Freedom Holding (FRHC) Banking — Insurance claims incurred, net of reinsurance

Screener

Other segment segments

Insurance

$77.94M-25.4%

Brokerage

$0—

Other

$0—

Similar metrics at other companies

PRA

PRAWorkers' Compensation Insurance — Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance

$1.07B+804%

RNRProperty — Incurred Claims and Claim Expenses, Net of Reinsurance

$15.53B+506%

CVSHealth Insurance Product Line — Incurred Health Care Claims, Net of Reinsurance

$226.99B+107%

AXSReinsurance — Short-Duration Insurance Contracts, Incurred Claims and Allocated Claim Adjustment Expense, Net

$7.13B+106%

AFGProperty and casualty insurance — Incurred Claims and Allocated LAE, Net of Reinsurance

$28.8B+653%

CLOVInsurance segment — Net medical claims incurred

$610M+65.8%

Other financials

Income statement

See full

Revenue$503.1M+68.6%

Gross profit$477.9M+67.1%

Net income$8.0M—

EPS (diluted)$0.13—

Balance sheet

See full

Cash & equivalents$966.1M-41.3%

Total debt$48.8M+20.5%

Total equity$1.5B+21.6%

Total assets$13.2B+32.7%

Cash flow

See full

Operating cash flow$717.8M—

CapEx$23.0M-15.8%

Free cash flow-$1.6B-220%

Valuation

See full

Market cap$9.52B-18.2%

Enterprise value$8.6B-14.1%

P/E62.1×—

P/S4.3×-1.2×

Profitability

See full

Gross margin96.4%-2.1pp

Operating margin-28%—

Net margin7%—

FCF margin-0.6%—

Returns & leverage

See full

Return on equity11.3%—

Debt / equity0×0.0×

Current ratio1×—

Where this comes from

Reported directly by Freedom Holding in its filing.

Tagged under the XBRL concept frhc:InsuranceClaimsExpenseNetOfReinsurance.

The source filing: Freedom Holding’s 10-Q, filed February 9, 2026.

Filed: Feb 9, 2026, 4:25 PM EST
Fiscal quarter: Q3 FY2026
Calendar quarter: Q4 2025
Accession: 0000924805-26-000006

Line item	Three Months Ended December 31, 2025	Three Months Ended December 31, 2024	Nine Months Ended December 31, 2025	Nine Months Ended December 31, 2024
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

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Freedom Holding's banking — insurance claims incurred, net of reinsurance?: Freedom Holding (FRHC) reported banking — insurance claims incurred, net of reinsurance of $0 in Q4 2025.
What does banking — insurance claims incurred, net of reinsurance mean?: This metric represents the total costs associated with insurance claims filed by policyholders, net of any recoveries from reinsurance providers. It is a critical measure of underwriting discipline and the accuracy of actuarial risk assessment.