India, June 5 -- Waterdrop Inc. (WDH), a Chinese technology platform for insurance and healthcare services, reported Thursday that its first-quarter net profit attributable to ordinary shareholders grew 34.2 percent year-over-year to RMB 108.2 million.
During the quarter, Waterdrop reported net operating revenue of RMB 753.7 million.
Waterdrop's insurance-related revenue amounted to RMB 658.0 million, an increase of 8.4% year-over-year. The insurance business operating profit reached RMB 151.4 million.
The company noted that first-year premiums or FYPs generated by insurance business amounted to RMB 2.09 billion, representing an increase of 19.3% year over year.
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