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SEGMENT REPORTING
 3 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The following tables summarize the Group's Statement of Operations by its reportable segments. There are no revenues from transactions between the segments and intercompany balances have been eliminated for separate disclosure:
Three months ended June 30, 2024
STATEMENTS OF OPERATIONS
BrokerageBankingInsuranceOtherTotal
Fee and commission income
$97,943 $2,796 $115 $14,635 $115,489 
Net gain/(loss) on trading securities874 (50,007)139 (3,108)(52,102)
Interest income62,789 146,063 15,699 1,453 226,004 
Insurance underwriting income— — 129,408 — 129,408 
Net gain/(loss) on foreign exchange operations9,957 (19,695)1,120 16,707 8,089 
Net gain on derivative876 11,618 — — 12,494 
Other income, net
2,477 427 782 7,647 11,333 
TOTAL REVENUE, NET174,916 91,202 147,263 37,334 450,715 
Fee and commission expense5,677 2,526 64,887 7,057 80,147 
Interest expense34,621 99,887 3,883 7,327 145,718 
Insurance claims incurred, net of reinsurance— — 47,309 — 47,309 
Payroll and bonuses25,251 6,117 6,861 19,295 57,524 
Professional services2,389 96 277 4,506 7,268 
Stock compensation expense5,315 1,956 875 2,469 10,615 
Advertising expense11,944 1,064 350 3,843 17,201 
General and administrative expense10,213 12,385 5,218 17,289 45,105 
(Recovery of)/provision for allowance for expected credit losses
(329)(1,121)325 (645)(1,770)
TOTAL EXPENSE95,081 122,910 129,985 61,141 409,117 
INCOME BEFORE INCOME TAX$79,835 $(31,708)$17,278 $(23,807)$41,598 
Income tax (expense)/benefit(10,204)3,225 (3,475)3,115 (7,339)
NET INCOME
$69,631 $(28,483)$13,803 $(20,692)$34,259 
Three months ended June 30, 2023
STATEMENTS OF OPERATIONS
BrokerageBankingInsuranceOtherTotal
Fee and commission income
$63,972 $13,166 $42 $21,523 $98,703 
Net gain/(loss) on trading securities9,167 14,520 9,104 (975)31,816 
Interest income32,209 99,094 16,008 2,038 149,349 
Insurance underwriting income— — 44,889 — 44,889 
Net gain/(loss) on foreign exchange operations111 19,840 (429)(221)19,301 
Net (loss)/gain on derivative(5)(30,774)— 174 (30,605)
Other income/(expense), net616 (192)763 1,570 2,757 
TOTAL REVENUE, NET106,070 115,654 70,377 24,109 316,210 
Fee and commission expense5,858 3,983 17,424 1,419 28,684 
Interest expense21,238 62,699 8,419 2,690 95,046 
Insurance claims incurred, net of reinsurance— — 21,514 — 21,514 
Payroll and bonuses12,499 9,512 3,326 6,293 31,630 
Professional services2,327 80 126 4,092 6,625 
Stock compensation expense789 62 37 345 1,233 
Advertising expense4,788 2,036 145 1,131 8,100 
General and administrative expense8,457 6,398 1,249 8,371 24,475 
Provision for allowance for expected credit losses
240 11,284 1,222 1,580 14,326 
TOTAL EXPENSE56,196 96,054 53,462 25,921 231,633 
INCOME BEFORE INCOME TAX$49,874 $19,600 $16,915 $(1,812)$84,577 
Income tax (expense)/benefit(2,679)— 37 (14,014)(16,656)
NET INCOME
$47,195 $19,600 $16,952 $(15,826)$67,921 
The following tables summarize the Company's total assets and total liabilities by its business segments. Intercompany balances have been eliminated for separate disclosure:
June 30, 2024
BrokerageBankingInsuranceOtherTotal
Total assets$2,887,774 $4,788,782 $545,868 $261,136 $8,483,560 
Total liabilities2,175,457 4,384,736 411,274 359,914 7,331,381 
Net assets$712,317 $404,046 $134,594 $(98,778)$1,152,179 
March 31, 2024
BrokerageBankingInsuranceOtherTotal
Total assets$2,586,803 $4,939,626 $529,517 $245,984 $8,301,930 
Total liabilities1,973,887 4,389,745 402,865 368,475 7,134,972 
Net assets$612,916 $549,881 $126,652 $(122,491)$1,166,958 
Brokerage
Companies in the Brokerage segment offer securities brokerage, securities dealing for customers and for our own account, market making activities, investment research, investment counseling, underwriting and market-making services to a global client base of corporations, investors, financial institutions, merchants, government and municipal entities. Companies in the Brokerage segment also conduct proprietary securities trading.
The Group's services in this segment include providing clients with access to the world's largest stock exchanges and a gateway to global investment opportunities. Additionally, the Group's offerings in this segment include professional securities analytics, empowering clients with valuable insights and market intelligence to make informed investment decisions. To ensure a seamless experience, the Group provides user-friendly trading applications that offer convenience and flexibility.
Banking
Company in the Banking segment generates banking service fees by providing services that include lending, deposit services, payment card services, money transfers, correspondent accounts, supporting both individual and corporate clients with innovative digital financial solutions. To ensure a seamless experience, it provides user-friendly trading applications that offer convenience and flexibility. Companies in the Banking segment also conduct proprietary securities trading activities.
Insurance
Companies in the Insurance segment offer products including life insurance, obligatory insurance, tourist medical health insurance and auto insurance. These insurance products are designed to offer comprehensive coverage and tailored solutions to protect individuals, property, auto and businesses in the event of unforeseen events or risks. Companies in the Insurance segment also conduct proprietary securities trading activities.
Other

Activities of companies in the Other segment include provision of payment processing services, financial educational center services, financial intermediary center services, financial consulting services, administrative management services, telecommunication services information processing services, entertainment ticketing sales, online air and railway ticket purchase aggregation and an online retail trade and e-commerce application. The Other segment also includes transactions conducted by the Company in connection with repurchase agreements.