Chinese insurtech company Huize Holding Ltd surged in premarket trading on Tuesday after reporting record first-half 2026 financial results and detailing progress in its artificial intelligence integration.
Huize posted gross written premiums of RMB 4.2 billion for the six months ended June 30, 2026, a 29.8% increase from the prior-year period. First-year premiums rose 48.7% to RMB 2.76 billion, while total revenue reached RMB 720 million. International revenue contributed approximately RMB 220 million during the period. Net profit attributable to common shareholders increased to RMB 25.3 million, with operating expenses declining to RMB 175 million.
The company’s customer base expanded to 13.1 million as of June 30, with 789,000 net new customers added in the first half. The average age of long-term insurance buyers was 35.3 years, with 62.5% residing in Tier 2 cities or higher. The average first-year premium ticket size for long-term insurance rose 25% year-over-year to RMB 8,211. Persistency ratios for the 13th and 25th months both exceeded 95%.
Huize maintained partnerships with 159 insurance carriers as of June 30. Its Vietnam unit, Global Care, reported a 45% increase in gross written premiums and a 24% rise in revenue year-over-year. The company held RMB 241 million in cash and cash equivalents at period-end, with a current ratio of 1.44.
Artificial intelligence initiatives played a central role in the company’s growth strategy. Huize invested approximately $10 million annually in AI development, including research and capital expenditures. Its AI applications processed end-to-end claims within one hour for core categories, with most products handled in minutes. The firm upgraded to a 2.0 multi-agent architecture, with AI conversation users growing 65% since the start of the year. Planning report generation reached 45% of active users, and family insurance plans were generated within five minutes, according to Co-CFO Ron Tam.
Premarket shares of Huize rose 117.12% to $3.17, compared with a previous close of $1.46. The stock has traded between $1.04 and $4.53 over the past 52 weeks.
Founder and CEO Cunjun Ma highlighted the company’s two-decade transition from traditional agent-led sales to a digital-first model, noting that AI had become deeply embedded in operations and workflows. The company is targeting international market expansion over the next 12 to 24 months and expects to pursue capital raising within the next 12 to 18 months, with Singapore profitability anticipated by the end of 2026.
