Insurance and healthcare company Waterdrop's Q3 revenue up 38.4%, net profit rises 60.1%

Waterdrop

03/12/2025 10:16

Overview

Waterdrop Q3 operating revenue rises 38.4% yr/yr to RMB974.9 mln

Net profit for Q3 grows 60.1% yr/yr to RMB158.5 mln

Company repurchased 58.1 mln ADSs, showing confidence in business strategy

Outlook

Company expects AI to drive business momentum and service improvements

Result Drivers

INSURANCE PRODUCT INNOVATION - Introduction of Quan Jia Fu Family Protection Plan and upgraded Guo Min Bao Medical Insurance contributed to revenue growth

AI ENHANCEMENTS - Deployment of AI tools like AI Medical Insurance Expert and KEYI.AI underwriting assistant improved efficiency and increased premiums

CROWDFUNDING RISK CONTROL - Enhanced campaign risk control measures improved fraud detection and transparency in fund distribution

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Operating Revenue
RMB 974.86 mln
Q3 Adjusted Net Income
RMB 167.70 mln
Q3 Net Income
RMB 158.50 mln
Q3 Operating Income
RMB 113.77 mln
Q3 Pretax Profit
RMB 168.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the multiline insurance & brokers peer group is "buy"

Wall Street's median 12-month price target for Waterdrop Inc is $1.90, about 1.6% above its December 2 closing price of $1.87

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nPn5tbDnka

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)