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 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Revenue:        
Fee and commission income $ 126,089 $ 143,436 $ 365,969 $ 379,976
Net gain on trading securities 43,478 89,564 126,184 105,779
Interest income 228,794 224,688 639,027 661,016
Insurance premiums earned, net of reinsurance 106,924 177,472 385,409 467,224
Net gain on foreign exchange operations 45,774 3,945 32,886 18,513
Net gain on derivatives 26,540 11,889 38,836 30,691
Sales of goods and services 29,148 10,815 66,370 28,059
Other income 21,874 2,769 33,470 14,458
TOTAL REVENUE, NET 628,621 664,578 1,688,151 1,705,716
Expense:        
Fee and commission expense 33,691 93,927 182,724 264,911
Interest expense 127,915 131,136 343,584 401,519
Insurance claims incurred, net of reinsurance 77,937 104,511 238,145 218,504
Payroll and bonuses 124,084 77,395 310,328 201,129
Professional services 15,963 10,955 39,484 26,468
Stock compensation expense 15,352 13,417 53,902 36,088
Advertising and sponsorship expense (including $10,759 and $5,894 from related parties for the three months ended, and $21,164 and $12,583 for the nine months ended) 36,628 41,035 88,593 95,364
General and administrative expense 71,416 53,874 158,947 135,140
Allowance for expected credit losses 6,342 30,612 23,108 39,269
Cost of sales 25,348 9,388 54,390 18,911
TOTAL EXPENSE 534,676 566,250 1,493,205 1,437,303
INCOME BEFORE INCOME TAX 93,945 98,328 194,946 268,413
Income tax expense (17,710) (20,191) (49,594) (41,529)
NET INCOME 76,235 78,137 145,352 226,884
Less: Net loss attributable to non-controlling interest in subsidiary 0 (144) 0 (455)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 76,235 78,281 145,352 227,339
OTHER COMPREHENSIVE INCOME        
Change in unrealized (loss)/gain on investments available-for-sale, net of tax effect (929) 7,993 6,472 15,673
Reclassification adjustment for net realized (gain)/loss on available-for-sale investments disposed of in the period, net of tax effect (4,103) 872 (4,858) 1,039
Foreign currency translation adjustments 87,733 (101,212) (19,599) (186,990)
OTHER COMPREHENSIVE INCOME/(LOSS) 82,701 (92,347) (17,985) (170,278)
COMPREHENSIVE INCOME/(LOSS) BEFORE NON-CONTROLLING INTERESTS 158,936 (14,210) 127,367 56,606
Less: Comprehensive loss attributable to non-controlling interest in subsidiary 0 (144) 0 (455)
COMPREHENSIVE INCOME/(LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 158,936 $ (14,066) $ 127,367 $ 57,061
EARNINGS PER COMMON SHARE (In U.S. dollars):        
Earnings per common share-basic (in USD per share) $ 1.27 $ 1.32 $ 2.43 $ 3.83
Earnings per common share- diluted (in USD per share) $ 1.25 $ 1.29 $ 2.38 $ 3.76
Weighted average number of shares, basic (in shares) 59,955,472 59,372,323 59,918,950 59,331,443
Weighted average number of shares, diluted (in shares) 61,114,058 60,548,794 61,098,469 60,422,124