XML 114 R75.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2

STATUTORY CAPITAL REQUIREMENTS (Tables)

12 Months Ended

Mar. 31, 2024

Equity [Abstract]

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

The table below presents net capital/eligible equity, required minimum capital, excess regulatory capital and retained earnings as of March 31, 2024 for each of the regulated entities that is material for our consolidated financial statements.

(amounts in thousands)						Regulated activities						Net Capital/Eligible Equity						Required Minimum capital/solvency						Excess regulatory capital						Retained earnings
Freedom KZ						Brokerage						$	107,064					$	413					$	106,651					$	122,416
Freedom Bank KZ						Bank						329,738						196,594						133,144						193,376
Freedom Life						Life Insurance						50,757						12,395						38,362						57,085
Freedom EU						Brokerage						269,424						10,868						258,556						319,484
Freedom Insurance						Property and Casual Insurance						30,011						12,395						17,616						19,773
Freedom Global						Brokerage						16,428						12,352						4,076						117,468
Freedom Armenia ("Freedom AR")						Brokerage						7,317						763						6,554						6,447
Other regulated operating subsidiaries						Other						8,533						155						8,378						(11,665)
												$	819,272					$	245,935					$	573,337					$	824,385

The table below presents net capital/eligible equity, required minimum capital, excess regulatory capital and retained earnings as of March 31, 2023 for each of the regulated entities that is material for our consolidated financial statements.

(amounts in thousands)						Regulated activities						Net Capital/Eligible Equity						Required Minimum capital/solvency						Excess regulatory capital						Retained earnings
Freedom KZ						Brokerage						$	109,952					$	817					$	109,135					$	118,213
Freedom Bank KZ						Bank						71,630						22,138						49,492						99,984
Freedom Life						Life Insurance						30,252						10,171						20,081						37,239
Freedom EU						Brokerage						28,597						7,759						20,838						185,918
Freedom Insurance						Property and Casual Insurance						21,888						10,171						11,717						3,159
Freedom Global						Brokerage						11,133						9,135						1,998						18,924
Freedom AR						Brokerage						1,001						774						227						(283)
Other regulated operating subsidiaries						Other						9,007						606						8,401						(21,514)
												$	283,460					$	61,571					$	221,889					$	441,640

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the capital amounts and ratios as of the balance sheet date, indicating whether the entity or entities are in compliance with regulatory capital requirements, by entity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480696/942-505-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480696/942-505-50-1B

+ Details

Name:	us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration