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Stock impact report

Why Trupanion's Pet Insurance Business Is Booming [The Motley Fool]

Trupanion, Inc. (TRUP) 
Last trupanion, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.trupanion.com
Company Research Source: The Motley Fool
The number of pets in the U.S. has grown at a healthy rate as more families have become inclined to bring cats, dogs, and other animals into their lives. Unfortunately,the cost of taking care of those pets has also risenTrupanion(NASDAQ:TRUPTrupanion has seen its business boom in 00, reporting strong top-line and bottom-line growth. Why has the company seen such strong demand for its products? The COVID-9 pandemic has led to record pet adoptions as people have had more time to take care of a new animal as they work and relax from home.Image Source: Getty Images.Record second-quarter earningsTrupanion's business saw record-breaking service across the board, from the speed at which inquiries were answered to how quickly the company was able to process veterinary invoices. And the company's refer-a-friend and add-a-pet channels increased the number of monthly subscriptions for its insurance plans. MetricsQ 00Q 09YOY ChangeRevenue$7.9 million$9. million8%Gross profit$9.9 million$.7 millio Show less Read more
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