Yuanbao Inc., a prominent online insurance distributor in China, has announced its unaudited financial results for the first quarter of 2025. The company reported total revenues of RMB970.1 million (US$133.7 million), marking a 43.8% increase from RMB674.5 million in the same period of 2024. Net income rose significantly by 122.1% to RMB295.1 million (US$40.7 million), compared to RMB132.9 million in the first quarter of 2024. The net income margin improved to 30.4%, up from 19.7% in the prior year period. The number of new policies issued in the first quarter reached 6.8 million, a 21.3% increase from the 5.6 million recorded in the same period the previous year. Yuanbao Inc. has also invested in technological advancements, notably upgrading its consumer service cycle engine and integrating large language model applications, which have enhanced efficiency and user experience in post-sale services, particularly in claim processing. Looking ahead, the company plans to increase its investment in research and development to better serve evolving consumer needs and deepen strategic collaborations with insurance partners, aiming to create long-term shareholder value.
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