Launched by leading animal health company
Zoetis
Uniquely combines preventive care with
best-in-class health insurance for dogs and cats
Pumpkin Insurance Services, Inc.
(“Pumpkin”), a new pet insurance agency and pet care company,
announced today the launch of its new insurance and optional
monthly preventive care plans for pet owners in the U.S. Launched
by Zoetis (NYSE:ZTS), the world’s largest global animal health
company, Pumpkin is now available to consumers in many states.1
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With its holistically designed plans, Pumpkin addresses a gap in
the pet care industry by offering competitive pet health insurance
and preventive care so pet owners can help their pets stay healthy
year-round. Rather than wait until animals are sick or injured to
provide care, Pumpkin’s Preventive Essentials plan – available at
an additional cost to the core insurance plan – helps enable
families to give their pets crucial routine care that veterinarians
universally recommend for cats and dogs.
Specifically, Pumpkin’s Preventive Essentials plan includes the
following:
- For dogs: Reimbursement for the costs of one annual wellness
exam fee and two vaccines administered at such annual visit; and
provides a 12-month supply of Zoetis’ Simparica Trio®
(sarolaner, moxidectin, and pyrantel) for protection against
heartworm disease, ticks and fleas, roundworms and hookworms for
only $15.95 per month.
- For cats: Reimbursement for the costs of one annual wellness
exam fee and one vaccine typically administered at such annual
visit; and provides a 12-month supply of Zoetis’ topical 6-in-1
parasite preventive, Revolution® Plus (selamectin and
sarolaner topical solution) for a monthly fee of $10.95.
- Direct shipment of these parasiticide medicines delivered to
the pet’s home -- a service no other insurer provides.
- Automatic digital reminders to administer preventive
medications and to schedule vaccines via Pumpkin’s best-in-class
technology platform help pet owners ensure their cats and dogs get
timely treatment.
By making each pet owner’s healthcare responsibilities as easy
and seamless as possible, Pumpkin aims to significantly increase
the currently low percentage of pets that are compliant with
preventive medication (based on internal Zoetis data) so that cats
and dogs stay healthy and out of the emergency room. With Pumpkin's
Preventive Essentials, pet owners can save as much as $240 annually
on parasite protection, vaccines and wellness exams alone.2
“Pet insurance is being vastly underutilized by pet owners in
America today. With Pumpkin, we are enabling pet parents to
proactively prioritize the health of their pets and make the best
health decisions for their animals -- so we can help ensure our fur
children live their longest and healthiest lives,” said Alex
Douzet, CEO of Pumpkin.
Although cats and dogs have become inseparable members of the
family – even more so in these uncertain times -- 98% of pet owners
currently lack any form of health insurance for their cats and
dogs.3 Nevertheless, annually, 1 in 3 pets
will have a medical emergency which will cost pet owners from $800
to $1,500 per visit on average.
Backed by Zoetis, Pumpkin provides pet owners peace of mind in
helping to provide their pet the best veterinary care and wellness
possible, with less financial stress.
“We are thrilled to support the launch of an innovative pet
insurance and preventives plan that makes it easier and more
economical for pet owners to give their best friends the best care
possible – while keeping them connected to their veterinarian for
essential services,” said Kristin Peck, CEO of Zoetis. “Pumpkin is
a great example of how Zoetis strives to reimagine animal health
with fresh approaches to help our veterinary customers better
predict, prevent, detect and treat disease for their animal
patients.”
As part of its product offering, Pumpkin Pet Insurance is also
offering accident and illness pet insurance plans underwritten by
United States Fire Insurance Company, a Crum & Forster Company
and produced by Pumpkin.4
For more information about Pumpkin, or to compare your current
insurance plan with the coverage Pumpkin offers, go to www.pumpkin.care.
About Pumpkin Insurance Services Inc.
Pumpkin Insurance Services, Inc. (Pumpkin) is a
direct-to-consumer pet care company and insurance producer founded
to ensure pets live their longest and healthiest lives. Pumpkin Pet
Insurance plans offer dog and cat owners advanced veterinary care
coverage. Pumpkin Preventive Essentials offers life-threatening
disease prevention through reimbursing for vaccines and tick, flea
and heartworm medications, enabling consumers to make data-informed
care decisions based upon their individual pet’s health needs. All
Pumpkin Plans provide reimbursement for covered care administered
by any licensed veterinary clinic in the U.S. and Canada. Pumpkin
Pet Insurance policies do not cover pre-existing conditions.
Waiting periods, annual deductibles, co-insurance, benefits limits
and other exclusions may apply. For information about Pumpkin’s Pet
Insurance and/or to learn more about Pumpkin’s optional add-on,
non-insurance Preventive Essentials benefits, visitors can review
Pumpkin’s insurance Terms and Conditions at pumpkin.care/insurancepolicy and at pumpkin.care/customeragreement, respectively.
Additional information, including where Pumpkin services are
currently available, may be found by visiting www.pumpkin.care.
About Zoetis
Zoetis is the leading animal health
company, dedicated to supporting its customers and their
businesses. Building on more than 65 years of experience in animal
health, Zoetis discovers, develops, manufactures and commercializes
medicines, vaccines and diagnostic products, which are complemented
by biodevices, genetic tests and precision livestock farming.
Zoetis serves veterinarians, livestock producers and people who
raise and care for farm and companion animals with sales of its
products in more than 100 countries. In 2019, the company generated
annual revenue of $6.3 billion with approximately 10,600 employees.
For more information, visit www.zoetis.com.
Forward-Looking Statements: This
press release contains forward-looking statements, which reflect
the current views of Zoetis with respect to: business plans or
prospects; future operating or financial performance, future
operating models; expectations regarding products, product
approvals or products under development; expected timing of product
launches; suppliers, customers and employees; and other future
events. These statements are not guarantees of future performance
or actions. Forward-looking statements are subject to risks and
uncertainties. If one or more of these risks or uncertainties
materialize, or if management's underlying assumptions prove to be
incorrect, actual results may differ materially from those
contemplated by a forward-looking statement. Forward-looking
statements speak only as of the date on which they are made. Zoetis
expressly disclaims any obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise. A further list and description of
risks, uncertainties and other matters can be found in our Annual
Report on Form 10-K for the fiscal year ended December 31, 2019,
including in the sections thereof captioned “Forward-Looking
Statements and Factors That May Affect Future Results” and “Item
1A. Risk Factors,” in our Quarterly Reports on Form 10-Q and in our
Current Reports on Form 8-K. Such risks and uncertainties may be
amplified by the coronavirus (COVID-19) pandemic and its potential
impact on the global economy and our business. These filings and
subsequent filings are available online at www.sec.gov,
www.zoetis.com, or on request from Zoetis.
_________________________________
1
Pumpkin is not yet available in all
states. To find out if Pumpkin is available in your location visit
www.pumpkin.care.
2
American Animal Hospital Association,
Veterinary Fee Reference 10th Edition, 2018.
~$72 = Cost of Lyme Vaccine + 1-Yr Rabies
Vaccine based on 75th Percentile Urban Pricing.
~$56 = Cost of Annual Wellness Exam Fee
based on 75th Percentile Urban Pricing.
Zoetis Services LLC., “Minimum Advertised
Price (MAP) Policy”, 2020.
~$303.80 = Cost of 12 doses of Simparica
Trio™ (sarolaner, moxidectin, and pyrantel chewable tablets).
Retail pricing based on two 6 PKs (72MG) at $151.90 per 6 PK.
Pumpkin Preventive Essentials costs $191.40/yr and covers 2
vet-administered vaccines + 1 annual exam fee + 12 doses of
Simparica Trio, so enrolled pet owners can save ~$240/yr on these
items
3
North American Pet Health Insurance
Association, State of the Industry, 2019.
4
Pumpkin Insurance Services Inc. (Pumpkin)
is a licensed insurance agency, not an insurer. Insurance is
underwritten by United States Fire Insurance Company, a Crum &
Forster Company and produced by Pumpkin. Pumpkin receives
compensation based on the premiums for the insurance policies it
sells. Pumpkin Preventive Essentials is not an insurance policy. It
is offered as an optional add-on non-insurance benefit. Pumpkin is
responsible for the Pumpkin Prevent Essentials product and its
administration.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200430005460/en/
Media Contacts: Loren Talley Zoetis
908-603-7810 loren.talley@zoetis.com
Christina Lood Zoetis 973-822-7249 christina.lood@zoetis.com
Lindsey Bailys GCI Health 786-252-1702
lindsey.bailys@gcihealth.com
Investor Contacts: Steve Frank
973-822-7141 steve.frank@zoetis.com
Marissa Patel 973-443-2996 marissa.patel@zoetis.com
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