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Trupanion TRUP Claims Expense

Claims Expense at other companies

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$0
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$16.23M-7.6%
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Segments

By segment

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Subscription business$191.41M+13.8%
Other Segments$90.02M+13.6%

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 trup:ClaimsExpense.

The official record: Trupanion’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trupanion's claims expense?
Trupanion (TRUP) reported claims expense of $281.44M in Q1 2026.
How has Trupanion's claims expense changed year-over-year?
Trupanion's claims expense increased by 13.7% year-over-year, from $247.45M to $281.44M.
What is the long-term trend for Trupanion's claims expense?
Over 4 years (2021 to 2025), Trupanion's claims expense has grown at a 20.6% compound annual growth rate (CAGR), from $486.06M to $1.03B.
What does claims expense mean?
This represents the total costs incurred by an insurance provider to settle claims filed by policyholders for covered services. It serves as a primary indicator of underwriting performance and the accuracy of actuarial pricing models relative to actual loss experience. Monitoring this metric helps investors assess the company's ability to manage medical loss ratios and maintain long-term profitability in its core insurance offerings.