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Insurance and Other Income
 12 Months Ended
Mar. 31, 2024
Insurance Commissions and other income [Abstract]  
Insurance and Other Income Insurance and Other Income
Insurance and other income for the years ending March 31, 2024, 2023, and 2022 consist of:
 202420232022
Insurance revenue$59,237,299 $67,153,063 $56,270,249 
Tax return preparation revenue29,499,378 23,970,639 24,498,059 
Auto club membership revenue8,041,245 9,661,126 14,758,783 
Other7,907,619 7,424,855 3,993,083 
Insurance and other income$104,685,541 $108,209,683 $99,520,174 

The Company has a wholly-owned, captive insurance subsidiary that reinsures a portion of the credit insurance sold in connection with loans made by the Company. Certain coverages currently sold by the Company on behalf of the unaffiliated insurance carrier are ceded by the carrier to the captive insurance subsidiary, providing the Company with an additional source of income derived from the earned reinsurance premiums. Insurance premiums are ceded to the reinsurance subsidiary as written, and revenue is recognized over the life of the related insurance contracts. As of March 31, 2024, 2023, and 2022, the amount of net written premiums by the reinsurance subsidiary were $7.2 million, $9.0 million, and $9.8 million, respectively, and the amount of earned premiums were $8.2 million, $9.1 million, and $7.6 million, respectively.
The Company maintains a cash reserve for claims in an amount determined by the ceding company, and as of March 31, 2024 and 2023, the cash reserves were $4.9 million and $5.7 million, respectively.