Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 82

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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, 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 Total$519,057 $481,539 

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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)

Reserve Rollforward TableJune 30, 2025March 31, 2025Reserves for claims and claims' adjustment expenses, beginning of the period$376,972 $223,693 Reinsurance share, beginning of the period(3,420)(4,032)Reserves for claims and claims' adjustment expenses, net of reinsurance373,552 219,661 Claims and claims' adjustment expenses incurred:Current period49,209 234,782 Prior periods, excluding discount and amortization of deferred gain6,215 (6,429)Total claims and claims' adjustment expenses incurred55,424 228,353 Claims and claims' adjustment expenses paid:Current period(6,475)(27,551)Prior periods(8,115)(14,290)Total claims and claims' adjustment expenses paid(14,590)(41,841)Other changes:Foreign exchange effect(11,368)(32,621)Total other changes(11,368)(32,621)Reserves for claims and claims' adjustment expenses, end of the period405,361 376,972 Reinsurance share, end of the period(2,343)(3,420)Total$403,018 $373,552 Allocation by Contract TypeReserves for claims and claims' adjustment expenses, net of reinsuranceLong-DurationShort-DurationTotalJune 30, 2025$319,393 $83,625 $403,018 March 31, 2025$289,275 $