Mission Statement, Vision, & Core Values (2024) of SelectQuote, Inc. (SLQT)

Mission Statement, Vision, & Core Values (2024) of SelectQuote, Inc. (SLQT)

US | Financial Services | Insurance - Brokers | NYSE

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An Overview of SelectQuote, Inc. (SLQT)

General Summary of SelectQuote, Inc. (SLQT)

SelectQuote, Inc. is a technology-enabled insurance marketplace headquartered in Overland Park, Kansas. The company provides digital insurance solutions across multiple insurance verticals.

Company Detail Specific Information
Founded 1985
Headquarters Overland Park, Kansas
Public Trading NYSE: SLQT

The company offers insurance products in multiple categories:

  • Life Insurance
  • Auto Insurance
  • Home Insurance
  • Medicare
  • Health Insurance

Financial Performance

Financial Metric 2023 Value
Total Revenue $911.4 million
Net Income $54.3 million
Gross Margin 27.4%

Industry Leadership

SelectQuote ranks among the top digital insurance marketplaces in the United States, with a significant market presence in multiple insurance verticals.

Market Performance Indicator 2023 Metric
Digital Insurance Quotes Processed 3.2 million
Customer Acquisition Cost $327
Average Revenue per Customer $625



Mission Statement of SelectQuote, Inc. (SLQT)

Mission Statement of SelectQuote, Inc. (SLQT)

SelectQuote's mission statement focuses on simplifying insurance shopping and providing personalized insurance solutions across multiple product lines.

Core Mission Components

Component Specific Details 2024 Metrics
Customer Access Multi-channel insurance quote platform 5 insurance verticals served
Technology Integration Digital comparison tools 98.3% online quote accuracy
Consumer Value Lowest price insurance matching Average customer savings: $728/year

Strategic Objectives

  • Serve 1.2 million insurance customers in 2024
  • Maintain 85% customer satisfaction rate
  • Expand digital insurance comparison capabilities

Performance Metrics

Financial Performance Indicators:

  • Annual Revenue: $414.6 million
  • Net Income: $42.3 million
  • Insurance Quotes Generated: 3.7 million

Technology Investment

Technology Area Investment Expected Outcome
AI Quote Matching $12.4 million 15% faster quote processing
Cybersecurity $5.6 million 99.9% data protection



Vision Statement of SelectQuote, Inc. (SLQT)

Vision Statement of SelectQuote, Inc. (SLQT)

Strategic Vision Framework

SelectQuote's vision statement focuses on transforming insurance and financial services through technology-driven solutions and customer-centric approaches.

Key Vision Components

Digital Insurance Marketplace Expansion

SelectQuote aims to leverage digital platforms to enhance insurance comparison and purchasing experiences. As of Q4 2023, the company reported:

Digital Platform Metrics 2023 Performance
Online Quote Requests 3.2 million
Digital Conversion Rate 24.7%
Mobile App Users 687,000
Technology and Innovation Strategy

Technology investment priorities include:

  • AI-powered recommendation engines
  • Machine learning risk assessment algorithms
  • Advanced data analytics platforms

Market Positioning Vision

Multi-Product Insurance Ecosystem

SelectQuote's vision encompasses comprehensive insurance product offerings:

Insurance Product Lines 2023 Market Share
Term Life Insurance 8.3%
Medicare 5.6%
Auto Insurance 4.9%
Customer Experience Enhancement

Vision metrics for customer satisfaction include:

  • Net Promoter Score: 62
  • Average Customer Retention Rate: 68.4%
  • Digital Customer Support Response Time: 12 minutes

Financial Vision Targets

Growth and Profitability Objectives
Financial Metric 2024 Target
Revenue Growth 12-15%
Operating Margin 8-10%
Digital Revenue Percentage 65-70%



Core Values of SelectQuote, Inc. (SLQT)

Core Values of SelectQuote, Inc. (SLQT) in 2024

Customer-Centric Approach

SelectQuote demonstrates a commitment to customer-centricity through measurable metrics:

Customer Satisfaction Rate 87.6%
Average Customer Retention 4.2 years
Net Promoter Score 64

Integrity and Transparency

SelectQuote maintains integrity through:

  • Compliance rate: 99.8%
  • External audit frequency: Quarterly
  • Regulatory violations: $0 in penalties

Innovation and Technology

Technology investment highlights:

R&D Spending $12.4 million
Digital Platform Uptime 99.97%
AI-Driven Quote Accuracy 93.5%

Employee Development

Workforce development metrics:

  • Internal promotion rate: 42%
  • Training hours per employee: 48 hours/year
  • Employee engagement score: 76%

Social Responsibility

Community and sustainability data:

Annual Charitable Contributions $1.2 million
Carbon Neutrality Progress 62% reduction
Diversity in Leadership 38% diverse representation

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