Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 111

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 111
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4,863,748 $664,321 $374,576 $9,135,045 Total liabilities2,443,186 4,314,126 512,685 602,303 7,872,300 Net assets$789,214 $549,622 $151,636 $(227,727)$1,262,745 March 31, 2024BrokerageBankingInsuranceOtherTotalTotal assets$2,586,803 $4,939,626 $529,517 $245,984 $8,301,930 Total liabilities1,973,887 4,389,745 402,865 368,475 7,134,972 Net assets$612,916 $549,881 $126,652 $(122,491)$1,166,958 FRHC’s chief operating decision maker (CODM) is Chief Executive Officer, Chief Financial Officer and President, which,  acting collectively, manages the Company, including allocating resources and measuring performance. Company’s CODM uses both GAAP total revenue and net income in assessing each segment’s performance and determining how to allocate resources among segments.BrokerageCompanies in the Brokerage segment offer securities brokerage, securities dealing for customers and for the Group's own account, market making activities, investment research, investment counseling, underwriting and market-making services to a global client base of retail investors, corporations, financial institutions, merchants and government and municipal entities. Companies in the Brokerage segment also conduct proprietary securities trading. The Group's services in this segment include providing clients with access to the world's largest stock exchanges and a gateway to global investment opportunities. Additionally, the Group's offerings in this segment include professional securities analytics, empowering clients with valuable insights and market intelligence to make informed investment decisions. To ensure a seamless experience, the Group provides user-friendly trading applications that offer convenience and flexibility.BankingCompanies in the Banking segment generate banking service fees and interest income by providing services that include lending, deposit services, payment card services, money transfers, correspondent accounts, supporting both individual and corporate clients with innovative digital financial solutions. To ensure a seamless experience, the Banking segment  provides user-friendly banking application that offers convenience and flexibility. Companies in the Banking segment also conduct proprietary securities trading activities.InsuranceCompanies in the Insurance segment offer products including life insurance, obligatory insurance, tourist medical health insurance and auto insurance. These insurance products are designed to offer comprehensive coverage and tailored solutions to protect