Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 81

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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 two years, following the issue date, the issuer has the option to redeem the bonds in full or in part at nominal value plus accrued interest.  During the three months ended June 30, 2025, the Group issued additional bonds with the aggregate amount of $199,204 with an annual interest rate of 8%, 9% and 10% and maturity date in May 2027. Interest is paid on a quarterly basis. Debt securities issued are initially recognized at the fair value of the consideration received, less directly attributable transaction costs. The Group has no financial covenants to comply with under the terms of its debt securities.

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Table of ContentsFREEDOM HOLDING CORP.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(All amounts in thousands of United States dollars, except share data, unless otherwise stated)

NOTE 13 – INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES

As of June 30, 2025, and March 31, 2025, the Group recognized insurance-related assets and liabilities arising from its underwriting and reinsurance activities. The disclosures below relate solely to the Group's insurance operations and not to its other operating segments (Banking, Brokerage, and Other).Nature of Insurance ProductsThe Group offers the following insurance products: - Long-Duration Contracts: Life insurance and annuity contracts - Short-Duration Contracts: General insurance products, including property (including automobile), accident, casualty, and civil liability lines.As of June 30, 2025, and March 31, 2025, insurance and reinsurance receivables of the Group were comprised of the following:Insurance contract assetsJune 30, 2025March 31, 2025Assets:Amounts due from policyholders$10,540 $15,197 Claims receivable from reinsurance5,028 3,023 Amounts due from reinsured4,665 5,583 Advances paid for reinsurance1,467 5,364 Less provision for impairment losses(3,669)(2,432)Insurance and reinsurance receivables18,031 26,735 Unearned premium reserve, reinsurers’ share5,558 7,028 Reserves for claims and claims’ adjustment expenses, reinsurers’ share2,343 3,420 Total$25,932 $37,183 As of June 30