Quarterly report pursuant to Section 13 or 15(d)

INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES

v3.22.4
INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES
 9 Months Ended
Dec. 31, 2022
Insurance [Abstract]  
INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES
As of December 31, 2022, and March 31, 2022, insurance and reinsurance receivables of the Company was comprised of the following:
December 31, 2022
March 31, 2022
Assets: (Recasted)
Amounts due from policyholders $ 5,615  $ 3,500 
Claims receivable from reinsurance 897  769 
Amounts due from reinsured 52  23 
Less provision for impairment losses (995) (343)
Insurance and reinsurance receivables: 5,569  3,949 
Unearned premium reserve, reinsurers’ share 3,763  143 
Reserves for claims and claims’ adjustment expenses, reinsurers’ share 1,911  1,620 
Total $ 11,243  $ 5,712 
As of December 31, 2022, and March 31, 2022, the premium receivables from policyholders increased due to the expansion of operations.
As of December 31, 2022, and March 31, 2022, insurance and reinsurance payable of the Company was comprised of the following:
December 31, 2022
March 31, 2022
Liabilities: (Recasted)
Amounts payable to reinsurers $ 2,405  $ 402 
Amounts payable to insured 2,305  685 
Amounts payable to agents and brokers 2,081  1,981 
Insurance and reinsurance payables: 6,791  3,068 
Unearned premium reserve 31,103  17,985 
Reserves for claims and claims’ adjustment expenses 118,648  98,437 
Total $ 156,542  $ 119,490 
As of December 31, 2022, and March 31, 2022, the amount payable to agents and brokers increased due to the expansion of operations.