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SelectQuote has achieved its second straight quarter of >90% y/y growth in its first fiscal quarter of FY21.
The company is capitalizing on the shift to buying insurance policies online, versus with traditional agents.
It is dominant in insurance for seniors, particularly for Medicare Advantage plans. Other offerings in life and home insurance are also growing quickly.
SelectQuote is also scaling profitably, and the stock trades at an attractive ~15x forward adjusted EBITDA.