Freedom Holding Corp. Quarterly report pursuant to Section 13 or 15(d)

INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES (Tables)

3 Months Ended

Jun. 30, 2024

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