Fanhua Inc. (China)

The Company is an independent insurance agency and brokerage company in China.
The Company distributes insurance products underwritten by domestic and foreign insurance companies operating in China, and provides various insurance-related services, such as emergency services in select cities, damage assessment, and assistance with claim settlement to individuals and institutions. The company markets and sells property and casualty insurance products, including automobile, individual accident, commercial property, homeowner, cargo, hull, liability, and construction insurance; and life insurance products, such as individual whole life, individual term life, individual endowment, individual education, individual health, group life, and universal insurance.
The Company operated two segments: the insurance agency segment and the claims adjusting segment.
HISTORY
1998 The company was founded.
2006 On March 31, 2006, the Company acquired 82 of the outstanding common shares of Sichuan Fanhua Xintai Insurance Agency Company Limited. On June 30, 2006, the Group acquired 51.22 of the outstanding common shares of Fujian Xinheng Insurance Agency Company Limited. On October 31, 2006, the Group acquired 55 of the outstanding common shares of Hebei Anxin Insurance Agency Company Limited.
2007 The Company was incorporated in Cayman Island on April 10 2007. On September 30, 2007, the Group acquired additional 3.78 of the outstanding common shares of Fujian Xinheng. On October 31, 2007, Its ticker listed on the Nasdaq Global Market symbol was “CISG.”
2016 On December 6, 2016 Its ordinary shares are listed on the Nasdaq Global Select Market under the symbol “FANH.”
2023 On January 3, 2023, The Company entered into definitive agreements with the existing shareholders of Zhongrong Smart Finance Information Technology Co., Ltd. On February 8, 2023, The Company entered into a definitive agreement with the existing shareholder of Wuhan Taiping Online Insurance Agency Co., Ltd. On February 6, 2023, The Company entered into a definitive agreement with the existing shareholders of Jilin Zhongji Shi'An Insurance Agency Co., Ltd (“Zhongji”), to acquire 51 of the equity interests of Zhongji.