INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES

3 Months Ended

Jun. 30, 2023

Insurance [Abstract]

INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES

INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES

As of June 30, 2023, and March 31, 2023, insurance and reinsurance receivables of the Group was comprised of the following:

	June 30, 2023		March 31, 2023
Assets:
Amounts due from policyholders	$	7,448	$	9,699
Claims receivable from reinsurance	1,285		1,087
Amounts due from reinsured	333		555
Allowance for estimated uncollectible reinsurance	(1,502)		(1,325)
Insurance and reinsurance receivables:	7,564		10,016
Unearned premium reserve, reinsurers’ share	3,005		2,379
Reserves for claims and claims’ adjustment expenses, reinsurers’ share	1,640		1,390
Total	$	12,209	$	13,785

As of June 30, 2023, and March 31, 2023, insurance and reinsurance payable of the Group was comprised of the following:

	June 30, 2023		March 31, 2023
Liabilities:
Amounts payable to agents and brokers	2,494		2,466
Amounts payable to insured	2,692		1,807
Amounts payable to reinsurers	1,282		2,002
Insurance and reinsurance payables:	6,468		6,275
Unearned premium reserve	49,194		43,082
Reserves for claims and claims’ adjustment expenses	142,485		133,145
Total	$	198,147	$	182,502