Huize Holding ( (HUIZ) ) has shared an update.
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Huize Holding Limited reported impressive financial results for the third quarter of 2024, with gross written premiums reaching a record high of RMB2,060.7 million, driven by strong demand for long-term savings products. The company has seen significant growth in its international business, with contributions reaching 19% of total revenue, particularly due to its success in the Hong Kong market. As Huize expands its footprint in Southeast Asia, it plans to further diversify its revenue streams by entering new markets such as Singapore and the Philippines.
More about Huize Holding
Huize Holding Limited is a leading insurance technology platform in Asia, focusing on connecting consumers, insurance carriers, and distribution partners through data-driven and AI-powered solutions. The company targets mass affluent consumers, offering a comprehensive range of insurance products and services across the entire insurance lifecycle.
YTD Price Performance: -31.11%
Average Trading Volume: 93,443
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $30.83M
For an in-depth examination of HUIZ stock, go to TipRanks’ Stock Analysis page.
