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SOA GI FREU Pass Rates

GI FREU: Financial and Regulatory Environment (U.S.)

53.3% April/May 2025 raw pass rate +3.3 ptsvs 50.0% in October/November 2024
All-time high
66.7%July 2020
All-time low
16.7%April/May 2021
Average
47.1%across 21 sittings
Std. deviation
13.0 ptssitting to sitting
Candidates tracked
2072014 to 2025
Sittings
21of 23 on record
Raw pass rate
5%15%25%35%45%55%65%75%85%95%201420162018202020222024 April/May 2025 · 53.3%
Raw pass rate = passed / candidates sitting. Effective rate excludes candidates whose papers the society judged too incomplete to be realistic attempts. Hollow markers are micro-sittings left out of the computed statistics.

Every GI FREU sitting

GI FREU pass rate by sitting: candidates, passed, raw rate, effective rate. Newest first.
Sitting Candidates Passed Raw rate Effective rate
April/May 2025 30 16 53.3% 59.3%
October/November 2024 20 10 50.0% 55.6%
April/May 2024 14 7 50.0% 53.8%
October/November 2023 13 5 38.5% 41.7%
April/May 2023 17 7 41.2% 50.0%
October/November 2022 10 5 50.0% 62.5%
April/May 2022 8 3 37.5% 60.0%
October/November 2021 12 6 50.0% 54.5%
April/May 2021 6 1 16.7% 20.0%
October/November 2020 9 5 55.6% 62.5%
July 2020 6 4 66.7% 66.7%
October/November 2019 8 5 62.5% 62.5%
May 2019 11 4 36.4% 40.0%
October/November 2018 6 2 33.3% 33.3%
April 2018 5 2 40.0% 40.0%
October/November 2017 9 5 55.6% 55.6%
May 2017 6 3 50.0% 50.0%
October/November 2016 6 4 66.7% 66.7%
May 2016 5 3 60.0% 60.0%
October/November 2015 4 1 25.0% 25.0%
April/May 2015 1 1 100.0% 100.0%
October/November 2014 2 1 50.0% 50.0%
April/May 2014 1 1 100.0% 100.0%

† Micro-sitting excluded from the computed statistics above (it still appears on the chart and in this table).

About GI FREU

The US financial and regulatory environment exam of the General Insurance track, offered from 2014 until the 2025 course-based pathway redesign.

Data: Society of Actuaries official exam statistics, 2014 to 2025. Last updated July 5, 2026.

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