Waterdrop Inc Stock Price, News & Analysis

Waterdrop Inc. (NYSE: WDH) has launched 'Waterdrop Blue Ocean', a groundbreaking series of critical illness insurance products in partnership with China United Property Insurance and Yong An Insurance. This initiative features a waiver on health declarations, targeting customers with pre-existing medical conditions, an underserved market segment. The product ensures comprehensive coverage for 193 illnesses, with annual premiums starting from RMB 679. This launch signifies Waterdrop's commitment to making insurance more inclusive and accessible, addressing the critical need for coverage among elderly and chronic disease patients.

Waterdrop Inc. (NYSE: WDH) reports Q1 2022 results with net operating revenue of RMB648.7 million (US$102.3 million), a 7.4% increase quarter-over-quarter despite a 26.6% year-over-year decline. Notably, the company achieved its first GAAP net profit of RMB105.0 million (US$16.6 million). Sales and marketing expenses saw a significant drop of 75.6%, contributing to improved profitability. Cumulative insurance customers reached 111.1 million, while cash reserves increased to RMB2,924.2 million (US$461.3 million). The company aims for sustained revenue growth and profitability throughout 2022.

Waterdrop Inc. (NYSE: WDH) has announced it will release its unaudited financial results for Q1 2022 on June 15, 2022, prior to U.S. market opening. A conference call will follow at 8:00 AM EDT, where management will discuss the financial results with investors. Details for dial-in participation are provided, and a replay will be accessible after the call. Waterdrop aims to improve insurance and healthcare access through its technology platform, including the Waterdrop Insurance Marketplace and Medical Crowdfunding.

Waterdrop Inc. (NYSE: WDH) appointed Mr. Ning Zhu as an independent director on May 2, 2022, enhancing its board's governance. Zhu, a finance professor and former tenured professor at UC Davis, brings substantial expertise, which the company believes will strengthen risk management and corporate governance. His addition will make the board consist of nine members, including three independent directors. The current chairman, Peng Shen, expressed optimism about Zhu's contributions to the company’s positive social impact through technological advancements in insurance and healthcare.

Waterdrop Inc. (NYSE: WDH) filed its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on April 28, 2022. The report includes audited consolidated financial statements and is available on the Company's investor relations website and the SEC's site. Shareholders can request a hard copy of the report free of charge. Waterdrop is a technology platform focused on insurance and healthcare services aimed at making healthcare accessible through technology.

Waterdrop Inc. (NYSE: WDH) reported its financial results for Q4 and fiscal year 2021, highlighting a 13.4% increase in first-year premiums to RMB16,363 million ($2,568 million). The company achieved an adjusted net profit of RMB5.9 million ($0.9 million), significantly reducing its net loss margin to negative 11.8%. Operating revenue for Q4 decreased by 27.3% year-over-year to RMB603.9 million ($94.8 million), driven by a decline in insurance-related income. Despite challenges, Waterdrop aims for non-GAAP operating profit in 2022.

Waterdrop Inc. (NYSE: WDH) will release its unaudited financial results for Q4 and fiscal year 2021 on March 23, 2022, before the U.S. market opens. The management will host a conference call on the same day at 8:00 AM Eastern Time to discuss these results. Interested parties can access the call through provided dial-in numbers, and a live webcast will also be available on the company's investor relations website. Waterdrop aims to leverage technology in insurance and healthcare services, having launched in 2016.

Waterdrop announced its unaudited financial results for Q3 2021, reporting a 37.5% year-over-year increase in first-year premiums (RMB14,464 million, US$2,245 million). However, net operating revenue fell by 9.7% to RMB779.3 million (US$120.9 million), driven by a 9.4% decrease in insurance-related income. Operating expenses increased 31.5% year-over-year to RMB1,292.3 million (US$200.6 million). Net loss attributable to the Company was RMB477.0 million (US$74.0 million), a loss increase of 242.6% compared to the same period last year, but improved by 27.3% sequentially.