Waterdrop

Waterdrop, Inc. engages in online insurance brokerage services to match and connect users with relevant insurance products underwritten by insurance companies. It operates a medical crowdfunding and a mutual aid platform. The company was founded by Peng Shen, Guang Yang, and Yao Hu in May 2018 and is headquartered in Beijing, China.

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Waterdrop reports stellar Q2 earnings, eyes sustained growth strategies

Waterdrop's Q2 2024 earnings call reflects exceptional financial performance, strategic positioning, and a commitment to sustainable growth.
The company's focus on profitability, operational efficiency, and customer-centric initiatives underscores a strong foundation for future success and market leadership.

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Waterdrop, Inc. is a technology platform company, which engages in online insurance brokerage services to match and connect users with relevant insurance products underwritten by insurance companies. The company was founded by Peng Shen, Guang Yang, and Yao Hu in May 2018 and is headquartered in Beijing, China.

BEIJING , Dec. 27, 2022 /PRNewswire/ -- Recently, Beijing Enterprise Confederation and Beijing Entrepreneurs Association released the Top 100 Enterprises in Beijing list (the List) and the Report on the Development of the Top 100 Enterprises in Beijing (the Report) at the Beijing International Convention Center. Waterdrop Inc.(NYSE: WDH), a company committed to improving the digitization level of the insurance and healthcare industry and contributing to better development of the industry, successfully made it to Beijing's Top 100 Enterprises in Digital Economy 2022.

Waterdrop Listed among Beijing's Top 100 Enterprises in Digital Economy

The Waterdrop turnaround is taking shape. In addition to its P&L strength, the growing net cash position provides downside protection.

Waterdrop: Turnaround Story Supported By An Outsized Net Cash Balance

BEIJING , Dec. 21, 2022 /PRNewswire/ -- At the recently held 2022 China Insurance and Aged Healthcare Forum, Hui Teng, Chief Actuary of Waterdrop Inc., was invited to give a speech titled Good Products and Services Are the Underlying Logic of High-quality Transformation for Health Insurance. He shared Waterdrop's innovative practice in the high-quality transformation of health insurance products and discussed the future of China's health insurance market.

Waterdrop Chief Actuary Hui Teng: Good Products and Services Are the Underlying Logic of High-quality Transformation for Health Insurance

CLMB vs. WDH: Which Stock Is the Better Value Option?

BEIJING , Dec. 19, 2022 /PRNewswire/ -- The annual conference of For Good Awards of China Social Enterprise and Impact Investment Forum declared the winners of For Good Awards 2022. Mr. Peng Shen, Founder and CEO of Waterdrop, was awarded one of the Top 10 Charitable Entrepreneurs of For Good Awards 2022.

Shen Peng Awarded Charitable Entrepreneur of For Good Awards 2022

BEIJING , Dec. 8, 2022 /PRNewswire/ -- On December 3, 2022, the Alumni Association of Zhejiang University-The Hong Kong Polytechnic University Joint Center held the second member representative conference, which deliberated and approved relevant work reports and charters, and elected new council members, Vice Chairman and Chairman of the alumni association. Peng Shen, Founder and CEO of Waterdrop, was appointed as Vice Chairman of the alumni association.

Waterdrop CEO Peng Shen Elected as Vice Chairman of Alumni Association of Zhejiang University-The Hong Kong Polytechnic University Joint Center

Waterdrop Inc. (NYSE:WDH ) Q3 2022 Earnings Conference Call December 6, 2022 7:00 AM ET Company Participants Shen Peng - Founder, Chairman & Chief Executive Officer Hu Yao - Co-Founder, Director & Vice President Guang Yang - Co-Founder, Director & Vice President Conference Call Participants Edwin Liu - CLSA Thomas Wang - Goldman Sachs Operator Good morning, ladies and gentlemen and thank you for standing by for Waterdrop Inc.'s Third Quarter 2022 Earnings Conference Call. [Operator Instructions].

Waterdrop Inc. (WDH) Q3 2022 Earnings Call Transcript

BEIJING , Dec. 6, 2022 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced its unaudited financial results for the third quarter ended September 30, 2022. Financial and Operational Highlights for the Third Quarter of 2022 Healthy and solid revenue growth: For the third quarter of 2022, the first-year premiums ("FYP") generated through our Waterdrop Insurance Marketplace amounted to RMB1,785.3 million (US$251.0 million), an increase of 8.4% quarter over quarter.

Waterdrop Inc. Announces Third Quarter 2022 Unaudited Financial Results

BEIJING , Dec. 1, 2022 /PRNewswire/ -- Waterdrop Inc. (NYSE: WDH) ("Waterdrop" or the "Company"), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2022, before U.S. markets open on Tuesday, December 6, 2022. Waterdrop's management team will hold a conference call on December 6, 2022 at 7:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time on the same day) to discuss the financial results.

Waterdrop Inc. to Report Third Quarter 2022 Financial Results on December 6, 2022

BEIJING , Nov. 18, 2022 /PRNewswire/ -- On November 16, Mr. Yao Hu, co-founder of Waterdrop and General Manager of the Pharmaceutical Innovation Business Unit, attended the Jiemian(Jiemian.com) Big Health Forum 2022 sponsored by Shanghai United Media Group, at which he shared the exploration and headway Waterdrop has made in pharmaceutical innovation over the last two years.

Waterdrop Co-founder Yao Hu Shares Progress in Pharmaceutical Innovation

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BEIJING , Nov. 4, 2022 /PRNewswire/ -- The National Cancer Institute(NCI)'s SEER statistics show that breast cancer recurrence rate is as much as 30%. According to the 2022 White Paper on the Quality of Life of Breast Cancer Patients in China, more than 70% of breast cancer patients are worried about recurrence.

Waterdrop Launches Insurance against Breast Cancer Recurrence

BEIJING , Nov. 4, 2022 /PRNewswire/ -- At the recent 2022 Summit on China's Financial Development and the 13th China Jinding (Finance) Awards organized by the National Business Daily(NBD), a nationwide Chinese financial and economic daily newspaper published in Mainland China, Waterdrop won the"Annual Insurtech Progress Award" for its outstanding performance recognized across the industry. As a leading technology platform dedicated to insurance and healthcare service in China, Waterdrop has attached importance to technology since its inception and has continued to increase investment in technological innovation to facilitate its business, improve its operating efficiency and expand the extensiveness and depth of its inclusive insurance services, which have benefited more than 100 million customers.

Waterdrop Wins the NBD "Annual Insurtech Progress Award"

BEIJING , Oct. 26, 2022 /PRNewswire/ -- Waterdrop recently opened its first independent personal insurance agent-based community outlet in Shenzhen, which is the first outlet that cooperates with community healthcare centers on insurance service. Critical to Shenzhen's medical service system, community healthcare centers, rooted in residential communities, aim to create "10-minute medical service circles" and meet people's daily healthcare needs.

Waterdrop Opens Its First Community outlet in Shenzhen to Explore the "Insurance + Community" Model

BEIJING , Oct. 24, 2022 /PRNewswire/ -- Since 2022, Waterdrop has stepped up offline brokerage, and offered offline brokers with multiple development directions including organization development mode, independent agent mode, and community outlet mode, in an effort to build an elite service team. It has also launched WFind (Waterdrop Family Insurance Needs Diagnosis) to drive professional operation by brokers.

Waterdrop Explores Offline Insurance Brokerage

BEIJING , Oct. 10, 2022 /PRNewswire/ -- On October 7, 2022, the Future China Global Forum 2022 was held in  Singapore. Mr. Peng Shen, Founder and CEO of Waterdrop, attended the forum via video link and introduced the Company's operations in Singapore.

Waterdrop Inc. CEO Shen Peng Attends Future China Global Forum 2022

BEIJING , Sept. 19, 2022 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, recently launched "Waterdrop Family Insurance Needs Diagnosis" ("WFind"), a system designed to help insurance brokers identify customer insurance needs based on information about their family members, income & expenses, and insurance demands.

Waterdrop Launches the WFind System

This Beijing-based fintech posted solid second-quarter earnings Friday morning

Why Shares of Waterdrop Finished Up Today

Waterdrop Inc. (NYSE:WDH ) Q2 2022 Results Conference Call September 9, 2022 8:00 AM ET Company Participants Xiaojiao Cui - IR Shen Peng - Founder, Chairman & CEO Guang Yang - Co-Founder, Director and VP Hu Yao - Co-Founder, Director and VP Conference Call Participants Michael Li - Bank of America Qingqing Mao - CICC Operator Good morning, ladies and gentlemen, and thank you for standing by for Waterdrop Inc.'s Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Waterdrop Inc. (WDH) Q2 2022 Earnings Call Transcript

BEIJING , Sept. 9, 2022 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced its unaudited financial results for the second quarter ended June 30, 2022.

Waterdrop Inc. Announces Second Quarter 2022 Unaudited Financial Results

BEIJING , Sept. 7, 2022 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced the appointment of Ms.

Waterdrop Announces Appointment of a New Director

BEIJING , Sept. 2, 2022 /PRNewswire/ -- Waterdrop Inc. (NYSE: WDH) ("Waterdrop" or the "Company"), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2022, before U.S. markets open on Friday, September 9, 2022.

Waterdrop Inc. to Report Second Quarter 2022 Financial Results on September 9, 2022

BEIJING , Aug. 30, 2022 /PRNewswire/ -- Waterdrop Inc. (NYSE: WDH) ("Waterdrop" or "the Company"), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, announced that Waterdrop became a finalist for "2022 Green Practice Pioneering Projects", which organized by the National Business Daily ( NBD), a nationwide Chinese financial and economic daily newspaper published in Mainland China. Waterdrop attaches great importance to its sustainable development, besides building a commercial model for sustainable development, it also integrates the philosophy of environment management into the DNA of corporate operation, while actively responding to the call for energy conservation and emission reduction and always implementing the green and low-carbon development strategy.

Waterdrop receives the NBD "2022 Green Practice Pioneering Projects"

BEIJING , Aug. 26, 2022 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, recently released the User Family Security Report. According to the survey of the users of Waterdrop Insurance Marketplace, the report shows that users' insurance purchase behaviors are highly associated with families.

Waterdrop Releases User Family Insurance Report

BEIJING , Aug. 24, 2022 /PRNewswire/ -- Mr. Peng Shen, Founder, Chairman, and CEO of Waterdrop, took office as the vice chairman of the Overseas Students and Chinese Committee of the Beijing Youth Federation (BYF).

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