Trupanion Stock Price, News & Analysis

Trupanion (Nasdaq: TRUP) announced that CEO Darryl Rawlings will engage in a fireside chat at the Bank of America Financial Services Conference on February 16, 2023, at 11:20 am ET. This event will be hosted in New York, where Rawlings will also meet with investors throughout the day. The presentation will be available for live streaming on Trupanion’s Investor Relations website. With over 800,000 pets insured, Trupanion is a leading provider of pet medical insurance across several countries, including the U.S. and Canada, offering unlimited payouts for pets' medical needs.

Trupanion, the leader in pet medical insurance, announced it will release its financial results for Q4 and full year 2022 on February 15, 2023, after market close. A conference call will follow at 1:30 p.m. PT / 4:30 p.m. ET. This session will be available for live streaming on Trupanion's Investor Relations site, with an archived version accessible for three months. With over 800,000 pets enrolled and a unique direct payment technology, Trupanion offers unlimited lifetime payouts, ensuring pet owners can focus on recovery without financial worries.

Trupanion, a leader in pet medical insurance, has surpassed $2 billion in veterinary invoice payouts, reaching this milestone on December 28, 2022. The company has enabled over 800,000 insured pets to access care, resulting in 8.5 million veterinary visits. Since 2020, Trupanion has paid out an additional $1 billion, averaging $29 million monthly. Known for its direct payment system at checkout, the company emphasizes financial peace for pet parents. Highlights include a record single payout of $81,000 for aspiration pneumonia treatment. Trupanion aims to continue expanding services for pet owners while alleviating financial stress.

Trupanion announced leadership changes on January 10, 2023, as Darryl Rawlings takes on the role of Chair of the Board in addition to being CEO. This transition aligns with the company’s succession plan, with Rawlings aiming for a smooth CEO transition by 2025 and his potential continuation as Chair until 2035, subject to shareholder approval. The company also intends to propose the declassification of its Board, moving toward annual elections, which will be voted on at the 2023 Annual Shareholder Meeting in June.

Aflac and Trupanion have announced a joint venture to launch Aflac Pet Insurance in Japan, set to begin in the latter half of 2023, pending regulatory approvals. This collaboration aims to combine Aflac's brand and distribution expertise with Trupanion's pet insurance leadership, offering high-value medical insurance for pets. Aflac Japan's president emphasized the initiative's goal to enhance service offerings for pet owners, while Trupanion highlighted its commitment to aligning with the veterinary community in Japan's extensive hospital network.

Trupanion, Inc. (Nasdaq: TRUP), a leading provider of pet medical insurance, has signed a definitive agreement to acquire Royal Blue s.r.o., the parent company of PetExpert, a prominent insurance provider in the Czech Republic and Slovakia. This acquisition, marking Trupanion's second in Europe, aims to facilitate global expansion and enhance connections with veterinary communities. The transaction is expected to close in Q4 2022, with no significant financial impact anticipated for 2022. Trupanion aims to leverage PetExpert's platform, connecting over 1,300 veterinary hospitals, to drive growth in these underpenetrated markets.

Trupanion, Inc. (Nasdaq: TRUP) reported Q3 2022 financial results, achieving total revenue of $233.8 million, up 29% year-over-year. Total enrolled pets reached 1.44 million, marking a 30% increase. Subscription revenue was $152.4 million, rising 20%. However, the company faced a net loss of $(12.9) million, compared to $(6.8) million in Q3 2021. Adjusted EBITDA fell to $(0.9) million from $2.2 million year-over-year. Operating cash flow was $(2.3) million, down from $6.2 million in the prior year. The conference call for further details is set for today.

Trupanion, Inc. (NASDAQ: TRUP) will release its Q3 2022 financial results on November 3, 2022, after market close. A conference call will follow at 1:30 p.m. PT / 4:30 p.m. ET. Investors can join via a live webcast on Trupanion's Investor Relations site, which will also archive the call for three months. The company, a leader in pet medical insurance with over 740,000 pets enrolled, focuses on providing high-value insurance solutions and fast payment processes for veterinary services.

Smart Paws GmbH, a German pet insurance provider, has officially partnered with Trupanion, a leading international pet health insurance provider. This collaboration aims to enhance the pet insurance landscape by improving coverage confidence and making claims more efficient through direct payments to veterinarians. Both companies focus on the veterinarian-client-patient relationship, emphasizing the importance of reliable pet health insurance in the face of rising healthcare costs. Smart Paws will continue to manage member policies while integrating into Trupanion's global organization.