SelectQuote, Inc. Reports Unaudited Consolidated Impairment Charges for the Fourth Quarter Ended June 30, 2023
September 13, 2023 at 07:42 am EDT
Share
SelectQuote, Inc. reported unaudited consolidated impairment charges for the fourth quarter ended June 30, 2023. For the period, the company reported Impairment of long-lived assets of $17,332,000 compared to $3,147,000 a year ago.
SelectQuote Inc. is a technology-enabled, direct-to-consumer (DTC) distribution and engagement platform for insurance products and healthcare services. The Company operates through four business lines, which include SelectQuote Senior, which provides shopping platform for Medicare Advantage and Medicare Supplement insurance plans as well as prescription drug and dental, vision, and hearing plans, and critical illness products; SelectQuote Healthcare Services, which is comprised of the SelectRx Pharmacy, a specialized medication management pharmacy; SelectQuote Life segment that provides shopping platform for life insurance products such as term life, final expense, and other ancillary products like critical illness, accidental death, and juvenile insurance, and SelectQuote Auto & Home segment provides shopping platform for auto, home, and specialty insurance lines, as well as insurance products such as homeowners, auto, dwelling fire, and other ancillary insurance products.