49.24 $ 102,410
Boston-Cambridge-Nashua, MA-NH 1,780 0.66 0.92 $ 48.00 $ 99,840
Seattle-Tacoma-Bellevue, WA 1,070 0.53 0.73 $ 47.98 $ 99,810
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 3,220 1.16 1.63 $ 47.96 $ 99,750
Los Angeles-Long Beach-Anaheim, CA 2,590 0.42 0.59 $ 46.81 $ 97,360

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 380 1.97 2.75 $ 37.87 $ 78,770
Central East New York nonmetropolitan area 250 1.60 2.23 $ 41.21 $ 85,720
Southeast Minnesota nonmetropolitan area 150 1.03 1.44 $ 41.55 $ 86,420
Kansas nonmetropolitan area 130 0.35 0.48 $ 29.72 $ 61,820
Northern Vermont nonmetropolitan area 100 1.50 2.10 $ 32.83 $ 68,280

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 380 1.97 2.75 $ 37.87 $ 78,770
Central East New York nonmetropolitan area 250 1.60 2.23 $ 41.21 $ 85,720
Northern Vermont nonmetropolitan area 100 1.50 2.10 $ 32.83 $ 68,280
Southeast Minnesota nonmetropolitan area 150 1.03 1.44 $ 41.55 $ 86,420
Central New Hampshire nonmetropolitan area 60 0.70 0.97 $ 36.47 $ 75,860

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 0.46 0.64 $ 49.15 $ 102,220
Southeast Minnesota nonmetropolitan area 150 1.03 1.44 $ 41.55 $ 86,420
Central East New York nonmetropolitan area 250 1.60 2.23 $ 41.21 $ 85,720
Northeastern Wisconsin nonmetropolitan area 380 1.97 2.75 $ 37.87 $ 78,770
Southern Pennsylvania nonmetropolitan area 90 0.49 0.69 $ 37.65 $ 78,300


About May 2022 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.

(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 2022 National Occupational Employment and Wage Estimates

May 2022 State Occupational Employment and Wage Estimates

May 2022 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2022 National Industry-Specific Occupational Employment and Wage Estimates

May 2022 Occupation Profiles

Technical Notes

 

Last Modified Date: April 25, 2023