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Investments: Invest in Trupanion

2020-01-05 12:29:32

The topic we will discuss on this occasion is Investments and specifically we will explain Investing in Trupanion.

In 2019 your tuivo in investment expenses with our pets an approximate amount of $ 75.4 billion, according to data from the American Pet Products Association, in which this amount in veterinary care alone was $ 19 billion, it is possible all this with an approximate of 63.4 million households in the U.S. have dogs as pets and in the case of cats are in 42.7 million homes, this means that pet insurance seems to be very profitable when investing in Trupanion.

What is Trupanion?

We have that for pets is the provider of Trupanion insurance policies, being for life for dogs and cats, this company presents a profitability designed for the long term, in the case of most companies of this type, they maintain a visible cash flow and set exceptional prices, which allows claims to be covered, in the case of Trupanion its direction is different, with low participation in the insurance market, it has between 1 percent and 2 percent in the U.S. and in Canada, the development for this company is planned.

What's the current status of Trupanion?

At the moment, we have that the profitability of this company is not ideal, but it is improving, in the second quarter the sales grew 26 percent and for 2020 the expectations are of 20 percent, according to data of Wall Street. The benchmarks are successful; to continue with this, it may be among the most relevant in terms of earnings next year.

We conclude with this explanation, talking about investments and precisely its direct relationship with the fact that Investing in Trupanion, we had in this content information in this regard that helps us to have a vision of this company, we hope this content is useful.

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