Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 114

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 114
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,511 39,807 Freedom ARBrokerage34,680 759 33,921 35,440 Other regulated operating subsidiariesOther13,782 24913,533 (21,923)$924,702 $237,362 $687,340 $1,091,588 

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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)

According to the requirements of National Bank of the Republic of Kazakhstan, the regulator of Freedom KZ and Freedom Life, capital is adjusted through subtraction of non-liquid assets. Consequently, it may result that net capital for regulatory purposes may be lower than retained earnings balances. As per capital requirements applicable to Freedom EU regulated by the Cyprus Securities and Exchange Commission and Freedom Global regulated by Astana Financial Services Authority, current year profit is not included within net capital for regulatory purposes, as profits can only be included in net capital after a statutory audit is completed.The table below presents net capital/eligible equity, required minimum capital, excess regulatory capital and retained earnings as of March 31, 2024 for each of the regulated entities that is material for our condensed consolidated financial statements.(amounts in thousands)Regulated activitiesNet Capital/Eligible EquityRequired Minimum capital/solvencyExcess regulatory capitalRetained earnings Freedom Bank KZBanking$329,738 $196,594 $133,144 $193,376 Freedom EUBrokerage269,424 10,868 258,556 319,484 Freedom KZBrokerage107,064 413 106,651 122,416 Freedom LifeLife Insurance50,757 12,395 38,362 57,085 Freedom InsuranceProperty and Casualty Insurance30,011 12,395 17,616 19,773 Freedom GlobalBrokerage16,428 12,352 4,076 117,468 Freedom ARBrokerage7,317 763 6,554 6,447 Other regulated operating subsidiariesOther8,533 1558,378 (11,665)$819,272 $245,935 $573,337 $824,384 

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Table of ContentsFREEDOM HOLDING CORP.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Un