Trupanion Continues Fast Growth

Trupanion posted revenue of $33.3 million in the first quarter of 2015. This was an increase of 30% from a year ago. The number of enrolled pets increased to 246,100, a 27% increase from last year.

This puts Trupanion at about half the size of VPI.

Other details from yesterday’s earnings call:

• Cost to acquire a new customer is $134, while lifetime value of a customer is $567
• 22% of their business is in Canada
• 25% of claims are paid through Trupanion Express (a direct payment system between the company and the vet’s office)