Company: FRHC
Filing Date: 2025-04-09
Form Type: CORRESP
Source: 0000924805-25-000004
Chunk: 2

Company: Freedom Holding Corp.
Filing Date: 2025-04-09
Form: CORRESP
Chunk 2
---
:----|:------|------:|
| Insurance underwriting income                 |     | $             | 86.7 |     | $              | 177.5 |     | $     | 264.2 |
| Insurance claims incurred, net of reinsurance |     | $             | 93.3 |     | $              |  46.3 |     | $     | 139.6 |
| Change in insurance reserves                  |     | $             | 60.6 |     | $              |  38.2 |     | $     |  98.8 |

| Nine months period ended December 31, 2024    |     | Long-Duration |       |     | Short-Duration |       |     | Total |       |
|:----------------------------------------------|:----|:--------------|------:|:----|:---------------|------:|:----|:------|------:|
| Insurance underwriting income                 |     | $             | 143.6 |     | $              | 323.6 |     | $     | 467.2 |
| Insurance claims incurred, net of reinsurance |     | $             | 154.3 |     | $              |  64.2 |     | $     | 218.5 |
| Change in insurance reserves                  |     | $             | 121.1 |     | $              |  43.3 |     | $     | 164.4 |

| Reserves for claims and claims’ adjustment expenses, net of reinsurance |     | Long-Duration |       |     | Short-Duration |      |     | Total |       |
|:------------------------------------------------------------------------|:----|:--------------|------:|:----|:---------------|-----:|:----|:------|------:|
| March 31, 2024                                                          |     | $             | 165.4 |     | $              | 54.2 |     | $     | 219.6 |
| December 31, 2024                                                       |     | $             | 250.4 |     | $              | 71.0 |     | $     | 321.4 |

#### Lines of Insurance Offered
We offer insurance products that can be broadly categorized as:

i. Long-duration products (e.g., life and annuity insurance)

ii. Short-duration products (e.g., various general insurance products in property (including auto),