Soaring Waterdrop Profits by 59% Triggers $200 Million Dividend Fountain

In the bustling world of technology, Waterdrop Inc. and E-Find Platform continue to make waves, announcing significant growth and strategic expansions.

Peng Shen, the founder, chairman, and CEO of Waterdrop Inc., has reported robust financial growth for the company. The integration of AI into Waterdrop's sales and service processes has driven both top-line and bottom-line growth, as evidenced by a 80.2% year-over-year increase in first-year premiums (FYPs) and a net profit attributable to ordinary shareholders that rose by 58.7%.

Waterdrop's insurance business, in particular, has shown impressive growth. In Q2 2025, it generated RMB 3,204.3 million in FYPs, an increase of 80.2% year-over-year. The operating profit for the insurance business was RMB 170.9 million, marking a 39% year-over-year increase.

One of Waterdrop's key initiatives, the 'AI Customer Service Agent', has enhanced user experience, while the 'Life Planner Copilot' handled 300,000 insurance product-related consultations from online consultants. The company has also launched 'KEYI.AI', a real-time AI underwriting assistant for consultants, with plans to make it available to industry partners later this year.

Waterdrop's Digital Clinical Trial Solution has also seen growth, generating revenues of approximately RMB 27.7 million, representing a 34.2% year-over-year increase. E-Find Platform, a collaboration partner, enrolled 999 patients this quarter, cumulatively enrolling 12,216 patients into 1,385 clinical trial programs.

Waterdrop Medical Crowdfunding, another division of the company, has also seen success. It has cumulatively raised RMB 70 billion for 3.54 million patients. The platform has upgraded its risk assessment capabilities, using a large-language-model engine to scan every campaign's content, comments, and hidden clues for potential risks.

Waterdrop Medical Crowdfunding has also partnered with Guangzhou's Civil Affairs Bureau to launch 'Waterdrop Co-Help', a government-endorsed platform integrating social and public welfare resources.

In a commitment to upholding the principle of "Tech for good", Waterdrop plans to continue embracing AI and providing long-term value for users, partners, and shareholders in the second half of 2025. The company has also announced an enhanced cash dividend of US$10.9 million, representing a 50% increase over the previous dividend.

Lastly, Waterdrop introduced the industry's first Million Medical Insurance policy with no health declaration required and guaranteed renewal for five consecutive years. The company has also repurchased approximately 55.7 million American Depositary Shares (ADSs) from the open market since its first share repurchase program in September 2021.

With these developments, Waterdrop Inc. reported net operating revenue of RMB 838.0 million in Q2 2025, a 23.9% year-over-year increase. The insurance-related revenue was RMB 738.6 million, marking a 28.7% year-over-year increase. Operating expenses accounted for 38.7% of revenue in Q2 2025, a decrease of 6.4 percentage points year-on-year. The 'Waterdrop Guardian' AI Application Suite also experienced growth in the second quarter, with monthly premiums facilitated by 'AI Medical Insurance Expert' climbing 155% versus last quarter.

These developments underscore Waterdrop's commitment to innovation, growth, and providing valuable services to its users. As the company continues to expand and integrate AI into its services, it is poised to make significant contributions to the healthcare and insurance industries.