Huize Holding (HUIZ) has released an update.
Huize Holding Limited has reported a significant increase in first-year premiums, which more than doubled sequentially and grew by 29.7% year-over-year, indicating strong business growth. Operating expenses saw a substantial decrease, contributing to the company’s sixth consecutive profitable quarter, while the firm also expanded its international presence, particularly in the Hong Kong market. Despite a decrease in renewal premiums, the company’s focus on AI-powered solutions and diverse product offerings has positioned it well for continued growth within the insurance technology sector.
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