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Huize Holding Limited Reports Unaudited Financial Results for the First Half of 2026

HUIZ
  • Huize Holding Limited reported unaudited financial results for the first half ended June 30, 2026, with Gross Written Premiums (GWP) reaching a record RMB4,196.4 million, a 29.8% year-over-year increase.
  • First-Year Premiums (FYP) grew 48.7% year-over-year to RMB2,763.0 million, while renewal premiums increased 4.2% to RMB1,433.4 million.
  • Total operating revenue rose 5.8% year-over-year to RMB719.8 million, driven by growth in both FYP \& renewal premiums.
  • The expense-to-income ratio improved by 1.8 percentage points to 24.2%, contributing to a GAAP net profit attributable to common shareholders of RMB25.3 million compared to RMB2.3 million in the prior period.
  • The cumulative number of insurance clients served reached 13.1 million as of June 30, 2026, with 159 insurer partners active in the network.
  • Approximately 789,000 new customers were added in the first half of 2026, with the average age of long-term product purchasers at 35.3 years.
  • Persistency ratios for long-term life \& health products remained above 95% for both 13th \& 25th months as of May 31, 2026.
  • New product launches included 'Bliss 5.0' \& 'Dajia Hui Xuan 2026' annuity products, alongside 'Darwin No.15 Kids Protection' critical illness insurance.
  • Operating costs increased 5.1% to RMB523.7 million due to higher channel expenses, while General \& administrative expenses decreased 31.4% to RMB33.0 million.
  • Research \& development expenses rose 7.8% to RMB31.7 million to support technology development initiatives.
  • Cash \& cash equivalents stood at RMB241.4 million (US$35.6 million) as of June 30, 2026.
  • The company advanced its three-pillar AI strategy, upgrading its AI App to a phase 2.0 multi-agent architecture \& introducing AI agents across front, middle, \& back offices.
  • Management highlighted the integration of proprietary AI capabilities to improve efficiency, reduce costs, \& enhance customer engagement through customized financial planning features.