Shanghai Securities News China Securities Network (Reporter He Kui) Recently, it was learned that the top domestic insurance e-commerce service platform, Huize, released its unaudited performance report for the third quarter of 2024 before the opening of the US stock market. The report showed that during the third quarter, Huize's entire platform contributed a total premium of 2.06 billion yuan, a total revenue of 370 million yuan, and a net profit of 18.7 million yuan. With a profound understanding of consumer segmentation needs and product customization capabilities, during the third quarter, Huizhe maintained stable cooperative relationships with 123 insurance companies. In the third quarter, the platform facilitated a first-year premium of 1.35 billion yuan, a year-on-year increase of 110%; The renewal premium is about 710 million yuan, a year-on-year increase of 18%.
The report shows that as of the end of the third quarter, the cumulative number of insured customers of Huize has exceeded 10 million, not only achieving steady growth in financial data, but also achieving multiple milestones in terms of model, layout, products, services, technology, and other aspects. As of now, the company has achieved an integrated layout of 19 provinces and 20 branches in mainland China, covering urban agglomerations such as Beijing Tianjin Hebei, Yangtze River Delta, Pearl River Delta, and some central cities.
Ma Cunjun, Chairman and CEO of Huizhe Holdings, stated that in 2024, Huizhe will demonstrate strong resilience in industry transformation and strong growth momentum in international business layout through its in-depth understanding of consumers and excellent product capabilities. Looking ahead to 2025, the Chinese insurance market still contains rich development opportunities. At the same time, the company will actively grasp the demand of the international insurance market and continue to inject new growth momentum into the company. It is expected that by 2026, the proportion of international business revenue will reach 30%, exploring diversified growth drivers for the group and creating long-term value.