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Highlights
Gross written premiums (GWP) rose 34.4% year-over-year to RMB1,796.5 million (US$250.8 million).
First year premiums (FYP) surged 73.1% to RMB1,127.9 million (US$157.6 million).
Net profit attributable to shareholders was RMB10.9 million (US$1.5 million), reversing a loss in the prior year.
Huize Holding Limited (NASDAQ:HUIZ), a leading insurance technology platform in Asia, announced its unaudited results for the quarter ended June 30, 2025. The Company delivered significant growth in both premiums and revenue while also returning to profitability.
Gross written premiums facilitated on the platform totaled RMB1,796.5 million (US$250.8 million), up 34.4% from the same period in 2024. Within this, first year premiums (FYP) accounted for RMB1,127.9 million (US$157.6 million), rising 73.1% year-over-year and representing 62.8% of total GWP. Renewal premiums stood at RMB668.6 million (US$93.3 million), a slight 2.5% decline from Q2 2024.
Total revenue for the quarter reached RMB396.7 million (US$55.4 million), marking a 40.2% increase from RMB283.0 million in Q2 2024. This growth was primarily fueled by the strong performance of FYP.
Cost Optimization and Efficiency Gains
Operating costs increased 48.1% year-over-year to RMB287.8 million (US$40.2 million), largely due to higher channel expenses. However, efficiency initiatives and AI-driven productivity enhancements helped offset these pressures.
Selling expenses rose modestly by 12.0% to RMB52.5 million (US$7.3 million), driven by higher staff compensation. In contrast, general and administrative expenses dropped sharply by 47.1% to RMB26.3 million (US$3.7 million), reflecting reduced share-based compensation, lower rental and utilities expenses, and workforce optimization. Research and development expenses also fell 11.8% to RMB16.0 million (US$2.2 million).
As a result, the Company’s expense-to-income ratio improved significantly from 40.5% in Q2 2024 to 23.9% in Q2 2025.
Return to Profitability
Huize achieved a GAAP net profit attributable to common shareholders of RMB10.9 million (US$1.5 million) in Q2 2025, compared to a net loss of RMB23.3 million in the prior-year quarter. On a non-GAAP basis, the Company reported net profit of RMB7.6 million (US$1.1 million), compared to a net loss of RMB13.0 million in Q2 2024.
Client Base and Strategic Partnerships
As of June 30, 2025, Huize had served a cumulative total of 11.4 million insurance clients. The Company worked with 146 insurer partners across mainland China and international markets, comprising 84 life and health insurance providers and 62 property and casualty insurance companies.
Huize closed the quarter with cash and cash equivalents of RMB238.5 million (US$33.3 million), slightly higher than RMB233.2 million at year-end 2024.
