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STATUTORY CAPITAL REQUIREMENTS (Tables) | 3 Months Ended
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Jun. 30, 2024
Broker-Dealer [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 June 30, 2024 for each of the regulated entities that is material for our condensed consolidated financial statements.
(amounts in thousands) |  | Regulated activities |  | Net Capital/Eligible Equity |  | Required Minimum capital/solvency |  | Excess regulatory capital |  | Retained earnings
Freedom KZ |  | Brokerage |  | $ | 98,663 |  |  | $ | 392 |  |  | $ | 98,271 |  |  | $ | 119,274 |
Freedom Bank KZ |  | Bank |  | 287,384 |  |  | 180,584 |  |  | 106,800 |  |  | 158,915 |
Freedom Life |  | Life Insurance |  | 42,612 |  |  | 11,746 |  |  | 30,866 |  |  | 65,887 |
Freedom EU |  | Brokerage |  | 269,057 |  |  | 10,971 |  |  | 258,086 |  |  | 567,393 |
Freedom Insurance |  | Property and Casual Insurance |  | 31,981 |  |  | 11,746 |  |  | 20,235 |  |  | 23,447 |
Freedom Global |  | Brokerage |  | 133,246 |  |  | 22,597 |  |  | 110,649 |  |  | 161,302 |
Freedom Armenia ("Freedom AR") |  | Brokerage |  | 13,055 |  |  | 775 |  |  | 12,280 |  |  | 12,791 |
Other regulated operating subsidiaries |  | Other |  | 9,304 |  |  | 154 |  | 9,150 |  |  | (17,652) |
|  |  |  | $ | 885,302 |  |  | $ | 238,965 |  |  | $ | 646,337 |  |  | $ | 1,091,357 |
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 condensed 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 |  |  | $ | 824,384 |

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- 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/1943274/2147477270/942-505-50-1 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/1943274/2147477270/942-505-50-1B + Details
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