Freedom Holding Corp receives insurance ratings from Moody’s

NEW YORK, Sept. 04, 2026 /CourierPR/ -- Freedom Holding Corp., a multinational financial services company, has received its first insurance financial strength ratings from Moody’s, marking a significant milestone in its development. Freedom Finance Insurance JSC, doing business as Freedom Insurance, was assigned a Ba1 rating in both local and foreign currencies, while its sister company, Freedom Life JSC, received a Baa3 rating. Both ratings have a stable outlook.

The Baa3 rating bestowed upon Freedom Life signifies the company’s first investment-grade recognition from Moody’s, underscoring its robust financial position. The ratings agency cited Freedom Insurance’s market position, asset quality, conservative investment strategy, and capital adequacy as key strengths. In 2025, the company held a market share of approximately 10% in Kazakhstan’s non-life insurance market, ranking third by gross written premiums. Around 90% of its invested assets were in fixed-income instruments.

Freedom Life, the other rated entity, is one of Kazakhstan’s three largest life insurers, accounting for about 20% of the market by premiums in 2025. Moody’s highlighted the company’s asset quality, capitalization, and profitability as significant strengths.

Freedom Holding Corp. CEO Timur Turlov expressed optimism about the ratings, stating, "Moody’s ratings for our insurance companies confirm that within the Freedom ecosystem, we can support not only the rapid growth of the ecosystem as a whole, but also the development of each individual business. We see significant potential in combining traditional insurance products with modern technology, which allows us to offer the market more effective solutions, reduce our own costs, and launch unique products."

The integration of these insurance entities into the broader Freedom Holding Corp. ecosystem is seen as a key factor in their success. The shared brand, cross-selling opportunities, and the Freedom SuperApp contribute to reaching customers across the ecosystem. By March 2026, the SuperApp had surpassed 5 million registered users, further solidifying the company’s presence.

Freedom Holding Corp. operates in 24 countries, including Kazakhstan, the United States, multiple EU countries, Uzbekistan, and Armenia. The company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, encompassing Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom Insurance, as well as a lifestyle segment that includes Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are listed on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. The company is regulated by the U.S. Securities and Exchange Commission (SEC) and its common stock is included in the Russell 3000 Index.