Page 1

SelectQuote , Inc. Reports First Quarter of Fiscal Year 2022 Results First Quarter of Fiscal Year 2022 - Consolidated Earnings Highlights Revenue of $ 159.9 million , Up 29 % Year - Over - Year Net Loss of $ 45.4 million Adjusted EBITDA * of $ ( 44.0 ) million First Quarter of Fiscal Year 2022 - Segment Highlights Senior ● Life Revenue of $ 106.3 million , Up 45 % Year - Over - Year Adjusted EBITDA * of $ ( 33.0 ) million Approved Medicare Advantage policies grew 98 % Year - Over - Year Revenue of $ 49.8 million , Up 16 % Year - Over - Year Final expense premiums grew 72 % Year - Over - Year Auto & Home Revenue of $ 7.5 million , Down 22 % Year - Over - Year Total Auto & Home premiums declined 22 % Year - Over - Year OVERLAND PARK , Kan . , November 4 , 2021 -- ( BUSINESS WIRE ) -- SelectQuote , Inc. ( NYSE : SLQT ) reported consolidated revenue for the first quarter of fiscal year 2022 of $ 159.9 million , which was a 29 % increase over consolidated revenue for the first quarter of fiscal year 2021 of $ 124.2 million . Consolidated net loss for the first quarter of fiscal year 2022 was $ 45.4 million , which represents a decrease in consolidated net income of $ 46.2 million over consolidated net income for the first quarter of fiscal year 2021 of $ 0.8 million . Finally , consolidated Adjusted EBITDA * for the first quarter of fiscal year 2022 was $ ( 44.0 ) million , compared to consolidated Adjusted EBITDA * for the first quarter of fiscal year 2021 of $ 12.1 million . Chief Executive Officer Tim Danker commented , " SelectQuote began 2022 with strong results that were ahead of internal expectations , and our full year guidance remains unchanged . We are particularly pleased with the early progress of our Population Health business . That progress validates our belief in the significant value creation potential , not only for our patients and carriers , but also for our shareholders . SelectRx continues to excel , with daily enrollments now over 7 times higher than the rate of enrollment at the time of our acquisition . In sum , SelectQuote is very well positioned for another year of strong revenue and EBITDA growth . " Chief Financial Officer Raffaele Sadun added , " Subsequent to the quarter , we took advantage of favorable market conditions to secure an additional $ 200 million of capital through a delayed draw term debt facility . This capital gives us plenty of runway for the next several years based on the guidance we gave last quarter on cash flow progression . " * See reconciliation from non - GAAP measure , Adjusted EBITDA , to net income ( loss ) on page 11 .