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
 6 Months Ended
Sep. 30, 2024
Insurance [Abstract]  
INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES
As of September 30, 2024, and March 31, 2024, assets from insurance activity of the Group were comprised the following:
September 30, 2024
March 31, 2024
Assets:
Amounts due from policyholders $ 14,783  $ 10,260 
Amounts due from reinsured 4,080  2,274 
Claims receivable from reinsurance 2,004  1,400 
Advances received from agent 710  3,231 
Allowance for estimated uncollectible reinsurance (755) (1,045)
Insurance and reinsurance receivables 20,822  16,120 
Unearned premium reserve, reinsurers’ share 1,993  4,770 
Reserves for claims and claims’ adjustment expenses, reinsurers’ share 2,167  4,032 
Total assets from insurance activity
 $ 24,982  $ 24,922 
As of September 30, 2024, and March 31, 2024, liabilities from insurance activity of the Group were comprised the following:
September 30, 2024
March 31, 2024
Liabilities:
Amounts payable to agents and brokers $ 9,875  $ 6,334 
Amounts payable to insurers
 3,935  4,294 
Amounts payable to reinsured
1,140  2,771 
Insurance and reinsurance payables: 14,950  13,399 
Unearned premium reserve 74,063  60,088 
Reserves for claims and claims’ adjustment expenses 275,143  223,693 
Total liabilities from insurance activity
 $ 364,156  $ 297,180 

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