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Freedom Holding FRHC Insurance — Agency fee expense

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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$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 frhc:AgencyFeesExpense.

The source filing: Freedom Holding’s 10-K, filed June 1, 2026.

Filed
Jun 1, 2026, 4:21 PM EDT
Fiscal year
FY2026
Accession
0000924805-26-000012
Line itemBrokerageBankingInsuranceOtherTotal
Bank services(74,335)(74,335)
Other fee and commission income5491,6323,9896,170
Total fee and commission income$514,305$(72,696)$48,156$489,765
Agency fee expense19211122,981123,211
Brokerage services45,580295215946,036
Bank services6,69823,64936541431,126
Exchange services6,3031696,472
Central Depository services1,3231,323

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Freedom Holding's insurance — agency fee expense?
Freedom Holding (FRHC) reported insurance — agency fee expense of $5.67M in Q1 2026.
How has Freedom Holding's insurance — agency fee expense changed year-over-year?
Freedom Holding's insurance — agency fee expense decreased by 92.0% year-over-year, from $70.92M to $5.67M.
What is the long-term trend for Freedom Holding's insurance — agency fee expense?
Over 3 years (2023 to 2026), Freedom Holding's insurance — agency fee expense has grown at a 75.4% compound annual growth rate (CAGR), from $22.81M to $122.98M.
What does insurance — agency fee expense mean?
Costs incurred by the insurance segment for commissions and fees paid to external agents or brokers who distribute insurance products. This represents a primary variable cost of acquiring new insurance business.

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