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

Screener

Other segment segments

Insurance

$77.94M-25.4%

Banking

$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

STATEMENT OF OPERATIONS	Brokerage	Banking	Insurance	Other	Total
TOTAL REVENUE, NET	209,603	235,538	129,874	53,606	628,621
Fee and commission expense	14,332	6,336	10,312	2,711	33,691
Interest expense	9,327	89,541	1,444	27,603	127,915
Insurance claims incurred, net of reinsurance	—	—	77,937	—	77,937
Payroll and bonuses	49,470	23,863	9,394	41,357	124,084
Professional services	3,050	706	1,208	10,999	15,963
Stock compensation expense	5,576	3,312	711	5,753	15,352
Advertising and sponsorship expense	10,925	360	506	24,837	36,628

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Freedom Holding's brokerage — insurance claims incurred, net of reinsurance?: Freedom Holding (FRHC) reported brokerage — insurance claims incurred, net of reinsurance of $0 in Q4 2025.
What does brokerage — insurance claims incurred, net of reinsurance mean?: The total costs associated with insurance claims filed by policyholders, net of any recoveries from reinsurance providers. This is a primary expense metric for assessing the underwriting profitability of the insurance business.