Revenue Growth
SelectQuote reported third quarter revenues of $408 million, an 8% increase compared to the previous year, driven by strong member onboarding in the SelectRx business.
SelectRx Membership Increase
SelectRx membership grew to nearly 106,000 members, representing a 41% increase compared to a year ago, contributing to $675 million in trailing 12-month revenues.
Life Insurance Segment Performance
Life Insurance revenues grew by 13%, with profits more than doubling compared to a year ago, demonstrating strong top and bottom-line performance.
Efficient Customer Acquisition
The company's trailing 12-month revenue to customer acquisition cost (CAC) was 5.8x, compared to 4.2x a year ago, indicating improved marketing efficiency.
Senior Segment Margins
The Senior segment delivered a 27% margin despite a 26% smaller agent force, showing impressive efficiency and execution during a challenging Medicare Advantage season.