Archambo Financial Advisors, Inc.

 

Aaron S. Archambo, CFP®

 

Debbie E. Mueggenborg, CPA

 

Jonathan S. Russell

 

Phone:  918-336-2222

September/October 2022

Pet Insurance is Growing in Popularity

Pet Insurance is Growing in Popularity

Although pet insurance started in Sweden a century ago, the first pet insurance policy in the U.S. was sold in 1982. By 2020, the U.S. pet health insurance sector reported written premiums totaling $1.99 billion.*


U.S. PET OWNERSHIP BY HOUSEHOLD (IN MILLIONS)*

  • DOG: 69.0

  • CAT: 45.3

  • OTHER: 39.7


BASIC ANNUAL VETERINARY EXPENSES*

ROUTINE
  • DOG $242

  • CAT $178


SURGICAL

  • DOG $458

  • CAT $201


PET INSURANCE ANNUAL PREMIUMS**

ACCIDENT ONLY
  • DOG $218

  • CAT $134


ACCIDENT/ILLNESS

  • DOG $594

  • CAT $342


*American Pet Products Association's 2021-2022 National Pet Owners Survey
**North American Pet Insurance Association


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Securities offered through Calton & Associates, Inc. Member FINRA and SIPC. Investment Advisory Services offered through Archambo Financial Advisors, Inc., a Registered Investment Advisor. Archambo Financial Advisors, Inc. is not owned or controlled by Calton & Associates, Inc.
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