Huize Holding Ltd. (HUIZ) has released an update.
Huize Holding Limited has reported an 18.2% year-over-year increase in Gross Written Premiums and a notable rise in net profit for the full year of 2023, demonstrating strong business resilience and profitability. The company has successfully expanded its customer base, achieving a fifth consecutive profitable quarter and showing robust growth in its First Year Premiums, especially in long-term insurance products. Huize’s strategic focus on optimizing costs and expanding into international markets like Hong Kong has led to a decrease in operating expenses and an improved operating expense-to-revenue ratio.
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