Huize Holding Limited (HUIZ) Q4 2024 Earnings Call Transcript
Total Revenue RMB1.25 billion, up 4.5% year-over-year.
Gross Written Premiums (GWP) RMB6.16 billion, up 6% year-over-year.
First Year Premiums (FYP) RMB3.42 billion, up 31% year-over-year.
Whole-life Premiums RMB1.84 billion, up 76% year-over-year.
Long-term Health Insurance Premiums RMB520 million, up 2% year-over-year.
Savings Insurance Products 68.6% of total FYP, up 5.5% year-over-year.
Short-term Insurance Premiums Approximately RMB515 million, up 23% year-over-year.
Customer Base 10.6 million users, with 380,000 new users added in Q4.
Average FYP Policy Size for Savings Products Approximately RMB75,000, up 39% year-over-year.
Cash and Cash Equivalents RMB233 million (approximately $32 million) as of the end of 2024.
International Revenue Contribution RMB228.7 million, contributing 18% to total revenue.
Repeat Purchases for Long-term Insurance Products 40.2%, up 3.3 percentage points year-over-year.
FYP from 2A Business RMB415 million, up 17% year-over-year.
Premiums for Short-term Health and P&C Products RMB548 million, up 23% year-over-year.
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Huize Holding Adjusts Reporting Schedule to Focus on Long-Term Strategy
- Reporting Schedule Change: Huize Holding's Board of Directors has approved a shift to a semi-annual and annual financial reporting schedule, with the next financial results expected in March 2026, enabling management to focus more on executing long-term strategic goals.
- Operating Metrics Disclosure: In line with the new reporting schedule, Huize disclosed selected operating metrics for Q3 2025, revealing first-year premiums of RMB 1.93 billion, a 42.3% increase year-over-year, indicating strong growth momentum in the market.
- Customer Growth: The company acquired 1.1 million new customers in the first nine months of 2025, a 24.5% increase from 2024, demonstrating the effectiveness of Huize's strategies in attracting new clients and solidifying its market position.
- Improved Persistency Ratios: Huize's 13-month persistency ratio stands at 97.8%, up 0.6 percentage points from the previous year, reflecting increased customer loyalty to its insurance products, which supports the company's goal of sustainable long-term value creation.
Huize Holding Limited - Price Target for Depositary Receipt (HUIZ) Raised by 22.86% to 4.39
Price Target Update: The average one-year price target for Huize Holding Limited has been revised to $4.39 per share, reflecting a 22.86% increase from the previous estimate of $3.57. The new target range is between $3.94 and $4.94 per share.
Fund Sentiment: There are currently 5 funds reporting positions in Huize Holding, marking a 25% increase in ownership over the last quarter. However, total shares owned by institutions have decreased by 48.14% to 44,000 shares.
Shareholder Activity: Susquehanna International Group reduced its holdings from 36,000 to 28,000 shares, while UBS Group significantly decreased its shares from 46,000 to 12,000, a drop of 93.03%. Fidelity Nasdaq Composite Index Fund maintained its 2,000 shares.
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