Trupanion Inc

TRUP

Equity

ISIN US8982021060 / Valor 24738737

NASDAQ (2025-04-08)

USD 32.91-4.47%

Trupanion Inc
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About company

Trupanion Inc is a pet insurance company that was founded in 2000 by Darryl Rawlings, with the aim of providing affordable life-saving coverage for cats and dogs. The company quickly expanded its operations from Canada to the U.S in 2008, and has since grown to insure over 500,000 pets in North America. Trupanion works in partnership with veterinarians to offer a product tailored to the needs of pet owners, with over $1 billion in paid claims on behalf of its members as of 2020.

Summarized from source with an LLMView SourceSector: Healthcare

Revenue Growth

In the third quarter of 2024, Trupanion Inc. reported a total revenue of $327.5 million, marking a 15% increase compared to the same period in 2023. This growth was primarily driven by the company's subscription business, which saw a significant rise in revenue.

Subscription Business Performance

Trupanion's subscription business revenue reached $219.0 million in Q3 2024, representing a 20% increase from the third quarter of 2023. The number of subscription-enrolled pets also grew by 6%, totaling 1,032,042 as of September 30, 2024.

Net Income Improvement

For the third quarter of 2024, Trupanion Inc. achieved a net income of $1.4 million, or $0.03 per basic and diluted share. This is a notable improvement compared to a net loss of $(4.0) million, or $(0.10) per share, in the third quarter of the previous year.

Cash Flow and EBITDA

Trupanion reported an adjusted EBITDA of $14.5 million for Q3 2024, up from $6.1 million in the same quarter of 2023. The company's operating cash flow was $15.3 million, with a free cash flow of $13.4 million, both showing significant improvements from the previous year.

Financial Position

As of September 30, 2024, Trupanion Inc. held $293.1 million in cash and short-term investments. The company maintained a capital surplus of $274.6 million at its insurance subsidiaries, which was $139.9 million more than the estimated risk-based capital requirement.

Summarized from source with an LLMView Source

Key figures

27.1%1Y

-61.3%3Y

12.8%5Y

Performance

69.8%1Y

80.0%3Y

75.7%5Y

Volatility