Exhibit 99.1 Waterdrop Inc. Announces Third Quarter 2023 Unaudited Financial Results BEIJING, Dec. 7, 2023 /PRNewswire/—Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced its unaudited financial results for the third quarter ended September 30, 2023. Financial and Operational Highlights for the Third Quarter of 2023 • High-quality business performance: For the third quarte ...