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Actuarial Exam Pass Rates

Pass rates for every current CAS and SOA exam, charted sitting by sitting from the societies' official statistics. CAS histories run from 2011, SOA preliminary exams from 2007, including recently retired exams for candidates comparing eras.

Last updated July 5, 2026 · Sources: CAS Exams Results & Summary of Exam Statistics; SOA published pass rates · New to the exams? Start with the guide

Latest results CAS MAS-I Spring 2026: 43.4% · one of 9 exams reporting Biggest gain SOA EA-2L +22.4 pts to 70.3% in April/May 2025 Biggest drop CAS Exam 5 −9.6 pts to 38.3% in Spring 2026

Current exams

CASPreliminary

MAS-I

Modern Actuarial Statistics I

43.4%
Spring 2026 −6.8 pts
CASPreliminary

MAS-II

Modern Actuarial Statistics II

49.4%
Spring 2026 −4.1 pts
CASUpper

Exam 5

Basic Techniques for Ratemaking and Estimating Claim Liabilities

38.3%
Spring 2026 −9.6 pts
CASUpper

Exam 6-Canada

Regulation and Financial Reporting (Canada)

40.7%
Spring 2026 +3.0 pts
CASUpper

Exam 6-Intl

Regulation and Financial Reporting (International)

35.3%
Fall 2025 +13.1 pts
CASUpper

Exam 6-US

Regulation and Financial Reporting (United States)

36.4%
Spring 2026 +5.6 pts
CASFellowship

Exam 7

Advanced Estimation of Claims Liabilities

23.7%
Spring 2026 −7.4 pts
CASFellowship

Exam 8

Advanced Ratemaking

38.4%
Spring 2026 −6.9 pts
CASFellowship

Exam 9

Financial Risk and Rate of Return

55.0%
Spring 2026 +12.3 pts
CASUpper

PCPA

Property-Casualty Predictive Analytics

67.5%
Spring 2026 first sitting
SOAPreliminary

Exam P

Probability

46.2%
March 2026 −3.0 pts
SOAPreliminary

Exam FM

Financial Mathematics

48.8%
April 2026 +2.9 pts
SOAPreliminary

Exam FAM

Fundamentals of Actuarial Mathematics

60.6%
February 2026 +6.1 pts
SOAPreliminary

Exam SRM

Statistics for Risk Modeling

71.2%
January 2026 +3.3 pts
SOAPreliminary

Exam ASTAM

Advanced Short-Term Actuarial Mathematics

50.9%
April 2026 +6.7 pts
SOAPreliminary

Exam ALTAM

Advanced Long-Term Actuarial Mathematics

45.8%
April 2026 −1.0 pts
SOAPreliminary

Exam PA

Predictive Analytics

65.0%
April 2026 −1.7 pts
SOAUpper

EA-1

Enrolled Actuaries Basic Examination

54.5%
April/May 2025 +7.2 pts
SOAUpper

EA-2F

Enrolled Actuaries Pension Examination, Segment F

59.7%
November 2025 +8.2 pts
SOAUpper

EA-2L

Enrolled Actuaries Pension Examination, Segment L

70.3%
April/May 2025 +22.4 pts
SOAFellowship

CFE 101

Corporate Finance and ERM, Course 101

58.5%
March 2026 +17.7 pts
SOAFellowship

CFE 201

Corporate Finance and ERM, Course 201

51.1%
March 2026 −5.0 pts
SOAFellowship

GH 101

Group and Health, Course 101

59.4%
March 2026 +6.3 pts
SOAFellowship

GH 201-C

Group and Health, Course 201 (Canada)

60.0%
March 2026 +2.9 pts
SOAFellowship

GH 201-U

Group and Health, Course 201 (United States)

53.8%
March 2026 −2.4 pts
SOAFellowship

GH 301

Group and Health, Course 301

53.7%
March 2026 −8.6 pts
SOAFellowship

GI 101

General Insurance, Course 101

66.7%
March 2026 +0.6 pts
SOAFellowship

GI 201

General Insurance, Course 201

64.0%
March 2026 +9.8 pts
SOAFellowship

GI 301

General Insurance, Course 301

50.0%
March 2026 +4.5 pts
SOAFellowship

ILA 101

Individual Life and Annuities, Course 101

42.5%
March 2026 +1.9 pts
SOAFellowship

ILA 201-I

Individual Life and Annuities, Course 201 (International)

51.6%
March 2026 −0.3 pts
SOAFellowship

ILA 201-U

Individual Life and Annuities, Course 201 (United States)

59.6%
March 2026 +3.4 pts
SOAFellowship

INV 101

Investments, Course 101

50.7%
March 2026 +7.2 pts
SOAFellowship

INV 201

Investments, Course 201

41.9%
March 2026 +1.0 pts
SOAFellowship

RET 101

Retirement, Course 101

59.1%
March 2026 +2.9 pts
SOAFellowship

RET 201

Retirement, Course 201

58.3%
March 2026 +6.1 pts
SOAFellowship

RET 301

Retirement, Course 301

50.0%
March 2026 +7.1 pts
SOAFellowship

CP 311

Cross Practice, Course 311

28.6%
March 2026 −15.2 pts
SOAFellowship

CP 312

Cross Practice, Course 312

70.0%
March 2026 +26.2 pts
SOAFellowship

CP 321

Cross Practice, Course 321

57.7%
March 2026 −7.0 pts
SOAFellowship

CP 341

Cross Practice, Course 341

41.9%
March 2026 −1.9 pts
SOAFellowship

CP 351

Cross Practice, Course 351

43.6%
March 2026 +7.5 pts

Retired exams

No longer offered, kept for historical comparison. Several were replaced by exams above.

SOAPreliminaryRetired

Exam FAM-L

Fundamentals of Actuarial Mathematics, Long-Term

65.0%
July 2024 −1.0 pts
SOAPreliminaryRetired

Exam FAM-S

Fundamentals of Actuarial Mathematics, Short-Term

59.0%
July 2024 +9.4 pts
SOAPreliminaryRetired

Exam IFM

Investment and Financial Markets

48.1%
November 2022 −0.5 pts
SOAPreliminaryRetired

Exam STAM

Short-Term Actuarial Mathematics

44.5%
June 2022 −7.8 pts
SOAPreliminaryRetired

Exam LTAM

Long-Term Actuarial Mathematics

46.4%
April 2022 −1.2 pts
SOAPreliminaryRetired

Exam MLC

Models for Life Contingencies

37.3%
April 2018 −7.3 pts
SOAPreliminaryRetired

Exam MFE

Models for Financial Economics

49.2%
March 2018 −3.0 pts
SOAPreliminaryRetired

Exam C

Construction and Evaluation of Actuarial Models

45.1%
June 2018 −1.8 pts
SOAFellowshipRetired

Exam ERM

Enterprise Risk Management

43.3%
April/May 2025 +10.9 pts
SOAFellowshipRetired

CFE FD

Foundations of CFE

52.2%
April/May 2025 −8.3 pts
SOAFellowshipRetired

CFE SDM

Strategic Decision Making

62.5%
April/May 2025 +3.2 pts
SOAFellowshipRetired

GI INT

Introduction to General Insurance

75.0%
May 2025 +17.9 pts
SOAFellowshipRetired

GI IRR

Introduction to Ratemaking and Reserving

50.0%
April/May 2025 −19.0 pts
SOAFellowshipRetired

GI FREU

Financial and Regulatory Environment (U.S.)

53.3%
April/May 2025 +3.3 pts
SOAFellowshipRetired

GI ADV

Advanced Topics in General Insurance

50.0%
April/May 2025 −12.5 pts
SOAFellowshipRetired

ILA LPM

Life Product Management

48.3%
April/May 2025 +3.3 pts
SOAFellowshipRetired

ILA LAM

Life ALM and Modeling

54.3%
April/May 2025 +4.4 pts
SOAFellowshipRetired

ILA LFMU

Life Financial Management (U.S.)

48.6%
April/May 2025 −3.0 pts
SOAFellowshipRetired

ILA LFMC

Life Financial Management (Canada)

48.8%
April/May 2025 +6.9 pts
SOAFellowshipRetired

QFI QF

Quantitative Finance

38.8%
April/May 2025 +8.7 pts
SOAFellowshipRetired

QFI IRM

Investment Risk Management

43.1%
April/May 2025 +3.3 pts
SOAFellowshipRetired

QFI PM

Portfolio Management

42.3%
April/May 2025 −4.6 pts
SOAFellowshipRetired

RET DAU

Design and Accounting (U.S.)

61.8%
April/May 2025 +2.3 pts
SOAFellowshipRetired

RET DAC

Design and Accounting (Canada)

68.0%
April/May 2025 +8.0 pts
SOAFellowshipRetired

RET FRC

Funding and Regulation (Canada)

60.0%
April/May 2025 +0.7 pts
SOAFellowshipRetired

RET RPIRM

Retirement Plan Investment and Risk Management

64.6%
April/May 2025 −2.1 pts
SOAFellowshipRetired

GH DP

Design and Pricing

43.1%
April/May 2025 −4.4 pts
SOAFellowshipRetired

GH FVU

Financial Valuation (U.S.)

51.5%
October/November 2022 +1.8 pts
SOAFellowshipRetired

GH FVC

Financial Valuation (Canada)

12.5%
October/November 2022 −47.5 pts
SOAFellowshipRetired

GH VRU

Valuation and Regulation (U.S.)

56.7%
April/May 2025 +5.3 pts
SOAFellowshipRetired

GH VRC

Valuation and Regulation (Canada)

38.5%
April/May 2025 −14.4 pts
SOAFellowshipRetired

GH RM

Risk Mitigation

51.8%
April/May 2025 +2.0 pts

About this data

Raw pass rate is candidates passing divided by candidates sitting. Where a society also publishes an effective rate, which screens out papers too incomplete to be realistic attempts, the exam page charts both. Figures come from the CAS Exams Results & Summary of Exam Statistics workbook (2011 to present) at casact.org and from the SOA's published pass lists at soa.org. We refresh this page after each results release; statistics on every exam page are recomputed from the underlying data on each update.

Reading on actuary.info: how CAS grading works and why Exam 7 broke its record, the 2026 CAS pathway changes, and the 2026 SOA exam changes.