Trupanion (TRUP) Tops Q1 EPS by 1c, Revenues Beat

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Animal health leader Zoetis steps into pet insurance

April 30, 2020 8:02 AM EDT

By Manas Mishra and Saumya Joseph

(Reuters) - Zoetis Inc (NYSE: ZTS), the world's largest animal health company, unveiled a new insurance unit in a bid to take advantage of rising pet ownership as Americans adopt furry companions to help relieve the loneliness of coronavirus lockdowns.

Adoption rates at animal shelters around the world have jumped as people try to cope with the isolation from shelter-at-home orders to avoid the spread of the new coronavirus.

New Jersey-based Zoetis on Thursday said its Pumpkin Insurance Services subsidiary will offer insurance... More