Huize Holding (HUIZ) has released an update.
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Huize Holding Limited, a leading Asian insurance technology platform, reported a slight decrease in Gross Written Premiums (GWP) to RMB1.34 billion with a 42.8% increase in renewal premiums in Q2 2024, reflecting a resilient business amid economic challenges. The company also saw a gross profit margin increase and expansion into international markets, including a strategic acquisition in Vietnam. Despite these positive trends, Huize experienced a net loss in Q2 2024, contrasting with the net profit from the same period in the previous year.
For further insights into HUIZ stock, check out TipRanks’ Stock Analysis page.
