Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 122

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 122
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— million and the weighted average interest rates was 0%. 

The following table sets forth the effects of changing rates and volumes on interest income. The rate column shows the effects attributable to changes in rate (changes in rate multiplied by prior volume). The volume column shows the effects attributable to changes in volume (changes in volume multiplied by prior rate). The net column represents the sum of the prior columns. Changes attributable to changes in both rate and volume that cannot be segregated have been allocated proportionally based on changes due to rate and the changes due to volume.

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Three months ended June 30,2025 vs 2024(Decrease)/Increase due to change in(amounts in thousands)RateVolumeNetInterest incomeInterest income on trading securities$(12,286)$(42,266)$(54,552)Interest income on loans to customers(1,903)11,230 9,327 Interest income on margin loans to customers4,470 23,622 28,092 Interest income on available-for-sale securities(1,096)6,079 4,983 Interest income on held-to-maturity securities— 5,173 5,173 Other interest income— — (1,586)Total interest income$(10,815)$3,838 $(8,563)

Insurance premiums earned, net of reinsurance

For the three months ended June 30, 2025, we had insurance premiums earned, net of reinsurance of $153.3 million, an increase of $23.8 million, or 18%, as compared to the three months ended June 30, 2024. The increase was primarily attributable to a $24.5 million, or 17%, due to the expansion of our insurance operations such as in the pension annuity and accident insurance between the two quarters. This increase in income from written insurance premiums was partially offset by a $3.8 million increase in change in unearned premium reserve, net for the three months ended June 30, 2025, as compared to the three months ended June 30, 2024. The following table sets out information on our insurance premiums earned, net of reinsurance for the periods presented.

Three months ended June 30,(amounts in thousands)20252024Amount Change%ChangeWritten insurance premiums$171,983 $147,444 $24,539 17 %Reinsurance premiums ceded(1,078)(4,180)3,102