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Freedom Holding FRHC Banking — Insurance premiums earned, net of reinsurance

Other segment segments

Insurance
$106.92M-39.8%
Brokerage
$0
Other
$0

Similar metrics at other companies

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EGInsurance — Underwriting gain (loss)
-$161M+87.1%
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EGReinsurance — Underwriting gain (loss)
$256M-10.5%
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SPNTReinsurance — Underwriting Income (Loss)
$19.6M-30.2%
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SPNTInsurance & Services — Underwriting Income (Loss)
$35.4M-10.4%
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EGReinsurance Treaty — Underwriting Income (Loss)
$315M+358%
NOD
NODKAll Other — Underwriting Income Loss
$2.69M+585%

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

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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

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Operating cash flow$717.8M
CapEx$23.0M-15.8%
Free cash flow-$1.6B-220%

Valuation

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Market cap$9.52B-18.2%
Enterprise value$8.6B-14.1%
P/E62.1×
P/S4.3×-1.2×

Profitability

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Gross margin96.4%-2.1pp
Operating margin-28%
Net margin7%
FCF margin-0.6%

Returns & leverage

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Return on equity11.3%
Debt / equity0.0×
Current ratio

Where this comes from

Reported directly by Freedom Holding in its filing.

Tagged under the XBRL concept us-gaap:UnderwritingIncomeLoss.

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
STATEMENT OF OPERATIONSBrokerageBankingInsuranceOtherTotal
Fee and commission income$132,194$(18,330)$12,225$126,089
Net (loss)/gain on trading securities(2,564)51,771(569)(5,160)43,478
Interest income79,620126,76419,8592,551228,794
Insurance premiums earned, net of reinsurance106,924106,924
Net (loss)/gain on foreign exchange operations(9,161)53,739(283)1,47945,774
Net gain on derivative8,5919,6318,31826,540
Sales of goods and services29,14829,148
Other income92311,9633,9435,04521,874

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Freedom Holding's banking — insurance premiums earned, net of reinsurance?
Freedom Holding (FRHC) reported banking — insurance premiums earned, net of reinsurance of $0 in Q4 2025.
What does banking — insurance premiums earned, net of reinsurance mean?
This metric measures the net revenue retained from insurance policies after accounting for reinsurance cessions. It reflects the scale and underwriting performance of the company's insurance business segment.

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