AIFU Inc.

AIFU Inc. is a leading independent financial services provider. Through our online platforms and offline sales and service network, we offer a wide variety of life insurance and property and casualty products to individuals. 

We strategically focus on providing regular life and health insurance products including individual whole life insurance, critical illness insurance, annuity, term life insurance, endowment life insurance and participating insurance. In addition, we also provide claims adjusting services and property and casualty insurance products such as accidental insurance, travel insurance, homeowner insurance and indemnity medical insurance. Commissions and fees from our life insurance agency business, P&C insurance agency business and claims adjusting services each accounted for 65.6%, 8.0% and 26.4% of our total commission and fee revenue in 2024.

We utilizes our strengths to curate a diverse array of financial products and services from across the entire market, combining “insurance + wealth”, “insurance + trust”, “insurance + health care”, and “insurance + services”. To cater to the needs of the aging population in China, we also provide value-added services, such as senior care services, healthcare services, overseas allocation services, and family office services.

Individual Accident Insurance. The individual accident insurance products we distribute generally provide a guaranteed benefit during the coverage period, which is usually one year or a shorter period, in the event of death or disability of the insured as a result of an accident, or a reimbursement of medical expenses to the insured in connection with an accident. These products typically require only a single premium payment for each coverage period. Because most of the individual accident insurance products we distribute are underwritten by property and casualty insurance companies, we classify individual accident insurance products as property and casualty insurance products.

Travel Insurance. The travel insurance products we distribute are short-term insurance providing guaranteed benefit in the event of death or disability and covering travel-related emergencies and losses, either within one's own country, or internationally. These products typically require only a single premium payment for each coverage period.

Homeowner Insurance. The homeowner insurance products we distribute primarily cover damages to the insured house, along with furniture and household electrical appliance in the house caused by a number of incidents such as fire, flood and explosion.

Indemnity medical insurance. The indemnity medical insurance products we facilitate typically have a one-year term and provide conditional reimbursement for medical and surgical expenses incurred for treating illnesses during the coverage period. These products typically require only a single premium payment for each coverage period. Because most of these medical insurance products we distribute are underwritten by property and casualty insurance companies, we classify indemnity medical products as property and casualty insurance products.

Due to constant product innovation by insurance companies, some of the insurance products we distribute combine features of one or more of the categories listed below.

Individual Health Insurance
The individual health insurance products we distribute primarily consist of critical illness insurance products, which provide guaranteed benefits for specified serious illnesses and medical insurance, which provides conditional reimbursement for medical expenses during the coverage period. In return, the insured makes periodic payment of premiums over a pre-determined period.

Individual Endowment Life Insurance
The individual endowment products we distribute generally provide insurance coverage for the insured for a specified time period and maturity benefits if the insured reaches a specified age. The individual endowment products we distribute also provide to a beneficiary designated by the insured guaranteed benefits upon the death of the insured within the coverage period. In return, the insured makes periodic payment of premiums over a pre-determined period, generally ranging from five to 25 years.

Individual Annuity
The individual annuity products we distribute generally provide annual benefit payments after the insured attains a certain age, or for a fixed time period, and provide lump sum payment at the end of the coverage period. In addition, the beneficiary designated in the annuity contract will receive guaranteed benefits upon the death of the insured during the coverage period. In return, the purchaser of the annuity products makes periodic payments of premiums during a pre-determined accumulation period.

Individual Whole Life Insurance
The individual whole life insurance products we distribute provide insurance for the insured person’s entire life in exchange for the periodic payment of fixed premiums over a pre-determined period, generally ranging from five to 20 years, or until the insured reaches a certain age. The face amount of the policy or, for some policies, the face amount plus accumulated interest is paid upon the death of the insured.

Individual Term Life Insurance
The individual term life insurance products we distribute provide insurance coverage for the insured for a specified time period or until the attainment of a certain age, in return for the periodic payment of fixed premiums over a pre-determined period, generally ranging from five to 20 years. Term life insurance policies generally expire without value if the insured survives the coverage period.

Group Life Insurance
We distribute several group life insurance products, including group health insurance. These group products generally have a policy period of one year and require a single premium payment.
 

We received commissions from insurance companies for the distribution of insurance products, which are generally calculated as a percentage of premiums paid by our customers to the insurance companies. For long term life insurance products, in addition to initial commissions, we are also entitled to receive renewal commissions as long as the policyholders continue to pay renewal premiums to renew the insurance policies. 
 

As of March 31, 2025, we had established business relationships with 62 insurance companies in the PRC, and we also connected with 844 institutional platform users through our open platform and MGA platform. For the year ended December 31, 2024, our top five insurance company partners were Sinatay Life Insurance Co., Ltd., Ping An Property & Casualty Insurance Company of China, Greatwall Life Insurance Co., Ltd, Aeon Life Insurance Co., Ltd., and Rui Life Insurance Co., Ltd., by net revenues.

AIFU's fiscal year ends on December 31.

One ADS represents 20 ordinary shares of AIFU Inc.

Since our IPO in 2007, the Company has actively returned cash to our shareholders to maximize shareholder return by distributing an accumulated amount of dividend payouts of US$268.3 million to our shareholders and spent US$107.7 million on share buyback, representing over 50% of our accumulated operating cash flow since IPO. 

For future dividends, if any, our board of directors has discretion as to whether to distribute dividends, subject to certain restrictions under Cayman Islands law, namely that our company may only pay dividends out of profits or share premium account, and provided always that in no circumstances may a dividend be paid unless, immediately following the date on which it is to be paid, our company will be able to pay its debts as they fall due in the ordinary course of business. In addition, our shareholders may by ordinary resolution declare a dividend, but no dividend may exceed the amount recommended by our directors. The timing, amount and form of dividends, if any, will depend on, among other things, our future results of operations and cash flow, our capital requirements and surplus, the amount of distributions, if any, received by us from our subsidiaries, our financial condition, contractual restrictions and other factors deemed relevant by our board of directors.
 

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