SelectQuote, Inc. Reports First Quarter of Fiscal Year 2021 Results
Summary
With so many plans to choose from this year, that choice is as important than ever.” Chief Financial Officer Raffaele Sadun added, “Our results for the First Quarter demonstrated the strong growth in profitability in each of our divisions. Given the performance of our First Quarter, along with a strong start to AEP, we are raising our guidance for our fiscal year 2021.” *See reconciliation from non-GAAP measure, Adjusted EBITDA, to net income on pages 11-12 We currently report on three segments: 1) Senior, 2) Life and 3) Auto & Home. Management assesses the business on a per unit basis to help ensure that the revenue opportunity associated with a successful policy sale is attractive relative to the marketing acquisition cost. As a reminder, these expectations are forward-looking statements and actual results may be materially different and are affected by the risk factors and uncertainties identified in this press release and in our annual and quarterly filings with the Securities and Exchange Commission. Two foundational pillars underpin SelectQuote’s success: a force of more than 1,000 highly-trained and skilled agents who provide a consultative needs analysis for every consumer, and proprietary technology that sources, scores, and routes high-quality sales leads.