From Investing.com: 2024-09-14 13:08:02

SelectQuote Inc. (NYSE:) reported a strong Q4 performance for fiscal year 2024, with revenue reaching $479 million and a 39% increase in revenue to $307 million. Despite exceeding expectations, the company anticipates a decline in approved policy count for fiscal 2025 due to changes in commission structures. Key segments like Senior Medicare Advantage and Healthcare Services saw significant growth, with SelectQuote remaining optimistic about leveraging data advantages in healthcare. Analysts anticipate challenges and stock performance volatility for the company. The recent nonbinding letter of intent for securitization aims to strengthen SelectQuote’s balance sheet for long-term growth. Operating efficiencies and the modernization of facilities are expected to enhance margins despite challenges in fiscal 2025. With a focus on unit profitability and potential leverage of data and connectivity, SelectQuote aims to capitalize on market opportunities and drive profitability.



Read more at Investing.com: SelectQuote sees robust growth in Q4, projects mixed outlook By Investing.com