Chinese insur-tech platform Huize Q2 revenue up 40.2%, returns to profit

Reuters
09/12
Chinese insur-tech platform Huize <a href="https://laohu8.com/S/QTWO">Q2</a> revenue up 40.2%, returns to profit

Overview

  • Huize Q2 revenue grows 40.2% to RMB 396.7 mln ($55.4 mln), driven by increased first-year premiums

  • Company reports Q2 net profit of RMB 10.9 mln, reversing last year's net loss

  • First-year premiums surge 73.1% yr/yr, boosting overall business performance

Outlook

  • Company focuses on AI integration to enhance efficiency and service quality

Result Drivers

  • PREMIUM GROWTH - First-year premiums increased by 73.1% yr/yr to RMB1,127.9 mln, driven by high-quality customer base and diverse product offerings

  • EFFICIENCY GAINS - Expense-to-income ratio improved significantly to 23.9% from 40.5% yr/yr, attributed to cost-optimization initiatives and AI deployment

  • AI STRATEGY - AI-powered tools enhanced efficiency, contributing to a 50% yr/yr increase in self-directed policy purchases

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Adjusted Net Income

RMB 7.60 mln

Q2 Net Income

RMB 10.90 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the multiline insurance & brokers peer group is "buy"

  • Wall Street's median 12-month price target for Huize Holding Ltd is $3.50, about 19.1% above its September 11 closing price of $2.83

  • The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release: ID:nGNX2bSXQy

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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