Freedom Holding Corp. Annual report pursuant to Section 13 and 15(d)

INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES (Tables)

12 Months Ended

Mar. 31, 2023

As of March 31, 2023, and March 31, 2022, insurance and reinsurance receivables of the Company was comprised of the following:


	March 31, 2023		March 31, 2022
Assets:			(Recasted)

Amounts due from policyholders	$	9,699	$	3,500
Claims receivable from reinsurance	1,087		769
Amounts due from reinsured	555		23
Less provision for impairment losses	(1,325)		(343)
Insurance and reinsurance receivables:	10,016		3,949

Unearned premium reserve, reinsurers’ share	2,379		143
Reserves for claims and claims’ adjustment expenses, reinsurers’ share	1,390		1,620

Total	$	13,785	$	5,712

As of March 31, 2023, and March 31, 2022, insurance and reinsurance payable of the Company was comprised of the following:


	March 31, 2023		March 31, 2022
Liabilities:			(Recasted)

Amounts payable to agents and brokers	$	2,466	$	1,981
Amounts payable to reinsurers	2,002		402
Amounts payable to insured	1,807		685
Insurance and reinsurance payables:	6,275		3,068

Unearned premium reserve	43,082		17,985
Reserves for claims and claims’ adjustment expenses	133,145		101,034

Total	$	182,502	$	122,087