Huize Holding Reports Strong Growth and Profitability

TipRanksMay 28 08:38 ET

Multiple favorable support! Insurance stocks welcome valuation repairs

The Zhitong Finance App learned that since the end of 2020, the insurance stock market has entered a downward channel due to the transformation of life insurance agent channels, falling premiums for new policies, and a slump in the capital market. However, since mid-April 2023, the insurance sector has shown a strong recovery momentum, reversing the previous decline. The rise in insurance stocks is mainly due to policy incentives. Recently, the People's Bank of China issued three major notices, and the real estate policy that the market has been looking forward to for a long time has been implemented. Including adjusting the minimum down payment ratio for the first housing commercial loan to no less than 15%, adjusting the ratio for the second to not less than 25%; lowering the interest rate for personal housing provident fund loans by 0.25 percent

Zhitong FinanceMay 28 07:43 ET

HUIZ.US (HUIZ.US) Q1 Earnings Report: First-year premiums increased more than doubled month-on-month for six consecutive quarters of profit

On May 28, Huiz.US (HUIZ.US) announced its first quarter results report. First-year premiums (“FYP”) more than doubled month-on-month, up 29.7% year-on-year to 857.2 million yuan, reflecting Huize's progress in acquiring high-value customers, promoting innovation in long-term insurance products, and expanding its international influence. As of March 31, 2024, the cumulative number of insurance customers served increased to 9.6 million. As of March 31, 2024, Huize has partnered with 120 insurance companies, including 74 life and health insurance companies and 46 financial insurance companies. First quarter 2024

Gelonghui FinanceMay 28 07:15 ET

Huize | 6-K: Report of foreign private issuer (related to financial reporting)

SEC announcementMay 28 06:06 ET · Announcements

Dahua Jixian: First Choice “buys” intelligent business models with leading ratings are expected to unleash long-term value

Dahua Jixian released a research report, covering HUIZ.US (HUIZ.US) for the first time, giving it a “buy” rating. The target price is 2 US dollars. According to the bank, Huize is a leading insurance technology platform in China, focusing on the digital distribution of long-term life and health insurance products. The bank expects to achieve a compound annual net profit growth rate of 13.9% in 2023-2026, driven by leading product innovation capabilities, a high-quality customer base, and overseas business growth. According to the research report, I am optimistic about Huize's advantages in the following areas: 1) Platform-based business models connect multiple parties: Huize's data-driven and AI-enabled solutions,

Gelonghui FinanceMay 27 02:20 ET

Earnings Call Summary | Huize(HUIZ.US) Q1 2024 Earnings Conference

The following is a summary of the Huize Holding Limited (HUIZ) Q1 2024 Earnings Call Transcript:Financial Performance:Huize Holdings Limited reported a total gross written premium (GWP) of RMB1.7 bill

moomoo AIMay 24 13:26 ET · Conference Call