What is Freedom Holding's underwriting?

Freedom Holding (FRHC) reported underwriting of $106.92M in Q4 2025.

How has Freedom Holding's underwriting changed year-over-year?

Freedom Holding's underwriting decreased by 39.8% year-over-year, from $177.47M to $106.92M.

What is the long-term trend for Freedom Holding's underwriting?

Over 3 years (2022 to 2025), Freedom Holding's underwriting has grown at a 103.8% compound annual growth rate (CAGR), from $72.98M to $617.6M.

Freedom Holding FRHC Underwriting

Segments

By segment

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Insurance$106.92M-39.8%

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$8.81B+10.6%

Enterprise value$7.89B+24.0%

P/E57.4×—

P/S4×0.0×

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 / equity0×0.0×

Current ratio1×—

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 underwriting?: Freedom Holding (FRHC) reported underwriting of $106.92M in Q4 2025.
How has Freedom Holding's underwriting changed year-over-year?: Freedom Holding's underwriting decreased by 39.8% year-over-year, from $177.47M to $106.92M.
What is the long-term trend for Freedom Holding's underwriting?: Over 3 years (2022 to 2025), Freedom Holding's underwriting has grown at a 103.8% compound annual growth rate (CAGR), from $72.98M to $617.6M.