v3.25.1
Segment Reporting
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting

(24) Segment Reporting

 

As of December 31, 2023 and 2024, the Group operated two segments: (1) the insurance agency segment, which mainly consists of providing agency services for distributing life and P&C insurance products on behalf of insurance companies, and (2) the claims adjusting segment, which consists of providing pre-underwriting survey services, claim adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services. Operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the Group’s chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The Group’s CODM is the Chief Executive Officer. 

 

The following table shows the Group’s operations by business segment for the years ended December 31, 2022, 2023 and 2024. Other represents revenue and expenses that are not allocated to reportable segments and corporate related items.

 

   For the year ended December 31, 2024     
   Agency   Claims Adjusting   Other   Consolidated   Consolidated 
   RMB   RMB   RMB   RMB   USD 
   (In thousands)     
Total revenues   1,331,778    477,053    
—
    1,808,832    247,809 
                          
Operating costs and expenses:                         
Cost of revenues   (799,781)   (313,085)   
—
    (1,112,866)   (152,462)
Selling expenses   (86,372)   (104,289)   (17,922)   (208,583)   (28,576)
General and administrative expenses   (329,519)   (48,403)   (141,183)   (519,105)   (71,117)
Impairment loss   (404,121)             (404,121)   (55,364)
Total operating costs and expenses   (1,619,793)   (465,779)   (159,105)   (2,244,675)   (307,519)
                          
Operating profit   (288,015)   11,275    (159,105)   (435,843)   (59,710)
                          
Gains or loss from fair value change   
—
    
—
    (78,499)   (78,499)   (10,754)
Investment income   42,288    
—
    
—
    42,288    5,793 
Gains from the disposal of subsidiaries             897,306    897,306    122,930 
Interest income   2,144    648    12,948    15,740    2,156 
Financial cost   (4,450)   (2)   1,135    (3,317)   (454)
others,net   (136,875)   12    112,429    (24,434)   (3,346)
                          
Income (loss) before income taxes   (384,908)   11,933    786,214    413,241    56,615 
                          
Income Tax expense   11,867    (6,761)   (103,822)   (98,715)   (13,524)
Share of Loss of affiliates             (5,052)   (5,052)   (692)
                          
Net income (loss)   (373,041)   5,172    677,340    309,474    42,399 
Less: net income (loss) attributable to noncontrolling interests   (148,720)   3,234    
—
    (145,485)   (19,931)
Net income (loss) attributable to AIFU Inc.   (224,321)   1,938    677,340    454,959    62,330 
   For the year ended December 31, 2023 
   Agency   Claims adjusting   Other   Consolidated 
   RMB   RMB   RMB   RMB 
Net revenues:  (In thousands) 
Total net revenues   2,760,448    437,941    
—
    3,198,389 
Operating costs and expenses:                    
Total operating costs   (1,868,672)   (276,744)   
—
    (2,145,416)
Selling expenses   (131,934)   (98,393)   (19,896)   (250,223)
General and administrative expenses   (421,780)   (43,452)   (141,693)   (606,925)
Impairment loss   —    —    —    — 
Total operating costs and expenses   (2,422,386)   (418,589)   (161,589)   (3,002,564)
Income (Loss) from operations   338,062    19,352    (161,589)   195,825 
Other income, net:                    
Gains (Losses) from fair value change   
—
    
—
    102,867    102,867 
Investment income related to the realized gain on available-for-sale investments   7,221    856    41,029    49,106 
Gains (Losses) from the disposal of subsidiaries   (2,904)   
—
    
—
    (2,904)
Interest income   1,448    740    13,557    15,745 
Financial cost   (10,055)   —    —    (10,055)
Others, net   3,457    (19,897)   15,674    (766)
Income before income taxes, share of income and impairment of affiliates, net   337,229    1,051    11,538    349,818 
Income tax expense   (57,086)   (196)   (2,120)   (59,402)
Share of income of affiliates, net of impairment   (1,317)   
—
    
—
    (1,317)
Net income   278,826    855    9,418    289,099 
Less: net (loss) income attributable to the noncontrolling interests   4,773    3,849    
—
    8,622 
Net income attributable to the Company’s shareholders   274,053    (2,994)   9,418    280,477 

 

   For the year ended December 31, 2022 
   Agency   Claims adjusting   Other   Consolidated 
   RMB   RMB   RMB   RMB 
   (In thousands) 
Net revenues:                
Total net revenues   2,376,851    404,763    
—
    2,781,614 
Operating costs and expenses:                    
Total operating costs   (1,527,572)   (268,031)   
—
    (1,795,603)
Selling expenses   (159,547)   (102,943)   (10,216)   (272,706)
General and administrative expenses   (370,859)   (45,645)   (128,126)   (544,630)
Impairment loss   —    —    —    — 
Total operating costs and expenses   (2,057,978)   (416,619)   (138,342)   (2,612,939)
Income (Loss) from operations   318,873    (11,856)   (138,342)   168,675 
Other income, net:                    
Gains (Losses) from fair value change   
—
    
—
    
—
    
—
 
Investment income related to the realized gain on available-for-sale investments   217    599    16,993    17,809 
Gains (Losses) from the disposal of subsidiaries   
—
    
—
    
—
    
—
 
Interest income   1,092    529    12,053    13,674 
Others, net   2,994    (24,311)   17,494    (3,823)
Income before income taxes, share of income and impairment of affiliates, net   323,176    (35,039)   (91,802)   196,335 
Income tax expense(benifit)   (78,993)   9,074    28,903    (41,016)
Share of income of affiliates, net of impairment        (272)   (69,324)   (69,596)
Net income   244,183    (26,237)   (132,223)   85,723 
Less: net (loss) income attributable to the noncontrolling interests   
—
    (14,549)   
—
    (14,549)
Net income attributable to the Company’s shareholders   244,183    (11,688)   (132,223)   100,272 

 

Substantially all of the Group’s revenues for the three years ended December 31, 2022, 2023 and 2024 were generated from the PRC. A substantial portion of the identifiable assets of the Group is located in the PRC. Accordingly, no geographical segments are presented.