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Assets And Policyholder Liabilities Under Insurance And Investment Contracts
 3 Months Ended
Sep. 30, 2025
Assets And Policyholder Liabilities Under Insurance And Investment Contracts [Abstract]  
Assets And Policyholder Liabilities Under Insurance And Investment Contracts
8.
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 three
months ended September 30, 2025:
Reinsurance
Assets
(1)
Insurance
contracts
(2)
Balance as of June 30, 2025
$
1,837
$
(2,644)
Increase in policyholder benefits under insurance contracts
107
(3,062)
Claims and decrease in policyholders’ benefits under insurance contracts
55
2,882
Foreign currency adjustment
(3)
56
(78)
Balance as of September 30, 2025
$
2,055
$
(2,902)
(1) Included in other long-term assets (refer to Note 6);
(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 various 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 estimate
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
three months
ended September 30, 2025:
Assets
(1)
Investment
contracts
(2)
Balance as of June 30, 2025
$
133
$
(125)
Increase in policy holder benefits under investment contracts
1
(1)
Foreign currency adjustment
(3)
(4)
(4)
Balance as of September 30, 2025
$
130
$
(130)
(1) Included in other long-term assets (refer to Note 6);
(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.