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Stock impact report

Huize Holding Limited Reports Fourth Quarter and Full Year 2022 Unaudited Financial Results

Huize Holding Limited - American Depositary Shares (HUIZ) 
Company Research Source: GlobeNewswire
SHENZHEN, China, March 27, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter and Full Year 2022 Financial and Operational Highlights Resilient business performance: Gross Written Premiums (“GWP”) facilitated on our platform for the full year of 2022 remained stable at RMB4,907.8 million compared to the same period of 2021. Renewal premiums facilitated on our platform in the fourth quarter of 2022 increased by 80.8% to RMB1,032.5 million from RMB571.0 million in the fourth quarter of 2021, primarily driven by high persistency metrics of our high-quality and loyal long-term insurance products customer base.Disciplined cost control and profitability: Operating expenses decreased by 54.6% year-over-year to RMB97.3 millio Show less Read more
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