Actuarial Exam Pass Rates

Historical pass rate data for all 7 preliminary actuarial exams. Use this data to set realistic expectations and plan your study strategy.

Average Pass Rates Overview

Exam P

47%

average pass rate

Exam FM

52%

average pass rate

Exam SRM

50%

average pass rate

Exam STAM

42%

average pass rate

Exam LTAM

43%

average pass rate

Exam MAS-I

40%

average pass rate

Exam MAS-II

45%

average pass rate

Detailed Pass Rate History

Exam P

Probability

Stable
Jan 2024
48.1%
May 2024
45.7%
Sep 2024
46.3%
Jan 2025
47.9%

Exam FM

Financial Mathematics

Stable
Jan 2024
53.2%
May 2024
50.8%
Sep 2024
51.4%
Jan 2025
52.1%

Exam SRM

Statistics for Risk Modeling

Stable
Jan 2024
51%
May 2024
49.3%
Sep 2024
48.7%
Jan 2025
50.5%

Exam STAM

Short-Term Actuarial Mathematics

Declining
Jan 2024
43.5%
May 2024
41.2%
Sep 2024
40.8%
Jan 2025
42%

Exam LTAM

Long-Term Actuarial Mathematics

Stable
Jan 2024
44.1%
May 2024
42.7%
Sep 2024
41.9%
Jan 2025
43.5%

Exam MAS-I

Modern Actuarial Statistics I

Stable
Spring 2024
41.3%
Fall 2024
39.8%
Spring 2025
40.2%

Exam MAS-II

Modern Actuarial Statistics II

Stable
Spring 2024
46%
Fall 2024
44.5%
Spring 2025
45.1%

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