Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 217

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 217
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12,563 Cumulative paid losses and LAE, net of reinsurance 2018 — — — — — — — — 2019 — 1 1 1 1 1 1 2020 — 1 1 1 1 1 2021 1 1 1 1 1 2022 2 4 4 4 2023 5 10 10 2024 30 35 2025 175 Total 227 Liabilities for loss and LAE, net of reinsurance 12,336 The following table shows the average annual percentage payout of incurred losses for the Accident 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 31.0% 52.5% 16.5% —% —% —% —% —% 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) 145

Civil Liability 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 1 1 1 1 1 1 1 1 2019 — — — — — — — 2020 — — — — — — 2021 1 2 2 2 2 2022 642 642 642 727 2023 1 58 579 2024 25 2,949 2025 7,632 Total 11,890 Cumulative paid losses and LAE, net of reinsurance 2018 1 1 1 1 1 1 1 1 2019 — — — — — — — 2020 — — — — — — 2021 1 2 2 2 2 2022 642 642 642 668 2023 — 58 76 2024 —