Record Revenue and Profit
Huize achieved a 3-year quarterly high in total revenue, reaching RMB 400 million, with a net profit of RMB 10.9 million.
Strong Growth in Gross Written Premiums
Gross written premiums facilitated on Huize's platform grew by 34% year-over-year to RMB 1.8 billion, and first year premiums increased by 73% year-over-year to RMB 1.13 billion.
AI Efficiency Improvements
The company's expense to revenue ratio improved by 16.6 percentage points year-over-year to 23.9%, driven by the deployment of AI agents and the adoption of AI tools.
International Expansion Success
Poni Insurtech, Huize's international arm, saw a 32% year-over-year increase in both GWP and revenue in Vietnam, and secured a financial adviser and insurance broker license in Singapore.
High Persistency Ratios
Huize maintained industry-leading 13th and 25th month persistency ratios above 95%.