Trupanion Inc (TRUP)

TRUP's stock fell 11.12% related to news that Trupanion sells insurance in Canada through an unaffiliated licensed insurer Omega despite retaining all financial risk. In doing so, TRUP has avoided licensure and only has to reserve $17 millions in order to underwrite $136 millions in revenue (FY2022).

https://twitter.com/davidorr_31/status/1678872039346544640?s=20

Shares of pet isurer Trupanion Inc. (TRUP) dropped 5.30% today after a raise in June 26, 2023. It has been a trying year for the pet insurance company. Inflation and higher veterinarian costs have hurt its bottom line, resulting in a per-share net loss in the quarter, which missed analysts' consensus estimates. This has generallt made it tough sledding for Trupanion.

https://www.marketbeat.com/originals/down-over-80-is-pet-insurer-trupanion-worth-the-risk-premium/

TRUP is falling related to its Q1 2023 earnings report. The bad news comes from its diluted earnings per share of -60 cents. Moreover, CEO of this company Darryl Rawlings received a lot of critism.

https://twitter.com/AlderLaneEggs/status/1655592407839264769?s=20

TRUP is falling related to a series of leadership changes.The company announced a CFO transition of Drew Wolff - its chief financial officer. Changes in leadership can have significant implications for a company's future performance, as new executives may bring different perspectives and strategies to the table. It remains to be seen how Trupanion will adapt to these changes and how they will affect the company's operations and financial performance moving forward.