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Why Shares of SelectQuote Are Falling Today

·2 min read
Why Shares of SelectQuote Are Falling Today
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Shares of the insurance platform SelectQuote (NYSE: SLQT) traded nearly 20% lower as of 11 a.m. today after the company reported earnings results for its most recent quarter. The company, which provides a platform that assists consumers in purchasing senior health, life, auto, and home insurance policies from a curated panel of insurance carriers, reported net income of nearly $36.5 million on total revenues of nearly $267 million for the three months ended March 31. Net income is up nearly 54% from the three months ended March 31, 2020, while total revenues are up roughly 80% year over year.