Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 201

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 201
---
.

35

Table of ContentsFREEDOM HOLDING CORP.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(All amounts in thousands of United States dollars, except share data, unless otherwise stated)

NOTE 13 – INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES

As of June 30, 2025, and March 31, 2025, the Group recognized insurance-related assets and liabilities arising from its underwriting and reinsurance activities. The disclosures below relate solely to the Group's insurance operations and not to its other operating segments (Banking, Brokerage, and Other).Nature of Insurance ProductsThe Group offers the following insurance products: - Long-Duration Contracts: Life insurance and annuity contracts - Short-Duration Contracts: General insurance products, including property (including automobile), accident, casualty, and civil liability lines.As of June 30, 2025, and March 31, 2025, insurance and reinsurance receivables of the Group were comprised of the following:Insurance contract assetsJune 30, 2025March 31, 2025Assets:Amounts due from policyholders$10,540 $15,197 Claims receivable from reinsurance5,028 3,023 Amounts due from reinsured4,665 5,583 Advances paid for reinsurance1,467 5,364 Less provision for impairment losses(3,669)(2,432)Insurance and reinsurance receivables18,031 26,735 Unearned premium reserve, reinsurers’ share5,558 7,028 Reserves for claims and claims’ adjustment expenses, reinsurers’ share2,343 3,420 Total$25,932 $37,183 As of June 30, 2025, and March 31, 2025, insurance and reinsurance payables of the Company was comprised of the following:June 30, 2025March 31, 2025Liabilities:Amounts payable to insured6,373 9,417 Amounts payable to agents and brokers3,747 6,287 Amounts payable to reinsurers841 1,669 Insurance and reinsurance payables:10,961 17,373 Unearned premium reserve102,735 87,194 Reserves for claims and claims’ adjustment expenses405,361 376,972