Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 219

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 219
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441 2,441 2,570 2021 2,679 4,289 4,400 4,431 4,629 2022 5,471 8,194 8,344 8,783 2023 7,912 10,475 11,057 2024 4,002 5,911 2025 12,295 Total 47,930 Liabilities for loss and LAE, net of reinsurance 7,457 The following table shows the average annual percentage payout of incurred losses for the Vehicle Owners 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 63.0% 29.2% 2.1% 1.6% 0.7% 0.8% 0.6% 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) 147

Compulsory employer liability insurance 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 428 503 636 718 764 881 1,044 1,162 2019 533 453 428 415 512 555 555 2020 855 783 685 767 861 885 2021 1,038 1,068 1,399 1,079 897 2022 1,013 1,107 1,177 1,022 2023 1,356 1,270 1,261 2024 2,621 2,900 2025 7,694 Total 16,376 Cumulative paid losses and LAE, net of reinsurance 2018 189 358 546 635 673 723 888 1,105 2019 196 290 306