Trupanion Files 2023 10-K, Details Financials & Operations
Ticker: TRUP · Form: 10-K · Filed: 2024-02-27T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, pet-insurance, financial-filing
TL;DR
**Trupanion's 2023 10-K is out, giving a full look at their pet insurance business and financials through year-end!**
AI Summary
TRUPANION, INC. (CIK: 0001371285) filed its 10-K report on February 27, 2024, covering the fiscal year ended December 31, 2023. The filing mentions a financial value of 41,814,768 and highlights categories such as Claims Expense and Other Cost of Sales for the periods ending December 31, 2023, 2022, and 2021. The company operates in the Hospital & Medical Service Plans sector and has previously been known as TRUPANION INC. and VETINSURANCE INTERNATIONAL INC.
Why It Matters
This 10-K provides a comprehensive overview of Trupanion's financial performance and operational status for the past fiscal year, offering transparency to investors and stakeholders regarding its pet insurance business.
Risk Assessment
Risk Level: medium — As an annual report, a 10-K typically contains detailed financial and operational information, including potential risks, which can influence investor decisions.
Key Numbers
- $41,814,768 — Reported Financial Value (A significant financial value noted in the filing data.)
Key Players & Entities
- TRUPANION, INC. (company) — Filing entity
- American Pet Insurance Company (APIC) (company) — Member entity
- Wyndham Insurance Company SAC Limited (company) — Member entity
- TRUPANION INC. (company) — Former company name
- VETINSURANCE INTERNATIONAL INC (company) — Former company name
- 41,814,768 (dollar_amount) — Reported financial value
FAQ
What is the Central Index Key (CIK) for TRUPANION, INC.?
The Central Index Key (CIK) for TRUPANION, INC. is 0001371285.
When was the CONFORMED PERIOD OF REPORT for this 10-K filing?
The CONFORMED PERIOD OF REPORT for this 10-K filing was 20231231 (December 31, 2023).
What is TRUPANION, INC.'s Standard Industrial Classification (SIC)?
TRUPANION, INC.'s Standard Industrial Classification (SIC) is HOSPITAL & MEDICAL SERVICE PLANS [6324].
What were the two former names of TRUPANION, INC. and when did they change?
The two former names were TRUPANION INC., which changed on 20131114, and VETINSURANCE INTERNATIONAL INC, which changed on 20060802.
Which specific expense categories are mentioned for the periods ending December 31, 2023, 2022, and 2021?
The expense categories mentioned are Claims Expense and Other Cost of Sales.
From the Filing
0001371285-24-000029.txt : 20240227 0001371285-24-000029.hdr.sgml : 20240227 20240226214224 ACCESSION NUMBER: 0001371285-24-000029 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 115 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240227 DATE AS OF CHANGE: 20240226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRUPANION, INC. CENTRAL INDEX KEY: 0001371285 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36537 FILM NUMBER: 24681707 BUSINESS ADDRESS: STREET 1: 6100 4TH AVENUE SOUTH STREET 2: SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98108 BUSINESS PHONE: 888-733-2685 MAIL ADDRESS: STREET 1: 6100 4TH AVENUE SOUTH STREET 2: SUITE 400 CITY: SEATTLE STATE: WA ZIP: 98108 FORMER COMPANY: FORMER CONFORMED NAME: TRUPANION INC. DATE OF NAME CHANGE: 20131114 FORMER COMPANY: FORMER CONFORMED NAME: VETINSURANCE INTERNATIONAL INC DATE OF NAME CHANGE: 20060802 10-K 1 trup-20231231.htm 10-K trup-20231231 0001371285 12/31 10-K 2023 FY false 41,814,768 http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense 0001371285 2023-01-01 2023-12-31 0001371285 2023-06-30 iso4217:USD 0001371285 2024-02-19 xbrli:shares 0001371285 trup:AmericanPetInsuranceCompanyAPICMember 2023-01-01 2023-12-31 0001371285 trup:WyndhamInsuranceCompanySACLimitedMember 2023-01-01 2023-12-31 iso4217:CAD xbrli:pure 0001371285 2023-12-31 0001371285 2022-01-01 2022-12-31 0001371285 2021-01-01 2021-12-31 iso4217:USD xbrli:shares 0001371285 trup:ClaimsExpenseMember 2023-01-01 2023-12-31 0001371285 trup:ClaimsExpenseMember 2022-01-01 2022-12-31 0001371285 trup:ClaimsExpenseMember 2021-01-01 2021-12-31 0001371285 trup:OtherCostofSalesMember 2023-01-01 2023-12-31 0001371285 trup:OtherCostofSalesMember 2022-01-01 2022-12-31 0001371285 trup:OtherCostofSalesMember 2021-01-01 2021-12-31 0001371285 us-gaap:ResearchAndDevelopmentExpenseMember 2023-01-01 2023-12-31 0001371285 us-gaap:ResearchAndDevelopmentExpenseMember 2022-01-01 2022-12-31 0001371285 us-gaap:ResearchAndDevelopmentExpenseMember 2021-01-01 2021-12-31 0001371285 us-gaap:GeneralAndAdministrativeExpenseMember 2023-01-01 2023-12-31 0001371285 us-gaap:GeneralAndAdministrativeExpenseMember 2022-01-01 2022-12-31 0001371285 us-gaap:GeneralAndAdministrativeExpenseMember 2021-01-01 2021-12-31 0001371285 us-gaap:SellingAndMarketingExpenseMember 2023-01-01 2023-12-31 0001371285 us-gaap:SellingAndMarketingExpenseMember 2022-01-01 2022-12-31 0001371285 us-gaap:SellingAndMarketingExpenseMember 2021-01-01 2021-12-31 0001371285 2022-12-31 0001371285 us-gaap:CommonStockMember 2020-12-31 0001371285 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001371285 us-gaap:RetainedEarningsMember 2020-12-31 0001371285 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001371285 us-gaap:TreasuryStockCommonMember 2020-12-31 0001371285 2020-12-31 0001371285 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001371285 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001371285 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001371285 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001371285 us-gaap:CommonStockMember 2021-12-31 0001371285 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001371285 us-gaap:RetainedEarningsMember 2021-12-31 0001371285 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001371285 us-gaap:TreasuryStockCommonMember 2021-12-31 0001371285 2021-12-31 0001371285 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001371285 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001371285 us-gaap:TreasuryStockCommonMember 2022-01-01 2022-12-31 0001371285 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001371285 us-gaap:Ret