CASFellowshipFCAS track
CAS Exam 8 Pass Rates
Exam 8: Advanced Ratemaking
38.4%
Spring 2026 raw pass rate
−6.9 ptsvs 45.3% in Fall 2025
- All-time high
- 48.2%Fall 2023
- All-time low
- 22.2%Fall 2011
- Average
- 39.2%across 17 sittings
- Std. deviation
- 6.4 ptssitting to sitting
- Candidates tracked
- 11,8332011 to 2026
- Sittings
- 17all counted
Raw pass rate
Every Exam 8 sitting
| Sitting | Candidates | Passed | Raw rate | Effective rate |
|---|---|---|---|---|
| Spring 2026 | 476 | 183 | 38.4% | 39.5% |
| Fall 2025 | 614 | 278 | 45.3% | 47.0% |
| Fall 2024 | 898 | 359 | 40.0% | 42.1% |
| Fall 2023 | 875 | 422 | 48.2% | 51.1% |
| Fall 2022 | 870 | 329 | 37.8% | 39.8% |
| Fall 2021 | 900 | 316 | 35.1% | 38.5% |
| Spring 2021 | 174 | 66 | 37.9% | 42.0% |
| Fall 2020 | 228 | 86 | 37.7% | 41.1% |
| Fall 2019 | 1,080 | 376 | 34.8% | 37.0% |
| Fall 2018 | 953 | 314 | 32.9% | 35.1% |
| Fall 2017 | 945 | 376 | 39.8% | 47.7% |
| Fall 2016 | 791 | 301 | 38.1% | 40.2% |
| Fall 2015 | 771 | 313 | 40.6% | 42.2% |
| Fall 2014 | 729 | 350 | 48.0% | 50.2% |
| Fall 2013 | 592 | 283 | 47.8% | 49.3% |
| Fall 2012 | 519 | 218 | 42.0% | 43.7% |
| Fall 2011 | 418 | 93 | 22.2% | 23.9% |
About Exam 8
Exam 8 covers classification ratemaking, excess and deductible pricing, and individual risk rating. It is normally offered once a year in the fall; 2020 and 2021 saw split sittings during the pandemic disruption.
Data: Casualty Actuarial Society official exam statistics, 2011 to 2026. Last updated July 5, 2026.