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STATUTORY CAPITAL REQUIREMENTS (Tables)

3 Months Ended

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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- References

No definition available.

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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

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