Welcome to our dedicated page for Trupanion news (Ticker: TRUP), a resource for investors and traders seeking the latest updates and insights on Trupanion stock.
Trupanion, Inc. (NASDAQ: TRUP) is a leading provider of medical insurance for pets, offering comprehensive coverage for cats and dogs. Founded in 2000 and headquartered in Seattle, WA, Trupanion has grown significantly over the past two decades, enrolling over 1,000,000 pets across the United States, Canada, Europe, Puerto Rico, and Australia. The company stands out in the pet insurance industry for its superior coverage, exceptional customer service, and innovative technology.
Trupanion operates through two primary business segments. The subscription business segment generates revenue primarily from subscription fees for its direct-to-consumer products. The other business segment includes revenue from policies written on behalf of third parties and other product offerings that generally have a different margin profile.
Recently, Trupanion has made significant strides in expanding its market reach and enhancing its service offerings. The company has implemented a patented process that allows pet owners to pay veterinarians directly in seconds at the time of checkout, a unique feature that sets Trupanion apart from its competitors. Additionally, Trupanion announced a 29% rate increase approved by the California Department of Insurance, reflecting the rising costs of veterinary care and the company's commitment to pricing its services accurately.
In leadership news, Trupanion's board of directors has appointed Margi Tooth as the new CEO, effective August 1, 2024. Tooth, who has been with the company for over a decade, will continue to serve as President and join the Board of Directors. Under her leadership, Trupanion has achieved significant milestones, including surpassing $1 billion in revenue and paying nearly $3 billion in veterinary invoices.
Trupanion prides itself on quick claims resolution and providing the best medical insurance care available. The company is also focused on expanding its footprint throughout North America and is actively seeking ambitious, data-driven individuals with a passion for pets to join their team. Whether as a territory partner or a team member at their headquarters, Trupanion offers opportunities for growth and the chance to make a meaningful impact in a market with immense potential.
For investors, Trupanion's commitment to operational efficiency and strategic growth initiatives makes it a promising player in the pet insurance market. The company's financial performance has shown consistent growth, with a 22% year-over-year increase in subscription revenue in the first quarter of 2024 and a 55% increase in discretionary profit from its core subscription business.
Trupanion is listed on NASDAQ under the symbol 'TRUP' and continues to innovate and lead in the pet medical insurance space. For more information, visit trupanion.com.
Trupanion, a leader in medical insurance for pets, will release its financial results for Q2 2021 on August 5, 2021, after market close. A conference call will take place at 1:30 PM PT / 4:30 PM ET to discuss these results. Investors can access the call via phone or a live webcast on Trupanion's Investor Relations site, where an archived version of the call will be available for three months. Founded in 2000 and headquartered in Seattle, Trupanion aims to provide high-value pet medical insurance with unlimited payouts for pet owners.
Trupanion (NASDAQ: TRUP) announced its upcoming participation in the BofA Securities 2021 InsurTech Conference on June 30, 2021. Co-President Tricia Plouf will present virtually at 4:15 pm ET, and the presentation will be available via webcast on Trupanion’s Investor Relations website. Trupanion has over two decades of experience in providing medical insurance for pets in the U.S. and Canada, focusing on high-value coverage with unlimited payouts for pet owners.
Trupanion launched TruCuddle on Veterinary Appreciation Day (June 18) to support veterinary professionals. This initiative addresses burnout and emotional stress within the field, contributing to grants and educational programs. Trupanion will donate $250 to organizations like Not One More Vet and Multicultural Veterinary Medical Association for each download of its payment solution software. Additionally, Trupanion committed over $4.9 million in stock to the MightyVet initiative, promoting veterinary well-being. The campaign runs until October 23, 2021.
Trupanion has appointed Simon Wheeler as Executive Vice President of International Business, emphasizing its strategy for global expansion in the pet insurance market. With over 30 years of experience, Wheeler aims to double the company’s addressable market by 2035 and drive growth in key international markets, including Japan, the UK, Brazil, and Western Europe. Notably, Trupanion's recent alliance with Aflac presents significant opportunities for entering the Japanese market, where Aflac has a strong customer base.
Trupanion announced a significant donation to support the veterinary industry, committing to issue over 50,000 shares of stock worth over $4.7 million to MightyVet. This donation precedes Veterinary Appreciation Day on June 18, 2021, recognizing the dedication of veterinary professionals during challenging times like the pandemic. Trupanion emphasizes the importance of supporting these unsung heroes in providing care for pets.
Trupanion, a leader in pet medical insurance, will host its 2021 Annual Meeting of Stockholders on June 16, 2021, at its Seattle headquarters. The meeting, starting at 9 am PT, will be followed by an informational session featuring extensive Q&A regarding the company’s 60-month plan. Participation is available in-person or via an online webinar, requiring pre-registration. Stockholders are encouraged to vote in advance to ensure their shares are represented. Trupanion is dedicated to providing high-value insurance with unlimited payouts for pet medical needs.
Trupanion (Nasdaq: TRUP) has announced participation in two upcoming virtual investor conferences: the Stifel 2021 Virtual Jaws & Paws Conference on June 3, 2021, and the Evercore ISI Inaugural TMT Conference on June 8, 2021. Co-Presidents Tricia Plouf and Margi Tooth will present on June 3 at 12:30 p.m. ET, followed by CEO Darryl Rawlings on June 8 at 11:00 a.m. ET. Presentations will be available via webcast on Trupanion's Investor Relations website.
Trupanion, a leader in medical insurance for pets, will hold its Annual Meeting of Stockholders on June 16, 2021, at 9:00 am Pacific Time at its Seattle headquarters. Stockholders as of April 20, 2021, can vote during the meeting, with a preference for online, mail, or telephone voting. The event will feature a formal meeting followed by an extended informational session for shareholders to engage with management. Limited in-person attendance is available with required COVID-19 testing. A live webinar will also be offered for remote participation.
Trupanion, a leader in pet medical insurance, reported strong financial results for Q1 2021, with total revenue of $154.7 million, a 39% increase year-over-year. The company saw a growth in enrolled pets, reaching 943,854, up 37% from the previous year. Subscription revenue was $113.3 million, representing a 27% increase. However, Trupanion reported a net loss of $(12.4) million compared to a loss of $(1.1) million in Q1 2020. Adjusted EBITDA was $(1.1) million, down from $2.0 million a year prior.
Trupanion, a leader in pet insurance, published its 2020 annual shareholder letter on April 27, 2021. The letter from CEO Darryl Rawlings is accessible on their Investor Relations website. Trupanion has been providing medical insurance for cats and dogs for over two decades, focusing on delivering exceptional value with unlimited payouts for the lifetime of pets. The company is headquartered in Seattle, WA, and is traded on NASDAQ under the symbol TRUP. For further information, visit trupanion.com.
FAQ
What is the current stock price of Trupanion (TRUP)?
What is the market cap of Trupanion (TRUP)?
What is Trupanion, Inc.?
When was Trupanion founded?
Where is Trupanion available?
Who is the CEO of Trupanion?
What makes Trupanion unique?
How does Trupanion generate revenue?
What recent achievements has Trupanion made?
Is Trupanion publicly traded?
How does Trupanion support its employees?
What are Trupanion's core business segments?
