Underwriter salary in Victoria
Updated 23 July 2026
Nationally, the median is $80,000 — Victoria sits $0 above the national figure. See the national picture →
Take-home on the median Underwriter salary of $80,000 — after $14,520 income tax and $1,600 Medicare levy (2026–27 resident, no HECS, private hospital cover).
What companies pay
Reported total pay for Underwriter roles by employer — medians include bonuses and other cash compensation, so they sit above base-salary figures.
| Company | Median total pay | Typical range |
|---|---|---|
| AIA Group★ 3.7 | $219,726 | $209,702 – $229,750 |
| Aon★ 3.9 | $201,507 | $193,126 – $209,888 |
| Victorian Managed Insurance Authority★ 2.9 | $137,000 | $135,000 – $139,000 |
| Berkshire Hathaway Specialty Insurance★ 4.0 | $112,500 | $100,000 – $125,000 |
| TAL★ 3.6 | $105,500 | $89,000 – $122,000 |
| Insurance Australia Group★ 3.7 | $92,500 | $85,000 – $100,000 |
| AXA XL★ 3.8 | $88,500 | $85,000 – $92,000 |
| Liberty Financial ★ 4.3 | $84,500 | $68,000 – $98,000 |
| Suncorp Group★ 3.7 | $82,000 | $64,000 – $100,000 |
| QBE★ 3.9 | $80,000 | $70,000 – $117,000 |
| Chubb★ 3.6 | $79,500 | $59,500 – $164,000 |
| Finite IT Recruitment★ 3.4 | $75,295 | $72,308 – $78,281 |
| Allianz★ 3.9 | $75,000 | $50,800 – $126,888 |
| CGU Insurance★ 3.4 | $68,500 | $60,000 – $100,000 |
| MUFG★ 3.5 | $67,750 | $65,096 – $70,403 |
| Marsh★ 3.9 | $62,989 | $60,535 – $65,444 |
| Strata Community Insurance Agencies★ 3.1 | $62,000 | $59,000 – $65,000 |
| Link Group★ 3.1 | $59,883 | $57,082 – $62,684 |
| Zurich Insurance★ 4.0 | $50,161 | $47,969 – $52,353 |
Underwriter pay by state
Median base salary and range where enough data exists — every figure labelled with its source.
New South Wales
Queensland
Western Australia
South Australia
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Salary figures are market estimates built from third-party data and community submissions — they show what the market pays, not what any individual employer will offer. Take-home figures are 2026–27 estimates for an Australian resident with private hospital cover and no HECS debt. General information only — not financial or tax advice.