Exam P

IFoA exam pass marks and how a pass is decided

The IFoA publishes no pass rates on its public website. Each exam's pass mark is agreed by its Chief Examiner every sitting. Work out your combined mark below.

Exam

From the examiners' report for your sitting.

Combined mark

Enter your paper marks

How a pass is decided

Pass markAgreed by the Chief Examiner during marking; can change each sitting
CM1, CM2, CS1, CS2Paper A 70%, Paper B 30%, one pass mark
CP1Paper 1 and Paper 2, 50% each
MarkingTwo markers on every script, blind to each other
Remarked by a senior examinerTwo marks either side of the pass mark, or two fails averaging within 2 marks of it

The IFoA's marking guidelines · Past papers and examiners' reports

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US actuarial exam pass rates · Exam P pass rates

Questions people ask

What are the IFoA exam pass rates?

The IFoA does not publish pass rates on its public website. Past papers and examiners' reports have been on its members' learning site since 15 October 2025.

What is the IFoA pass mark?

There is no fixed pass mark. The Chief Examiner agrees it during marking, and it can change each sitting, for example with the difficulty of the paper.

How are CM and CS papers combined?

Paper A counts for 70% and Paper B for 30%. A two-paper exam has one pass mark for the combined mark.

How are CP1 papers combined?

Paper 1 and Paper 2 count for 50% each.

Is my IFoA script marked twice?

Yes. Every script is marked by two markers who do not know each other's marks. A senior examiner remarks scripts whose two marks fall either side of the pass mark, or both fail with an average within 2 marks of it.