Selectquote Inc Stock Price, News & Analysis

SelectQuote, Inc. (NYSE: SLQT) has appointed Heidy Robertson-Cooper as Vice President of HealthCare Strategy. With a robust background in healthcare policy and value-based care, Robertson-Cooper aims to enhance SelectQuote's value-based care business. Previously with the American Academy of Family Physicians, she brings a wealth of experience in strategic planning and operations. Bob Grant, President of Senior Division, emphasized her capacity for operational improvement and program management will drive growth.

SelectQuote, Inc. (SLQT) reported a remarkable 103% increase in consolidated revenue for Q2 FY 2021, reaching $358.3 million, up from $176.3 million in Q2 FY 2020. Net income surged to $90.4 million, a $51.3 million rise compared to the previous year. Adjusted EBITDA also rose by 88% to $129.5 million. Notably, Senior revenue grew by 127% year-over-year, marking four consecutive quarters of over 100% growth. The company is raising its fiscal year 2021 guidance based on robust performance and agent productivity improvements, highlighting its strong growth potential.

SelectQuote, Inc. (NYSE: SLQT) has appointed Scott Dikeman as Vice President of Strategic Accounts, bringing extensive experience from Cerner. Dikeman will focus on expanding B2B opportunities in health care. His previous roles included leading Cerner's Venture Capital portfolio and business development for strategic partnerships. President Bob Grant emphasized that Dikeman's entrepreneurial spirit will be instrumental for growth in SelectQuote’s health care division. The company, established in 1985, specializes in offering unbiased comparisons for insurance consumers through highly-trained agents and advanced technology.

SelectQuote, Inc. (NYSE: SLQT) will announce its second quarter 2021 financial results after market close on February 8, 2021. CEO Tim Danker and CFO Raff Sadun will host a conference call at 5:00 pm ET to discuss the results. The company, founded in 1985, specializes in unbiased insurance comparisons and operates three primary business lines: SelectQuote Senior, SelectQuote Life, and SelectQuote Auto and Home. SelectQuote Senior is the largest segment, catering to a growing demographic of seniors with Medicare plans.

SelectQuote (NYSE: SLQT) has launched the beta version of its Medicare Plan Advisor, an online tool designed to assist consumers in selecting Medicare Advantage plans. This platform provides tailored information based on user location, medications, and doctors, enhancing the shopping experience for seniors who prefer digital options. SelectQuote emphasizes that the tool complements its licensed agents and is expected to increase customer satisfaction and retention. With 10,000 people turning 65 daily, this launch aligns with the upcoming Medicare Annual Election Period.

SelectQuote (NYSE: SLQT) announced participation in two upcoming virtual investor conferences. CEO Tim Danker and CFO Raff Sadun will engage in a fireside chat at the Credit Suisse Technology Conference on December 2, 2020, at 4:10 PM ET. They will also speak at the Piper Sandler Healthcare Conference on December 3, 2020, at 9:00 AM ET. These events aim to offer insights into SelectQuote's operations and market strategy. More details and live webcast registration are available on their Investor Relations website.

SelectQuote, Inc. has expanded its Medicare Advantage offerings by adding SCAN and Devoted Health to its carrier platform. This enhancement aims to support the upcoming Annual Enrollment Period from October 15 to December 7. SCAN, rated 4.5 stars for Medicare Advantage in California, and Devoted, which operates in Arizona, Florida, Ohio, and Texas, focus on quality and customer satisfaction. With over 1,000 trained agents, SelectQuote Senior is now positioned as a leading distributor in the Medicare market, catering to an aging population.

SelectQuote, Inc. (NYSE: SLQT) will announce its Q1 2021 financial results on November 5, 2020, after the market closes. CEO Tim Danker and CFO Raff Sadun will lead a conference call at 5:00 PM ET to discuss the results. Interested parties can join by phone or access the live webcast on the investor relations website. Since its founding in 1985, SelectQuote has focused on unbiased price comparisons among insurance carriers and operates three main business lines, with SelectQuote Senior being the largest and fastest-growing segment.

SelectQuote has onboarded over 2,000 associates ahead of the Medicare Annual Enrollment Period (AEP), which runs from October 15 to December 7. This new team will enhance efforts to serve more than 60 million Medicare beneficiaries. The Senior Division generates approximately 70% of its new policy sales during AEP. SelectQuote emphasizes customer service through highly-trained agents. The company expects to retain most of these associates as full-time employees, leveraging a unique 'Flex Agent' model that improves productivity and agent retention rates to 93%.