Trupanion CEO Darryl Rawlings celebrates the company's initial public listing at The New York Stock Exchange on July 18, 2014 in New York City
Trupanion, Inc., is a direct-to-consumer monthly subscription service providing a medical insurance plan for cats and dogs throughout the United States, Canada and Puerto Rico. As of March 31, 2014, the Company’s enrolled pets consisted of approximately 85% dogs and 15% cats. The Company operates in two segments: subscription business and other business. The Company generates revenue in its subscription business segment primarily from subscription fees for its medical plan, which the Company markets to consumers. The Company generates revenue in its other business segment primarily from writing policies for an unaffiliated managing general agent that offers pet insurance and from writing policies under a federal government program. These policies provide different coverage and are subject to materially different terms and conditions than the Trupanion medical plan.
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