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Assets And Policyholder Liabilities Under Insurance And Investment Contracts | 12 Months Ended
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Jun. 30, 2025
Assets And Policyholder Liabilities Under Insurance And Investment Contracts [Abstract] |
Assets And Policyholder Liabilities Under Insurance And Investment Contracts | 11. ASSETS AND POLICYHOLDER LIABILITIES UNDER INSURANCE AND INVESTMENT CONTRACTS Reinsurance assets and policyholder liabilities under insurance contracts Summarized below is the movement in reinsurance assets and policyholder liabilities under insurance contracts during the years ended June 30, 2025 and 2024: Reinsurance Assets (1) Insurance contracts (2) Balance as of July 1, 2023 $ 1,040 $ (1,600) Increase in policy holder benefits under insurance contracts 844 (7,610) Claims and policyholders’ benefits under insurance contracts (464) 7,043 Foreign currency adjustment (3) 49 (74) Balance as of June 30, 2024 1,469 (2,241) Increase in policy holder benefits under insurance contracts 461 (10,127) Claims and policyholders’ benefits under insurance contracts (131) 9,781 Foreign currency adjustment (3) 38 (57) Balance as of June 30, 2025 $ 1,837 $ (2,644) (1) Included in other long-term assets (refer to Note 9); (2) Included in other long-term liabilities; (3) Represents the effects of the fluctuations of the ZAR against the U.S. dollar. The Company has agreements with reinsurance companies in order to limit its losses from large insurance contracts, however, if the reinsurer is unable to meet its obligations, the Company retains the liability. The value of insurance contract liabilities is based on the best estimate assumptions of future experience plus prescribed margins, as required in the markets in which these products are offered, namely South Africa. The process of deriving the best estimates assumptions plus prescribed margins includes assumptions related to claim reporting delays (based on average industry experience). Assets and policyholder liabilities under investment contracts Summarized below is the movement in assets and policyholder liabilities under investment contracts during the years ended June 30, 2025 and 2024: Assets (1) Investment contracts (2) Balance as of July 1, 2023 $ 257 $ (241) Increase in policy holder benefits under investment contracts 4 (4) Claims and decrease in policyholders’ benefits under investment contracts (44) 44 Foreign currency adjustment (3) (1) (15) Balance as of June 30, 2024 216 (216) Increase in policy holder benefits under investment contracts 5 (5) Claims and decrease in policyholders’ benefits under investment contracts (101) 101 Foreign currency adjustment (3) 13 (5) Balance as of June 30, 2025 $ 133 $ (125) (1) Included in other long-term assets (refer to Note 9); (2) Included in other long-term liabilities; (3) Represents the effects of the fluctuations of the ZAR against the U.S. dollar. The Company does not offer any investment products with guarantees related to capital or returns.

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- Definition The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479838/944-20-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479838/944-20-50-4 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477548/944-605-55-12 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477548/944-605-55-15 + Details
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