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
 9 Months Ended
Dec. 31, 2024
Insurance [Abstract]  
INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES
As of December 31, 2024, and March 31, 2024, assets from the Group's insurance activity comprised the following:
December 31, 2024
March 31, 2024
Assets:
Amounts due from policyholders $ 10,333  $ 10,260 
Amounts due from reinsured 4,064  2,274 
Advances received from agent 3,745  3,231 
Claims receivable from reinsurance 2,055  1,400 
Allowance for estimated uncollectible reinsurance (1,673) (1,045)
Insurance and reinsurance receivables 18,524  16,120 
Unearned premium reserve, reinsurers’ share 3,494  4,770 
Reserves for claims and claims’ adjustment expenses, reinsurers’ share 4,500  4,032 
Total assets from insurance activity
 $ 26,518  $ 24,922 
As of December 31, 2024, and March 31, 2024, liabilities from the Group's insurance activity comprised the following:
December 31, 2024
March 31, 2024
Liabilities:
Amounts payable to reinsured
$ 7,317  $ 2,771 
Amounts payable to insurers
 6,597  4,294 
Amounts payable to agents and brokers 3,294  6,334 
Insurance and reinsurance payables: 17,208  13,399 
Unearned premium reserve 64,824  60,088 
Reserves for claims and claims’ adjustment expenses 325,845  223,693 
Total liabilities from insurance activity
 $ 407,877  $ 297,180 

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