Page 1

【 慧 择 huize Huize Holding Limited Reports Unaudited Financial Results for the First Half of 2026 Aug 20 , 2026 SHENZHEN , China , Aug. 20 , 2026 ( GLOBE NEWSWIRE ) -- Huize Holding Limited ( “ Huize ” , the “ Company ” or “ we ” ) ( NASDAQ : HUIZ ) , a leading insurance technology platform connecting consumers , insurance carriers , and distribution partners digitally through data - driven and Al - powered solutions in Asia , today announced its unaudited financial results for the first half ended June 30 , 2026 . First Half 2026 Financial and Operational Highlights • Insurance premiums reached new highs : Gross written premiums ( " GWP " ) rose to an all - time high of RMB4 , 196.4 million in the first half of 2026 , representing an increase of 29.8 % year - over - year . First - year premiums ( " FYP " ) recorded a strong 48.7 % year - over - year growth to RMB2,763.0 million . This robust performance was underpinned by our high - quality customer franchise , consistently high persistency ratios , and broad product portfolio tailored to consumers ' evolving financial and protection needs . • Sustained revenue growth and improved operating leverage : Total revenue rose 5.8 % year - over - year to RMB719.8 million in the first half of 2026. Our expense - to - income ratio improved by 1.8 percentage points year - over - year to 24.2 % , reflecting continued operating discipline and efficiency gains , supported by broader adoption of Al - enabled tools and workflow optimization . Consequently , our GAAP net profit attributable to common shareholders increased to RMB25.3 million in the first half of 2026 . • Cumulative number of insurance clients served increased to 13.1 million as of June 30 , 2026. We worked with 159 insurer partners in mainland China and internationally as of June 30 , 2026 , including 90 life and health insurance companies and 69 property and casualty insurance companies . • Cash and cash equivalents were RMB241.4 million ( US $ 35.6 million ) as of June 30 , 2026 . Mr. Cunjun Ma , Founder and CEO of Huize , commented , " As we celebrate our 20th anniversary , we are pleased to report another strong set of results . GWP reached a record high of RMB4.2 billion and FYP increased by 48.7 % year - over - year to RMB2.8 billion in the first half of 2026. The integration of our proprietary Al capabilities across the organization , together with disciplined execution and operating efficiency gains , supported a sharp improvement in profitability , with net profit attributable to common shareholders increasing to RMB25.3 million . These achievements underscore the resilience of our business model and reaffirm its long - term viability in a rapidly changing market . " " We continue to harness our advanced Al solutions to acquire high - quality , mass - affluent customers and deepen customer engagement . In the first half of 2026 , we added approximately 789,000 new customers . The average age of customers purchasing long - term insurance products was 35.3 years , with 62.5 % residing in tier - two cities and above . As of May 31 , 2026 , both our 13th- and 25th -month persistency ratios for long - term life and health insurance products remained at industry - high levels of over 95 % , attesting to the strong loyalty of our customers and the widespread appeal of our tailored product offerings . " " To address the full spectrum of lifetime financial and protection needs for our customers , we maintain close collaboration with insurer partners in co - developing and optimizing customized products . Against the backdrop of an aging demographic and growing demand for sophisticated financial planning , we launched ' Bliss 5.0 ' and ' Dajia Hui Xuan 2026 ' , two participating annuity products offering premium and diversified retirement planning options . During the first half of 2026 , we also unveiled ' Darwin No.15 Kids Protection ' , the latest iteration of our popular Darwin series of customized critical illness insurance products for children . Together , these new products further strengthen our differentiated portfolio of customized insurance products and support sustainable long - term growth . " " We continued to advance our three - pillar Al strategy . First , we scaled proprietary Al applications across the organization , embedding Al into core workflows such as customer service and claims processing while building a more scalable operating model . Alongside disciplined cost management , these efforts helped improve our expense - to - income ratio by 1.8 percentage points year - over - year to 24.2 % in the first half . Second , our Al App completed its upgrade to a phase 2.0 multi - agent architecture , with users increasingly turning to Al for insurance consultation , product understanding , and preliminary planning . We also launched a new Al - powered financial planning feature that generates customized family financial plans tailored to each household's unique protection needs . Among active users , the feature achieved a 45 % report generation rate , reflecting the evolution of user engagement from single - point service delivery toward more comprehensive advisory planning . Finally , we are accelerating the intelligent transformation of our platform by introducing advanced Al agents across the front , middle , and back offices . In parallel , we are integrating our Al capabilities with our knowledge base to help insurer partners design and optimize products that better respond to customers ' evolving financial and protection needs . " First Half 2026 Financial Results GWP and operating revenue