Pethealth Inc, the second largest pet insurer in North America and commonly known as 24PetWatch, announced net income of $739,000 on revenue of $7.9 million for 2nd quarter of 2010. marketwatch
Highlights:
- over 50% of new policies came from their shelter channel
- pet adoption is becoming more popular
- no mention of number of active policies
Pethealth offers free shelter management software to shelters if they agree to promote their insurance products. They also moved into the UK market in 2008 when they bought Pet Protect insurance.
