Why Shares of Waterdrop Are Surging
Shares of the Chinese life and health insurance company Waterdrop (NYSE: WDH) jumped more than 20% as of 1:25 p.m. EDT today after the company reported earnings results for the fourth quarter of 2021. Waterdrop broke even in Q4 and generated revenue equivalent to nearly $95 million. Waterdrop generated first-year premiums equivalent to nearly $2.6 billion in 2021, up 13.4% from 2020.