Annual report pursuant to Section 13 and 15(d)

STATUTORY CAPITAL REQUIREMENTS (Tables)

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STATUTORY CAPITAL REQUIREMENTS (Tables)
12 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations
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 consolidated financial statements.
(amounts in thousands)
Regulated activities
Net Capital/Eligible Equity
Required Minimum capital/solvency
Excess regulatory capital
Retained earnings
Freedom KZ
Brokerage
$ 107,064  $ 413  $ 106,651  $ 122,416 
Freedom Bank KZ
Bank
329,738  196,594  133,144  193,376 
Freedom Life
Life Insurance
50,757  12,395  38,362  57,085 
Freedom EU
Brokerage
269,424  10,868  258,556  319,484 
Freedom Insurance
Property and Casual Insurance
30,011  12,395  17,616  19,773 
Freedom Global
Brokerage
16,428  12,352  4,076  117,468 
Freedom Armenia ("Freedom AR")
Brokerage
7,317  763  6,554  6,447 
Other regulated operating subsidiaries
Other
8,533  155 8,378  (11,665)
$ 819,272  $ 245,935  $ 573,337  $ 824,385 
The table below presents net capital/eligible equity, required minimum capital, excess regulatory capital and retained earnings as of March 31, 2023 for each of the regulated entities that is material for our consolidated financial statements.
(amounts in thousands)
Regulated activities
Net Capital/Eligible Equity
Required Minimum capital/solvency
Excess regulatory capital
Retained earnings
Freedom KZ
Brokerage
$ 109,952  $ 817  $ 109,135  $ 118,213 
Freedom Bank KZ
Bank
71,630  22,138  49,492  99,984 
Freedom Life
Life Insurance
30,252  10,171  20,081  37,239 
Freedom EU
Brokerage
28,597  7,759  20,838  185,918 
Freedom Insurance
Property and Casual Insurance
21,888  10,171  11,717  3,159 
Freedom Global
Brokerage
11,133  9,135  1,998  18,924 
Freedom AR
Brokerage
1,001  774  227  (283)
Other regulated operating subsidiaries
Other
9,007  606  8,401  (21,514)
$ 283,460  $ 61,571  $ 221,889  $ 441,640