INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES (Tables)
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9 Months Ended |
Dec. 31, 2025 |
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| Insurance [Abstract] |
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| Schedule of Insurance and Reinsurance Receivables |
As of December 31, 2025, and March 31, 2025, insurance and reinsurance receivables of the Group were comprised of the following:
Insurance contract assets
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December 31, 2025 |
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March 31, 2025 |
| Assets: |
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| Claims receivable from reinsurance |
$ |
17,460 |
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$ |
3,023 |
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| Amounts due from policyholders |
6,077 |
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15,197 |
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| Amounts due from reinsured |
6,992 |
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5,583 |
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Advances paid for reinsurance |
1,803 |
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5,364 |
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| Less provision for impairment losses |
(12,420) |
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(2,432) |
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| Insurance and reinsurance receivables |
$ |
19,912
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$ |
26,735
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| Unearned premium reserve, reinsurers’ share |
4,177 |
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7,028 |
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| Reserves for claims and claims’ adjustment expenses, reinsurers’ share |
3,922 |
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3,420 |
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| Total |
$ |
28,011
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$ |
37,183
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| Schedule of Insurance and Reinsurance Payables |
As of December 31, 2025, and March 31, 2025, insurance and reinsurance payables of the Company was comprised of the following:
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December 31, 2025 |
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March 31, 2025 |
| Liabilities: |
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Amounts payable to insured |
$ |
7,505 |
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$ |
9,417 |
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Amounts payable to reinsurers |
3,566 |
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1,669 |
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| Amounts payable to agents and brokers |
332 |
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6,287 |
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| Insurance and reinsurance payables: |
$ |
11,403
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$ |
17,373
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| Unearned premium reserve |
106,284 |
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|
87,194 |
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| Reserves for claims and claims’ adjustment expenses |
462,419 |
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376,972 |
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| Total |
$ |
580,106
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$ |
481,539
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| Schedule of Liability for Unpaid Claims and Claims Adjustment Expense |
Reserve Rollforward Table
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December 31, 2025 |
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March 31, 2025 |
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| Reserves for claims and claims' adjustment expenses, beginning of the period |
$ |
411,926 |
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$ |
223,693 |
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| Reinsurance share, beginning of the period |
(2,176) |
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(4,032) |
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| Reserves for claims and claims' adjustment expenses, net of reinsurance |
409,750
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219,661
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| Claims and claims' adjustment expenses incurred: |
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| Current period |
45,774 |
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234,782 |
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| Prior periods, excluding discount and amortization of deferred gain |
6,253 |
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(6,429) |
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| Total claims and claims' adjustment expenses incurred |
52,027
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228,353
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| Claims and claims' adjustment expenses paid: |
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| Current period |
(19,595) |
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(27,551) |
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| Prior periods |
(20,090) |
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(14,290) |
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| Total claims and claims' adjustment expenses paid |
(39,685) |
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(41,841) |
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| Other changes: |
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| Foreign exchange effect |
36,405 |
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(32,621) |
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| Total other changes |
36,405
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(32,621) |
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| Reserves for claims and claims' adjustment expenses, end of the period |
462,419 |
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376,972 |
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| Reinsurance share, end of the period |
(3,922) |
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(3,420) |
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| Total |
$ |
458,497
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$ |
373,552
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| Schedule of Short and Long Duration Contracts within the Insurance Portfolio |
Allocation by Contract Type
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| Reserves for claims and claims' adjustment expenses, net of reinsurance |
Long-Duration |
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Short-Duration |
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Total |
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December 31, 2025 |
$ |
396,887 |
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$ |
61,610 |
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$ |
458,497 |
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March 31, 2025 |
$ |
289,275 |
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$ |
84,277 |
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$ |
373,552 |
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