Huize Holding Ltd Stock Price, News & Analysis

Huize Holding Limited (NASDAQ: HUIZ), a leading insurance technology platform in Asia, has scheduled to release its first quarter 2025 unaudited financial results on June 6, 2025, before the U.S. market opens. The company will host an earnings conference call at 8:00 A.M. Eastern Time (8:00 P.M. Beijing/Hong Kong Time) on the same day. Participants must register online in advance to join the conference call, and a live and archived webcast will be available on the company's investor relations website.

Huize Holding (NASDAQ: HUIZ), a leading insurance technology platform in Asia, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024. The report was submitted to the U.S. Securities and Exchange Commission on April 23, 2025.

The company, which specializes in connecting consumers, insurance carriers, and distribution partners through data-driven and AI-powered solutions, has made the report accessible on both the SEC's website and Huize's investor relations portal. Shareholders and ADS holders can request free hardcopies of the annual report through the company's Investor Relations Department.

Huize Holding (NASDAQ: HUIZ) reported its Q4 and full-year 2024 financial results, achieving record-high insurance premiums. The company's Gross Written Premiums (GWP) reached RMB6,158.6 million in 2024, up 6.2% from 2023. First Year Premiums (FYP) hit RMB3,421.0 million, increasing 30.5% year-over-year.

International business revenue grew to RMB228.7 million, contributing 18% of total revenue. The company served 10.6 million insurance clients and partnered with 139 insurers. For Q4 2024, the company reported a net loss of RMB2.9 million, while full-year 2024 showed a minimal net loss of RMB0.6 million.

Notable achievements include a 39.1% increase in average FYP ticket size for savings products to over RMB75,000, and persistency ratios exceeding 95%. The company expanded internationally through the acquisition of Vietnam-based Global Care and plans to enter Singapore and Philippines markets.

Huize Holding (NASDAQ: HUIZ), a leading insurance technology platform in Asia, has scheduled the release of its fourth quarter and full year 2024 unaudited financial results. The announcement will be made before the U.S. market opens on March 24, 2025.

The company will host an earnings conference call on the same day at 8:00 A.M. Eastern Time (8:00 P.M. Beijing/Hong Kong Time). Participants must register in advance through the provided link to receive dial-in numbers and a unique access PIN. The conference call will also be available via live and archived webcast on Huize's investor relations website.

Huize Holding (NASDAQ: HUIZ) has announced the integration of DeepSeek into its Huize App, becoming the first in the insurance sector to embed this AI model into consumer-facing services. The integration enables real-time insurance consultations and personalized recommendations, achieving 300% greater efficiency with a 91% accuracy rate in product matching.

The platform now offers 24/7 instant responses and allows users to create customized virtual advisors that adapt to their evolving needs. This implementation is part of Huize's 'AI+' strategy, which includes their AI Marketing Assistant launched in 2023 and a large language model introduced the following year. The company is also planning to expand this technology through its international arm, Poni Insurtech, to Vietnam-based Global Care, acquired in 2024.

Huize (NASDAQ: HUIZ) released its 2024 Customer Service Report and 'Xiao Ma Claim' Service Annual Review, showcasing significant growth in its insurance technology platform operations. The company served over 1.3 million families and facilitated more than 12 million insurance policies in 2024.

Key achievements include processing 160,800 insurance claims (up 74.7% YoY) with total settlements of RMB808 million (up 41.7% YoY). The 'Xiao Ma Express Claim' service handled 85,000 claims totaling RMB39.37 million. Customer satisfaction reached 98.82% for online support and 99.51% for teleservices.

Medical insurance represented 60.45% of settlement claims, while critical illness insurance accounted for 59.77% of total claim amounts. The company's customized critical illness products helped 1,096 families claim RMB276 million. Huize also assisted over 180,000 senior citizens and resolved 532 dispute cases, securing RMB9.8 million in claims.

Huize Holding (NASDAQ: HUIZ) has announced the launch of 'PrimeMed', a customized mid-tier medical insurance product, in partnership with CCIC and MSH CHINA. The product aims to provide access to high-cost medical resources and specialized services in public hospitals and private medical institutions.

Key features of PrimeMed include flexible deductibles with three plan options, coverage for children under 18, a relative deductible scheme allowing compensation from other sources to offset deductibles, and affordable annual premiums starting from RMB958 for the primary age group. The product covers multiple hospital types, departments, out-of-hospital medications, and imported medical devices expenses.

The partnership with MSH CHINA provides access to their extensive hospital network across top-tier Chinese hospitals, ensuring seamless access to premium medical care. The product aligns with government initiatives for differentiated development of basic medical and commercial insurance, extending coverage to areas not typically covered by basic insurance.

Huize Holding (NASDAQ: HUIZ), an insurance technology platform in Asia, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received a compliance notice from Nasdaq dated December 30, 2024, confirming that its American depositary shares (ADSs) maintained a closing bid price of US$1.00 or higher for 10 consecutive business days from December 9 to December 27, 2024. This resolves the previous non-compliance notification received on September 10, 2024, when the company's ADS price had fallen below US$1.00 for 30 consecutive business days.

Huize Holding reported strong Q3 2024 financial results, achieving record-high gross written premiums (GWP) of RMB2,060.7 million, up 65.5% year-over-year. First year premiums (FYP) more than doubled to RMB1,354.4 million, driven by strong demand for long-term savings products. The company's international business contribution increased to 19% of revenue, up 8 percentage points sequentially.

The company served 10.1 million insurance clients and partnered with 123 insurers. Net profit reached RMB18.7 million, with operating revenue increasing 26.4% to RMB369.7 million. The expense-to-revenue ratio improved by 5 percentage points to 24%. Cash and cash equivalents stood at RMB242.6 million as of September 30, 2024.