Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 249

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 249
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6,287 Insurance and reinsurance payables:$7,435 $17,373 Unearned premium reserve100,859 87,194 Reserves for claims and claims’ adjustment expenses411,926 376,972 Total$520,220 $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 TableSeptember 30, 2025March 31, 2025Reserves for claims and claims' adjustment expenses, beginning of the period$405,361 $223,693 Reinsurance share, beginning of the period(2,343)(4,032)Reserves for claims and claims' adjustment expenses, net of reinsurance403,018 219,661 Claims and claims' adjustment expenses incurred:Current period57,779 234,782 Prior periods, excluding discount and amortization of deferred gain(860)(6,429)Total claims and claims' adjustment expenses incurred56,919 228,353 Claims and claims' adjustment expenses paid:Current period(14,735)(27,551)Prior periods(13,080)(14,290)Total claims and claims' adjustment expenses paid(27,815)(41,841)Other changes:Foreign exchange effect(22,371)(32,621)Total other changes(22,371)(32,621)Reserves for claims and claims' adjustment expenses, end of the period411,926 376,972 Reinsurance share, end of the period(2,176)(3,420)Total$409,750 $373,552 Allocation by Contract TypeReserves for claims and claims' adjustment expenses, net of reinsuranceLong-DurationShort-DurationTotalSeptember 30, 2025$343,758 $65,992 $409,750 March 31, 2025$289,275 $84,277 $373,552 

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Table of ContentsNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(All amounts in thousands of United States dollars, except share data, unless otherwise stated)

NOTE 14 - FEE AND COMMISSION INCOME AND EXPENSE

Fee and commission income is recognized when, or as, the Group satisfies its performance