Huize Holding Ltd. Sponsored ADR Class A (HUIZ.US) H1 total premium was 3.05 billion yuan. In Q2, repurchasing customers accounted for 40.5% of long-term insurance.

On September 25th, the leading domestic insurance e-commerce service platform Huize Holding Ltd. Sponsored ADR Class A (HUIZ.US) released its unaudited financial report for the second quarter of 2024 before the opening of the US stock market. The data showed that in the first half of the year, the total insurance premium facilitated by Huize Holding Ltd. Sponsored ADR Class A's platform reached 3.05 billion yuan, with total revenue reaching 590 million yuan. During Q2, the platform's cumulative insured users increased to 9.8 million, with 240,000 new insured users in the quarter. Based on this, the total first-year premium facilitated by the entire platform reached 650 million yuan, with long-term insurance business premiums accounting for 91.3%, consistently exceeding 90% for nineteen consecutive quarters, with repeat customers accounting for 40.5%, a year-on-year increase of 6.5 percentage points. In terms of the first-year premium calculation, the average savings insurance amount reached 78,000 yuan, a year-on-year increase of 22.7%. As of the end of June, the persistency rates for the 13th and 25th months of long-term insurance both exceeded 95%. The proportion of new single premiums for customized products increased by 16.9 percentage points year-on-year, reaching 41.2%.