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SelectQuote, Inc. (symbol: SLQT) is a leading Direct-to-Consumer (DTC) distribution platform that enables consumers to shop for health, life, auto, and home insurance policies online. Founded over 25 years ago, SelectQuote revolutionized the process of buying term life insurance by providing unbiased price comparisons from highly-rated term life insurance companies. Today, SelectQuote stands as America’s #1 term life sales agency, renowned for its customer-centric approach and innovative technology.
The company functions through three primary lines: SelectQuote Senior, SelectQuote Life, and SelectQuote Auto & Home. These segments are further categorized into four reportable segments: Senior, Healthcare Services, Life, and Auto & Home.
SelectQuote's business model revolves around generating revenues through commissions earned by selling insurance products on behalf of its carrier partners. The trusted companies represented by SelectQuote have been carefully chosen based on their ability to offer favorable rates, especially for individuals with certain risk factors such as smoking or existing health conditions like high cholesterol or blood pressure.
One of the standout features of SelectQuote is its dedicated personal agents who are committed to answering all customer questions, providing comprehensive information for informed decision-making, and diligently shopping for the best prices available. The company’s breakthrough technology has streamlined what is often a lengthy and involved application process, ensuring a hassle-free experience for consumers.
Recent achievements include expanding their Senior and Healthcare Services segments to better cater to an aging population and those seeking specialized healthcare plans. Current projects focus on leveraging technology to enhance customer experience, expand product offerings, and increase market penetration.
Financially, SelectQuote continues to show strong performance, driven by a combination of strategic partnerships and innovative service offerings. The company's commitment to customer satisfaction and operational efficiency positions it well for future growth.
SelectQuote, Inc. (NYSE: SLQT) reported consolidated revenue of $275.1 million for Q3 FY2022, an increase from $265.3 million in Q3 FY2021. The company experienced a net loss of $6.4 million compared to a net income of $35.2 million in the prior year. Adjusted EBITDA was $13.0 million, down from $63.6 million year-over-year. The company maintained its full-year guidance for revenue, expecting between $810 million and $850 million with a net loss range of $255 million to $236 million.
SelectQuote (NYSE: SLQT) will announce its fiscal Q3 2022 financial results on May 5, 2022, before market opening. CEO Tim Danker and CFO Raff Sadun will discuss the results in a conference call at 8:30 AM ET the same day. SelectQuote, established in 1985, offers unbiased insurance comparisons from reputable carriers, helping consumers protect their families and assets. It operates through three main divisions: Senior, Life, and Auto & Home. The company is focused on serving a rapidly aging demographic, particularly in Medicare-related services.
SelectQuote, Inc. (NYSE: SLQT) has formed a strategic partnership with a leading hearing benefits provider to launch the SelectHearing program. This initiative aims to provide affordable hearing healthcare and hearing aid options to members of Population Health. The partnership aligns with recent FDA efforts to enhance access to hearing aids, addressing untreated hearing loss which has been linked to significantly higher healthcare costs. The program is expected to improve health outcomes for consumers, particularly among older adults who often experience hearing limitations.
SelectQuote (NYSE: SLQT) has established a new Healthcare Advisory Board to enhance its Population Health strategy. This board comprises experts from various healthcare sectors, aimed at improving consumer engagement and reducing healthcare costs. Notable members include Dr. Kavita Patel and Earl Devanny, along with several distinguished professionals from the healthcare domain. The board will provide strategic insights and recommendations to strengthen Population Health services, signaling a commitment to innovation and better health outcomes.
SelectQuote, Inc. (SLQT) reported a consolidated revenue of $195.0 million for Q2 FY2022, down from $357.6 million in the same quarter last year. The company faced a net loss of $137.0 million, compared to a net income of $89.9 million a year ago. Adjusted EBITDA was $(163.3) million. Full-year guidance expects revenue between $810 million to $850 million and a net loss of $255 million to $236 million. The Senior segment experienced a notable decline in revenue and profitability due to market challenges.
On February 7, 2022, SelectQuote (NYSE: SLQT) will release its fiscal Q2 2022 financial results after market close. CEO Tim Danker and CFO Raff Sadun will host a conference call at 5:00 PM ET on the same day to discuss these results. The release will detail performance metrics and future outlook, catering to investors seeking insights into the company's growth trajectory. SelectQuote is known for providing consumers with unbiased insurance comparisons, with a strong focus on Medicare solutions as its fastest-growing segment.
SelectQuote, Inc. (NYSE: SLQT) reported a consolidated revenue of $159.9 million for Q1 FY2022, a 29% increase year-over-year. However, the company faced a net loss of $45.4 million, compared to a net income of $0.8 million in the previous year. The Senior segment saw revenues of $106.3 million (up 45% YoY), but Adjusted EBITDA was $(44.0) million, down from $12.1 million. The Auto & Home segment also declined 22% in revenue, highlighting mixed performance across sectors.
BrainCheck, a cognitive healthcare platform, has raised $10 million in Series B funding led by
SelectQuote (NYSE: SLQT) announced a new partnership with Ready Responders to enhance non-emergency healthcare services delivered in patients' homes. This collaboration is part of the Population Health platform, aiming to improve healthcare literacy and navigate services effectively for seniors. Over 40% of Population Health members visited emergency rooms last year, highlighting the need for accessible healthcare. Ready Responders provides on-demand care through telehealth and home visits, operating in cities like New York and Miami.
SelectQuote, Inc. (NYSE: SLQT) will announce its fiscal Q1 2022 financial results post-market on November 4, 2021. CEO Tim Danker and CFO Raff Sadun will lead a conference call at 5:00 pm ET the same day to discuss results. The company focuses on comparing insurance from trusted carriers, with significant segments including Medicare solutions. Founded in 1985, SelectQuote has recently expanded its offerings, enhancing its service model with innovative technology and skilled agents to cater to the growing senior demographic.
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