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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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, Sept. 09, 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 first half and second quarter ended June 30, 2021.

Huize Holding Limited Reports First Half and Second Quarter 2021 Unaudited Financial Results

SHENZHEN, China, Sept. 02, 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 Hengqin Life Insurance Company Limited (“Hengqin Life”) to launch “Hui Xin An No.5”, a critical illness insurance product customized for meeting children's protection needs.

Huize Partners with Hengqin Life to Launch “Hui Xin An No.5” – A Customized Child Critical Illness Insurance Product

SelectQuote

Huize and SelectQuote are online B2B2C insurance brokerages.

Huize Vs. SelectQuote: Which Is A Better Investment

SHENZHEN, China, Aug. 27, 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 first half and second quarter 2021 financial results before the market opens on Thursday, September 9, 2021.

Huize Holding Limited to Report First Half and Second Quarter 2021 Financial Results on September 9, 2021

SHENZHEN, China, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”, 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 has entered into a binding memorandum of understanding 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 to Acquire Leading Regional Insurance Agency Shengs Life & General to Accelerate its Online-to-Offline Integration and Open Platform Strategy

Huize is down 83% from its all-time high, and 78% from its IPO. The company has a huge upside because of its low valuation.

Huize: The Dip Of The Decade

SHENZHEN, China, Aug. 18, 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 Sun Life Everbright Life Insurance Company (“Sun Life Everbright”) to launch “Everbright Smart Choice”, a customized retirement annuity insurance product dedicated to meet customers' multi-dimensional needs for both wealth accumulation and lifetime pension benefits.

Huize Partners with Sun Life Everbright Life Insurance to Launch “Everbright Smart Choice” – A Customized Retirement Annuity Insurance Product

SHENZHEN, China, Aug. 17, 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 Management Share Purchase Plan, pursuant to which Mr. Cunjun Ma, the Company's Chairman of the Board and Chief Executive Officer, and certain other members of the Company's management team intend to allocate their personal funds to purchase up to an aggregate of US$5 million worth of the Company's ADSs during a six-month period following today, pursuant and subject to applicable laws and the Company's securities trading policy. The management share purchase may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The management team has agreed to be subject to lock-up restrictions for a period of six months with respect to the proposed purchased shares.

Huize Announces Management Share Purchase Plan to Demonstrate Confidence in the Prospects for Its Business

SHENZHEN, China, July 13, 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 Sungrow to launch immune cell cryopreservation as a value-added healthcare service for eligible insurance customers.

Huize Partners with Sungrow to Launch Immune Cell Cryopreservation as a New Value-added Service

SHENZHEN, China, June 18, 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 Sunshine Insurance Group to launch “Darwin Critical Care 2021,” a critical illness insurance product designed for sub-optimal health group.

Huize Launches “Darwin Critical Care 2021” with Sunshine Insurance Group – An Innovative Critical Insurance Product for Consumers with Pre-existing Conditions

Huize Holding had 220% CAGR Revenue growth from Q1 2020. With 25% market share, HUIZ is in the early stages of hyper-growth for the medium to long term.

Huize: A Home Run, If You're Patient

Huize Holding is an online marketplace for insurance in China.

Stocks Under $10 That I Like: Huize Holding

Huize Holding's (HUIZ) CEO Cunjun Ma on Q1 2021 Results - Earnings Call Transcript

SHENZHEN, China, May 18, 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 first quarter ended March 31, 2021.

Huize Holding Limited Reports First Quarter 2021 Unaudited Financial Results

Huize Holding is an online insurance marketplace serving the younger generating in China. The company has grown in leaps and bounds over the last 3 years.

Huize Holding Remains Undervalued On The Back Of A Strong 2020

HUIZ, the Chinese version of Lemonade, is disrupting a massive Chinese Insurance market that enjoys steady growth of 10-15% in the next five to ten years.

Huize Holding Limited Is Disrupting A Massive Insurance Market In China

Huize Holding Limited (HUIZ) CEO Cunjun Ma on Q4 2020 Results - Earnings Call Transcript

SHENZHEN, China, March 10, 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 its unaudited financial results for the fourth quarter and full year ended December 31, 2020.

Huize Holding Limited Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results

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The stock price of Huize Holding Ltd (NASDAQ: HUIZ) is trading at over 20% pre-market. This is why it happened.

HUIZ Stock Price Increases Over 20% Pre-Market: Why It Happened

SHENZHEN, China, Feb. 09, 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 the appointment of Mr. Aaron Xiaolei Hou to Huize's board of directors, effective on February 12, 2021. Mr. Hou will also serve as a member of the audit committee of the board, a member of the compensation committee of the board, and a member of the nominating and corporate governance committee of the board. Mr. Li Jiang, the Company's Chief Operating Officer, will step down from his position as a director of the Company, effective from the same date, following which the majority of Huize's board will be comprised of independent directors. Mr. Jiang will continue to serve as the Chief Operating Officer of the Company.

Huize Holding Limited Announces Changes to Board of Directors

SHENZHEN, China, Jan. 26, 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 in China, today announced its preliminary estimated unaudited total operating revenue and selected operating data for the fourth quarter of 2020.

Huize Preannounces Preliminary Estimated Unaudited Operating Revenue for Fourth Quarter 2020

SHENZHEN, China, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading independent online insurance product and service platform in China, today announced its unaudited financial results for the three months ended September 30, 2020.

Huize Holding Limited Reports Third Quarter 2020 Unaudited Financial Results

SHENZHEN, China, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading independent online insurance product and service platform in China, today announced that it plans to release its third quarter 2020 financial results before the market opens on Thursday, November 19, 2020.

Huize Holding Limited to Report Third Quarter 2020 Financial Results on November 19, 2020

SHENZHEN, China, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading independent online insurance product and service platform in China, today announced that it will hold its annual general meeting of shareholders at 5/F, Building 3-4, Shenzhen Animation Park, Yuehai Road, Nanhai Avenue, Nanshan District, Shenzhen 518052, People's Republic of China, on December 10, 2020 at 10:00AM (Beijing time).

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