Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 218

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 218
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1,430 2025 1 Total 2,178 Liabilities for loss and LAE, net of reinsurance 9,712 The following table shows the average annual percentage payout of incurred losses for the Civil Liability 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 38.2% 29.6% 5.6% 21.3% 3.4% 1.9% —% —% 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) 146

Vehicle Owners 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 794 1,140 1,153 1,159 1,162 1,162 1,162 1,208 2019 946 1,364 1,387 1,396 1,415 1,420 1,477 2020 1,454 2,276 2,368 2,441 2,441 2,570 2021 2,683 4,294 4,406 4,436 4,653 2022 5,478 8,224 8,375 8,873 2023 8,246 10,901 11,540 2024 4,264 6,236 2025 18,830 Total 55,387 Cumulative paid losses and LAE, net of reinsurance 2018 794 1,140 1,153 1,159 1,162 1,162 1,162 1,208 2019 946 1,364 1,387 1,396 1,415 1,420 1,477 2020 1,454 2,276 2,368 2,