Waterdrop Inc Stock Price, News & Analysis

Waterdrop Inc. announced that its Founder and CEO, Peng Shen, received the Top 10 Charitable Entrepreneurs award at the For Good Awards 2022 for his contributions to social enterprise.

Through its "Insurance + Healthcare" model, Waterdrop has facilitated over RMB55.4 billion in medical crowdfunding for critical illnesses, benefiting 2.69 million patients. The company’s charity initiatives have raised over RMB1 billion through 14,500 campaigns.

Waterdrop continues to focus on technological advancements to improve healthcare accessibility.

On December 3, 2022, the Alumni Association of Zhejiang University-The Hong Kong Polytechnic University Joint Center held its second member representative conference, where new council members, including Peng Shen, Founder and CEO of Waterdrop, were elected. Peng Shen was appointed as Vice Chairman. Waterdrop, founded in 2016, is notable for its insurance and healthcare technology services. The press release emphasizes the partnership between Zhejiang University and the Hong Kong Polytechnic University, enhancing collaborative efforts in education and research.

Waterdrop Inc. (NYSE: WDH) announced its Q3 2022 financial results, showing a robust revenue growth of 10.1% quarter-over-quarter, reaching RMB772.2 million (US$108.6 million). The company's first-year premiums also grew to RMB1,785.3 million (US$251.0 million), an increase of 8.4%. Waterdrop achieved a net profit of RMB169.6 million (US$23.8 million), continuing its profitability trend. Operating costs decreased by 50.5% year-over-year, and cash balance rose to RMB3,588.6 million (US$504.5 million), indicating effective cost control and positive cash flow.

Waterdrop Inc. (NYSE: WDH) announced it will report its unaudited financial results for Q3 2022 on December 6, 2022, before U.S. market open. The management will hold a conference call at 7:00 AM Eastern Time to discuss these results. Investors can access the call via dial-in or through the Company's investor relations website for live and archived webcasts. Waterdrop is focused on leveraging technology in insurance and healthcare services, aiming to impact billions positively.

On November 16, Yao Hu, co-founder of Waterdrop, highlighted advancements in pharmaceutical innovation at the Jiemian Big Health Forum 2022. Waterdrop, founded in 2016, has served over 110 million customers with health insurance and raised RMB53.3 billion for 2.58 million patients through its Medical Crowdfunding platform. The company has developed three key platforms in pharmaceutical innovation: Waterdrop Patient Platform, Digital Marketing Platform, and E-find. Hu emphasized a commitment to accelerate drug R&D and strategic collaborations with pharmaceutical firms for better service delivery.

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Waterdrop has introduced an innovative insurance policy aimed at protecting against breast cancer recurrence, addressing significant patient concerns highlighted in NCI's SEER statistics. This policy is available for individuals aged 18 to 65, with coverage extending to 75 upon renewal. Key features include a low threshold for coverage (Stages 0-III), up to RMB 300,000 in benefits for recurrence, healthcare, and wonder drugs, and no deductibles for anti-cancer medications. Additional services like psychological counseling are also provided to support patients during treatment.

Waterdrop has launched its first independent personal insurance agent-based community outlet in Shenzhen, aimed at integrating insurance services with community healthcare. This initiative aligns with Shenzhen's plan to enhance healthcare accessibility. The outlet will offer family insurance risk management services within a 500-meter radius, focusing on understanding customer needs through the WFind system for personalized insurance solutions. Since 2021, Waterdrop has expanded its offline brokerage efforts, establishing teams in nearly ten cities. This move is part of its strategy to contribute to community healthcare systems.