| Schedule of revision of prior period statements |
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Three months ended June 30, 2025 |
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As previsouly reported |
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Effect of adoption of ASU 2018-12 |
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As recasted |
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| Revenue: |
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| Fee and commission income |
$ |
107,642 |
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$ |
— |
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$ |
107,642 |
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| Net gain on trading securities |
45,602 |
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— |
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45,602 |
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| Interest income |
198,571 |
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— |
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198,571 |
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| Net insurance revenue |
153,257 |
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(9,442) |
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143,815 |
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| Net loss on foreign exchange operations |
(12,893) |
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— |
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(12,893) |
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| Net gain on derivatives |
15,459 |
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— |
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15,459 |
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| Sales of goods and services |
17,224 |
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— |
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17,224 |
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| Other income |
8,561 |
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— |
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8,561 |
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| TOTAL REVENUE, NET |
$ |
533,423
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$ |
(9,442) |
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$ |
523,981
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| Expense: |
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| Fee and commission expense |
$ |
84,871 |
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$ |
(517) |
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$ |
84,354 |
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| Interest expense |
113,410 |
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— |
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113,410 |
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| Insurance claims and policyholder benefits, net of reinsurance |
80,285 |
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(15,289) |
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64,996 |
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| Payroll and bonuses |
93,101 |
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(596) |
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92,505 |
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| Professional services |
13,024 |
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— |
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13,024 |
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| Stock compensation expense |
23,054 |
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— |
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23,054 |
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| Advertising and sponsorship expense |
24,463 |
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— |
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24,463 |
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| General and administrative expense |
41,975 |
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— |
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41,975 |
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| Allowance for expected credit losses |
4,822 |
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— |
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4,822 |
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| Cost of sales |
13,903 |
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— |
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13,903 |
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| TOTAL EXPENSE |
$ |
492,908
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$ |
(16,402) |
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$ |
476,506
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| INCOME BEFORE INCOME TAX |
40,515
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6,960
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47,475
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| Income tax expense |
(10,119) |
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— |
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(10,119) |
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| NET INCOME |
$ |
30,396
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$ |
6,960
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$ |
37,356
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| Less: Net loss attributable to non-controlling interest in subsidiary |
— |
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— |
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— |
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| NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS |
$ |
30,396
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$ |
6,960
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$ |
37,356
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| OTHER COMPREHENSIVE INCOME |
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| Change in unrealized loss on investments available-for-sale, net of tax effect |
2,998 |
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— |
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2,998 |
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| Reclassification adjustment for net realized loss on available-for-sale investments disposed of in the period, net of tax effect |
174 |
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— |
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174 |
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| Change in discount rate on liability for future policy benefits |
— |
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(848) |
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(848) |
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| Foreign currency translation adjustments |
(41,804) |
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— |
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(41,804) |
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| OTHER COMPREHENSIVE LOSS |
(38,632) |
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(848) |
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(39,480) |
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| COMPREHENSIVE (LOSS)/INCOME BEFORE NON-CONTROLLING INTERESTS |
$ |
(8,236) |
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$ |
6,112
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$ |
(2,124) |
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| Less: Comprehensive loss attributable to non-controlling interest in subsidiary |
— |
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— |
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— |
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| COMPREHENSIVE (LOSS)/INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS |
$ |
(8,236) |
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$ |
6,112
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$ |
(2,124) |
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