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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 pet medical insurance, will announce its Q1 2021 financial results on April 29, 2021, after the market closes. The company will host a conference call at 1:30 p.m. PT / 4:30 p.m. ET for this announcement. Investors can access a live webcast through Trupanion's Investor Relations site, with an archived version available for three months. Founded in 2000 and headquartered in Seattle, Trupanion offers unlimited payout insurance policies for pets, providing owners peace of mind during medical emergencies.
Trupanion (NASDAQ: TRUP) will participate in the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021. CEO Darryl Rawlings will present virtually at 3:50 PM ET and engage in investor meetings throughout the day. The presentation will be accessible via Trupanion's Investor Relations website. Established in 2000 and headquartered in Seattle, Trupanion specializes in medical insurance for pets in the U.S. and Canada, offering unlimited payouts for pet medical expenses.
Trupanion will host a free webinar, 'Jedi mind tricks for new pet parents: Training for success,' on February 18 at 4:00 p.m. PST. The event features experts including Dr. Steve Weinrauch, Victoria Stilwell, and Dr. Carrie Jurney. Attendees can learn how to choose the right dog, train them, and keep them healthy and happy. The webinar aims to support new pet owners during the pandemic, offering valuable insights into dog ownership and training. Participants can join the live session on Facebook.
Trupanion reported its financial results for Q4 and the full year 2020, highlighting a total revenue of $502.0 million, a 31% increase from 2019. The company enrolled 862,928 pets, a 33% growth year-over-year. Subscription revenue reached $387.7 million, up 21%, with 577,957 pets enrolled in subscription plans. Despite a net loss of $(5.8) million for the year, adjusted EBITDA improved to $11.5 million. In Q4 alone, revenue was $142.7 million, a 35% increase, but net loss deepened to $(3.5) million.
Trupanion, Inc. (Nasdaq: TRUP) announced it will report its 2020 fourth quarter and full year financial results on February 10, 2021, after market close. The event will include a conference call starting shortly after 1:30 p.m. PT / 4:30 p.m. ET. A live webcast will be available on Trupanion's Investor Relations website and will be archived for three months. Trupanion provides medical insurance for pets, aiming to support pet owners during challenging times with unlimited payouts for their pets' lives.
Trupanion (NASDAQ: TRUP) will participate in the 23rd Annual Needham Virtual Growth Conference on January 13, 2021. CEO Darryl Rawlings is scheduled to present at 10:00 am ET and will hold virtual meetings with investors during the event. The presentation will be accessible via Trupanion's Investor Relations website. Established in 2000, Trupanion is a leading provider of medical insurance for pets in the U.S. and Canada, offering unlimited payouts for pet medical needs, ensuring their owners can focus on recovery without financial concerns.
Trupanion (Nasdaq: TRUP) will participate in the 2020 RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference on November 17, 2020. Founder and CEO Darryl Rawlings is set to present at 4:00 pm ET and hold virtual meetings with investors. The presentation will be available via live webcast on Trupanion's Investor Relations website. Founded in 2000, Trupanion specializes in medical insurance for pets, offering unlimited payouts for pet medical expenses.
Trupanion, a leader in pet medical insurance, reported strong Q3 2020 results with total revenue of $130.1 million, marking a 31% increase year-over-year. The company enrolled 804,251 pets, a 31% growth from Q3 2019, with subscription revenue reaching $99.4 million (up 20%). Despite these gains, Trupanion reported a net loss of $2.6 million, compared to a profit of $0.8 million in the prior year. Adjusted EBITDA decreased to $1.8 million from $3.9 million in Q3 2019, yet operating cash flow improved to $9.8 million.
Trupanion, Inc. (NASDAQ: TRUP) announced it will release its 2020 third quarter financial results after market close on October 29, 2020. Following the report, the company will host a conference call at 1:30 p.m. PT / 4:30 p.m. ET. A live webcast will be available on Trupanion's Investor Relations site. Participants can also join the call via telephone. With nearly 530,000 pets enrolled, Trupanion aims to provide unlimited payouts for pet medical insurance, establishing itself as a leader in the market.
Trupanion, a top provider of medical insurance for pets, will host a free webinar on October 8, 2020, featuring experts like Victoria Stilwell and Dr. Steve Weinrauch. This event aims to guide potential pet owners on pet adoption and care.
With over 530,000 pets enrolled, Trupanion emphasizes the increasing trend of families adopting pets during these times. The webinar will cover topics such as preparation for adopting a new pet and tips for training and behavior, including a live Q&A session.
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