Trupanion published its 2024 annual shareholder letter, detailing company updates and achievements in pet medical insurance.
Quiver AI Summary
Trupanion, Inc., a leading provider of medical insurance for pets, has released its 2024 annual shareholder letter from CEO Margi Tooth, now available on its Investor Relations website. The company, which has over 1 million enrolled pets, has been providing pet owners in the U.S., Canada, parts of Europe, and Australia with peace of mind for over 20 years. Trupanion is known for its commitment to high-value pet medical insurance, offering unlimited lifetime payouts and a unique technology that allows for immediate payment to veterinarians at checkout. Founded in 2000 and headquartered in Seattle, Trupanion operates through its wholly-owned insurance entities and partnerships in various regions. Further details can be found at their website.
Potential Positives
- Trupanion is recognized as a leader in medical insurance for pets, suggesting strong brand credibility and market presence.
- The company has over 1,000,000 pets currently enrolled, indicating a solid customer base and potential for growth.
- Trupanion offers unique technology that allows direct payments to veterinarians at the time of checkout, positioning it as an innovative player in the pet insurance industry.
- The commitment to unlimited payouts for the life of pets enhances customer trust and loyalty, which is crucial for long-term business sustainability.
Potential Negatives
- None
FAQ
What is Trupanion's main service?
Trupanion provides medical insurance for cats and dogs across several countries, offering pet owners financial peace of mind.
When was Trupanion founded?
Trupanion was founded in 2000 and is headquartered in Seattle, WA.
How many pets are enrolled with Trupanion?
Currently, Trupanion has over 1,000,000 pets enrolled in its insurance plans.
What is unique about Trupanion's payment process?
Trupanion has patented technology that allows direct, instant payment to veterinarians at checkout.
Where can I find Trupanion's annual shareholder letter?
The annual shareholder letter from CEO Margi Tooth is available on Trupanion’s Investor Relations website.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TRUP Insider Trading Activity
$TRUP insiders have traded $TRUP stock on the open market 17 times in the past 6 months. Of those trades, 0 have been purchases and 17 have been sales.
Here’s a breakdown of recent trading of $TRUP stock by insiders over the last 6 months:
- FAWWAD QURESHI (Chief Financial Officer) has made 0 purchases and 4 sales selling 14,278 shares for an estimated $685,353.
- EMILY DREYER (SVP, Channel Growth) has made 0 purchases and 4 sales selling 18,025 shares for an estimated $673,723.
- STEVE WEINRAUCH (EVP, North Am & Vet Strategy) sold 11,916 shares for an estimated $631,548
- MARGARET TOOTH (CEO) has made 0 purchases and 4 sales selling 15,294 shares for an estimated $614,088.
- BRENNA MCGIBNEY (Chief Administration Officer) sold 5,000 shares for an estimated $164,926
- TRAVIS WORRA (General Manager) sold 2,000 shares for an estimated $105,448
- MURRAY B LOW sold 2,000 shares for an estimated $105,346
- JOHN R GALLAGHER (Chief Operating Officer) sold 3,100 shares for an estimated $102,279
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$TRUP Hedge Fund Activity
We have seen 121 institutional investors add shares of $TRUP stock to their portfolio, and 102 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FLOSSBACH VON STORCH SE removed 2,357,493 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $113,631,162
- WELLINGTON MANAGEMENT GROUP LLP removed 1,193,440 shares (-35.2%) from their portfolio in Q4 2024, for an estimated $57,523,808
- BALYASNY ASSET MANAGEMENT L.P. added 661,559 shares (+368.2%) to their portfolio in Q4 2024, for an estimated $31,887,143
- FMR LLC added 263,241 shares (+22.5%) to their portfolio in Q4 2024, for an estimated $12,688,216
- BNP PARIBAS FINANCIAL MARKETS added 212,545 shares (+170.7%) to their portfolio in Q4 2024, for an estimated $10,244,669
- GOLDMAN SACHS GROUP INC added 177,367 shares (+103.3%) to their portfolio in Q4 2024, for an estimated $8,549,089
- BANK OF AMERICA CORP /DE/ removed 165,910 shares (-15.8%) from their portfolio in Q4 2024, for an estimated $7,996,862
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SEATTLE, April 30, 2025 (GLOBE NEWSWIRE) -- Trupanion, Inc. (Nasdaq: TRUP), a leader in medical insurance for cats and dogs, has published its 2024 annual shareholder letter from CEO and President, Margi Tooth. The letter is now available on the Company’s Investor Relations website here .
About Trupanion:
Trupanion is a leader in medical insurance for cats and dogs throughout the United States, Canada, certain countries in Continental Europe, and Australia with over 1,000,000 pets currently enrolled. For over two decades, Trupanion has given pet owners peace of mind so they can focus on their pet's recovery, not financial stress. Trupanion is committed to providing pet parents with the highest value in pet medical insurance with unlimited payouts for the life of their pets. With its patented process, Trupanion is the only North American provider with the technology to pay veterinarians directly in seconds at the time of checkout. Trupanion is listed on NASDAQ under the symbol "TRUP". The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion policies are issued, in the United States, by its wholly-owned insurance entity American Pet Insurance Company and, in Canada, by Accelerant Insurance Company of Canada. Trupanion Australia is a partnership between Trupanion and Hollard Insurance Company. Policies are sold and administered in Canada by Canada Pet Health Insurance Services, Inc. dba Trupanion 309-1277 Lynn Valley Road, North Vancouver, BC V7J 0A2 and in the United States by Trupanion Managers USA, Inc. (CA license No. 0G22803, NPN 9588590). Canada Pet Health Insurance Services, Inc. is a registered damage insurance agency and claims adjuster in Quebec #603927. Trupanion Australia is a partnership between Trupanion and Hollard Insurance Company. For more information, please visit trupanion.com.
Contact:
Laura Bainbridge, Senior Vice President, Corporate Communications
Gil Melchior, Director, Investor Relations
[email protected]
