SelectQuote, Inc. Common Stock (SLQT)
Frequently Asked Questions About SelectQuote, Inc. Common Stock (SLQT)
Can consumers purchase insurance directly from SelectQuote?
Yes, consumers can use SelectQuote's online platform to compare insurance quotes and initiate the purchasing process directly from the website. The platform allows users to explore their options, receive quotes, and connect with agents for further assistance, streamlining the purchase of insurance policies.
Does SelectQuote offer any life insurance products specifically?
Yes, SelectQuote offers a range of life insurance products, including term life insurance, whole life insurance, and universal life insurance. The company's agents help consumers understand the different types of life insurance and assist them in selecting the appropriate coverage based on their financial needs and long-term goals.
How does SelectQuote generate revenue?
SelectQuote generates revenue primarily through commissions earned on the insurance policies sold by its agents. When a consumer purchases an insurance policy through SelectQuote, the company receives a commission from the insurance provider, which significantly contributes to its overall revenue model.
How does SelectQuote handle claims?
While SelectQuote itself does not handle the claims process since it functions as an insurance broker, it guides consumers in contacting their respective insurance carriers to file claims. The SelectQuote team provides resources and assistance to ensure that clients understand the necessary steps for a successful claims experience.
How has SelectQuote performed financially?
SelectQuote has shown significant financial growth since its inception, driven by increased consumer demand for online insurance solutions. The company has reported substantial revenue growth over recent years, bolstered by its strategic investments in technology and marketing efforts that enhance brand visibility.
Is SelectQuote publicly traded?
Yes, SelectQuote, Inc. is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol SLQT. The company went public in 2020, allowing investors to participate in its growth potential as it continues to expand its services and market share in the insurance industry.
What awards or recognitions has SelectQuote received?
SelectQuote has received numerous recognitions for its innovative approach and growth within the insurance industry. The company has been featured in various business publications and lists, acknowledging its successful integration of technology into insurance sales and its commitment to customer service.
What differentiates SelectQuote from other insurance agencies?
SelectQuote distinguishes itself from traditional insurance agencies through its tech-driven approach to the insurance shopping process. By integrating advanced algorithms and data analytics, it provides a personalized experience while offering consumers multiple carrier options, making it easier to find competitive quotes and complete purchase processes online.
What does SelectQuote, Inc. do?
SelectQuote, Inc. is a technology-enabled insurance agency that specializes in helping consumers shop for life, auto, home, and health insurance. The company utilizes both advanced technology and personalized service to match consumers with insurance products from multiple carriers, enabling them to find the best coverage options and prices tailored to their individual needs.
What is SelectQuote's approach to customer service?
SelectQuote emphasizes a customer-centric approach to service, offering life insurance advisors who assist clients in navigating the complex landscape of insurance. This personalized support helps ensure that consumers make informed decisions suited to their unique circumstances and preferences.
What is SelectQuote's customer review rating?
SelectQuote has generally received positive reviews from its customers, with many praising its ease of use, competitive pricing, and helpful customer service representatives. Customer rating platforms often cite high levels of satisfaction regarding the overall experience when using SelectQuote for insurance shopping.
What is SelectQuote's mission statement?
SelectQuote's mission is to simplify the insurance shopping process for consumers by leveraging technology, personalized service, and extensive product offerings. The company aims to empower individuals with the knowledge and tools needed to make informed decisions about their insurance needs and to secure peace of mind through appropriate coverage.
What is SelectQuote's target market?
SelectQuote primarily targets individuals and families seeking affordable and comprehensive insurance solutions. Its services cater to a diverse demographic, including first-time insurance buyers, young families, and older adults looking to reassess their coverage, thereby addressing a wide array of consumer needs.
What kind of companies does SelectQuote partner with?
SelectQuote partners with numerous well-established insurance carriers across the life, auto, home, and health insurance sectors. These partnerships enable SelectQuote to provide a broad range of coverage options and competitive rates, empowering consumers to make informed choices from a diverse selection of insurance products.
What kind of technology does SelectQuote use?
SelectQuote utilizes a proprietary technology platform that incorporates data analytics and algorithms to facilitate efficient insurance comparisons. This technology aids in delivering rapid quotes and tailored recommendations, making the insurance purchasing process simpler and faster for consumers.
What types of insurance does SelectQuote offer?
SelectQuote offers a wide array of insurance products including life insurance, auto insurance, home insurance, and health insurance. By partnering with various insurance carriers, the company provides consumers with the ability to compare quotes and find the right policies that fit their needs and budget.
When was SelectQuote, Inc. founded?
SelectQuote, Inc. was founded in 1985. Originally established to provide consumers with a simplified approach to insurance shopping, the company has evolved over the years, leveraging technology to streamline the process and improve consumer access to a variety of insurance options.
Where is SelectQuote, Inc. headquartered?
SelectQuote, Inc. is headquartered in Kansas City, Missouri. This location serves as the central hub for its operations, where it employs a skilled workforce dedicated to providing consumers with reliable insurance solutions and customer service.
Who are SelectQuote's competitors?
SelectQuote faces competition from a variety of companies in the insurance brokerage and comparison space. Key competitors include other online insurance marketplaces, traditional insurance agencies, and tech-driven companies that also aim to simplify the insurance purchasing process, such as Policygenius and EverQuote.
What is the current price of SelectQuote, Inc. Common Stock?
The current price of SelectQuote, Inc. Common Stock is 3.220
When was SelectQuote, Inc. Common Stock last traded?
The last trade of SelectQuote, Inc. Common Stock was at 7:00 pm EDT on April 3rd, 2025
What is the market capitalization of SelectQuote, Inc. Common Stock?
The market capitalization of SelectQuote, Inc. Common Stock is 526.12M
How many shares of SelectQuote, Inc. Common Stock are outstanding?
SelectQuote, Inc. Common Stock has 163.39M shares outstanding.