Freedom Holding Corp. Annual report pursuant to Section 13 and 15(d)

INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES (Tables)

12 Months Ended

Mar. 31, 2024

As of March 31, 2024, and March 31, 2023, insurance and reinsurance receivables of the Group were comprised of the following:


	March 31, 2024		March 31, 2023
Assets:

Amounts due from policyholders	$	10,260	$	9,699
Amounts due from reinsured	2,274		555
Claims receivable from reinsurance	1,400		1,087
Advances paid for reinsurance	3,231		—
Less provision for impairment losses	(1,045)		(1,325)
Insurance and reinsurance receivables:	16,120		10,016

Unearned premium reserve, reinsurers’ share	4,770		2,379
Reserves for claims and claims’ adjustment expenses, reinsurers’ share	4,032		1,390

Total	$	24,922	$	13,785

As of March 31, 2024, and March 31, 2023, insurance and reinsurance payables of the Company was comprised of the following:


	March 31, 2024		March 31, 2023
Liabilities:

Amounts payable to agents and brokers	$	6,334	$	2,466
Amounts payable to reinsurers	4,294		2,002
Amounts payable to insured	2,771		1,807
Insurance and reinsurance payables:	13,399		6,275

Unearned premium reserve	60,088		43,082
Reserves for claims and claims’ adjustment expenses	223,693		133,145

Total	$	297,180	$	182,502