Professional
Added to YB: 2026-03-31
Pitch date: 2026-03-27
TRUP [neutral]
Trupanion, Inc.
+0.64%
current return
Author Info
No bio for this author
Company Info
Trupanion, Inc., together with its subsidiaries, provides medical insurance for cats and dogs on subscription basis in the United States, Canada, Continental Europe, and Australia.
Market Cap
$1.1B
Pitch Price
$25.63
Price Target
N/A
Dividend
N/A
EV/EBITDA
34.98
P/E
56.56
EV/Sales
0.76
Sector
Insurance
Category
turnaround
Saga Partners Portfolio Holding: Trupanion, Inc.
TRUP (holding update): Pet insurer w/ lifetime pricing vs annual reprice, direct-to-vet payment reduces friction. Slowed pet additions to 5% growth in 2025 to fix unit economics post-vet inflation spike. Adj op income +33% to $152M, Q4 sub segment margin record 16.5%. Now reinvesting in growth as LTV improves. US penetration 4% vs UK 25%. Market extrapolating slow growth; undervalues improved economics & long runway.
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