$53,000
Avg. Base Salary (USD)
/ year
Avg. Base Salary (USD)
10%
$38k
MEDIAN
$53k
90%
$89k
The average salary for an Underwriter is $53,000 in 2025
Base Salary
$38k - $89k
Bonus
$0 - $12k
Total Pay
$37k - $103k
Is Average Underwriter with Loan Underwriting Skills Salary at The PNC Financial Services Group, Inc. your job title? Find out what you should be paid
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What Do Underwriters Do?
Underwriter Tasks
- Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
- Underwrite, submit, approve or pend coverage amounts and premiums, and present decisions to management.
- Monitor existing policies for compliance with company guidelines.
- Manage underwriting territory and select new business based on analysis of their profitability.
Find your market worth – how it works:
Common Health Benefits for a Underwriter
Medical
75%
Dental
67%
Vision
67%
None
17%
Gender Breakdown for Underwriters
Male
62.5%
Female
37.5%
This data is based on 8 survey responses. Learn more about the gender pay gap.
FAQs About Underwriters
What is the highest pay for Underwriters?
Our data indicates that the highest pay for an Underwriter is $89k / year
What is the lowest pay for Underwriters?
Our data indicates that the lowest pay for an Underwriter is $38k / year
How can Underwriters increase their salary?
Increasing your pay as an Underwriter is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Underwriter that oversees more junior Underwriters, this experience can increase the likelihood to earn more.