Quarterly report pursuant to Section 13 or 15(d)

INSURANCE CONTRACTS ASSETS AND LIABILITIES (Tables)

v3.23.1
INSURANCE CONTRACTS ASSETS AND LIABILITIES (Tables)
6 Months Ended
Sep. 30, 2022
Insurance [Abstract]  
Insurance and reinsurance receivables
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 
Insurance and reinsurance payables
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