Quarterly report pursuant to Section 13 or 15(d)

INSURANCE CONTRACTS ASSETS AND LIABILITIES

v3.22.2.2
INSURANCE CONTRACTS ASSETS AND LIABILITIES
 6 Months Ended
Sep. 30, 2022
Insurance [Abstract]  
Insurance contract assets and liabilities INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES
As of September 30, 2022, and March 31, 2022, insurance and reinsurance receivables of the Company was comprised of the following:
September 30, 2022
March 31, 2022
Assets: (Recasted)
Amounts due from policyholders $ 6,061  $ 3,500 
Claims receivable from reinsurance 993  769 
Amounts due from reinsured 61  23 
Less provision for impairment losses (880) (343)
Insurance and reinsurance receivables: 6,235  3,949 
Unearned premium reserve, reinsurers’ share 4,714  143 
Reserves for claims and claims’ adjustment expenses, reinsurers’ share 1,763  1,620 
Total $ 12,712  $ 5,712 
As of September 30, 2022, and March 31, 2022, the premium receivables from policyholders increased due to the expansion of operations.
As of September 30, 2022, and March 31, 2022, insurance and reinsurance payable of the Company was comprised of the following:
September 30, 2022
March 31, 2022
Liabilities: (Recasted)
Amounts payable to reinsurers $ 2,109  $ 402 
Amounts payable to insured 1,768  685 
Amounts payable to agents and brokers 734  1,981 
Insurance and reinsurance payables: 4,611  3,068 
Unearned premium reserve 31,535  17,985 
Reserves for claims and claims’ adjustment expenses 113,931  98,437 
Total $ 150,077  $ 119,490 
As of September 30, 2022, and March 31, 2022, the amount payable to agents and brokers increased due to the expansion of operations.