Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 220

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 220
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 332 346 354 448 2020 196 380 450 493 551 600 2021 241 408 510 522 538 2022 411 596 633 665 2023 334 556 628 2024 1,063 1,725 2025 5,617 Total 11,326 Liabilities for loss and LAE, net of reinsurance 5,050 The following table shows the average annual percentage payout of incurred losses for the Compulsory employer liability insurance 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 34.6% 13.0% 6.0% 5.1% 2.0% 3.9% 14.0% 16.6% 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) 148

Property Damage 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 420 455 497 497 497 497 497 517 2019 — — — 9 9 9 10 2020 7 7 7 7 11 12 2021 2 7 107 107 111 2022 6 25 111 115 2023 64 86 113 2024 110 593 2025 3,934 Total 5,405 Cumulative paid losses and LAE, net of reinsurance 2018 420 455 497 497 497 497 497 517 2019 — — — 9 9 9 10 2020 7 7 7 7 11 12 2021 2 7 107 107 111 2022 6 25 111 115