Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 102

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 102
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 bonds are in October and September 2026. Interest payments are due to be made semi-annually in April and October, and on a quarterly basis.  For the first two years of Freedom SPC bonds due 2028, the annual interest rate is 12% and for subsequent years the interest rate will be fixed and set as the sum of Effective Federal Funds Rate (EFFR) as of December 10, 2025 and a margin of 6.5%. Interest is paid on a monthly basis. The bondholders have a right of early redemption after two years at nominal value plus accrued interest. After 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.  The Freedom SPC bonds due 2027 bear interest at an annual 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 September 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 September 30, 2025, and March 31, 2025, insurance and reinsurance receivables of the Group were comprised of the following:Insurance contract assetsSeptember 30, 2025March 31, 2025Assets:Claims receivable from reinsurance$8,840 $3,023 Amounts due from reinsured5,937 5,583 Amounts due