PetSmart and Healthy Paws Announce Discount on Pet Insurance for Treats Rewards® Members

Rhea-AI Summary

PetSmart and Healthy Paws (CB) expanded their partnership on March 2, 2026, offering a 10% discount on new Healthy Paws pet insurance policies for Treats Rewards® members in most U.S. states.

Members must enroll via PetSmart's dedicated referral link to qualify; Healthy Paws plans include mobile claims, 24/7 virtual vet support, comprehensive accident and illness coverage, and no payout limits.

Key Figures

Discount for members: 10% discount Virtual vet support: 24/7 access

2 metrics

Discount for members 10% discount New Healthy Paws pet insurance policies for Treats Rewards members

Virtual vet support 24/7 access Airvet virtual veterinary support included in Healthy Paws plans

Market Reality Check

Price: $340.86 Vol: Volume 1,998,371 vs 20-da...

normal vol

$340.86 Last Close

Volume Volume 1,998,371 vs 20-day avg 1,866,366 (relative volume 1.07), indicating slightly elevated trading interest pre-announcement. normal

Technical Shares at $340.86, trading above 200-day MA of $291.12, within -0.53% of 52-week high $342.69 and 29.06% above 52-week low $264.10.

Peers on Argus

CB gained 0.87% with most key peers also positive (PGR +1.08%, ALL +1.73%, TRV +...

CB gained 0.87% with most key peers also positive (PGR +1.08%, ALL +1.73%, TRV +0.67%, MKL +0.25%) while HIG slipped -0.57%. Scanner data shows no coordinated sector momentum, suggesting the move was more stock-specific than part of a broad insurance rotation.

Historical Context

5 past events · Latest: Feb 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 26	Dividend increase	Positive	+1.0%	Board proposed higher annual dividend and declared quarterly payout.
Feb 24	Leadership change	Positive	+1.0%	Named new ESIS division president to oversee operations and growth.
Feb 19	Executive appointment	Neutral	-0.0%	Appointed new global chief actuary, succeeding a long-tenured predecessor.
Feb 03	Earnings results	Positive	+5.1%	Reported record quarterly and full-year income with strong premium growth.
Jan 16	Ratings affirmation	Positive	+0.1%	AM Best affirmed key ratings with stable outlook citing strong balance sheet.

Pattern Detected

Recent news, including strong earnings, dividend growth, and rating affirmations, has generally seen CB trade higher, indicating a pattern of positive alignment between fundamentals-related announcements and share price reaction.

Recent Company History

Over the last few months, Chubb has highlighted consistent fundamental strength. Earnings on Feb 3 showed record Q4 net income of $3.21 billion and full-year net income of $10.31 billion, with P&C combined ratios at record lows. On Feb 26, the board proposed an annual dividend of $4.08 per share and declared a quarterly dividend of $0.97. Credit ratings were affirmed on Jan 16 with an A++ FSR and aa+ ICRs. Against this backdrop, today’s PetSmart/Healthy Paws partnership fits into a theme of expanding distribution and product reach rather than changing the core financial profile.

Market Pulse Summary

This announcement highlighted an expanded distribution partnership, offering a 10% discount on Healt...

Analysis

This announcement highlighted an expanded distribution partnership, offering a 10% discount on Healthy Paws pet insurance for PetSmart Treats Rewards members. It fits into Chubb’s broader pattern of leveraging partnerships and product breadth alongside strong fundamentals, such as record earnings and consistent dividend growth. Investors may watch how this collaboration supports policy growth and customer engagement over time, especially given Chubb’s existing scale and diversified lines across property, casualty, and life insurance.

Key Terms

omni-channel

1 terms

omni-channel technical

"PetSmart, the leading omni-channel pet retailer in North America"

Omni-channel is a business approach that connects all ways a customer can interact or buy—such as websites, mobile apps, physical stores, social media and call centers—so the experience feels seamless no matter which path they choose. For investors, omni-channel matters because it can increase sales, customer loyalty and operational efficiency by making it easier to buy and by collecting better data on behavior; think of it as a coordinated orchestra where every instrument helps sell more smoothly and predictably.

AI-generated analysis. Not financial advice.

New 10% discount aims to make pet insurance more accessible for pet parents

PHOENIX, March 2, 2026 /PRNewswire/ -- PetSmart, the leading omni-channel pet retailer in North America, and Healthy Paws, a Chubb company (NYSE: CB) and a leading provider of accident and illness pet insurance coverage for dogs and cats, are enhancing their partnership by introducing a 10% discount on new pet insurance policies for Treats Rewards® members in most U.S. states.

This collaboration allows PetSmart customers to explore top-rated pet insurance products backed by industry-leading coverage and service as part of their shopping experience. Treats Rewards® members in most U.S. states can save 10% on eligible Healthy Paws pet insurance policies when enrolling through PetSmart's dedicated referral link. All sign-ups must be completed through this direct link to qualify.

Healthy Paws plan features include:

• Mobile claims with rapid reimbursement for covered expenses
• Airvet's 24/7 virtual veterinary support for care questions anytime
• Comprehensive coverage for new accidents, illnesses, cancer, emergency care and genetic conditions with no payout limits
• Empathetic customer-first service

"We're pleased to deepen our relationship with PetSmart by offering even more value to pet parents," said Alex Faynberg, executive vice president and head of Healthy Paws. "Together, we're helping animal lovers protect their pets' health and well-being with coverage they can trust."

Rob Pace, senior vice president of services and president of veterinary health services at PetSmart, added, "As pet parents consider ways to plan for unexpected accidents and illnesses, affordability can play an important role. We're pleased to work with Healthy Paws to introduce a 10% discount that provides added value for pet parents who choose to enroll in coverage. This offering builds on our shared commitment to supporting pets and the families who care for them."

To enroll in Healthy Paws' pet insurance plan with the Treats Rewards® member discount visit:  https://www.healthypawspetinsurance.com/?affid=PETSMART.

About the Discount
The 10% premium discount applies to new Healthy Paws pet insurance policies enrolled through PetSmart's referral link by Treats Rewards® members. The 10% discount is available in the United States only and is not available in California, Colorado, Florida, Minnesota, New York, Tennessee, and Washington. Eligibility and availability vary by state and are subject to regulatory approval and policy terms. Additional state-specific restrictions may apply.

About PetSmart
PetSmart is the leading omni-channel pet retailer in North America with a mission to help everyone experience more joy with pets. The company offers a compelling assortment of pet care essentials, exclusive brands and must-have items for each season, along with expert pet services. With nearly 1,700 stores across the U.S., Canada and Puerto Rico – plus a seamless shopping experience at PetSmart.com and through the PetSmart app – PetSmart's convenient shopping options are complete with autoship, same-day delivery and in-store pickup. Expert services include a professional grooming salon in every store, veterinary care in more than 700 locations, pet training, and Doggie Day Camp and PetsHotel overnight boarding in many locations. The PetSmart Treats Rewards loyalty program provides value to pet parents through personalized offers and points on every purchase that can be used for future savings.

PetSmart and PetSmart Charities have a long-standing commitment to supporting pets and people in the communities they serve, and PetSmart Charities is the largest funder of animal welfare in North America. Together, they are proud to have helped more than 11 million pets find loving homes through in-store pet adoption programs. For more information, visit PetSmart.com.

About Healthy Paws
Healthy Paws, a Chubb company, is a leading provider of pet health insurance in the United States, dedicated to helping pet parents give their pets the best medical care possible. Founded in 2009, Healthy Paws offers a simple, transparent plan that covers new accidents, illnesses, cancer, emergency care, genetic conditions, and more. With an easy-to-use mobile app, fast claims processing, and a customer-first approach, Healthy Paws delivers a seamless and compassionate experience. As part of Chubb, the world's largest publicly traded property and casualty insurer, Healthy Paws is backed by exceptional financial strength and industry expertise. Healthy Paws pet insurance products are offered through Chubb Insurance Solutions Agency Inc. (CISA) (California license no. 0D12120). Learn more at www.healthypawspetinsurance.com.

About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/petsmart-and-healthy-paws-announce-discount-on-pet-insurance-for-treats-rewards-members-302700083.html

SOURCE PetSmart

FAQ

What is the 10% Healthy Paws discount for Treats Rewards members announced March 2, 2026 (CB)?

The discount gives Treats Rewards members 10% off new Healthy Paws policies when enrolling through PetSmart's referral link. According to the company, enrollment must use the dedicated link and applies in most U.S. states to qualify.

How do Treats Rewards members enroll in Healthy Paws pet insurance through PetSmart (CB)?

Members enroll by using PetSmart's dedicated Healthy Paws referral link and completing sign-up through that URL. According to the company, only sign-ups completed via this direct link qualify for the 10% Treats Rewards discount.

What coverage features does Healthy Paws offer with the Treats Rewards discount (CB)?

Healthy Paws plans include mobile claims, rapid reimbursement, Airvet 24/7 virtual veterinary support, and comprehensive accident and illness coverage with no payout limits. According to the company, these features apply to eligible policies enrolled through the referral link.

Which states are eligible for the 10% Healthy Paws discount via PetSmart (CB)?

The discount applies in most U.S. states, though availability may vary by state and policy. According to the company, Treats Rewards members should use the dedicated referral link to confirm eligibility and complete enrollment.

Does the 10% discount on Healthy Paws insurance through PetSmart affect existing policies for Treats Rewards members (CB)?

The 10% discount applies to new Healthy Paws policies enrolled via the PetSmart referral link, not to existing policies. According to the company, only new sign-ups completed through the direct link qualify for the discount.