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Trupanion TRUP Subscription business — Current Year Claims and Claims Adjustment Expense

Other segment segments

Other Segments
$86.28M+2.9%

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FNFTitle — Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims
$62M+14.8%

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:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense.

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 subscription business — current year claims and claims adjustment expense?
Trupanion (TRUP) reported subscription business — current year claims and claims adjustment expense of $188.27M in Q1 2026.
How has Trupanion's subscription business — current year claims and claims adjustment expense changed year-over-year?
Trupanion's subscription business — current year claims and claims adjustment expense increased by 13.1% year-over-year, from $166.45M to $188.27M.
What is the long-term trend for Trupanion's subscription business — current year claims and claims adjustment expense?
Over 4 years (2021 to 2025), Trupanion's subscription business — current year claims and claims adjustment expense has grown at a 18.1% compound annual growth rate (CAGR), from $357.86M to $696.9M.
What does subscription business — current year claims and claims adjustment expense mean?
Reflects the total costs incurred during the current reporting period related to insurance claims and the associated expenses for processing those claims. This figure provides insight into the immediate underwriting performance and the direct cost of providing insurance coverage. Monitoring this helps investors evaluate the impact of current claim frequency and severity on operational profitability.