Huize Holding Ltd

Huize Holding Ltd operates as an independent online insurance product and service platform in Asia. The company is a licensed insurance intermediary that uses online platforms and provides offline insurance intermediary services, without bearing underwriting risks. Huize distributes insurance products underwritten by its insurer partners, generating revenue primarily from insurance brokerage and agency fees paid by these partners. As of December 31, 2025, Huize had cumulatively served 12.3 million insurance clients. A significant portion of these clients are younger individuals, particularly for life and health insurance, with the average age of clients purchasing life and health insurance products through the platform in 2025 being 35.3. The platform offers a variety of protection-focused insurance products across two main categories: life and health insurance products, and property & casualty insurance products. In 2025, Huize offered 786 life and health insurance products and 483 property & casualty insurance products. Life and health insurance products accounted for 90.4% of the company's brokerage income in 2025. Within this category, annuity and endowment life insurance products contributed 71.3% of brokerage income, and long-term health insurance products contributed 14.2% in 2025. As of December 31, 2025, Huize cooperated with 158 insurer partners, representing a substantial portion of all licensed insurance companies in China. The company integrates critical steps in the insurance policy distribution process, such as intelligent underwriting and in-force policy administration, into its system.