Core Viewpoint - Huize Holding Limited has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. SEC, highlighting its position as a leading insurance technology platform in Asia [1]. Company Overview - Huize Holding Limited is a prominent insurance platform that connects consumers, insurance carriers, and distribution partners through data-driven and AI-powered solutions in Asia [3]. - The company targets mass affluent consumers and is committed to addressing their lifelong insurance needs [3]. - Huize's integrated insurance ecosystem encompasses the entire insurance life cycle, providing a wide range of insurance products, one-stop services, and a seamless transaction experience [3]. - By utilizing AI, data analytics, and digital capabilities, Huize enhances the insurance service chain with proprietary technology-enabled solutions for various functions including insurance consultation, user engagement, marketing, risk management, and claims service [3].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Huize Holding Limited (NASDAQ:HUIZ) Q4 2024 Earnings Conference Call March 24, 2025 8:00 AM ET Company Participants Kenny Lo - Investor Relations Manager Cunjun Ma - Founder and Chief Executive Officer Ron Tam - Chief Financial Officer Conference Call Participants Amy Chen - Citi Operator Ladies and gentlemen, thank you for standing by, and welcome to Huize’s Fourth Quarter and Full-Year 2024 Earnings Conference Call. At this time all participants’ are in a listen-only mode. After the management’s prepared ...

Core Viewpoint - Huize Holding Limited reported resilient business results for 2024, achieving record highs in gross written premiums (GWP) and first-year premiums (FYP), while maintaining non-GAAP profitability for the second consecutive year [3][10][18]. Financial and Operational Highlights - For the full year 2024, GWP reached RMB 6.2 billion (US$ 843.7 million), a 6.2% increase from RMB 5.8 billion in 2023. FYP also hit a record high of RMB 3.4 billion, up 30.5% year-over-year [10][13]. - The average FYP ticket size for savings products increased by 39.1% year-over-year to over RMB 75,000, indicating strong demand [4]. - The company served over 10.6 million insurance clients and partnered with 139 insurers, including 80 life and health insurance companies and 59 property and casualty insurers [10]. International Expansion - Revenue from international operations accounted for 18% of total revenue in 2024, with plans to increase this to 30% by 2026. The company is making progress in entering new markets such as Singapore and the Philippines [5][10]. - The acquisition of Global Care, a Vietnam-based insurtech company, has been a significant contributor to the growth of the international arm, Poni Insurtech [5]. Technology Integration - The integration of proprietary AI solutions, such as DeepSeek into the Huize App, has enhanced customer experience by providing real-time, personalized recommendations [6]. Fourth Quarter 2024 Financial Results - In Q4 2024, GWP facilitated was RMB 1,043.0 million (US$ 142.9 million), a decrease of 16.2% from RMB 1,245.3 million in Q4 2023. FYP accounted for RMB 557.9 million, a 33.3% increase year-over-year [6][12]. - Operating revenue for Q4 2024 was RMB 286.0 million (US$ 39.2 million), up 21.2% from RMB 236.0 million in Q4 2023, driven by increased FYP [7][14]. - Operating costs increased by 37.0% to RMB 186.8 million (US$ 25.6 million) due to higher channel expenses [8]. Profitability Metrics - The net loss attributable to common shareholders in Q4 2024 was RMB 2.9 million (US$ 0.4 million), compared to a net profit of RMB 18.0 million in Q4 2023. Non-GAAP net loss was RMB 1.3 million (US$ 0.2 million) [12][18].

Core Viewpoint - Huize Holding Limited, a leading insurance technology platform in Asia, is set to release its fourth quarter and full year 2024 unaudited financial results on March 24, 2025, before the U.S. market opens [1]. Group 1: Earnings Conference Call - The management team will conduct an earnings conference call at 8:00 A.M. Eastern Time on March 24, 2025, which corresponds to 8:00 P.M. Beijing/Hong Kong Time on the same day [2]. - Participants must register online in advance to receive dial-in numbers and a unique access PIN for the conference call [2]. Group 2: Company Overview - Huize Holding Limited connects consumers, insurance carriers, and distribution partners through data-driven and AI-powered solutions, targeting mass affluent consumers for their lifelong insurance needs [4]. - The company offers a comprehensive online-to-offline integrated insurance ecosystem that covers the entire insurance life cycle, providing a wide range of insurance products and streamlined transaction experiences [4]. - By leveraging AI and data analytics, Huize enhances the insurance service chain with proprietary technology-enabled solutions for various aspects such as consultation, user engagement, marketing, risk management, and claims service [4].

Core Insights - Huize Holding Limited has integrated DeepSeek into its Huize App, becoming the first in the insurance sector to embed an AI model into consumer-facing services, providing real-time, AI-powered insurance consultations and personalized recommendations [1][2][3] Company Overview - Huize is a leading insurance technology platform in Asia, connecting consumers, insurance carriers, and distribution partners through data-driven and AI-powered solutions, targeting mass affluent consumers for their lifelong insurance needs [4][6] - The company offers a comprehensive online-to-offline integrated insurance ecosystem that covers the entire insurance life cycle, providing a wide range of products and streamlined transaction experiences [4] AI Integration and Efficiency - The integration of DeepSeek enhances the Huize App's efficiency by 300% in recommendations, achieving a 91% accuracy rate in product matching, and offers 24/7 instant responses, allowing consumers to create customized virtual advisors [2][3] - The AI-driven system is part of Huize's "AI+" strategy, which includes previous introductions of an AI Marketing Assistant and a large language model for business development [3] International Expansion - Huize's international arm, Poni Insurtech, aims to introduce similar AI technology in Vietnam and expand into other high-growth ASEAN markets such as Indonesia and the Philippines [3][6]

Core Insights - Huize Holding Limited has integrated DeepSeek into its Huize App, becoming the first in the insurance sector to embed an AI model into consumer-facing services, providing real-time, AI-powered insurance consultations and personalized recommendations [1][3] - The system boasts a 300% increase in efficiency for recommendations and a 91% accuracy rate in product matching, offering 24/7 instant responses to users [2] - The updated Huize App aims to bridge the gap between complex insurance products and consumer demand for accessible services, empowering consumers to make informed decisions [3] Company Overview - Huize is a leading insurance technology platform in Asia, connecting consumers, insurance carriers, and distribution partners through data-driven and AI-powered solutions, targeting mass affluent consumers [4] - The company offers a comprehensive online-to-offline integrated insurance ecosystem that covers the entire insurance life cycle, providing a wide range of products and streamlined transaction experiences [4] - Huize's "AI+" strategy includes various AI tools, such as the AI Marketing Assistant and a large language model for business development, enhancing its service offerings [3] International Expansion - Huize's international arm, Poni Insurtech, aims to introduce similar AI technology in Vietnam and expand into other high-growth ASEAN markets like Indonesia and the Philippines [6] - Poni Insurtech focuses on building a pan-Asian digital insurance distribution platform, providing customized insurance solutions and digitalization services for insurers [6]

Core Insights - Huize Holding Limited released its 2024 Customer Service Report and "Xiao Ma Claim" Service Annual Review, highlighting its performance in customer service and claims settlement [1][5] Group 1: Customer Service Performance - Huize served over 1.3 million families with more than 12 million insurance policies facilitated in 2024 [2] - The company achieved a customer satisfaction rate of 98.82% for online customer support and 99.51% for teleservices in 2024 [3] - Huize delivered teleservices 310,000 times, totaling 33,000 consultation hours [3] Group 2: Claims Processing - Huize processed 160,800 insurance claims in 2024, a 74.7% increase compared to 2023 [2] - The total amount of claims settled in 2024 was RMB808 million, a 41.7% increase from the previous year [2] - The "Xiao Ma Express Claim" service handled 85,000 claims in 2024, with a total amount of claims settled reaching RMB39.37 million, reflecting increases of 66.6% and 63.4%, respectively, compared to 2023 [2] Group 3: Key Insights from Reports - Medical insurance represented the highest percentage (60.45%) of settlement claim cases, followed by accident insurance (34.02%) [4] - Critical illness insurance claims accounted for 59.77% of the total claim settlement amount [4] - Huize's customized critical illness series products helped 1,096 families claim RMB276 million, accounting for 57% of the total critical illness claims of RMB483 million [4] - The customer service team assisted over 180,000 senior citizens, with a growing proportion purchasing insurance online [4] Group 4: Company Commitment and Future Outlook - The company remains committed to delivering exceptional customer service and protecting customers amid uncertainty [5] - Huize aims to continue innovating and providing customer-first solutions going forward [5]

SHENZHEN, China, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in Asia, today announced the launch of “PrimeMed”, a customized mid-tier medical insurance product, in collaboration with China Continent Property & Casualty Insurance Co., Ltd. (CCIC) and MSH CHINA Enterprise Services Co., Ltd ...

Core Viewpoint - Huize Holding Limited has launched "PrimeMed," a customized mid-tier medical insurance product in collaboration with China Continent Property & Casualty Insurance Co., Ltd. and MSH CHINA, aimed at providing flexible and affordable healthcare coverage to consumers in Asia [1][3]. Group 1: Product Features - "PrimeMed" offers premium healthcare services at a competitive price, appealing to consumers looking for an upgrade from traditional million-yuan medical insurance products [2]. - Key features include flexible deductibles with three plan options, children's coverage for those under 18, a relative deductible scheme to offset costs from public health insurance, and affordable premiums starting from RMB 958 for the primary age group [7]. Group 2: Market Context and Strategy - The product addresses the growing public awareness and spending on mid-to-high level medical care services, fulfilling a critical need for comprehensive coverage [3]. - "PrimeMed" extends coverage to areas often not included in basic insurance, such as imported drugs, specialized medical devices, and complex surgeries, aligning with government initiatives for differentiated development in medical insurance [3]. Group 3: Company Overview - Huize Holding Limited is a leading insurance technology platform in Asia, connecting consumers, insurance carriers, and distribution partners through data-driven and AI-powered solutions [4]. - The company targets mass affluent consumers and offers a wide range of insurance products and services, leveraging AI and data analytics to enhance the insurance service chain [4].