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OVERLAND PARK, Kan. - SelectQuote, Inc. (NYSE:SLQT) reported better-than-expected revenue for its fiscal third quarter and provided an upbeat outlook for the full year on Monday.
The insurance comparison platform’s shares jumped 4.12% in pre-market trading following the release.
The company posted revenue of $408.2 million for the quarter ended March 31, 2025, surpassing analyst estimates of $402.33 million. This represents an 8.4% increase compared to $376.4 million in the same quarter last year.
However, adjusted earnings per share came in at $0.03, slightly below the consensus forecast of $0.04.
SelectQuote’s Senior segment, which focuses on Medicare plans, saw revenue decline 17% YoY to $169.4 million. The Healthcare Services (NASDAQ:HCSG) segment revenue surged 53% to $189.6 million, while the Life segment grew 13% to $45.8 million.
"We are very proud of the service and value we delivered to America’s seniors over this past year’s highly unique Medicare Advantage season," said CEO Tim Danker. He noted that SelectQuote’s agents achieved a 15% increase in YoY policy close rates despite significant changes in plan features and higher carrier termination activity.
Looking ahead, SelectQuote provided fiscal 2025 revenue guidance of $1.5 billion to $1.575 billion, the midpoint of which exceeds the analyst consensus of $1.53 billion. The company expects adjusted EBITDA between $115 million and $140 million for the full year.
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