Huize Holding

Huize Holding Ltd. engages in the provision of insurance brokerage services through online platform. It distributes insurance products underwritten by insurer partners, and help them to reach a large number of insurance clients. The company was founded by Cun Jun Ma in August 2006 and is headquartered in Shenzhen, China.

Earnings data Q1 2021

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Earnings data Q4 2024

Huize Holding reports robust Q1 earnings, eyes international expansion

Huize Holding's Q1 2024 performance reflects strong growth in premiums, revenue, and profitability, underpinned by operational efficiency improvements and customer-focused strategies.
The company's strengths lie in customer acquisition, product innovation, and cost management, while challenges include sustaining growth momentum and navigating international expansion.
Opportunities for Huize Holding include leveraging collaborations, digitalization, and AI capabilities to drive further growth and profitability in the competitive insurance market.

Huize Holding excels in Q2 with strong financial performance and international expansion

Huize Holding demonstrated strong financial performance and strategic initiatives in Q2 2024, focusing on long-term insurance products and customer engagement.
The company's adaptability, focus on high-quality customers, and international expansion efforts position it well for future growth.
While facing challenges in regulatory changes and market competition, Huize can leverage opportunities in product innovation and strategic partnerships.
Maintaining operational efficiency and profitability will be crucial for Huize to sustain its growth trajectory and capitalize on market opportunities.

Huize Holding excels in Q3 with record premiums and global expansion

Huize Holding delivered strong financial results in Q3 2024, driven by record premiums and successful international expansion.
The company's focus on digital sales operations, cost optimization, and diversification into health care services positions it well for future growth.
While facing challenges in maintaining margins and managing expenses, Huize Holding's strategic initiatives present opportunities for continued success.

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Huize Holding Ltd. engages in the provision of insurance brokerage services through its online platform. It distributes insurance products underwritten by insurer partners and helps them to reach a large number of insurance clients. The company was founded by Cun Jun Ma in August 2006 and is headquartered in Shenzhen, China.

SHENZHEN, China, June 13, 2022 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that its wholly-owned subsidiary, Huize (Chengdu) Internet Technology Co., Ltd. (“Huize Digitech”) has successfully obtained the Data Management Capability Maturity Assessment Model (“DCMM”) Stable Class Level-3 certification.

Huize Obtains DCMM Level-3 Certification

SHENZHEN, China, June 08, 2022 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Ruihua Health Assurance to launch “Guardian Critical Care No.5”, a customized multiple-benefit critical illness insurance product.

Huize Partners with Ruihua Health Assurance to Launch “Guardian Critical Care No.5”

SHENZHEN, China, June 02, 2022 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Heng An Standard Life Insurance Company Limited (“HASL”, a joint venture of Tianjin TEDA International Holdings (Group) Company Limited and Aberdeen Group in the UK) to launch “Jin Zhi Qi Hang”, a customized annuity product dedicated to meet clients' savings needs for their children's future education.

Huize Launches its First Customized Educational Annuity Insurance with Heng An Standard Life

SHENZHEN, China, May 05, 2022 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize,” the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that the Company is aware of the fact that it was identified by the United States Securities and Exchange Commission (the “SEC”) under the Holding Foreign Companies Accountable Act of the United States (the “HFCAA”) on May 4, 2022. Such identification may have resulted from the Company's filing of the annual report on Form 20-F for the fiscal year ended December 31, 2021.

Huize Provides Update on its Status under the Holding Foreign Companies Accountable Act

SHENZHEN, China, April 27, 2022 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize,” the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the U.S. Securities and Exchange Commission (the “SEC”) on April 27, 2022.

Huize Holding Limited Files 2021 Annual Report on Form 20-F

Huize Holding Limited (HUIZ) CEO Cunjun Ma on Q4 2021 Results - Earnings Call Transcript

SHENZHEN, China, March 18, 2022 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that its Board of Directors (“the Board”) has authorized a share repurchase program under which Huize may repurchase up to US$5 million of its Class A common shares in the form of American depositary shares over the next 12 months, subject to relevant rules under the Securities Exchange Act of 1934, as amended, and Huize's insider trading policy.

Huize Announces US$5 Million Share Repurchase Program

SHENZHEN, China, March 18, 2022 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2021.

Huize Holding Limited Reports Fourth Quarter and Full Year 2021 Unaudited Financial Results

SHENZHEN, China, March 09, 2022 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it plans to release its fourth quarter and full year 2021 financial results before the market opens on Friday, March 18, 2022.

Huize Holding Limited to Report Fourth Quarter and Full Year 2021 Financial Results on March 18, 2022

SHENZHEN, China, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, released the 2021 “Xiao Ma Claim” Service Annual Review, a multi-dimensional report that summarizes the overall performance of Huize's claims assistance service and provides insights into insurance client profiles and the latest trends in China's insurance industry.

Huize Releases 2021 “Xiao Ma Claim” Service Annual Review

SHENZHEN, China, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize” or the “Company”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has notified Hubei Shengs Life & General Insurance Agency Co., Ltd. (“Shengs Life & General”) and its shareholders of the termination of the previously announced acquisition of a controlling equity interest in Shengs Life & General (the “Acquisition”). Pursuant to the transaction documents of the Acquisition, the Company is exercising its right to terminate the Acquisition with ten working days prior notice due to delays in the closing. The termination of the Acquisition will become effective on January 28, 2022. The Company will not incur any termination fees in connection with the termination of the Acquisition.

Huize Holding Limited Announces Termination of Acquisition of Shengs Life & General

SHENZHEN, China, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Guofu Life Insurance Co., Ltd. (“Guofu Life”) to launch “Darwin Critical Care No. 6”, the latest critical illness insurance product iteration in the Darwin Critical Care series that offers a comprehensive range of optional protection benefits.

Huize Partners with Guofu Life to Launch “Darwin Critical Care No. 6”

SHENZHEN, China, Dec. 31, 2021 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that its Board of Directors (“the Board”) has approved the establishment of an Environmental, Social and Governance Committee (“ESG Committee”) aimed at enhancing the Company's ESG performance and disclosure and its sustainable development.

Huize Establishes ESG Committee to Enhance Sustainable Development

SHENZHEN, China, Dec. 17, 2021 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company”, together with its subsidiaries, its consolidated variable interest entity and the subsidiaries of the consolidated variable interest entity the “Group”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that the Group, through a wholly-owned subsidiary of the Group's consolidated variable interest entity, has entered into a definitive agreement to acquire 100% equity interest in Shanghai Senhao Insurance Agency Co., Ltd. (“Senhao Insurance Agency”), a nationwide professional insurance agency company with business networks in 11 provincial areas in China.

Huize to Acquire Nationwide Insurance Agency Senhao to Further Accelerate Online-to-Offline Integration Strategy

HUIZ released Q3-21 financial results, Gross Written Premiums (“GWP”) +24% YoY, and First-year premiums (“FYP”) +42.7% YoY. HUIZ is traded at 1.1x P/B and 0.27x P/S, clearly undervalued, but hard to predict its timing to recover.

Huize's Q3-21 Results, And Its Risks And Opportunities

Huize Holding Limited's (HUIZ) CEO Cunjun Ma on Q3 2021 Results - Earnings Call Transcript

SHENZHEN, China, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced its unaudited financial results for the third quarter ended September 30, 2021.

Huize Holding Limited Reports Third Quarter 2021 Unaudited Financial Results and Adjusts 2021 Revenue Guidance Upward

SHENZHEN, China, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading independent online long-term life and health insurance product and service platform for new generation consumers in China, today announced that it plans to release its third quarter 2021 financial results before the market opens on Wednesday, December 1, 2021.

Huize Holding Limited to Report Third Quarter 2021 Financial Results on December 1, 2021

SHENZHEN, China, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Huagui Life Insurance Company Limited (“Huagui Life”) to launch “Da Mai Ding Hai Zhu”, a customized term life insurance product designed to meet the protection needs of the younger generation.

Huize Partners with Huagui Life to Launch “Da Mai Ding Hai Zhu”- A Customized Term Life Insurance Product

SHENZHEN, China, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it will hold its annual general meeting (the “AGM”) of shareholders at 49/F, Building T1, Qianhai Financial Centre, Linhai Avenue, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen 518000, People's Republic of China, on December 2, 2021 at 10:00 a.m. (Beijing time).

Huize Holding Limited to Hold Annual General Meeting on December 2, 2021

Report Highlights Company's Strategic ESG Initiatives and Accomplishments Report Highlights Company's Strategic ESG Initiatives and Accomplishments

Huize Releases Inaugural Environmental, Social, and Governance (ESG) Report

SHENZHEN, China, Sept. 24, 2021 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize” or the “Company”, together with its subsidiaries, its consolidated variable interest entity and the subsidiaries of the consolidated variable interest entity the “Group”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that the Group, through Shenzhen Zhixuan Wealth Investment Management Co., Ltd. (“Zhixuan Investment”), a wholly-owned subsidiary of the Group's consolidated variable interest entity, has entered into a definitive agreement to acquire a controlling equity interest in Hubei Shengs Life & General Insurance Agency Co., Ltd. (“Shengs Life & General”), one of the leading regional insurance agency groups dedicated to distributing life and health insurance products.

Huize Announces Definitive Agreement to Acquire Leading Regional Insurance Agency Shengs Life & General

HUIZ's fundamentals remain intact, H1 2021 total gross written premium was RMB2.06, +72.7% YoY, and total operating revenue was RMB950 million, which nearly doubled YoY. HUIZ is traded at its all-time low of $2.18 vs. $13.85 52-week-high. This is about 0.5x TTM P/S, vs. SelectQuote's 2.5x TTM P/S.

Huize: Fundamentals Remain Intact, Undervalued With The Recent Sell-Off

Business plans Being in the right marketplace, with the right sort of product, at the right time - that's what business success is made of. Sure, of course, execution also matters but our first query about any adventure or investment has to be about whether the basic idea is right for the time and place.

Huize Holdings - A Fast Growing Insurance Broker In The Rapidly Expanding Chinese Market

Huize Holding Limited (HUIZ) CEO Cunjun Ma on Q2 2021 Results - Earnings Call Transcript

News for Huize Holding Stock (HUIZ)