Willys Flashcards Download
CASUpperACAS track

CAS Exam 5 Pass Rates

Exam 5: Basic Techniques for Ratemaking and Estimating Claim Liabilities

38.3% Spring 2026 raw pass rate −9.6 ptsvs 47.9% in Fall 2025
All-time high
60.2%Spring 2018
All-time low
27.3%Spring 2011
Average
39.4%across 28 sittings
Std. deviation
8.4 ptssitting to sitting
Candidates tracked
22,3502011 to 2026
Sittings
28all counted
Raw pass rate
20%30%40%50%60%70%20112013201520172019202120232025 Spring 2026 · 38.3%
Raw pass rate = passed / candidates sitting. Effective rate excludes candidates whose papers the society judged too incomplete to be realistic attempts.

Every Exam 5 sitting

Exam 5 pass rate by sitting: candidates, passed, raw rate, effective rate. Newest first.
Sitting Candidates Passed Raw rate Effective rate
Spring 2026 851 326 38.3% 42.3%
Fall 2025 862 413 47.9% 53.1%
Spring 2025 885 340 38.4% 43.0%
Fall 2024 867 313 36.1% 41.0%
Spring 2024 952 506 53.2% 57.6%
Fall 2023 885 300 33.9% 38.5%
Spring 2023 1,109 493 44.5% 49.5%
Fall 2022 757 255 33.7% 36.8%
Spring 2022 683 249 36.5% 40.6%
Fall 2021 643 186 28.9% 33.6%
Spring 2021 603 276 45.8% 50.9%
Fall 2020 929 518 55.8% 59.5%
Fall 2019 732 212 29.0% 32.2%
Spring 2019 734 294 40.1% 42.6%
Fall 2018 600 187 31.2% 33.8%
Spring 2018 928 559 60.2% 63.3%
Fall 2017 752 301 40.0% 42.9%
Spring 2017 783 338 43.2% 45.3%
Fall 2016 767 292 38.1% 41.1%
Spring 2016 838 392 46.8% 48.8%
Fall 2015 780 243 31.2% 33.4%
Spring 2015 784 275 35.1% 37.8%
Fall 2014 733 258 35.2% 37.7%
Spring 2014 785 305 38.9% 41.9%
Fall 2013 732 238 32.5% 34.9%
Spring 2013 828 263 31.8% 34.0%
Spring 2012 895 431 48.2% 51.0%
Spring 2011 653 178 27.3% 30.4%

About Exam 5

Exam 5 is the CAS's core ratemaking and reserving exam and the first of the written-answer upper exams most candidates attempt. It has been offered continuously since 2011, moving from one to two sittings a year in 2013.

Data: Casualty Actuarial Society official exam statistics, 2011 to 2026. Last updated July 5, 2026.

Related reading on actuary.info

More CAS exams

MAS-I MAS-II Exam 6-Canada Exam 6-Intl Exam 6-US Exam 7 Exam 8 Exam 9 PCPA All exams