Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 30

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 30
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 $— million and the weighted average interest rates was 0%. 

The following table sets forth the effects of changing rates and volumes on interest income. The rate column shows the effects attributable to changes in rate (changes in rate multiplied by prior volume). The volume column shows the effects attributable to changes in volume (changes in volume multiplied by prior rate). The net column represents the sum of the prior columns. Changes attributable to changes in both rate and volume that cannot be segregated have been allocated proportionally based on changes due to rate and the changes due to volume.

87

Six months ended September 30,2025 vs 2024(Decrease)/Increase due to change in(amounts in thousands)RateVolumeNetInterest incomeInterest income on trading securities(28,462)(93,413)(121,875)Interest income on loans to customers314 26,298 26,612 Interest income on margin loans to customers3,964 63,052 67,016 Interest income on available-for-sale securities(1,424)11,278 9,854 Interest income on held-to-maturity securities— 20,529 20,529 Other interest income— — (2,334)Total interest income(25,608)27,744 (198)

Insurance premiums earned, net of reinsurance

For the six months ended September 30, 2025, we had insurance premiums earned, net of reinsurance of $278.5 million, a decrease of $11.3 million, or 4%, as compared to the six months ended September 30, 2024. The decrease was primarily attributable to a $15.4 million, or 5%, decrease in written insurance premiums due to the regulatory cap on commissions to insurance agents for policies associated with bank and microfinance loan products, which reduced new business volumes during the period. This decrease in income from written insurance premiums was partially offset by a $1.6 million increase in change in unearned premium reserve, net and $2.5 million increase in reinsurance premiums ceded for the six months ended September 30, 2025, as compared to the six months ended September 30, 2024. The following table sets out information on our insurance premiums earned, net of reinsurance for the periods presented.

Six months ended September 30,(amounts in thousands)20252024Amount Change%ChangeWritten insurance premiums$301,976 $317,337 (15,361)(5)%