Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 103

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 103
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 from policyholders4,366 15,197 Advances paid for reinsurance1,569 5,364 Less provision for impairment losses(6,576)(2,432)Insurance and reinsurance receivables$14,136 $26,735 Unearned premium reserve, reinsurers’ share3,163 7,028 Reserves for claims and claims’ adjustment expenses, reinsurers’ share2,176 3,420 Total$19,475 $37,183 As of September 30, 2025, and March 31, 2025, insurance and reinsurance payables of the Company was comprised of the following:September 30, 2025March 31, 2025Liabilities:Amounts payable to insured$4,321 $9,417 Amounts payable to reinsurers1,688 1,669 Amounts payable to agents and brokers1,426 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)(