March 18, 2020 / 9:58 PM / 21 days ago

BRIEF-Fanhua Reports Fourth Quarter And Fiscal Year 2019 Unaudited Financial Results

March 18 (Reuters) - Fanhua Inc:

* FANHUA REPORTS FOURTH QUARTER AND FISCAL YEAR 2019 UNAUDITED FINANCIAL RESULTS

* QTRLY DILUTED NET LOSS PER ADS $0.60

* QTRLY NON-GAAP DILUTED NET INCOME PER ADS $0.25

* STRONGLY POSITIONED TO CAPTURE OPPORTUNITIES IN INSURANCE MARKET IN H2 2020

* EXPECT CO’S BUSINESS TO RESUME TO NORMAL LEVEL IN Q2 OF 2020

* EXPECT LIFE INSURANCE APE TO BE NO LESS THAN RMB300 MILLION, RENEWAL PREMIUMS TO BE NO LESS THAN RMB1.8 BILLION FOR Q1

* REGULAR DIVIDEND POLICY WILL REMAIN UNCHANGED

* EXPECT OPERATING INCOME TO BE NO LESS THAN RMB50 MILLION FOR Q1 OF 2020

* FOR FULL YEAR OF 2020, EXPECT LIFE INSURANCE APE TO BE NO LESS THAN RMB1.7 BILLION

* FOR FULL YEAR OF 2020, EXPECT TOTAL LIFE INSURANCE GWP TO BE NO LESS THAN RMB10 BILLION, AND OPERATING INCOME TO BE NO LESS THAN RMB420 MILLION Source text for Eikon: Further company coverage:

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