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Trupanion TRUP Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

Aflac logo
AflacAFL
$8.98B-1.2%
MetLife logo
MetLifeMET
$21.27B+5.5%
Lemonade logo
LemonadeLMND
$14.2M+24.6%
Universal Insurance Holdings logo
Universal Insurance HoldingsUVE
$126.16M+8.9%
SiriusPoint logo
SiriusPointSPNT
$403.4M+9.2%
The Travelers Companies logo
The Travelers CompaniesTRV
$3.59B+1.3%

Other financials

Income statement

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Revenue$384.0M+12.3%
Gross profit$61.5M+20.3%
Operating income$4.8M+424%
Net income$4.9M+429%
EPS (diluted)$0.11+467%

Balance sheet

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Cash & equivalents$182.9M-11.2%
Total debt$109.3M-15.2%
Total equity$394.8M+18.3%
Total assets$921.6M+10.1%

Cash flow

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Operating cash flow$14.6M-8.6%
CapEx$847.0K-56.1%
Free cash flow$13.7M-2.1%

Valuation

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Market cap$1.04B-56.4%
Enterprise value$968.57M-58.1%
P/E40.4×
P/S0.7×-1.1×

Profitability

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Gross margin16.3%+1.6pp
Operating margin1.4%+1.1pp
Net margin1.7%
FCF margin5.1%+1.0pp

Returns & leverage

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Return on equity7.1%
Debt / equity0.3×-0.1×
Current ratio1.7×0.0×

Where this comes from

Reported directly by Trupanion in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The official record: Trupanion’s 10-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trupanion's deferred policy acquisition costs?
Trupanion (TRUP) reported deferred policy acquisition costs of $8.5M in Q4 2025.
How has Trupanion's deferred policy acquisition costs changed year-over-year?
Trupanion's deferred policy acquisition costs increased by 13.3% year-over-year, from $7.5M to $8.5M.
What is the long-term trend for Trupanion's deferred policy acquisition costs?
Over 5 years (2020 to 2025), Trupanion's deferred policy acquisition costs has grown at a 24.0% compound annual growth rate (CAGR), from $2.9M to $8.5M.
What does deferred policy acquisition costs mean?
These are the incremental costs directly related to the successful acquisition of new insurance policies, such as commissions and underwriting expenses, which are capitalized and amortized over the life of the policy. This metric is essential for understanding the company's investment in customer growth and the timing of profitability recognition. Tracking this helps assess the efficiency of the company's customer acquisition strategy.