Huize's total premium in 2023 was 5.8 billion yuan, with a year-on-year increase of 74% in new short-term insurance premiums
多德德多w
发表于 2024-3-22 10:16:55
1295
0
0
On March 20th, the domestic digital insurance service platform Huize released the unaudited performance reports for the fourth quarter of 2023 (hereinafter referred to as "Q4") and the entire year. Data shows that in 2023, Huize contributed a total premium of 5.8 billion yuan, a year-on-year increase of 18%; The total revenue was 1.2 billion yuan, a year-on-year increase of 3%; Realized an adjusted net profit of 72.3 million yuan, achieving profitability for five consecutive quarters and exceeding expectations to achieve an annual profit target of 60 million yuan.
The report shows that in terms of insurance types, the long-term insurance moat remains stable, while the short-term insurance business is experiencing an outbreak. From the perspective of premium structure, long-term insurance accounted for 92.3% of the total premium in 2023, accounting for over 90% for four consecutive years. Among them, the first year's premium increased by 42% year-on-year, reaching 2.62 billion yuan; The renewal premium increased by 4% year-on-year to 3.18 billion yuan. The new premium for long-term health insurance is about 510 million yuan, a year-on-year increase of 19%. As of the end of December, the cumulative retention rates for long-term insurance in the 13th and 25th months were both above 95%, continuing to maintain a high level in the industry.
At the same time, short-term insurance business has also experienced an outbreak. By supporting national strategic plans such as new citizens, small and medium-sized enterprises, and new energy, Huize has driven a significant year-on-year increase of 74% in new property and accident insurance premiums, reaching 390 million yuan.
Under the market opportunity of concentrated demand for savings insurance, Huize contributed to a new premium of approximately 1.65 billion yuan for savings insurance in 2023, a year-on-year increase of 54.6%. With the comprehensive resumption of customs clearance between Hong Kong and mainland China in 2023, the number of mainland residents going to Hong Kong for insurance has surged. During Q4, Huize Hong Kong's insurance business contributed 6% to total revenue. Benefiting from this, based on the first year's premium, Huize savings insurance items have significantly increased by 30% to approximately 59000 yuan.
In terms of continuously optimizing cost control, in 2023, Huize's total operating expenses decreased by 15.4% year-on-year, the expense ratio decreased by 7.3 percentage points, and the gross profit margin further increased to 37.4%. In addition, in 2023, Huize provided professional insurance services for over 1 million families and over 11 million policies, and assisted 92000 customers in handling claims, with a total amount of 570 million yuan.
Ma Cunjun, Chairman and CEO of Huize Holdings, stated that in the future, Huize will seize the sustained growth trend of the insurance industry in China and Asia, strengthen its ability to customize products across all scenarios and differentiation, and integrate online and offline sales and service capabilities. At the same time, it will continue to expand its insurance market business in Hong Kong and actively explore the development opportunities of the insurance industry in emerging markets in Southeast Asia, achieving the goal of achieving double-digit international market revenue contribution by 2024.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Tesla's financial policy for new car purchases saw a sudden surge in market value of nearly 280 billion yuan
- Nvidia rose nearly 5%! Selling over 1.2 billion yuan in June, Huang Renxun sets a personal record for the highest monthly cash out
- Two air accidents resulting in 346 deaths Boeing pleads guilty to fraud with the Federal Aviation Administration or fined 3.5 billion yuan
- Shuanghuan Transmission: plans to increase capital by 200 million yuan to its subsidiary Chongqing Shuanghuan
- Premium of 42%! Beike takes action and wins the new "Land King" of Chengdu!
- Behind the explosive pre-sale sales of iPhone 16: scalping speculation, difficult to sell at a premium in the second-hand market at a price of one minute
- Huang Renxun has finally sold out! Completed Nvidia's early reduction of holdings to cash out over 4.9 billion yuan
- BHP Billiton's first quarter copper production of 476300 tons increased by 4% year-on-year
- After Dong Yuhui's departure, New Oriental's first financial report: single quarter cultural and tourism revenue exceeded 600 million yuan in the new fiscal year
- A sharp drop of 6%! Geopolitical premium 'squeezes water', international crude oil will face new tests
-
知名做空机构香橼研究(Citron Research)周四(11月21日)在社交媒体平台X上发布消息称,该公司已决定做空“比特币大户”微策略(Microstrategy)这家公司,并认为该公司已经将自己变身成为一家比特币投资基金 ...
- caffycat
- 昨天 11:18
- 支持
- 反对
- 回复
- 收藏
-
每经AI快讯,11月20日,文远知行宣布旗下自动驾驶环卫车S6与无人扫路机S1分别在新加坡滨海湾海岸大道与滨海艺术中心正式投入运营。据介绍,这是新加坡首个商业化运营的自动驾驶环卫项目。 ...
- star8699
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者王子霖)11月20日,斗鱼发布2024年第三季度未经审计的财务报告。本季度斗鱼依托丰富的游戏内容生态,充分发挥主播资源和新业务潜力,持续为用户提供高质量的直播内容及游戏服务,进一步 ...
- goodfriendboy
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
人民网北京11月22日电 (记者栗翘楚、任妍)2024广州车展,在新能源汽车占据“半壁江山”的同时,正加速向智能网联新能源汽车全面过渡,随着“端到端”成为新宠,智能驾驶解决方案成为本届广州车展各大车企竞 ...
- 3233340
- 昨天 17:06
- 支持
- 反对
- 回复
- 收藏