Quarterly report pursuant to Section 13 or 15(d)

INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES

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INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES
 3 Months Ended
Jun. 30, 2024
Insurance [Abstract]  
INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES
As of June 30, 2024, and March 31, 2024, insurance and reinsurance receivables of the Group was comprised of the following:
June 30, 2024
March 31, 2024
Assets:
Amounts due from policyholders $ 9,624  $ 10,260 
Amounts due from reinsured 3,185  2,274 
Advances received from agent 1,602  3,231 
Claims receivable from reinsurance 1,541  1,400 
Allowance for estimated uncollectible reinsurance (1,168) (1,045)
Insurance and reinsurance receivables: 14,784  16,120 
Unearned premium reserve, reinsurers’ share 4,929  4,770 
Reserves for claims and claims’ adjustment expenses, reinsurers’ share 5,236  4,032 
Total $ 24,949  $ 24,922 
As of June 30, 2024, and March 31, 2024, insurance and reinsurance payable of the Group was comprised of the following:
June 30, 2024
March 31, 2024
Liabilities:
Amounts payable to agents and brokers $ 5,955  $ 6,334 
Amounts payable to insurers
 3,983  4,294 
Amounts payable to reinsured
786  2,771 
Insurance and reinsurance payables: 10,724  13,399 
Unearned premium reserve 70,518  60,088 
Reserves for claims and claims’ adjustment expenses 239,152  223,693 
Total $ 320,394  $ 297,180 

As of June 30, 2024, and March 31, 2024, liabilities from insurance activity mainly changed due to the increase of reserves for claims and claim's adjustment expenses, unearned premium reserve as a result of the expansion of operations.