Actuarial exam pass rates by exam
Exam P (Probability)
46.7% passed
46.7% passed Exam P in July 2026, up from 44.7% in May 2026.
| Window | Pass rate | Candidates |
|---|---|---|
| July 2026 | 46.7% | 2,925 |
| May 2026 | 44.7% | 1,952 |
| March 2026 | 46.2% | 2,117 |
| January 2026 | 49.2% | 2,363 |
| November 2025 | 43.4% | 2,135 |
| September 2025 | 45.0% | 2,154 |
| July 2025 | 46.0% | 2,832 |
| May 2025 | 43.0% | 1,854 |
| March 2025 | 45.0% | 1,997 |
| January 2025 | 47.1% | 2,210 |
| November 2024 | 45.1% | 1,894 |
| September 2024 | 47.4% | 1,837 |
| July 2024 | 47.2% | 2,457 |
| May 2024 | 43.7% | 1,874 |
| March 2024 | 44.3% | 1,857 |
| January 2024 | 46.4% | 1,965 |
Your result
46.7% passed. 46.7% passed Exam P in July 2026, up from 44.7% in May 2026. Exam P's latest rate, 46.7%, is the 5th highest of the 7 exams.
Start on Exam P
The actuarial Exam P pass rate was 46.7% in July 2026, and Exam ALTAM had the lowest latest rate at 45.8%.
Every exam from the highest pass rate to the lowest
| Exam | Latest | Range |
|---|---|---|
| Exam SRM (Statistics for Risk Modeling) | 67.7% in May 2026 | 64.0% to 71.2% |
| Exam PA (Predictive Analytics) | 65.1% in April 2026 | 64.6% to 66.7% |
| Exam FAM (Fundamentals of Actuarial Mathematics) | 57.0% in July 2026 | 53.3% to 60.6% |
| Exam ASTAM (Advanced Short-Term Actuarial Mathematics) | 50.9% in April 2026 | 38.9% to 61.6% |
| Exam P (Probability) | 46.7% in July 2026 | 43.0% to 49.2% |
| Exam FM (Financial Mathematics) | 46.0% in June 2026 | 42.0% to 48.8% |
| Exam ALTAM (Advanced Long-Term Actuarial Mathematics) | 45.8% in April 2026 | 45.5% to 56.5% |
What the numbers say
- The computer-based exams state the percent correct needed: 71% for P and FM, 60.0% for FAM and 63% for SRM. The PA, ALTAM and ASTAM notices give none.
- The rate is the percent of all candidates who passed.
- Exam P pass rates in detail · Exam FM · Exam FAM
Questions people ask
What is the Exam P pass rate?
46.7% in July 2026. Every sitting since January 2024 was between 43.0% and 49.2%.
Which actuarial exam has the lowest pass rate?
ALTAM, at 45.8% in April 2026. Exam FM was 46.0% in June 2026.
Which has the highest?
SRM, at 67.7% in May 2026, then PA at 65.1% in April 2026.
What do you need to pass?
For the computer-based exams the notices give the percent correct needed: 71% for P and FM, 60.0% for FAM and 63% for SRM.
How we work this out
What it does
Pick an exam and a sitting to see its pass rate, and how the exam ranks against the other six on the way to ASA.
Exams P, FM, FAM, SRM, PA, ALTAM and ASTAM, every sitting from January 2024.
Method
- Each rate is the Society of Actuaries' published percent of candidates passing.
- The ranking orders the exams by their latest sitting.