What is the long-term trend for Freedom Holding's insurance claims incurred, net of reinsurance?

Over 3 years (2022 to 2025), Freedom Holding's insurance claims incurred, net of reinsurance has grown at a 76.3% compound annual growth rate (CAGR), from $54.45M to $298.11M.

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

Screener

Segments

By segment

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Insurance$77.94M-25.4%

Banking$0—

Brokerage$0—

Other$0—

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 / equity0×0.0×

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

Line item	Three Months Ended December 31, 2025	Three Months Ended December 31, 2024	Nine Months Ended December 31, 2025	Nine Months Ended December 31, 2024
Expense:
Fee and commission expense	$33,691	$93,927	$182,724	$264,911
Interest expense	127,915	131,136	343,584	401,519
Insurance claims incurred, net of reinsurance	77,937	104,511	238,145	218,504
Payroll and bonuses	124,084	77,395	310,328	201,129
Professional services	15,963	10,955	39,484	26,468
Stock compensation expense	15,352	13,417	53,902	36,088
Advertising and sponsorship expense (including $10,759 and $5,894 from related parties for the three months ended, and $21,164 and $12,583 for the nine months ended)	36,628	41,035	88,593	95,364

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Freedom Holding's insurance claims incurred, net of reinsurance?: Freedom Holding (FRHC) reported insurance claims incurred, net of reinsurance of $77.94M in Q4 2025.
How has Freedom Holding's insurance claims incurred, net of reinsurance changed year-over-year?: Freedom Holding's 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 claims incurred, net of reinsurance?: Over 3 years (2022 to 2025), Freedom Holding's insurance claims incurred, net of reinsurance has grown at a 76.3% compound annual growth rate (CAGR), from $54.45M to $298.11M.