SHENZHEN, China, Dec. 31, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize” or the “Company”) (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 that it has received a notification letter (the “Compliance Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market Inc. (“Nasdaq”) dated December 30, 2024, informing the Company that i ...

Now that’s a rally.In what was inarguably the most explosive five trading days of its history, the FinTech IPO Index surged 22.5%, and now stands more than 68% higher year to date.And a key part of the stellar performance can be attributed to a single name.  Huize’s Stunning RallyHuize Holding rocketed ahead by more than 461%, in the wake of earnings. Company materials revealed that gross written premiums reached a quarterly record high of RMB2,060.7 million ($293.6 million) in the third quarter of 2024, co ...

SHENZHEN, China, Dec. 10, 2024 (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 its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial and Operational Highlights Record high insurance premiums: Gross written premiums (“GWP”) re ...

SHENZHEN, China, Nov. 29, 2024 (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 that it plans to release its third quarter 2024 unaudited financial results before the U.S. market opens on Tuesday, December 10, 2024. The Company’s management team will hold an earnings conference cal ...

SHENZHEN, China, Nov. 19, 2024 (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 that it will change the ratio of its American depositary shares (“ADSs”) to its Class A ordinary shares (the “ADS Ratio”) from the current ratio of one (1) ADS to twenty (20) Class A ordinary shares to ...

Core Insights - Huize Holding Limited's long-term medical insurance product "Chang Xiang An No.2" has won the "Annual Popular Commercial Health Insurance Product" award from Today Insurance, highlighting its recognition in the market [1][3]. Product Overview - "Chang Xiang An No.2" is developed in collaboration with Ping An Health Insurance and offers comprehensive healthcare services, including: - Extensive inpatient medical coverage with a maximum claim of up to RMB8 million and guaranteed renewability for 20 years [2]. - Specialized rehabilitation coverage for nine specific conditions, with annual coverage of up to RMB20,000 [2]. - Streamlined application processes with an eligibility age of up to 70 years and family discounts of up to 15% [2]. - A diminishing deductible benefit that reduces by RMB1,000 annually for claim-free years, down to a minimum of RMB5,000 [2]. - Enhanced value-added services, including hospitalization assistance and unique first-year complimentary services [2]. Company Commitment - The company emphasizes the importance of reliable product upgrades that meet customer needs, seamless claims processing, and a human-centric design [3]. - Recent regulatory adjustments in the insurance sector are seen as a pathway for sustainable growth by integrating insurance with health and wellness services [3]. - The award received is viewed as a testament to the company's innovative capabilities and high standards in the insurance market [3]. Company Profile - 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 spectrum of insurance products and services, covering the entire insurance life cycle [4]. - By leveraging AI and data analytics, Huize enhances the insurance service chain with technology-enabled solutions for various aspects of insurance [4].

Core Viewpoint - Huize Holding Limited will hold its annual general meeting on November 29, 2024, in Hong Kong, serving as a forum for shareholders to discuss company affairs with management, with no proposals for shareholder approval [1][2]. Company Information - 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 aims to meet their lifelong insurance needs through an integrated online-to-offline insurance ecosystem [4]. - Huize's services cover the entire insurance life cycle, offering a wide range of products, one-stop services, and a streamlined transaction experience [4]. - The company utilizes AI, data analytics, and digital capabilities to enhance the insurance service chain, providing technology-enabled solutions for consultation, user engagement, marketing, risk management, and claims service [4]. Meeting Details - The record date for the annual general meeting is set for November 4, 2024, entitling holders of common shares to notice of the meeting [3]. - The notice of the annual general meeting is available on the company's Investor Relations website [3].

Huize Holding Limited (NASDAQ:HUIZ) Q2 2024 Earnings Conference Call September 25, 2024 8:00 AM ET Company Participants Kenny Lo - Investor Relations Manager Cunjun Ma - Founder & Chief Executive Officer Ron Tam - Co-Chief Financial Officer Conference Call Participants Michelle Ma - Citi Operator Ladies and gentlemen, thank you for standing by. Welcome to Huize Second Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. After the management's prepared remarks, we wi ...

Core Viewpoint - Huize Holding Limited reported its unaudited financial results for the second quarter of 2024, showcasing resilience in business performance despite a challenging economic environment, with a focus on strategic growth and international expansion [1]. Financial and Operational Highlights - Gross written premiums (GWP) for Q2 2024 were RMB1,336.9 million, a slight decrease of 3.0% from RMB1,377.7 million in Q2 2023. Renewal premiums increased by 42.8% year-over-year to RMB685.4 million [2][4]. - The gross profit margin improved to 31.3%, up by 2.3 percentage points sequentially, attributed to disciplined control over channel expenses and product mix optimization [2]. - The cumulative number of insurance clients served reached 9.8 million, with partnerships established with 125 insurers [3]. Revenue and Profitability - Operating revenue for Q2 2024 was RMB283.0 million, down 23.2% from RMB368.2 million in Q2 2023, primarily due to a decrease in first-year premiums (FYP) [4]. - The net loss for Q2 2024 was RMB23.3 million, compared to a net profit of RMB14.1 million in the same period of 2023. Non-GAAP net loss was RMB13.0 million, down from a non-GAAP net profit of RMB19.0 million [8][22]. Cost Management - Operating costs decreased by 20.2% to RMB194.4 million in Q2 2024, primarily due to reduced channel expenses [5]. - Selling expenses were RMB46.8 million, down 18.3% from RMB57.3 million in Q2 2023, while general and administrative expenses increased by 33.9% to RMB49.7 million [6][7]. Strategic Initiatives - The company maintained a long-term insurance product GWP contribution above 90% for the nineteenth consecutive quarter, indicating a commitment to sustainable growth [3]. - Revenue contribution from international business rose to 11% in Q2 2024, supported by the acquisition of a controlling stake in Global Care, a Vietnam-based Insurtech company [3]. Cash Position - As of June 30, 2024, cash and cash equivalents were RMB236.2 million, a decrease from RMB249.3 million at the end of 2023 [9].

SHENZHEN, China, Sept. 19, 2024 (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 that it has partnered with New China Life Insurance Company Limited (“NCI”) to launch “Bliss No.2”, a customized lifetime annuity product. This upgraded product is the latest addition to the “Bliss” se ...