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Fanhua Company profile

About Fanhua Inc (ADR)

Fanhua Inc., formerly CNinsure Inc., is an independent online-to-offline financial services provider in China. The Company distributes a range of property, casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China to individual and institutional customers, and provides insurance claims adjusting services. Its segments include insurance agency, which provides a range of property, casualty and life insurance products to individual customers; insurance brokerage, which provides commercial lines of property and casualty insurance, group life insurance programs and risk management consulting services to businesses and reinsurance brokerage services to insurance companies, and claims adjusting, which provides claims adjusting services to self-insured entities or insurance companies that choose to outsource some or all of their claims adjustment functions. The Company's distribution and service network covers over 29 provinces in China.

Financial summary

BRIEF: For the nine months ended 30 September 2021, Fanhua Inc (ADR) revenues increased 2% to RMB2.47B. Net income increased 9% to RMB240M. Revenues reflect Agency -Life insurance business increase of 2% to RMB2.04B, Claims adjusting Business increase of 7% to RMB328.8M, Agency -P&C insurance Business increase of 1% to RMB102.4M. Net income benefited from Share of income of affiliates increase from RMB1.4M to RMB28.8M (earnings).

Equity composition

Common Stock $0.001 Par, 12/09, 1B auth., 912,497,726 issd. Insiders Own approx. 16.33%. IPO: 10/31/2007.