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
Jan 2024
48.1%
May 2024
45.7%
Sep 2024
46.3%
Jan 2025
47.9%
Exam FM
Financial Mathematics
Jan 2024
53.2%
May 2024
50.8%
Sep 2024
51.4%
Jan 2025
52.1%
Exam SRM
Statistics for Risk Modeling
Jan 2024
51%
May 2024
49.3%
Sep 2024
48.7%
Jan 2025
50.5%
Exam STAM
Short-Term Actuarial Mathematics
Jan 2024
43.5%
May 2024
41.2%
Sep 2024
40.8%
Jan 2025
42%
Exam LTAM
Long-Term Actuarial Mathematics
Jan 2024
44.1%
May 2024
42.7%
Sep 2024
41.9%
Jan 2025
43.5%
Exam MAS-I
Modern Actuarial Statistics I
Spring 2024
41.3%
Fall 2024
39.8%
Spring 2025
40.2%
Exam MAS-II
Modern Actuarial Statistics II
Spring 2024
46%
Fall 2024
44.5%
Spring 2025
45.1%
How Long to Pass
Study hours per exam
Exam Schedule
2026 dates and fees
Salary Guide
Earnings by exam count
Career Guide
Full path to fellowship
Beat the Averages
Practice with 200+ flashcards and 30 mini exams per exam to maximize your chances of passing.
Start Practicing Free