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

Other segment segments

Banking
$0
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$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 us-gaap:UnderwritingIncomeLoss.

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 insurance — insurance premiums earned, net of reinsurance?
Freedom Holding (FRHC) reported insurance — insurance premiums earned, net of reinsurance of $106.92M in Q4 2025.
How has Freedom Holding's insurance — insurance premiums earned, net of reinsurance changed year-over-year?
Freedom Holding's insurance — insurance premiums earned, net of reinsurance decreased by 39.8% year-over-year, from $177.47M to $106.92M.
What is the long-term trend for Freedom Holding's insurance — insurance premiums earned, net of reinsurance?
Over 3 years (2022 to 2025), Freedom Holding's insurance — insurance premiums earned, net of reinsurance has grown at a 103.8% compound annual growth rate (CAGR), from $72.98M to $617.6M.
What does insurance — insurance premiums earned, net of reinsurance mean?
The portion of insurance premiums that corresponds to the expired period of the policy, after accounting for premiums ceded to reinsurers. This is the primary revenue stream for the insurance segment.