Trupanion stock plunge persists, CEO stays mum, loss ratios rise
Trupanion’s stock price continued to decline late Tuesday afternoon. It’s been a rough eighteen months for the Seattle-based pet insurer, whose stock price has been on a downward trend since early 2022, now dipping below $20 to new 52-week low. We’re trying to match the timeline of the stock fall-off with events affecting the company and the industry to understand if and how Trupanion’s prospects have declined as much as its market cap.
Other questions that remain to be answered are consequential, not only for Trupanion, but for veterinary medicine and for the pet insurance market in North America. So, TCR reached out to Trupanion’s Board of Directors – each person individually – for input. We also contacted several managers, advisors, former employees, and industry stakeholders.
We’ve had several helpful responses, but we’re still hoping more of you will contribute to our reporting. Please be in touch.
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