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

Other segment segments

Insurance
$77.94M-25.4%
Banking
$0
Other
$0

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AFLCorporate and other — Benefits and claims, net
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EGInsurance — Policyholder Benefits And Claims Incurred Net
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RNRCasualty and Specialty — Net claims and claim expenses incurred (Notes 5 and 6)
$899.86M-19.7%

Other financials

Income statement

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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$8.81B+10.6%
Enterprise value$7.89B+24.0%
P/E57.4×
P/S0.0×

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 frhc:InsuranceClaimsExpenseNetOfReinsurance.

The official record: Freedom Holding’s 10-Q, filed February 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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 net cost of insurance claims paid out by the brokerage segment.
How do you interpret brokerage — insurance claims incurred, net of reinsurance?
A decrease relative to premiums is positive for profitability, while an increase may signal poor underwriting quality or adverse loss events.
How does brokerage — insurance claims incurred, net of reinsurance compare across companies?
Standard insurance loss ratio component.