Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 214

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 214
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 1,400 Less provision for impairment losses (2,432) (1,045) Insurance and reinsurance receivables: 26,735 16,120 Unearned premium reserve, reinsurers' share 7,028 4,770 Reserves for claims and claims' adjustment expenses, reinsurers' share 3,420 4,032 Total $ 37,183 $ 24,922 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) 141

As of March 31, 2025, and March 31, 2024, insurance and reinsurance payables of the Company was comprised of the following: Insurance contract liabilities March 31, 2025 March 31, 2024 Liabilities: Amounts payable to insured $ 9,417 $ 2,771 Amounts payable to agents and brokers 6,287 6,334 Amounts payable to reinsurers 1,669 4,294 Insurance and reinsurance payables: 17,373 13,399 Unearned premium reserve 87,194 60,088 Reserves for claims and claims' adjustment expenses 376,972 223,693 Total $ 481,539 $ 297,180 Reserve Rollforward Table March 31, 2025 March 31, 2024 Reserves for claims and claims' adjustment expenses, beginning of the year $ 223,693 $ 133,147 Reinsurance share, beginning of the year (4,032) (1,390) Reserves for claims and claims' adjustment expenses, net of reinsurance 219,661 131,757 Claims and claims' adjustment expenses incurred: Current year 234,782 108,431 Prior years, excluding discount and amortization of deferred gain (6,429) (163) Total claims and claims' adjustment expenses incurred 228,353 108,268 Claims and claims' adjustment expenses paid: Current year (27,551) (13,464) Prior years (14,290) (9,926) Total claims and claims' adjustment expenses paid (41,841) (23,390) Other changes: Foreign exchange effect (32,621) 3,026 Total other changes (32,621) 3,026 Reserves for claims and claims' adjustment expenses,