Annual report [Section 13 and 15(d), not S-K Item 405]

RECAST - Condensed consolidated statement of operations and other comprehensive income (Details)

v3.26.1
RECAST - Condensed consolidated statement of operations and other comprehensive income (Details) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Revenue:      
Fee and commission income $ 489,765 $ 505,026 $ 440,333
Net gain on trading securities 158,824 (57,810) 133,854
Interest income 882,478 864,453 828,224
Net insurance revenue 402,396 571,224 245,122
Net gain on foreign exchange operations 67,680 51,684 72,245
Net loss on derivatives 66,772 12,404 (103,794)
Sales of goods and services 97,446 40,102 21,576
Other income 25,930 17,072 9,696
TOTAL REVENUE, NET 2,191,291 2,004,155 1,647,256
Expense:      
Fee and commission expense 218,565 346,502 154,716
Interest expense 489,036 535,895 501,111
Insurance claims and policyholders benefits, net of reinsurance 259,309 260,488 117,273
Payroll and bonuses 426,471 287,347 180,283
Professional services 46,258 28,924 34,238
Stock compensation expense 68,047 59,592 22,719
Advertising and sponsorship expense 103,304 124,627 38,327
General and administrative expense 222,339 162,474 120,888
Allowance for expected credit losses 52,365 62,445 21,225
Cost of sales 79,632 31,278 17,538
TOTAL EXPENSE 1,965,326 1,899,572 1,208,318
INCOME BEFORE INCOME TAX 225,965 104,583 438,938
Income tax expense (72,637) (28,425) (60,419)
NET INCOME 153,328 76,158 378,519
Less: Net loss attributable to non-controlling interest in subsidiary 0 (129) (588)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS 153,328 76,287 379,107
OTHER COMPREHENSIVE INCOME      
Change in unrealized (loss)/gain on investments available-for-sale, net of tax effect (4,771) 4,364 6,196
Reclassification adjustment for net realized (gain)/loss on available-for-sale investments disposed of in the period, net of tax effect (4,937) 681 (3,209)
Change in discount rate on liability for future policy benefits (881) 6,807 (4,811)
Foreign currency translation adjustments 54,046 (104,102) 12,075
OTHER COMPREHENSIVE INCOME/(LOSS) 43,457 (92,250) 10,251
COMPREHENSIVE INCOME/(LOSS) BEFORE NON-CONTROLLING INTERESTS 196,785 (16,092) 388,770
Less: Comprehensive loss attributable to non-controlling interest in subsidiary 0 (129) (588)
COMPREHENSIVE INCOME/(LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 196,785 (15,963) 389,358
As previously reported      
Revenue:      
Fee and commission income   505,026 440,333
Net gain on trading securities   (57,810) 133,854
Interest income   864,453 828,224
Net insurance revenue   617,596 264,218
Net gain on foreign exchange operations   51,684 72,245
Net loss on derivatives   12,404 (103,794)
Sales of goods and services   40,102 21,576
Other income   17,072 9,696
TOTAL REVENUE, NET   2,050,527 1,666,352
Expense:      
Fee and commission expense   346,074 154,351
Interest expense   535,895 501,111
Insurance claims and policyholders benefits, net of reinsurance   298,109 139,561
Payroll and bonuses   288,163 181,023
Professional services   28,924 34,238
Stock compensation expense   59,592 22,719
Advertising and sponsorship expense   124,627 38,327
General and administrative expense   162,474 120,888
Allowance for expected credit losses   62,445 21,225
Cost of sales   31,278 17,538
TOTAL EXPENSE   1,937,581 1,230,981
INCOME BEFORE INCOME TAX   112,946 435,371
Income tax expense   (28,425) (60,419)
NET INCOME   84,521 374,952
Less: Net loss attributable to non-controlling interest in subsidiary   (129) (588)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS   84,650 375,540
OTHER COMPREHENSIVE INCOME      
Change in unrealized (loss)/gain on investments available-for-sale, net of tax effect   4,364 6,196
Reclassification adjustment for net realized (gain)/loss on available-for-sale investments disposed of in the period, net of tax effect   681 (3,209)
Change in discount rate on liability for future policy benefits   0 0
Foreign currency translation adjustments   (104,102) 12,075
OTHER COMPREHENSIVE INCOME/(LOSS)   (99,057) 15,062
COMPREHENSIVE INCOME/(LOSS) BEFORE NON-CONTROLLING INTERESTS   (14,536) 390,014
Less: Comprehensive loss attributable to non-controlling interest in subsidiary   (129) (588)
COMPREHENSIVE INCOME/(LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS   (14,407) 390,602
Effect of adoption of ASU 2018-12 | Cumulative effect of adoption of ASU 2018-12      
Revenue:      
Fee and commission income   0 0
Net gain on trading securities   0 0
Interest income   0 0
Net insurance revenue   (46,372) (19,096)
Net gain on foreign exchange operations   0 0
Net loss on derivatives   0 0
Sales of goods and services   0 0
Other income   0 0
TOTAL REVENUE, NET   (46,372) (19,096)
Expense:      
Fee and commission expense   428 365
Interest expense   0 0
Insurance claims and policyholders benefits, net of reinsurance   (37,621) (22,288)
Payroll and bonuses   (816) (740)
Professional services   0 0
Stock compensation expense   0 0
Advertising and sponsorship expense   0 0
General and administrative expense   0 0
Allowance for expected credit losses   0 0
Cost of sales   0 0
TOTAL EXPENSE   (38,009) (22,663)
INCOME BEFORE INCOME TAX   (8,363) 3,567
Income tax expense   0 0
NET INCOME   (8,363) 3,567
Less: Net loss attributable to non-controlling interest in subsidiary   0 0
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS   (8,363) 3,567
OTHER COMPREHENSIVE INCOME      
Change in unrealized (loss)/gain on investments available-for-sale, net of tax effect   0 0
Reclassification adjustment for net realized (gain)/loss on available-for-sale investments disposed of in the period, net of tax effect   0 0
Change in discount rate on liability for future policy benefits   6,807 (4,811)
Foreign currency translation adjustments   0 0
OTHER COMPREHENSIVE INCOME/(LOSS)   6,807 (4,811)
COMPREHENSIVE INCOME/(LOSS) BEFORE NON-CONTROLLING INTERESTS   (1,556) (1,244)
Less: Comprehensive loss attributable to non-controlling interest in subsidiary   0 0
COMPREHENSIVE INCOME/(LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS   $ (1,556) $ (1,244)