Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 216

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 216
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 5 11 — — — — — — 2019 116 36 — — — — — 2020 49 21 1 1 1 1 2021 7 2 — — — 2022 101 200 193 24 2023 524 3,352 1,061 2024 13,605 6,508 2025 23,696 Total 31,290 Cumulative paid losses and LAE, net of reinsurance 2018 — — — — — — — — 2019 — — — — — — — 2020 1 1 1 1 1 1 2021 — — — — — 2022 — — — — 2023 1 3 3 2024 69 93 2025 57 Total 154 Liabilities for loss and LAE, net of reinsurance 31,136 The following table shows the average annual percentage payout of incurred losses for the Life Insurance line of business: Average annual percentage payout of incurred losses by age, net of reinsurance (unaudited) Years 1 2 3 4 5 6 7 8 Average annual percentage payout 16.9% 8.5% 8.0% 66.6% —% —% —% —% Table of Contents FREEDOM HOLDING CORP. NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2024 (All amounts in thousands of United States dollars, except share data, unless otherwise stated) 144

Accident Insurance Incurred losses and LAE, net of reinsurance for the years ended March 31 Accident The information about incurred and paid claims development for the years ended March 31, 2018 to 2024, is presented as supplementary information. Year 2018 2019 2020 2021 2022 2023 2024 2025 2018 2 4 — — — — — — 2019 100 36 1 1 1 1 1 2020 81 90 1 1 1 1 2021 248 185 1 1 1 2022 405 231 4 4 2023 791 643 10 2024 2,016 3,427 2025 9,119 Total