SelectQuote launches SelectQuote Local

Insurance broker SelectQuote Insurance Services announced the launch of SelectQuote Local, a franchise model intended to extend the company’s distribution platform and healthcare services capabilities into local markets through owner-operated franchises.

The company says that operators can “start selling immediately” with built-in daily leads, and then scale with optional paid leads while they build local demand. Available products include term life insurance, final expense, Medicare Advantage and Medicare Supplement.

SelectQuote debuted at $20 per share in its May 2020 IPO, yet today its stock is trading for less than a dollar. In its fiscal second quarter of 2026, SelectQuote reported revenue of $537 million and net income of $69 million, however, it slashed its full-year 2026 adjusted EBITDA guidance following marketing cuts made by one of its carrier partners.