Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 72

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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 1,623 1,623 Balance as of September 30, 2025$2,491 $2,141 $846 $40,769 $46,247 Accumulated impairmentBalance as of March 31, 2024$— $— $— $— $— Impairment expense— — — — — Balance as of September 30, 2024$— $— $— $— $— Balance as of March 31, 2025$— $— $— $— $— Impairment expense— — — — — Balance as of September 30, 2025$— $— $— $— $— Goodwill, net of impairmentBalance as of September 30, 2024$2,613 $2,740 $965 $46,848 $53,166 Balance as of March 31, 2025$2,568 $2,735 $921 $42,869 $49,093 Balance as of September 30, 2025$2,491 $2,141 $846 $40,769 $46,247 Recent accounting pronouncementsIn August 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2018-12, Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, as clarified and amended by (i) ASU 2019-09, Financial Services - Insurance (Topic 944): Effective Date, and (ii) ASU 2020-11, Financial Services - Insurance (Topic 944): Effective Date and Early Application (collectively referred to herein as ASU 2018-12). ASU 2018-12 changed existing recognition, measurement, presentation, and disclosure requirements for long-duration contracts. ASU 2018-12 includes: (1) a requirement to review and, if there is a change, update cash flow assumptions used to measure the liability for future policy benefits (LFPB) at least annually, and to update the discount rate assumption quarterly, (2) a requirement to account for market risk benefits (MRBs) at fair value, (3) simplified amortization for deferred policy acquisition costs