Huize : Corporate Presentation

Huize Holding Limited Corporate Presentation

May 2026

Proven Leadership Team

The Huize team combines local and global experience in leading insurance and financial institutions

Andy MA

Founder, Chairman, CEO

• Founded Huize in 2006

• Over 25 years of insurance industry-related experience

• Commenced career at Ping An from 1995 to 2004

Ron TAM

Co-CFO,

Head of International

• Previously worked at Goldman Sachs

• Over 17 years of corporate strategy, M&A and capital markets experience

Forest XIAO

Co-CFO

• Previously worked at Deloitte and KPMG

• Over 17 years of accounting and audit experience

Laura LUO

Secretary of the Board

• Over 15 years of insurance experience

• Over 20 years of accounting and finance experience

Serena ZHU

General Counsel

• Over 11 years of insurance experience

• Over 17 years of corporate legal experience

3

Our Mission

Huize is Asia's leading insurance technology platform, integrating consumers, carriers, and distribution partners through a fully digital, AI-driven ecosystem to deliver seamless, lifelong insurance experiences.

4

We built an ecosystem connecting consumers, insurance carriers, and distribution partners through data-driven and AI-powered solutions, delivering value to all stakeholders.

Insurance Carriers

Quick and hassle-free digitalization solutions

Ecosystem Partners

Insurance monetization for e-commerce, merchants. finfluencers and IFAs

Consumers

Simple, affordable, and personalized digital insurance experience

Powered by

5

Proven Results Through Scale, Technology and Ecosystem

AI-driven innovation strengthening customer experience, operational efficiency and platform scalability

Scale

12.3 million+ policyholders from a high-value customer base with strong LTV potential

Record RMB 7.4B GWP and RMB 1.6B revenue in 2025, with strengthened profitability

Extensive partner network with 158 leading insurance carriers and 10,000+ distribution partners

AI-driven Effficiency International Growth

AI ecosystem driving Efficiency, with expense-to-revenue ratio improved 5.9ppt YoY to 26.3%

AI-powered app upgrade drove 50% YoY growth in new customer self-service policy purchases

1 independent online life and health insurance distribution

platform in China (1)

Rapidly growing international presence with 48% revenue in 2025, more than double YoY

MAS licenses secured, reinforcing our dual regional hub strategy across Singapore and Hong Kong to attract cross-border assets across Asia

Notes:

1. In terms of GWP in 2022, By Frost & Sullivan 6

Direct-to-consumer, B2B2C and B2A2C distribution integrating online-offline channels

Direct to Consumer

Through website & mobile, social media and search marketing

B2B2C

B2A2C

Independent financial advisors (IFA)

Connecting influencers, corporates, merchants and financial intermediaries

Insurance SAAS (CPS/API) solutions Customer conversion support

Target independent insurance agents

Empower agents with effficient professional support

Offline service teams in 19 provinces and cities

Online customer acquisition capabilities

A diversiffied insurance product matrix

Digital CRM and underwriting system

Customer service support

7

High-Value Customer Base with High LTV Potential

Backed by a young and high-quality mass affluent customer base fueling long-term revenue expansion

No. of Insurance Customers (1) (Million)

12.30

10.61

9.34

6.85

7.53

8.43

2020

2021

2022

2023

2024

2025

01 First Policy Long-Term Insurance Product

02 Second Policy Long-Term Insurance Product

• Critical Illness Insurance

• Life Insurance

• Repurchase rate(3): 36%

Average Ticket Size (RMB)

Average FYP per long term insurance policy Average FYP per saving insurance policy

103,244

75,341

41,480

4,337

54,163

30,140

6,290

41,429

3,696

4,321

5,691

7,875

2020

2021

2022

2023

2024

2025

35.3

Average Age(2)

High-Quality Customer Base

65.8%

95%+

From Higher-tier Cities(2)

Cumulative

persistency ratios

8

03

Future Cross-Sell/ Up-Sell Opportunities

• Health Insurance

• Children Insurance

• Senior Care Insurance

• Accident Insurance

• Comprehensive Family Insurance

• Educational Annuity

Notes:

1. Cumulative as of December 31, 2025; Insurance customers refers to customers who purchased policies

2. Represents insurance customers who purchased long-term insurance products in 2025.

3. Average repeat purchase rate of insurance customers who purchased savings insurance products in 2025.

4. For long-term insurance in the 13th and 25th months as of the end of 2025.

Preferred Digitalization Partner for Leading Insurance Carriers

88.6%

Contribution to Total FYP in 2025

Life & Health (L&H)

786

Products(1)

Co-branded product and distribution partnerships with top insurance brands

11.4%

Contribution to total FYP in 2025

Property & Casualty (P&C)

483

Products(1)

Critical Illness

Participating Whole Life Insurance

Critical Illness Insurance "Darwin No. 12" (Partnership with

Fosun Health)

Participating Whole Life Insurance "Fu Man Jia 2.0" (Partnership with

AVIVA-COFCO)

Long-term Medical Insurance

International Product Partnership

Wins "Annual Popular Commercial Health Insurance Product" Award from Today Insurance

Long-Term Medical Insurance "Chang Xiang An No.2"

（Partnership with Ping An

Health Insurance）

Notes:

1. As of December 31, 2025 9

   
   
   AI-Powered Solutions Redeffining the Insurance Experience

   Customer Acquisition(i)

   • 24/7 always-on personalized insurance advisory at fingertips

   • Customer acquisition with 40+% activation rate effectiveness largely boosted

   Conversion Effficiency(i)

   • Increased self-directed policy purchases by 50%

   • Independently serving 15,000+ daily users

   Holistic Empowering(i)

   • 95% accuracy rate in responses

   • Precise user match and insurance recommendations covering all product types

   • 172,800 claimed cases and RMB 739M claim settlement amount in 2025(ii)

   
   
   

   Internal Risk Data

   Underwriting | claims | fraud detection

   
   
   

   multi-dimensional data accumulated in 19 years of operation

   External Data Sources Fraud indicators | credit risks | occupations | places of residence

   Fengtong Underwriting Risk Control Engine System (iii)

   Speedy Underwriting

   
   
   

   Underwriting time: 1.01s per case on average

   Claim Reduction

   Monthly claims 7% lower among key products

   Cumulative RMB300m+ less claim exposure in health insurance products

   Customized Risk Control Rules & Models

   Flexible application in diverse products to ensure tailor-made risk management solutions

   Notes:

   1. Data represents performance results measured monthly since launch in February 2025

   2. Data from Xiao Ma Claim 2025 Annual Report

   3. Data reflects performance improvements since product launch in Q4 2024

Risk Reduction

2%~30% risk identification rate across different products

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Large and Growing Market Opportunity in China

China's Online Life and Health Insurance Market by GWP

(RMB trillion)

35.7%

3

30.8%

2

27.1%

2.0

22.2%

1.6

2

19.5%

1.3

1

11.1%

13.2%

1.0

1

4.4%

0.1

6.0%

0.2

6.4%

0.2

8.8%

0.3

0.8

0.4

0.5

0

35.0%

30.0%

25.0%

20.0%

15.0%

10.0%

5.0%

0.0%

2018 2019 2020 2021 2022 2023 2024E2025E2026E 2027E2028E

Online life and health insurance market

Penetration rate of total li fe and health insurance market

Individual New Life Policies Issued to Mainland Visitors

80,000

70,814

62,715

60,000

58,051

49,176 45,772

42,169

40,000

COVID-19

20,000

0

2016

2017

2018

2019

2020

2021

2022

2023

2024

Single Premiums (HK$ million) Annualized Premiums (HK$ million)

1,983

595

6,693

Life Insurance Density in China and US

Density (USD), 2016 and 2024

3,024

2024

388

1,725

2016

190

US

China

Channel Mix of Life Insurance in Mainland, HK and US (1H2025)

5%

47%

47%

China

35%

19%

45%

HK

54%

US

(2024)

36%

10%

Independent agents and insurance brokers Insurance company agents Direct sales & others

Source: Swiss Re Institute, Hong Kong Insurance Authority, NFRA, Frost & Sullivan, Allianz 11

International Growth Gaining Momentum

Through Poni Insurtech, Huize is building a connected digital insurance ecosystem across Asia, with Vietnam leading our push into high-growth, underpenetrated markets, and Singapore serving as our regional hub for premier protection and wealth management solutions for the mass affluent across Asia.

Global Expansion Gains Momentum Across Key Markets

To establish a pan-Asian digital insurance platform under our international brand Poni Insurtech

Huize's Core Brand for International Development

Singapore-Hong Kong Dual-hub Strategy

Singapore

Vietnam

• Global Care is a leading Vietnam Insurtech platform

• Huize controls 70%+ stake in GC through acquisition

MAS License Secured

Building a Dedicated HNW Offering

Singapore's growing concentration of cross-border HNW wealth positions us to capture demand for bespoke insurance and wealth management solutions across protection, wealth accumulation, and legacy planning.

A Big Step Forward in 2025

+106%

GWP

Growth

+84%

Revenue Growth

Quadrupled

Registered Users on GSale App

Hong Kong

Vietnam Insurance Market: Robust Growth Potential

Hong Kong Market Drove Overseas Revenue Expansion

Average Savings FYP Lifted by High-Value Hong Kong Insurance

GDP per Capita (USD)

4840

4320 4540

GWP (US$1B)

Life

Digital Insurance APE&GWP (US$1B)

RMB billion

Revenue YOY:

Doubled

0.24

19%

0.76

48%

RMB million

YOY: +37%

4130

Health

Comprehensive

1.33 0.59

3.52

1.85

1.02

7.24

+15%

0.1 0.1

+26%

0.1

0.5

2024 2025

Overseas Revenue Overseas Contrib ution

0.08

0.10

2024 2025

2022 2023 2024 2025

2018 2022

2022 2023 2024 2030E

Source: Vietnam Insurance Report, Swiss Re, International Monetary Fund, Euromonitor and e-economy SEA 2024 13

Solid Financial Performance Underpins Sustained Proffitability

Broad-based strength across revenue, premiums and earnings

Gross Written Premium (2022-2025)

RMB billion CAGR: 14.4%

7.4

5.8

6.2

4.9

2022

2023

2024

2025

RMB billion

First Year Premium (2022-2025)

CAGR: 36.0%

4.6

3.4

2.6

1.8

2022

2023

2024

2025

Revenue & Overseas Contribution (2022-2025)

RMB billion

Overseas Revenue Contribution

48.2%

18.3%

1.25

1.57

1.16

1.19

2022

2023

2024

2025

Business Revenue

Non-GAAP Net Proffit/(Loss) Attributable to Common Shareholders (2022-2025)

RMB million

70.3

8.4

22.6

-20.8

2022

2023

2024

2025

Notes:

1. Data from Huize 2022, 2023, 2024, 2025 results 14

Investment Highlights

Leading InsurTech Platform

Connecting the whole industry chain including consumers, insurance carriers and distribution partners

Professional Insurance Services

Trusted consumer brand offering professional insurance services, with industry-high levels of claims settlement and persistency ratios

AI-driven Effficiency

Industry-leading AI solutions empowering digital distribution and driving productivity gains and operational efficiency

Expansive Market Opportunity

Stable operations in China fueled by active and rapid growth in overseas markets

Sizable Customer Base

Young and high-quality mass affluent customer base with demonstrated upselling opportunities

Omnichannel Distribution

Direct-to-consumer, B2B2C and B2A2C

distribution integrating online-offline channels

Customized Product Offering

Co-develop customized and exclusive products with top insurance carriers with a focus on long-term insurance

Sustained Proffitability and Healthy Cash Position

Scalable business model with strong profitability and ample cash reserves for expansion

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Key Financial Highlights

Market Capitalization1

US$ 15.43M

Revenue2

Non-GAAP Net Profit2

Cash Balance3

RMB 1.6B RMB 22.6M

RMB 250.8M

Ticker: HUIZ

ADSs Outstanding4

11.6M

Insider Ownership5

34.3%

Analyst Coverage

P/B Multiple1

0.3x

Notes:

1. As of Apr 8, 2026

2. For the year end 2025

3. Includes cash and cash equivalents, as of December 31, 2025

4. Each representing 100 Class A common shares, as of December 31, 2025

5. Includes the shares held by directors and executive officers, per 2025 Annual Report

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