Insurance Underwriters Salary Trend (2011–2024)
Historical salary and employment data from the U.S. Bureau of Labor Statistics.
Median Salary in 2024
$79,880
↑ 31.3% since 2011
Median Salary Over Time
Insurance Underwriters — Median Annual Salary
Employment Over Time
Insurance Underwriters — Total Employment
Key Insights
📈Salaries grew 31.3% since 2011 ($60,830 → $79,880)
🏆Peak year: 2024 at $79,880
🦠COVID impact: Salary rose 2.5% from 2019 to 2020, likely reflecting workforce composition changes.
💰After inflation (~3%/yr), real growth is approximately -11%
Year-by-Year Salary Data
| Year | Median Salary | YoY Change |
|---|---|---|
| 2024 | $79,880 | +2.6% |
| 2023 | $77,860 | +2.1% |
| 2022 | $76,230 | -0.2% |
| 2021 | $76,390 | +6.4% |
| 2020 | $71,790 | +2.5% |
| 2019 | $70,020 | +0.9% |
| 2018 | $69,380 | -0.5% |
| 2017 | $69,760 | +3.1% |
| 2016 | $67,680 | +4.1% |
| 2015 | $65,040 | +1.3% |
| 2014 | $64,220 | +0.7% |
| 2013 | $63,780 | +1.4% |
| 2012 | $62,870 | +3.4% |
| 2011 | $60,830 | — |
Data Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), 2011–2024. All figures are annual median wages in nominal dollars.