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

Other segment segments

Banking
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Brokerage
$0
Other
$0

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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: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 OPERATIONSBrokerageBankingInsuranceOtherTotal
TOTAL REVENUE, NET209,603235,538129,87453,606628,621
Fee and commission expense14,3326,33610,3122,71133,691
Interest expense9,32789,5411,44427,603127,915
Insurance claims incurred, net of reinsurance77,93777,937
Payroll and bonuses49,47023,8639,39441,357124,084
Professional services3,0507061,20810,99915,963
Stock compensation expense5,5763,3127115,75315,352
Advertising and sponsorship expense10,92536050624,83736,628

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Freedom Holding's insurance — insurance claims incurred, net of reinsurance?
Freedom Holding (FRHC) reported insurance — insurance claims incurred, net of reinsurance of $77.94M in Q4 2025.
How has Freedom Holding's insurance — insurance claims incurred, net of reinsurance changed year-over-year?
Freedom Holding's insurance — insurance claims incurred, net of reinsurance decreased by 25.4% year-over-year, from $104.51M to $77.94M.
What is the long-term trend for Freedom Holding's insurance — insurance claims incurred, net of reinsurance?
Over 3 years (2022 to 2025), Freedom Holding's insurance — insurance claims incurred, net of reinsurance has grown at a 76.3% compound annual growth rate (CAGR), from $54.45M to $298.11M.
What does insurance — 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 represents the primary cost of goods sold for an insurance business.

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