On March 18, leading insurance technology firm Yuanbao Inc. (NASDAQ: YB) announced its unaudited financial results for the three months and full year ended December 31, 2025. The financial report indicates that Yuanbao's annual revenue maintained robust growth, reaching 4.373 billion yuan, a year-on-year increase of 33.1%. The company's profitability continued to improve, with net profit reaching 1.308 billion yuan. As of December 31, 2025, Yuanbao's cash reserves amounted to 4.04 billion yuan.
Quarterly performance was equally impressive, with a continued positive growth trajectory. In the fourth quarter, the company's revenue reached 1.175 billion yuan, up 32.2% year-on-year, while net profit was 337 million yuan.
Behind the strong performance is Yuanbao's continuous investment in data models and technological capabilities, strengthening its full-cycle consumer service engine. By December 31, 2025, Yuanbao's model network had expanded to over 4,900 models and 5,700 features, adding more than 290 models and 820 features compared to the same period last year. Empowered by AI technology, the company's operational efficiency and business scale improved simultaneously. The number of new policies for the full year reached 30.66 million, a 36.7% increase year-on-year, while approximately 7.9 million new policies were issued in the fourth quarter, up 34.5% year-on-year.
Regarding its technology strategy, Yuanbao's large AI model has entered the phase of scaled implementation, deeply empowering the company's core business processes. Firstly, the company is advancing the upgrade and integrated development of its large model platform, with AI capabilities reaching the stage of large-scale application. Through intensive training on industry-specific data and deep integration with knowledge bases, the model's performance has been continuously optimized for scenarios like professional insurance Q&A, multi-turn dialogues, and policy clause analysis. Additionally, a multi-model intelligent scheduling mechanism has been enhanced, improving system stability and access efficiency while reducing the development cost of AI applications for business units. Secondly, the company is accelerating the deployment of AI agents across the entire process, including pre-sales, customer service, and claims assistance, covering areas such as product explanation, intelligent recommendations, customer service quality inspection, agent assistance, and claims document classification. This has significantly improved service and claims efficiency, with the usage volume of AI agents and their business penetration rate steadily increasing. In terms of technical talent development, Yuanbao's AI team size remains above 10% of the total workforce, providing strong support for technological iteration and service upgrades.
Currently, the commercial health insurance industry is entering a new phase of high-quality development. A series of policies, from the National Financial Regulatory Authority setting a direction for high-quality development in health insurance, to the joint release of the first edition of the "Commercial Insurance Innovative Drug List" by the National Healthcare Security Administration and the Ministry of Human Resources and Social Security, and the explicit mention in the 2026 Government Work Report of "improving the multi-level medical security system" and emphasizing "accelerating the development of commercial health insurance," have opened vast opportunities for the industry. Furthermore, 2026 marks the beginning of the 15th Five-Year Plan period. The Government Work Report proposes deepening and expanding "AI+" to promote the commercial and large-scale application of artificial intelligence in key industries. AI is fundamentally reshaping the service models of the insurance industry and enhancing operational efficiency, making technological capability a key factor in competition and injecting strong momentum into high-quality development.
Aligning with industry trends, Yuanbao continues to enhance its products and services to create inclusive and efficient insurance solutions. In 2025, the company upgraded coverage terms such as "Zero Yuan Deductible" and critical illness hospitalization allowances, and launched its "Ruyi Claims" butler-style claims service. The annual claims report shows that the highest cumulative individual claim amount for medical insurance reached 1.83 million yuan, with the fastest claim settled in just 3.4 minutes. In consumer rights protection, Yuanbao integrates these principles throughout the entire process, using AI to strengthen scenarios like customer service quality inspection, data security, and combating fraudulent activities, effectively safeguarding user rights.
Recognized for its industry-leading innovative practices and brand influence, Yuanbao was successfully listed in the "2025 Forbes China Business Brand Management Influence Selection," making it the only company from the insurance technology sector on the list. Furthermore, Yuanbao Group's Founder and CEO, Fang Rui, was honored on both the "2025 Forbes China New Era Disruptive Founders" and the "2025 Forbes China Sci-Tech Innovation Figures" lists, becoming the only founder in the insurance field to receive these two accolades.
Yuanbao Group Founder and CEO Fang Rui stated, "2025 was a pivotal year for China approaching the AI singularity, with Chinese scientific and technological innovation力量 thriving. As a benchmark in the insurance technology sector, Yuanbao has achieved solid progress in technological innovation, product services, and other dimensions. Our steady performance growth validates the sustainability of our business model, and the deep application of AI technology has built a core competitive barrier. As we are at the beginning of the 15th Five-Year Plan period, policy dividends for health insurance continue to be released, and the value of technology empowerment becomes more prominent, driving inclusive insurance towards high-quality development. Looking ahead, we will remain true to our mission of 'using technology to promote insurance inclusivity,' courageously exploring the deep waters of technology and cultivating new industry tracks. We will continuously deepen the integration of large AI models with insurance scenarios to understand and respond to the protection needs of every user. We firmly believe that only by deeply integrating technology into industries and rooting it in people's lives can we create sustainable business value and profound social value."