SelectQuote, Inc.

Based in the US, SelectQuote, Inc. operates as an insurance brokerage firm, specializing in providing a range of insurance products to individuals and families across the nation. SelectQuote, Inc. , founded in 1985, is headquartered in Overland Park, US.

The firm primarily acts as an insurance brokerage, facilitating the purchase of policies for clients. The company secured USD 350 mn in a PIPE deal in February 2025 with investors including Bain Capital, Morgan Stanley Investment Management, and Newlight Partners, bringing their total raised amount to USD 350 mn. Tim Danker serves as the CEO, driving the company's strategic direction and offerings. SelectQuote primarily offers various insurance products, including life insurance, auto insurance, home insurance, and Medicare plans.

Their life insurance solutions, particularly term life insurance, are designed to provide financial protection and peace of mind to families, allowing individuals to secure coverage starting at under USD 1 a day. The company employs a streamlined application process that does not require a medical exam, facilitating access to insurance for clients aged 60 and younger who are in generally good health. SelectQuote's customer base consists of individuals and families seeking affordable insurance options across the United States, as they effectively serve markets such as urban and suburban areas nationwide. Their services emphasize convenience and personalization, with licensed insurance agents available to provide tailored advice and support, ultimately aiming to protect families' financial futures in a straightforward manner.

SelectQuote generates revenue primarily through commissions received from the sale of insurance policies facilitated by their licensed agents. The company's transaction structure operates on a direct-to-consumer model, where clients engage with agents to obtain personalized insurance quotes. In the most recent year, 2025, SelectQuote reported a revenue of USD 1,526,594,000 and an EBITDA of USD 94,206,000. The pricing for life insurance policies can vary significantly based on the coverage amount and the individual's health profile, with examples such as USD 500,000 coverage for as low as USD 15 per month.

This commission-based revenue model is common in the insurance brokerage industry, allowing SelectQuote to align its interests with those of its clients by focusing on securing the best possible rates tailored to individual circumstances. In February 2025, Bain Capital, Morgan Stanley, and Newlight Partners agreed to invest USD 350 mn in cash, as part of a PIPE deal. The investment will help SelectQuote, Inc. to accelerate further its strategic solutions and insurance capabilities to wider healthcare sectors.

The company is focused on launching new insurance products and expanding its services into additional markets, specifically targeting regions that are currently underserved, to enhance their market reach by the end of 2025.