The Institute of Actuaries of India (IAI) has released the results for the November 2025 Actuarial Examination session. The result statistics provide valuable insights into the overall performance of candidates across various actuarial subjects including CM, CS, and CB series.
Below is the subject-wise analysis of the number of students appeared, number of students passed, and the corresponding pass percentages.
Subject-wise Result Statistics – November 2025
| Subject | Students Appeared | Students Passed | Pass Percentage |
| CM1 | 782 | 80 | 10% |
| CM2 | 315 | 175 | 56% |
| CS1 | 644 | 187 | 29% |
| CS2 | 346 | 137 | 40% |
| CB1 | 718 | 153 | 21% |
| CB2 | 830 | 496 | 60% |
| CB3 | 400 | 245 | 61% |
Key Insights
- CM1 recorded the lowest pass rate at 10%, highlighting the challenging nature of the subject.
- CB3 achieved the highest pass rate at 61%, followed closely by CB2 with 60%.
- Core actuarial subjects like CS1 and CS2 showed moderate pass percentages of 29% and 40% respectively.
- The CM2 paper performed relatively well with a 56% pass rate, indicating stronger performance among candidates.
These statistics help actuarial aspirants understand the difficulty level of different subjects and the competitive nature of actuarial examinations conducted by IAI.
Students preparing for upcoming actuarial exams should analyze these trends and focus on building strong conceptual understanding along with consistent practice.