Trupanion Inc (TRUP) - Net Assets
Based on the latest financial reports, Trupanion Inc (TRUP) has net assets worth $394.82 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($921.58 Million) and total liabilities ($526.76 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of Trupanion Inc to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $394.82 Million |
| % of Total Assets | 42.84% |
| Annual Growth Rate | N/A |
| 5-Year Change | 15.57% |
| 10-Year Change | 758.63% |
| Growth Volatility | 61.6 |
Trupanion Inc - Net Assets Trend (2012–2025)
This chart illustrates how Trupanion Inc's net assets have evolved over time, based on quarterly financial data. See Trupanion Inc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Trupanion Inc (2012–2025)
The table below shows the annual net assets of Trupanion Inc from 2012 to 2025. For live valuation and market cap data, see TRUP market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $383.94 Million | +18.77% |
| 2024-12-31 | $323.27 Million | +6.44% |
| 2023-12-31 | $303.72 Million | -0.52% |
| 2022-12-31 | $305.30 Million | -8.10% |
| 2021-12-31 | $332.20 Million | -2.28% |
| 2020-12-31 | $339.94 Million | +148.57% |
| 2019-12-31 | $136.76 Million | +5.87% |
| 2018-12-31 | $129.17 Million | +166.70% |
| 2017-12-31 | $48.43 Million | +8.32% |
| 2016-12-31 | $44.72 Million | -1.41% |
| 2015-12-31 | $45.36 Million | -23.48% |
| 2014-12-31 | $59.27 Million | +279.63% |
| 2013-12-31 | $-33.00 Million | -21.89% |
| 2012-12-31 | $-27.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trupanion Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 17862700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $2.10 Million | 0.55% |
| Other Components | $588.29 Million | 153.23% |
| Total Equity | $383.94 Million | 100.00% |
Trupanion Inc Competitors by Market Cap
The table below lists competitors of Trupanion Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Accel Entertainment Inc
NYSE:ACEL
|
$1.03 Billion |
|
Inversiones Aguas Metropolitanas SA
SN:IAM
|
$1.03 Billion |
|
Zhejiang Chunhui Intelligent Control Co. Ltd.
SHE:300943
|
$1.03 Billion |
|
Artivion Inc
NYSE:AORT
|
$1.03 Billion |
|
Bank Tabungan Negara Persero
JK:BBTN
|
$1.03 Billion |
|
Luye Pharma Group Ltd
F:LUP
|
$1.03 Billion |
|
PixArt Imaging
TWO:3227
|
$1.03 Billion |
|
Piedmont Office Realty Trust Inc
NYSE:PDM
|
$1.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trupanion Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 323,268,000 to 383,936,000, a change of 60,668,000 (18.8%).
- Net income of 19,433,000 contributed positively to equity growth.
- Share repurchases of 3,712,000 reduced equity.
- Other comprehensive income increased equity by 4,709,000.
- Other factors increased equity by 40,238,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $19.43 Million | +5.06% |
| Share Repurchases | $3.71 Million | -0.97% |
| Other Comprehensive Income | $4.71 Million | +1.23% |
| Other Changes | $40.24 Million | +10.48% |
| Total Change | $- | 18.77% |
Book Value vs Market Value Analysis
This analysis compares Trupanion Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.67x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $-17.65 | $23.57 | x |
| 2013-12-31 | $-25.15 | $23.57 | x |
| 2014-12-31 | $2.13 | $23.57 | x |
| 2015-12-31 | $1.64 | $23.57 | x |
| 2016-12-31 | $1.57 | $23.57 | x |
| 2017-12-31 | $1.64 | $23.57 | x |
| 2018-12-31 | $4.04 | $23.57 | x |
| 2019-12-31 | $3.95 | $23.57 | x |
| 2020-12-31 | $9.48 | $23.57 | x |
| 2021-12-31 | $8.28 | $23.57 | x |
| 2022-12-31 | $7.49 | $23.57 | x |
| 2023-12-31 | $7.33 | $23.57 | x |
| 2024-12-31 | $7.67 | $23.57 | x |
| 2025-12-31 | $8.81 | $23.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trupanion Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.35%
- • Asset Turnover: 1.57x
- • Equity Multiplier: 2.38x
- Recent ROE (5.06%) is above the historical average (-9.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | -11.54% | 2.01x | 0.00x | $-3.70 Million |
| 2013 | 0.00% | -9.75% | 1.62x | 0.00x | $-4.88 Million |
| 2014 | -35.73% | -18.27% | 1.18x | 1.66x | $-27.10 Million |
| 2015 | -37.93% | -11.71% | 2.07x | 1.56x | $-21.74 Million |
| 2016 | -15.42% | -3.66% | 2.29x | 1.84x | $-11.37 Million |
| 2017 | -3.10% | -0.62% | 2.29x | 2.19x | $-6.35 Million |
| 2018 | -0.72% | -0.30% | 1.46x | 1.61x | $-13.84 Million |
| 2019 | -1.32% | -0.47% | 1.49x | 1.88x | $-15.48 Million |
| 2020 | -1.72% | -1.16% | 1.01x | 1.47x | $-39.83 Million |
| 2021 | -10.70% | -5.08% | 1.24x | 1.69x | $-68.75 Million |
| 2022 | -14.63% | -4.94% | 1.35x | 2.20x | $-75.20 Million |
| 2023 | -14.72% | -4.03% | 1.42x | 2.58x | $-75.07 Million |
| 2024 | -2.98% | -0.75% | 1.59x | 2.50x | $-41.96 Million |
| 2025 | 5.06% | 1.35% | 1.57x | 2.38x | $-18.96 Million |
Industry Comparison
This section compares Trupanion Inc's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $6,297,065,900
- Average return on equity (ROE) among peers: 13.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trupanion Inc (TRUP) | $394.82 Million | 0.00% | 1.33x | $1.03 Billion |
| American Coastal Insurance Corp (ACIC) | $537.12 Million | 1.89% | 2.84x | $505.96 Million |
| American Financial Group, Inc. (AFG) | $1.74 Billion | 13.35% | 1.33x | $10.91 Billion |
| Aspen Insurance Holdings Ltd (AHL) | $3.42 Billion | 9.42% | 2.23x | $119.39 Million |
| American Integrity Insurance Group, Inc. (AII) | $133.97 Million | 28.21% | 5.43x | $342.67 Million |
| Assurant Inc (AIZ) | $4.52 Billion | 3.13% | 5.65x | $10.94 Billion |
| The Allstate Corporation (ALL) | $21.85 Billion | 21.22% | 6.16x | $54.30 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $614.86 Million | 12.04% | 1.40x | $990.91 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $370.44 Million | 10.32% | 3.47x | $888.60 Million |
| Chubb Ltd (CB) | $16.68 Billion | 15.46% | 3.32x | $124.22 Billion |
| Cincinnati Financial Corporation (CINF) | $13.11 Billion | 22.65% | 1.40x | $24.98 Billion |
About Trupanion Inc
Trupanion, Inc., together with its subsidiaries, provides medical insurance for cats and dogs on subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians. The company was formerly known as Vetinsurance International, Inc. changed its name to Trupanion, … Read more