Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 221

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 221
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2023 — 22 23 2024 38 42 2025 33 Total 863 Liabilities for loss and LAE, net of reinsurance 4,542 The following table shows the average annual percentage payout of incurred losses for the Property Damage line of business: Average annual percentage payout of incurred losses by age, net of reinsurance (unaudited) Years 1 2 3 4 5 6 7 8 Average annual percentage payout 19.6% 9.7% 32.6% 28.3% 7.0% 0.3% 0.6% 1.9% Table of Contents FREEDOM HOLDING CORP. NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2024 (All amounts in thousands of United States dollars, except share data, unless otherwise stated) 149

Motor Vehicle Incurred losses and LAE, net of reinsurance for the years ended March 31 Accident The information about incurred and paid claims development for the years ended March 31, 2018 to 2024, is presented as supplementary information. Year 2018 2019 2020 2021 2022 2023 2024 2025 2018 133 153 156 156 156 156 156 163 2019 164 181 184 184 184 184 192 2020 169 233 233 234 234 243 2021 229 310 322 327 341 2022 230 386 386 411 2023 568 903 939 2024 2,270 3,824 2025 4,424 Total 10,537 Cumulative paid losses and LAE, net of reinsurance 2018 133 153 156 156 156 156 156 163 2019 164 181 184 184 184 184 192 2020 169 233 233 234 234 243 2021 229 310 322 327 341 2022 230 382 382 407 2023 397 715 743 2024 1,752 2,599 2025 2,193 Total 6,881 Liabilities for loss and LAE, net of reinsurance 3,656 The following table shows