SelectQuote, Inc. reported its financial results for the three and nine months ended March 31, 2026, revealing a total revenue of $430.9 million for the quarter, a 5.6% increase from $408.2 million in the same period last year. For the nine-month period, revenue reached $1.3 billion, up 9.7% from $1.18 billion year-over-year. The company’s net income for the quarter was $40.2 million, compared to $26.0 million in the prior year, while net income for the nine months was $79.0 million, significantly higher than $34.7 million in the same period last year. This resulted in a basic net income per share of $0.11 for the quarter, consistent with the previous year, and a diluted net income per share of $0.11, up from $0.03.
The company experienced notable changes in its operational metrics, with a 6% increase in approved policies in its Senior segment, which includes Medicare Advantage and Medicare Supplement plans. However, the total submitted policies decreased by 1% for the quarter, attributed to a decline in close rates and a reduction in the number of productive agents. In the Healthcare Services segment, SelectQuote reported a 5% increase in revenue, driven by a rise in SelectRx pharmacy members, which grew by 11% year-over-year. The Life segment also saw a revenue increase of 4%, primarily due to higher final expense commissions.
SelectQuote has made strategic moves to enhance its service offerings, particularly in healthcare services, which now include SelectRx and SelectPatient Management (SPM). The company’s focus on expanding its healthcare services reflects a shift from its traditional Auto & Home insurance business, which is no longer a core focus. The acquisition of SPM in 2024 for $4 million is part of this strategy, aimed at providing comprehensive care management solutions for patients with chronic conditions.
In terms of financial health, SelectQuote's total assets increased to $1.33 billion as of March 31, 2026, up from $1.25 billion a year earlier. The company’s total liabilities decreased slightly to $671.2 million from $673.8 million. The company also reported a significant reduction in interest expenses, down 48% for the quarter, attributed to a lower principal balance following the repayment of previous term loans. Looking ahead, SelectQuote anticipates continued growth in its healthcare services and remains focused on optimizing its operational efficiencies to enhance profitability.
About SelectQuote, Inc.
SelectQuote is a technology-driven insurance and healthcare services platform specializing in direct-to-consumer distribution of senior health, life, auto, and home insurance products. It leverages proprietary AI and data analytics to optimize lead generation, agent routing, and customer engagement. The company also offers healthcare solutions like pharmacy and chronic care management, focusing on personalized, accessible services for seniors and expanding its market presence through strategic partnerships.
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