Summary of CAS Examination Statistics

CAS ADMINISTERED PRELIMINARY EXAMS

Exam S2008 F2008 S2009 F2009 S2010 F2010 S2011 F2011 S2012 F2012 S2013 F2013
3L Exams Taken 242 228 247 231 231 198 184 232 219 224 310 432
Passed 144 107 122 86 118 72 69 110 90 118 149 203
Raw Pass Ratio 59.5 46.9 49.4 37.2 51.1 36.4 37.5 47.4 41.1 52.7 48.1 47
Effective Pass Ratio 68.2 54.0 59.8 49.1 60.8 43.4 48.6 54.7 52.9 59.9 56.7 53.7

Exam S2014 F2014 S2015 F2015 S2016

LC Exams Taken 362 315 440 115 31
Passed 242 133 312 83 13
Raw Pass Ratio 66.9 42.2 70.9 72.2 41.9
Effective Pass Ratio 73.8 50.8 76.7 76.9 44.8

Exam S2014 F2014 S2015 F2015 S2016

ST Exams Taken 254 364 496 286 118
Passed 118 192 301 220 88
Raw Pass Ratio 46.5 52.7 60.7 76.9 74.6
Effective Pass Ratio 57.0 59.4 66.7 81.2 77.9

Exam F2015 S2016 F2016 S2017 F2017

S Exams Taken 177 322 451 560 635
Passed 61 133 240 294 402
Raw Pass Ratio 34.5 41.3 53.3 52.5 63.3
Effective Pass Ratio 49.6 46.3 57.6 57.3 66.7

2018 EDUCATION STRUCTURE

Exam S2018 F2018
MAS-I Exams Taken 499 846
Passed 229 259
Raw Pass Ratio 45.9 30.6
Effective Pass Ratio 50.3 36.4

Exam F2018
MAS-II Exams Taken 40
Passed 11
Raw Pass Ratio 27.5
Effective Pass Ratio 40.7

Exam S2011 S2012 S2013 F2013 S2014 F2014 S2015 F2015 S2016 F2016 S2017 F2017 S2018 F2018
5 Exams Taken 653 895 828 732 785 733 784 780 838 767 783 752 928 600
Passed 178 431 263 238 305 258 275 243 392 292 338 301 559 187
Raw Pass Ratio 27.3 48.2 31.8 32.5 38.9 35.1 35.1 31.2 46.8 38.1 43.2 40.0 60.2 31.2
Effective Pass Ratio 30.4 51.0 34.0 34.9 41.9 37.7 37.8 33.4 48.8 41.1 45.3 42.9 63.3 33.8

Exam F2011 F2012 F2013 S2014 F2014 S2015 F2015 S2016 F2016 S2017 F2017 S2018 F2018
6CN Exams Taken 155 185 128 116 101 96 99 95 133 97 119 103 155
Passed 38 56 43 52 41 44 36 37 58 41 57 44 49
Raw Pass Ratio 24.5 30.3 33.6 44.8 40.6 45.8 36.4 38.9 43.6 42.3 47.9 42.7 31.6
Effective Pass Ratio 28.1 33.1 34.7 46.0 42.3 50.0 37.1 41.1 46.0 43.2 54.8 44.4 33.6

Historic 1990-2018 Confidential Page 1 of 6

 Summary of CAS Examination Statistics

Exam F2011 F2012 F2013 S2014 F2014 S2015 F2015 S2016 F2016 S2017 F2017 S2018 F2018
6US Exams Taken 1002 1108 615 539 507 487 502 504 567 497 518 464 621
Passed 194 407 249 221 195 211 174 199 292 211 257 211 274
Raw Pass Ratio 19.4 36.7 40.5 41.0 38.5 43.3 34.7 39.5 51.5 42.5 49.6 45.5 44.1
Effective Pass Ratio 21.6 40.1 42.6 43.2 41.0 45.7 37.1 43.0 54.9 45.0 53.9 49.4 48.2

Exam S2011 S2012 S2013 S2014 S2015 S2016 S2017 S2018

7 Exams Taken 9 135 342 300 459 603 829 897
Passed 1 58 101 173 224 226 399 343
Raw Pass Ratio 11.1 43.0 29.5 57.7 48.9 37.5 48.1 38.2
Effective Pass Ratio 12.5 46.4 32.3 58.8 49.8 39.0 49.6 40.3

Exam F2011 F2011 F2013 F2014 F2015 F2016 F2017 F2018

8 Exams Taken 418 519 592 729 771 791 945 953
Passed 93 218 283 350 313 301 376 314
Raw Pass Ratio 22.2 42.0 47.8 48.0 40.6 38.1 39.8 32.9
Effective Pass Ratio 23.9 43.7 49.3 50.2 42.2 40.2 47.7 35.1

Exam S2011 S2012 S2013 S2014 S2015 S2016 S2017 S2018

9 Exams Taken 958 752 566 418 458 521 514 596
Passed 354 327 219 201 185 254 290 312
Raw Pass Ratio 37.0 43.5 38.7 48.1 40.4 48.8 56.4 52.4
Effective Pass Ratio 39.0 44.7 40.9 50.1 42.0 50.4 57.7 54.1

Online Course Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sp-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sept-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15
C1 Exams Taken 173 173 264 184 129 169 228 206 182 156 271 152 232 214 282 194 247 253 289
Passed 160 148 221 161 111 135 180 156 142 118 199 128 165 170 202 196 198 199 224
Raw Pass Ratio 92.5 85.5 83.7 87.5 86.0 79.9 78.9 75.7 78.0 75.6 73.4 84.2 71.1 79.4 71.6 83.5 80.2 78.7 77.5
Effective Pass Ratio 92.5 85.5 83.7 87.5 86.7 79.9 78.9 75.7 78.0

Online Course (continued) Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-19
C1 Exams Taken 214 220 137 228 231 202 195 271 204 222 242 366
Passed 161 166 172 186 176 154 155 211 148 155 164 256
Raw Pass Ratio 75.2 75.5 79.7 81.6 76.2 76.2 79.5 77.9 72.5 69.8 67.8 70.0
Effective Pass Ratio

Online Course Jun-11 Sep-11 Dec-11 Mar-12 Jun12 Sp-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sept-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15
C2 Exams Taken 313 205 381 227 174 121 232 234 194 119 207 115 193 195 255 179 212 221 281
Passed 295 182 292 195 136 96 173 182 147 93 156 89 143 125 169 126 151 143 182
Raw Pass Ratio 94.2 88.8 76.6 85.9 78.2 79.3 74.6 77.7 75.8 78.2 75.4 77.4 74.1 64.1 66.3 70.4 71.2 64.7 64.8
Effective Pass Ratio 94.2 88.8 76.6 85.9 78.2 79.3 74.6 77.7 76.6

Online Course (continued) Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-19
C2 Exams Taken 238 219 152 238 218 156 182 261 161 183 190 336
Passed 173 166 184 187 161 118 147 204 137 125 114 239
Raw Pass Ratio 72.7 75.8 82.6 78.6 73.9 75.6 80.8 78.2 85.1 68.3 60.0 71.0
Effective Pass Ratio

Historic 1990-2018 Confidential Page 2 of 6

 Summary of CAS Examination Statistics

PREVIOUSLY ADMINISTERED JOINT EXAMS

Exam S2000 F2000 S2001 F2001 S2002 F2002 S2003 F2003 S2004 F2004 S2005 F2005 W2006 Sp2006 Su2006 F2006 W2007 Sp2007

1 Exams Taken 2667 2526 3498 3508 4860 4740 5398 5647 6577 5432 6374 2995 3501 3051 2898 2748 3050 3519
Passed 618 857 1167 1178 2096 1713 2057 2313 2225 1993 2485 1103 1316 1064 1002 908 1138 1289
Raw Pass Ratio 23.2 33.9 33.4 33.6 43.1 36.1 38.1 41.0 33.8 36.7 39.0 36.8 37.6 34.9 34.6 33.0 37.3 36.6
Effective Pass Ratio 26.3 36.7 37.4 37.9 46.5 41.5 41.3 46.5 38.5 40.6 44.6 43.1 43.4 41.0 40.6 38.3 44.2 41.7

1 (Continued) Su2007 Nov-07 Feb-08 May-08 Jul-08 Sep-08 Nov-08 Jan-09 Mar-09 My-09 Jul-09 Sep-09 Nov-09 Jan-10 M/A-10 M/J-10 J/A-10 S/O-10
Exams Taken 3705 3142 3416 3321 3022 2536 2627 2664 2888 3017 2751 2436 2596 2575 2571 2699 2681 1766
Passed 1341 1181 1494 1158 1127 895 955 1021 1110 1147 1047 943 1067 1094 1039 1239 1188 666
Raw Pass Ratio 36.2 37.6 43.7 34.9 37.3 35.3 36.4 38.3 38.4 38.0 38.1 38.7 41.1 42.5 40.4 45.9 44.3 37.7
Effective Pass Ratio 42.0 42.6 50.0 39.9 45.5 43.9 45.2 46.3 46.4 43.7 43.7 44.6 47.3 47.3 45.7 51.1 49.1 43.6

1 (Continued) Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11 Jan-12 Mar-12 May-12 Jul-12 Sep-12 Nov-12 Jan-13 Mar-13 May-13 Jul-13 Sep-13
Exams Taken 2127 3020 2154 3093 2851 2380 2574 2973 2342 2831 3188 2425 2558 3513 2888 2805 3543 2856
Passed 902 1350 891 1362 1136 947 1098 1243 891 1106 1250 880 965 1533 1149 1207 1509 1198
Raw Pass Ratio 42.4 44.7 41.4 44.0 39.8 39.8 42.7 41.8 38.0 39.1 39.2 36.3 37.7 43.6 39.8 43.0 42.6 41.9
Effective Pass Ratio 47.8 50.1 47.9 50.3 45.4 46.7 48.8 48.3 45.1 45.8 45.9 43.2 45.2 50.1 46.2 50.1 50.0 49.4

1 (Continued) 13-Nov
Exams Taken 2691
Passed 1138
Raw Pass Ratio 42.3
Effective Pass Ratio 49.3

Exam S2000 F2000 S2001 F2001 S2002 F2002 S2003 F2003 S2004 F2004 S2005 F2005 S2006 F2006 S2007 F2007 S2008 F2008
2 Exams Taken 1903 1952 2115 2115 2549 2758 2710 3356 3656 3525 5275 4446 4824 4444 4043 3792 4847 3968
Passed 509 629 676 860 949 1360 961 1314 945 1464 3857 1815 2185 1952 1929 1666 2357 1985
Raw Pass Ratio 26.7 32.2 32.0 40.7 37.2 49.3 35.5 39.2 25.8 41.5 73.1 40.8 45.3 43.9 47.7 43.9 48.6 50.0
Effective Pass Ratio 29.4 33.6 35.2 43.0 40.1 51.8 37.6 40.7 27.9 44.5 75.8 46.9 49.1 47.5 52.6 48.7 52.6 54.6

2 (Continued) S2009 Aug-09 Dec-09 Feb-10 May-10 Aug-10 Dec-10 Feb-11 Jun-11 Aug-11 Oct-11 Dec-11 Feb-12 Apr-12 Jun-12 Aug-12 Oct-12 Dec-12
Exams Taken 3620 3058 2911 2041 2772 2722 2499 2534 2824 2498 1618 1929 2027 1755 2376 2368 1655 1976
Passed 2027 1729 1398 1021 1439 1498 1177 1249 1404 1248 783 933 978 854 1145 1139 722 834
Raw Pass Ratio 56.0 56.5 48.0 50.0 51.9 55.0 47.1 49.3 49.7 50.0 48.4 48.4 48.2 48.7 48.2 48.1 43.6 42.2
Effective Pass Ratio 59.6 59.1 52.2 52.8 54.5 58.1 51.2 54.1 53.6 53.9 52.7 52.3 52.9 52.8 52.2 52.5 48.0 47.8

2 (Continued) 13-Feb 13-Apr 13-Jun 13-Aug 13-Oct 13-Dec

Exams Taken 2190 1884 2463 2672 1666 2305
Passed 949 840 1127 1240 693 985
Raw Pass Ratio 43.3 44.6 45.8 46.4 41.6 42.7
Effective Pass Ratio 48.7 50.3 50.1 51.6 45.9 48.0

Historic 1990-2018 Confidential Page 3 of 6

 Summary of CAS Examination Statistics

Exam S2000 F2000 S2001 F2001 S2002 F2002 S2003 F2003 S2004 F2004 S2005 F2005 S2006 F2006 S2007 F2007
3 Exams Taken 1375 1466 1526 1450 1776 1765 2077 231 364 368 339 346 375 368 357 369
Passed 438 528 651 605 745 705 820 101 112 133 136 116 133 115 121 227
Raw Pass Ratio 31.9 36.0 42.7 41.7 41.9 39.9 39.5 43.7 30.8 36.1 40.1 33.5 35.5 31.3 33.9 61.5
Effective Pass Ratio 36.5 39.3 46.2 45.6 46.4 43.4 42.8 51.5 38.1 42.2 47.4 41.7 43.9 40.6 42.5 69.4

Exam S2008 F2008 S2009 F2009 S2010 F2010 S2011 F2011 Apr-12 Aug-12 Nov-12 Mar-13 Jul-13 Nov-13
3F Exams Taken 2641 2768 3568 3217 3325 3232 3403 3353 2834 2267 2394 2676 2857 2303
Passed 1277 1215 1400 1116 1268 1140 1514 1421 1363 1094 1033 1289 1414 972
Raw Pass Ratio 48.4 43.9 39.2 34.7 38.2 35.3 44.5 42.4 48.1 48.3 43.1 48.2 49.5 42.2
Effective Pass Ratio 53.2 49.2 43.1 39.2 42.2 39.4 50.9 47.5 53.4 53.1 53.1 52.6 54.9 47.3

Exam S2000 F2000 S2001 F2001 S2002 F2002 S2003 F2003 S2004 F2004 S2005 F2005 S2006 F2006 S2007 F2007 S2008 F2008
4 Exams Taken 913 963 1008 1149 1272 1283 1215 1610 1728 2006 1580 1788 2119 2050 2079 1857 1848 1763
Passed 309 356 409 491 564 739 613 823 864 1032 835 905 1128 1157 887 926 868 769
Raw Pass Ratio 33.8 37.0 40.6 42.7 44.3 57.6 50.5 51.1 50.0 51.4 52.8 50.6 53.2 56.4 42.7 49.9 47.0 43.6
Effective Pass Ratio 37.3 41.0 43.3 46.5 47.7 60.3 51.8 53.5 52.1 53.9 55.0 52.7 56.0 59.3 44.9 51.8 49.4 45.3

4 (Continued) S2009 F2009 S2010 Aug-10 Nov-10 Feb-11 Jun-11 Oct-11 Feb-12 May-12 Oct-12 Feb-13 Jun-13 Oct-13
Exams Taken 1957 2198 1674 1252 1512 1470 1890 1962 1461 2008 1969 1728 2195 1909
Passed 746 959 702 552 612 598 745 858 665 904 908 786 934 749
Raw Pass Ratio 38.1 43.6 41.9 44.1 40.5 40.7 39.4 43.7 45.5 45.0 46.1 45.5 42.6 39.2
Effective Pass Ratio 40.1 47.9 45.0 47.5 45.1 45.9 44.3 49.8 50.5 50.3 50.4 49.8 47.1 43.5

2000-2010 Education Structure

Exam S2000 F2000 S2001 F2001 S2002 F2002 S2003 F2003 S2004 F2004 S2005 F2005 S2006 F2006 S2007 F2007 S2008 F2008
5 Exams Taken 606 n/a 524 n/a 458 n/a 497 n/a 563 n/a 679 n/a 708 n/a 892 n/a 911 n/a
Passed 216 n/a 190 n/a 199 n/a 214 n/a 229 n/a 313 n/a 286 n/a 396 n/a 428 n/a
Raw Pass Ratio 35.6 n/a 36.3 n/a 43.4 n/a 43.1 n/a 40.7 n/a 46.1 n/a 40.4 n/a 44.4 n/a 47.0 n/a
Effective Pass Ratio 42.9 n/a 43.7 n/a 49.4 n/a 46.1 n/a 42.9 n/a 50.0 n/a 45.1 n/a 47.8 n/a 50.5 n/a

5 (Continued) S2009 F2009 S2010 F2010

Exams Taken 853 n/a 843 n/a
Passed 354 n/a 389 n/a
Raw Pass Ratio 41.5 n/a 46.1 n/a
Effective Pass Ratio 43.9 n/a 48.5 n/a

Exam S2000 F2000 S2001 F2001 S2002 F2002 S2003 F2003 S2004 F2004 S2005 F2005 S2006 F2006 S2007 F2007 S2008 F2008
6 Exams Taken n/a 623 n/a 596 n/a 543 n/a 583 n/a 630 n/a 733 n/a 841 n/a 934 n/a 1005
Passed n/a 189 n/a 208 n/a 217 n/a 228 n/a 235 n/a 300 n/a 332 n/a 347 n/a 293
Raw Pass Ratio n/a 30.3 n/a 34.9 n/a 40.0 n/a 39.1 n/a 37.3 n/a 40.9 n/a 39.5 n/a 37.2 n/a 29.2
Effective Pass Ratio n/a 40.6 n/a 44.7 n/a 48.0 n/a 45.4 n/a 43.2 n/a 46.1 n/a 43.3 n/a 40.5 n/a 32.2

6 (Continued) S2009 F2009 S2010 F2010

Exams Taken n/a 1031 n/a 945
Passed n/a 445 n/a 403
Raw Pass Ratio n/a 43.2 n/a 42.6
Effective Pass Ratio n/a 46.0 n/a 46.0

Historic 1990-2018 Confidential Page 4 of 6

 Summary of CAS Examination Statistics

Exam S2000 F2000 S2001 F2001 S2002 F2002 S2003 F2003 S2004 F2004 S2005 F2005 S2006 F2006 S2007 F2007 S2008 F2008
7-CN Exams Taken 40 n/a 48 n/a 47 n/a 58 n/a 48 n/a 60 n/a 74 n/a 80 n/a 83 n/a
Passed 18 n/a 19 n/a 19 n/a 23 n/a 15 n/a 25 n/a 32 n/a 35 n/a 21 n/a
Raw Pass Ratio 45.0 n/a 39.6 n/a 40.4 n/a 39.7 n/a 31.3 n/a 41.7 n/a 43.2 n/a 43.8 n/a 25.3 n/a
Effective Pass Ratio 46.2 n/a 41.3 n/a 43.2 n/a 42.6 n/a 31.9 n/a 41.7 n/a 44.4 n/a 44.9 n/a 26.3 n/a

7-CN (Continued) S2009 F2009 S2010 F2010

Exams Taken 114 n/a 107 n/a
Passed 49 n/a 38 n/a
Raw Pass Ratio 43.0 n/a 35.5 n/a
Effective Pass Ratio 44.6 n/a 36.5 n/a

Exam S2000 F2000 S2001 F2001 S2002 F2002 S2003 F2003 S2004 F2004 S2005 F2005 S2006 F2006 S2007 F2007 S2008 F2008
7-US Exams Taken 516 n/a 494 n/a 442 n/a 378 n/a 373 n/a 405 n/a 449 n/a 459 n/a 575 n/a
Passed 202 n/a 203 n/a 207 n/a 164 n/a 163 n/a 182 n/a 208 n/a 181 n/a 273 n/a
Raw Pass Ratio 39.1 n/a 41.1 n/a 46.8 n/a 43.4 n/a 43.7 n/a 44.9 n/a 46.3 n/a 39.4 n/a 47.5 n/a
Effective Pass Ratio 46.9 n/a 45.0 n/a 50.2 n/a 44.8 n/a 45.2 n/a 47.4 n/a 48.4 n/a 41.6 n/a 48.8 n/a

7-US (Continued) S2009 F2009 S2010 F2010

Exams Taken 642 n/a 624 n/a
Passed 315 n/a 278 n/a
Raw Pass Ratio 49.1 n/a 44.6 n/a
Effective Pass Ratio 51.6 n/a 46.6 n/a

Exam S2000 F2000 S2001 F2001 S2002 F2002 S2003 F2003 S2004 F2004 S2005 F2005 S2006 F2006 S2007 F2007 S2008 F2008
8 Exams Taken 319 n/a 310 n/a 349 n/a 331 n/a 309 n/a 311 n/a 377 n/a 418 n/a 426 n/a
Passed 129 n/a 124 n/a 176 n/a 170 n/a 148 n/a 131 n/a 177 n/a 192 n/a 201 n/a
Raw Pass Ratio 40.4 n/a 40.0 n/a 50.4 n/a 51.4 n/a 47.9 n/a 42.1 n/a 46.9 n/a 45.9 n/a 47.2 n/a
Effective Pass Ratio 45.4 n/a 44.6 n/a 54.7 n/a 53.6 n/a 51.4 n/a 45.2 n/a 50.4 n/a 49.0 n/a 49.3 n/a

8 (Continued) S2009 F2009 S2010 F2010

Exams Taken 499 n/a 533 n/a
Passed 238 n/a 208 n/a
Raw Pass Ratio 47.7 n/a 39.0 n/a
Effective Pass Ratio 50.1 n/a 40.9 n/a

Exam S2000 F2000 S2001 F2001 S2002 F2002 S2003 F2003 S2004 F2004 S2005 F2005 S2006 F2006 S2007 F2007 S2008 F2008
9 Exams Taken n/a 324 n/a 308 n/a 299 n/a 338 n/a 360 n/a 416 n/a 469 n/a 607 n/a 585
Passed n/a 126 n/a 135 n/a 138 n/a 127 n/a 146 n/a 192 n/a 157 n/a 317 n/a 188
Raw Pass Ratio n/a 38.9 n/a 43.8 n/a 46.2 n/a 37.6 n/a 40.6 n/a 46.2 n/a 33.5 n/a 52.2 n/a 32.1
Effective Pass Ratio n/a 45.8 n/a 49.3 n/a 50.4 n/a 41.5 n/a 44.1 n/a 49.7 n/a 35.6 n/a 55.9 n/a 35.1

9 (Continued) S2009 F2009 S2010 F2010

Exams Taken n/a 627 n/a 712
Passed n/a 267 n/a 262
Raw Pass Ratio n/a 42.6 n/a 36.8
Effective Pass Ratio n/a 46.0 n/a 39.1

Historic 1990-2018 Confidential Page 5 of 6

 Summary of CAS Examination Statistics

1990-1999 Education Structure

Part S1991 F1991 S1992 F1992 S1993 F1993 S1994 F1994 S1995 F1995 F1995 F1996 F1996 F1997 S1998 F1998 S1999 F1999
3B Exams Taken 610 773 611 611 533 498 441 438 375 422 422 354 354 216 87 143 68 49
Passed 261 335 252 252 223 210 186 192 160 162 162 153 153 88 26 51 28 23
Raw Pass Ratio 42.8 43.3 41.2 41.2 41.8 42.2 42.2 43.8 42.7 38.3 38.3 43.2 43.2 40.7 29.9 35.7 41.2 46.9
Effective Pass Ratio 47.6 50.3 47.5 47.5 48.3 49.8 48.2 49.1 49.4 44.3 44.3 48.1 48.1 49.2 38.2 41.1 50 54.8

4A Exams Taken 778 n/a 892 892 704 522 486 451 448 413 413 363 363 482 428 463 448 401
Passed 278 n/a 316 316 243 236 211 166 177 135 135 125 125 176 170 120 159 182
Raw Pass Ratio 35.7 n/a 35.4 35.4 34.5 45.2 43.4 36.8 39.5 32.6 32.6 34.4 34.4 36.5 39.7 25.9 35.5 45.4
Effective Pass Ratio 43.3 n/a 43.5 43.5 43.5 52.4 53.3 45.7 47.3 43.8 43.8 42.7 42.7 45.0 49.7 33.8 43.6 54

4B Exams Taken 778 n/a 878 878 798 695 888 853 900 718 718 722 722 952 939 1052 1200 1188
Passed 278 n/a 339 339 258 231 311 392 321 219 219 346 346 247 337 307 421 479
Raw Pass Ratio 35.7 n/a 38.6 38.6 32.3 33.2 35 46 35.7 30.5 30.5 47.9 47.9 26 35.9 29.2 35.1 40.3
Effective Pass Ratio 43.3 n/a 48.7 48.7 39 40.5 42.6 54.3 40.6 40.7 40.7 53.2 53.2 35.5 44.1 40.3 44.1 50.9

5A Exams Taken n/a 464 n/a n/a n/a 472 359 397 361 368 368 316 316 282 140 141 109 85
Passed n/a 186 n/a n/a n/a 152 135 136 120 130 130 115 115 96 60 45 40 33
Raw Pass Ratio n/a 40.1 n/a n/a n/a 32.2 37.6 34.3 33.2 34.7 34.7 36.4 36.4 34 42.9 31.9 36.7 38.8
Effective Pass Ratio n/a 44.3 n/a n/a n/a 40.2 43.3 41.5 40.1 41.4 41.4 41.2 41.2 41.2 50.4 50 45.5 51.6

5B Exams Taken n/a 10 n/a n/a n/a 389 343 402 372 402 402 379 379 356 288 376 296 251
Passed n/a 7 n/a n/a n/a 128 126 150 149 142 142 151 151 140 95 133 111 103
Raw Pass Ratio n/a 70 n/a n/a n/a 32.9 36.7 37.3 40.1 35.3 35.3 39.8 39.8 39.3 33 35.4 37.5 41
Effective Pass Ratio n/a 70 n/a n/a n/a 38.4 43 44 45.7 41.9 41.9 44.7 44.7 47.8 42.2 43.9 47.8 49.8

Part 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 1999
6 Exams Taken 434 490 555 725 628 629 622 592 863 602 602
Passed 141 177 196 244 233 229 246 217 316 265 265
Raw Pass Ratio 32.5 36.1 35.3 33.7 37.1 36.4 39.5 36.7 36.6 44 44
Effective Pass Ratio 39.6 40.7 42 38.1 40.8 41.7 43.4 42.1 43.7 49.8 49.8

7 Exams Taken 421 511 540 601 627 626 598 589 651 588 588
Passed 140 159 175 240 215 212 198 171 235 189 189
Raw Pass Ratio 33.3 31.1 32.4 39.9 34.2 33.8 33.1 29 36.1 32.1 32.1
Effective Pass Ratio 38 36.9 38.2 44.7 39.7 40.8 41.5 36.2 46 42.8 42.8

8 Exams Taken 202 258 250 303 334 334 351 352 383 322 322
Passed 73 104 97 146 129 124 145 135 172 154 154
Raw Pass Ratio 36.1 40.3 38.8 48.2 38.6 37.1 41.3 38.4 44.9 47.8 47.8
Effective Pass Ratio 39.5 42.1 43.3 54.3 42.6 39.6 45.7 41.9 49.6 51.5 51.5

9 Exams Taken 238 271 254 299 382 355 376 385 344 393 393
Passed 84 118 106 117 167 155 171 166 139 183 183
Raw Pass Ratio 35.3 43.5 41.7 39.1 43.7 43.6 45.5 43.1 40.4 46.6 46.6
Effective Pass Ratio 39 49 50 42.5 48.7 47.2 49.7 49.3 45.9 51.1 51.1

10 Exams Taken 177 190 227 244 297 335 335 373 383 443 443
Passed 66 74 91 111 100 129 130 147 136 165 165
Raw Pass Ratio 37.3 38.9 40.1 45.5 33.7 38.5 38.8 39.4 35.5 37.2 37.2
Effective Pass Ratio 39.3 42.3 44 53.9 37.7 42.2 46.9 42.2 39.2 42.9 42.9

Historic 1990-2018 Confidential Page 6 of 6