Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue:        
Fee and commission income $ 132,238 $ 121,051 $ 239,880 $ 236,540
Net gain on trading securities 37,104 68,317 82,706 16,215
Interest income 211,662 210,324 410,233 436,328
Insurance premiums earned, net of reinsurance 125,228 160,344 278,485 289,752
Net gain/(loss) on foreign exchange operations 5 6,479 (12,888) 14,568
Net (loss)/gain on derivatives (3,163) 6,308 12,296 18,802
Sales of goods and services 19,998 12,024 37,222 17,244
Other income 3,035 1,292 11,596 11,689
TOTAL REVENUE, NET 526,107 586,139 1,059,530 1,041,138
Expense:        
Fee and commission expense 64,162 90,837 149,033 170,984
Interest expense 102,259 124,665 215,669 270,383
Insurance claims incurred, net of reinsurance 79,923 66,684 160,208 113,993
Payroll and bonuses 93,143 66,210 186,244 123,734
Professional services 10,497 8,245 23,521 15,513
Stock compensation expense 15,496 12,056 38,550 22,671
Advertising and sponsorship expense (including $4,892 and $4,644 from related parties for the three months ended, and $10,405 and $6,689 for the six months ended) 27,502 32,433 51,965 54,329
General and administrative expense 45,556 40,856 87,531 81,266
Allowance for expected credit losses 11,944 10,427 16,766 8,657
Cost of sales 15,139 5,239 29,042 9,523
TOTAL EXPENSE 465,621 457,652 958,529 871,053
INCOME BEFORE INCOME TAX 60,486 128,487 101,001 170,085
Income tax expense (21,765) (13,999) (31,884) (21,338)
NET INCOME 38,721 114,488 69,117 148,747
Less: Net loss attributable to non-controlling interest in subsidiary 0 (170) 0 (311)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 38,721 114,658 69,117 149,058
OTHER COMPREHENSIVE INCOME        
Change in unrealized gain on investments available-for-sale, net of tax effect 4,403 4,306 7,401 7,680
Reclassification adjustment for net realized (gain)/loss on available-for-sale investments disposed of in the period, net of tax effect (929) 185 (755) 167
Foreign currency translation adjustments (65,528) (19,967) (107,332) (85,778)
OTHER COMPREHENSIVE LOSS (62,054) (15,476) (100,686) (77,931)
COMPREHENSIVE (LOSS)/INCOME BEFORE NON-CONTROLLING INTERESTS (23,333) 99,012 (31,569) 70,816
Less: Comprehensive loss attributable to non-controlling interest in subsidiary 0 (170) 0 (311)
COMPREHENSIVE (LOSS)/INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (23,333) $ 99,182 $ (31,569) $ 71,127
EARNINGS PER COMMON SHARE (In U.S. dollars):        
Earnings per common share-basic (in USD per share) $ 0.65 $ 1.93 $ 1.15 $ 2.51
Earnings per common share- diluted (in USD per share) $ 0.63 $ 1.89 $ 1.13 $ 2.46
Weighted average number of shares, basic (in shares) 59,947,187 59,363,122 59,900,589 59,310,891
Weighted average number of shares, diluted (in shares) 61,120,016 60,460,173 61,090,631 60,358,442