Trupanion (TRUP) 10-Q 2 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2017	Jul. 27, 2017
Entity Information [Line Items]
Entity Registrant Name	TRUPANION INC.
Entity Central Index Key	1,371,285
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		29,995,543

Condensed Consolidated Statemen

Condensed Consolidated Statement of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Revenue	$ 58,275	$ 45,832	$ 113,004	$ 88,531
Claims expenses	41,009	32,466	80,196	63,070
Other cost of revenue	6,915	5,100	13,302	9,891
Gross profit	10,351	8,266	19,506	15,570
Sales and marketing	4,372	3,564	8,461	7,404
Technology and Development	2,322	2,164	4,725	4,451
General and administrative	4,245	3,495	8,257	7,217
Total operating expenses	10,939	9,223	21,443	19,072
Operating loss	(588)	(957)	(1,937)	(3,502)
Interest expense	109	41	246	71
Other (income) expense, net	(1,112)	(38)	(1,140)	(55)
Income (Loss) before income taxes	415	(960)	(1,043)	(3,518)
Income tax expense	4	4	28	18
Net income (loss)	$ 411	$ (964)	$ (1,071)	$ (3,536)
Net income (loss) per share, basic and diluted	$ 0.01	$ (0.03)	$ (0.04)	$ (0.13)
Weighted Average Number of Shares Outstanding, Basic	29,510,907	28,348,348	29,383,502	28,173,798
Weighted Average Number of Shares Outstanding, Diluted	32,734,624	28,348,348	29,383,502	28,173,798

Condensed Consolidated Stateme3

Condensed Consolidated Statement of Comprehensive Income Statement - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net income (loss)	$ 411	$ (964)	$ (1,071)	$ (3,536)
Change in foreign currency translation adjustments	111	11	123	300
Change in net gains on available-for-sale debt securities	16	6	9	8
Other comprehensive income, net of taxes	127	17	132	308
Comprehensive Income (Loss)	$ 538	$ (947)	$ (939)	$ (3,228)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheet - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets [Abstract]
Cash and cash equivalents	$ 24,604	$ 23,637
Short-term Investments	32,565	29,570
Accounts and other receivables	17,098	10,118
Prepaid expenses and other assets	2,294	2,062
Total current assets	76,561	65,387
Restricted Cash	600	600
Long-Term Investments, at fair value	2,829	2,579
Equity Method Investments	0	271
Property and equipment, net	7,988	8,464
Intangible assets, net	4,950	4,910
Other Long-Term Assets	2,723	134
Total assets	95,651	82,345
Liabilities and Equity [Abstract]
Accounts payable	1,779	2,006
Accrued liabilities and other current liabilities	6,582	5,416
Claims reserve	10,820	9,521
Deferred Revenue	20,442	13,463
Total current liabilities	39,623	30,406
Long-term debt	6,309	4,767
Deferred tax liabilities	1,623	1,623
Other liabilities	944	834
Total liabilities	48,499	37,630
Common stock	0	0
Preferred Stock	0	0
Additional paid-in capital	132,950	129,574
Accumulated other comprehensive loss	(245)	(377)
Accumulated deficit	(82,352)	(81,281)
Treasury stock, at cost	(3,201)	(3,201)
Stockholders' Equity Attributable to Parent	47,152	44,715
Total liabilities and stockholders' equity	$ 95,651	$ 82,345

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheet Condensed Consolidated Balance Sheet Parentheticals - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Short-term Investments, Fair Value	$ 32,563	$ 29,570
Available-for-sale Securities, Amortized Cost Basis	$ 2,829	$ 2,587
Common Stock [Member]
Common Stock, Par or Stated Value Per Share	$ 0.00001	$ 0.00001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	30,652,240	30,156,247
Common Stock, Shares, Outstanding	29,994,940	29,498,947
Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 0.00001	$ 0.00001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Treasury Stock [Member]
Treasury Stock, Shares	657,300	657,300

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Net Cash Provided by Operating Activities [Abstract]
Net loss	$ (1,071)	$ (3,536)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation and Amortization	2,113	1,524
Stock-based compensation expense	1,669	1,439
Gain on Sale of Equity Investment	(1,036)	0
Other, Net	56	39
Increase (Decrease) in Operating Assets [Abstract]
Accounts and other receivables	(6,968)	(994)
Prepaid expenses and other assets	(183)	463
Accounts Payable, Accrued Liabilities, and Other Liabilities	913	(1,203)
Claims Reserve	1,259	1,244
Deferred revenue	6,929	1,284
Net cash provided by operating activities	3,681	260
Net Cash Used in Investing Activities [Abstract]
Purchases of Investment Securities	(14,895)	(11,223)
Maturities of Investment Securities	11,712	9,338
Proceeds from Sale of Equity Method Investment	1,402	0
Purchases of property and equipment	(1,264)	(1,090)
Other Investments	(2,753)	(69)
Net cash used in investing activities	(5,798)	(3,044)
Net Cash Provided by Financing Activities [Abstract]
Proceeds from exercise of stock options	1,647	1,785
Proceeds from Debt financing, net of financing fees	1,459	986
Payments on Capital Lease Obligation	(203)	(73)
Net cash provided by financing activities	2,903	2,698
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash, net	181	337
Net Increase in Cash, Cash Equivalents, and Restricted Cash	967	251
Cash, Cash Equivalents, and Restricted Cash at beginning of period	24,237	17,956
Cash, Cash Equivalents, and Restricted Cash, End of Period	25,204	18,207
Purchases of property and equipment included in accounts payable and accrued liabilities	352	75
Property and Equipment Acquired Under Capital Leases	$ 66	$ 326

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	Nature of Operations and Significant Accounting Policies Description of Business and Basis of Presentation Trupanion, Inc. (collectively with its wholly-owned subsidiaries, the Company) provides medical insurance for cats and dogs throughout the United States, Canada and Puerto Rico. The financial data as of December 31, 2016 was derived from the Company's audited consolidated financial statements. The accompanying unaudited interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) and, in management's opinion, have been prepared on the same basis as the audited financial statements and include all adjustments, consisting of normal recurring adjustments, necessary for the fair presentation of the Company's financial position, results of operations, comprehensive income (loss), and cash flows for the interim periods. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s audited financial statements included in the Company’s Annual Report on Form 10-K, filed with the U.S Securities and Exchange Commission on February 15, 2017 (the 2016 10-K). The Company's accounting policies are described in Note 1 to the financial statements included in the 2016 10-K. Operating results for the three and six months ended June 30, 2017 are not necessarily indicative of the results that may be expected for the full fiscal year or any other interim period. Reclassifications Certain prior year amounts have been reclassified within the Company’s consolidated financial statements from their original presentation to conform to the current period presentation. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from such estimates. See Note 1 to the audited financial statements included in the 2016 10-K for additional discussion of these estimates and assumptions. Accumulated Other Comprehensive Loss There were no reclassifications out of accumulated other comprehensive loss during the three and six months ended June 30, 2017 and 2016 . Accounting Pronouncements Adopted During Period In November 2015, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) amending the accounting for income taxes and requiring all deferred tax assets and liabilities be classified as non-current in the consolidated balance sheets. The Company adopted this ASU as of January 1, 2017 and has retrospectively applied the provisions of this standard. In March 2016, the FASB issued an ASU amending the accounting for employee share-based payments, including income tax recognition and classification. The Company adopted this ASU as of January 1, 2017. As a result, the Company has elected to use actual forfeitures in the estimate of stock-based compensation expense. Additionally, the guidance related to the accounting for excess tax benefits and deficiencies resulted in an initial adjustment as of January 1, 2017 to the Company's net operating loss deferred tax asset to eliminate the Company's existing windfall pool amounting to $4.3 million , which was offset by an adjustment to the Company's valuation allowance. Finally, tax withholding of shares will be allowed up to the employee's maximum individual tax rate in the relevant jurisdiction without resulting in liability classification of the award, subject to the Company's internal policies for making this election. Recent Accounting Pronouncements In February 2016, the FASB issued an ASU amending the lease presentation guidance. The ASU requires organizations that lease assets to recognize the rights and obligations created by those leases on the consolidated balance sheets. This ASU is effective for fiscal years beginning after December 15, 2018 including interim periods within that reporting period, with early adoption permitted. The Company plans to adopt this guidance as of January 1, 2019. The Company has determined this guidance will require recognition of a lease liability and corresponding asset on the consolidated balance sheets equal to the present value of minimum lease payments. The carrying amount of the asset is derived from the amount of the lease liability at the end of each reporting period.

Net Loss per Share

Net Loss per Share	6 Months Ended
	Jun. 30, 2017
Earnings Per Share, Basic and Diluted [Abstract]
Earnings Per Share [Text Block]	Net Income (Loss) per Share Basic net income (loss) per share is computed using the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is calculated using the weighted-average number of shares of common stock plus, when dilutive, potential common shares outstanding using the treasury-stock method. Potential common shares outstanding include stock options, unvested restricted stock, and warrants. The components of basic and diluted earnings per share were as follows: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (in thousands, except per share data) Basic earnings per share: Net income (loss) $ 411 $ (964 ) $ (1,071 ) $ (3,536 ) Shares used in computation: Weighted average common shares outstanding 29,510,907 28,348,348 29,383,502 28,173,798 Basic earnings per share $ 0.01 $ (0.03 ) $ (0.04 ) $ (0.13 ) Diluted earnings per share: Net income (loss) $ 411 $ (964 ) $ (1,071 ) $ (3,536 ) Shares used in computation: Weighted average common shares outstanding 29,510,907 28,348,348 29,383,502 28,173,798 Stock options 2,511,012 — — — Restricted stock awards and units 351,668 — — — Warrants 361,037 — — — Weighted average number of shares 32,734,624 28,348,348 29,383,502 28,173,798 Diluted earnings per share $ 0.01 $ (0.03 ) $ (0.04 ) $ (0.13 ) The following potentially dilutive equity securities were not included in the diluted earnings per common share calculation because they would have had an antidilutive effect: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Stock options 1,035,163 4,338,867 4,207,577 4,338,867 Restricted stock awards and units — 472,238 351,668 472,238 Warrants — 869,999 810,000 869,999

Investment Securities (Notes)

Investment Securities (Notes)	6 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Investment Securities The amortized cost, gross unrealized holding gains and losses, and fair value of available-for-sale and short-term investments by major security type and class of security were as follows as of June 30, 2017 and December 31, 2016 (in thousands): Amortized Gross Gross Fair As of June 30, 2017 Available-for-sale: Foreign deposits $ 1,829 $ — $ — $ 1,829 Municipal bond 1,000 — — 1,000 $ 2,829 $ — $ — $ 2,829 Short-term investments: U.S. treasury securities $ 5,786 $ — $ (3 ) $ 5,783 Certificates of deposit 709 1 — 710 U.S. government funds 26,070 — — 26,070 $ 32,565 $ 1 $ (3 ) $ 32,563 Amortized Gross Gross Fair As of December 31, 2016 Available-for-sale: Foreign deposits $ 1,587 $ — $ — $ 1,587 Municipal bond 1,000 — (8 ) 992 $ 2,587 $ — $ (8 ) $ 2,579 Short-term investments: U.S. treasury securities $ 5,791 $ — $ — $ 5,791 Certificates of deposit 707 — — 707 U.S. government funds 23,072 — — 23,072 $ 29,570 $ — $ — $ 29,570 Maturities of debt securities classified as available-for-sale were as follows (in thousands): June 30, 2017 Amortized Fair Available-for-sale: Due under one year $ — $ — Due after one year through five years 1,829 1,829 Due after five years through ten years 1,000 1,000 Due after ten years — — $ 2,829 $ 2,829 The Company evaluated its securities for other-than-temporary impairment and considers the decline in market value for the securities to be primarily attributable to current economic and market conditions. For debt securities, the Company does not intend to sell, nor is it more likely than not that the Company will be required to sell, the securities prior to the recovery of the amortized cost basis which may be at maturity.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Fair Value The following table summarizes, by major security type, the Company's assets that are measured at fair value on a recurring basis, and placement within the fair value hierarchy (in thousands): As of June 30, 2017 Fair Value Level 1 Level 2 Assets Restricted cash $ 600 $ 600 $ — Foreign deposits 1,829 1,829 — Municipal bond 1,000 — 1,000 Money market funds 4,871 4,871 — Total $ 8,300 $ 7,300 $ 1,000 As of December 31, 2016 Fair Value Level 1 Level 2 Assets Restricted cash $ 600 $ 600 $ — Foreign deposits 1,587 1,587 — Municipal bond 992 — 992 Money market funds 7,033 7,033 — Total $ 10,212 $ 9,220 $ 992 The Company measures the fair value of restricted cash, foreign deposits, and money market funds based on quoted prices in active markets for identical assets. The fair value of the municipal bond is based on either recent trades in inactive markets or quoted market prices of similar instruments and other significant inputs derived from or corroborated by observable market data. As of June 30, 2017, the Company's other long-term assets balance included a $2.6 million note receivable, recorded at its estimated collectible amount, plus accrued interest. The Company estimates that the carrying value of the note receivable approximates the fair value. The estimated fair value represents a Level 3 measurement within the fair value hierarchy, and is based on market interest rates and the assessed creditworthiness of the third party. The Company estimates the fair value of long-term debt based upon rates currently available to the Company for debt with similar terms and remaining maturities. This is a Level 3 measurement. Based upon the terms of the debt, the carrying amount of long-term debt approximated fair value at June 30, 2017 and December 31, 2016 .

Debt

Debt	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Debt The Company has a revolving line of credit, secured by any and all interests in the Company's assets that are not otherwise restricted. Interest on the revolving line of credit is payable monthly at the greater of 4.5%, or 1.25% plus the prime rate . As of June 30, 2017 and December 31, 2016 , borrowings on the revolving line of credit were limited to the lesser of $30.0 million and the total amount of cash and securities held by the Company's insurance subsidiaries (American Pet Insurance Company and Wyndham Insurance Company (SAC) Ltd. Segregated Account AX). The borrowing agreement includes other ancillary services and letters of credit of up to $4.5 million and $3.0 million as of June 30, 2017 and December 31, 2016 , respectively. The Company's outstanding balance for ancillary services and letters of credit of $1.5 million as of June 30, 2017 and $1.6 million as of December 31, 2016 , reduces available borrowing capacity on the line of credit. The facility also requires a deposit of restricted cash of $0.6 million . The agreement was most recently amended in March 2017 to extend the maturity date to December 2019. The credit agreement requires the Company to comply with various financial and non-financial covenants. As of June 30, 2017 and December 31, 2016 , the Company was in compliance with all covenants. As of June 30, 2017 , the Company's outstanding borrowings under this facility were $6.5 million , recorded net of financing fees of $0.2 million , with $22.0 million remaining available to borrow.

Commitment and Contingencies

Commitment and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies From time to time, the Company is subject to litigation matters and claims arising from the ordinary course of business. The Company records a provision for a liability relating to legal matters when it is both probable that a material liability has been incurred and the amount of the loss can be reasonably estimated. At this time, the Company does not believe any such matters to be material individually or in the aggregate. These views are subject to change following the outcome of future events or the results of future developments.

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Stock-Based Compensation The following table presents information regarding stock options granted, exercised and forfeited for the periods presented: Number Of Options Weighted-Average Exercise Price Aggregate Intrinsic Value (in thousands) Outstanding as of December 31, 2016 4,123,023 $ 5.06 $ 43,185 Granted 628,589 17.47 Exercised (494,970 ) 3.33 6,601 Forfeited (49,065 ) 10.22 Outstanding as of June 30, 2017 4,207,577 7.05 64,482 Vested and Exercisable at June 30, 2017 2,871,578 $ 3.67 $ 53,737 As of June 30, 2017 , the stock options outstanding had a weighted-average remaining contractual life of 5.9 years. Stock-based compensation expense includes stock options and restricted stock awards and units granted to employees and non-employees and has been reported in the Company’s consolidated statements of operations as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (in thousands) Claims expenses $ 89 $ 57 $ 159 $ 115 Other cost of revenue 60 9 103 17 Sales and marketing 198 165 385 247 Technology and development 59 36 109 91 General and administrative 482 476 913 969 Total stock-based compensation expense $ 888 $ 743 $ 1,669 $ 1,439 As of June 30, 2017 , the Company had 1,335,999 unvested stock options and 351,668 restricted stock awards and units that are expected to vest. Total stock-based compensation expense of $7.8 million related to these unvested awards is expected to be recognized over a weighted-average period of approximately 2.7 years.

Claims Reserve

Claims Reserve	6 Months Ended
	Jun. 30, 2017
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Supplementary Insurance Information, for Insurance Companies Disclosure [Text Block]	Claims Reserve The claims reserve includes unpaid claims and claims adjustment expenses and an estimate of claims that have been incurred but not yet reported (IBNR) to the Company. The estimate, which involves actuarial projections, is based on management's assessment of facts and circumstances currently known, and assumptions about anticipated claims patterns, including expected future trends in claims severity and frequency. Reserve estimates are continually refined as claims are reported and settled. Changes in management's assumptions and estimates may have a relatively large impact to the claims reserve and associated expense. This estimate is made for each of the Company's two segments, subscription business and other business. The subscription business segment includes monthly subscriptions related to the Company’s medical plan which are marketed directly to consumers, while the other business segment includes all other business that is not directly marketed to consumers. Summarized below are the changes in the total liability for the Company's subscription business segment: Six Months Ended June 30, 2017 2016 (in thousands) Claims reserve at beginning of year $ 8,538 $ 5,384 Claims incurred during the period related to: Current year 74,244 58,162 Prior years (257 ) 459 Total claims incurred 73,987 58,621 Claims paid during period related to: Current year 65,549 51,844 Prior years 7,138 5,415 Total claims paid 72,687 57,259 Non-cash claims expense 229 187 Claims reserve at end of period $ 9,609 $ 6,559 The Company’s claim reserve for the subscription business segment increased $1.1 million from $8.5 million at December 31, 2016 to $9.6 million at June 30, 2017 . This change was comprised of $74.0 million in claims expense incurred during the period less $72.7 million in claims expense paid during the period. The $74.0 million in claims expense incurred includes a reduction of $0.3 million to the reserves relating to prior years. The change is the result of ongoing analysis of recent claims trends. Original estimates are increased or decreased as additional information becomes known regarding individual claims. Summarized below are the changes in total liability for the Company's other business segment: Six Months Ended June 30, 2017 2016 (in thousands) Claims reserve at beginning of year $ 983 $ 890 Claims incurred during the period related to: Current year 6,337 4,427 Prior years (128 ) 22 Total claims incurred 6,209 4,449 Claims paid during period related to: Current year 5,217 3,484 Prior years 764 832 Total claims paid 5,981 4,316 Non-cash claims expense — — Claims reserve at end of period $ 1,211 $ 1,023 The Company’s claim reserve for the other business segment increased $0.2 million from $1.0 million at December 31, 2016 to $1.2 million at June 30, 2017 . This change was comprised of $6.2 million in claims expense incurred during the period less $6.0 million in claims expense paid during the period. The $6.2 million in claims expense incurred includes a reduction of $0.1 million to the reserves relating to prior years. The change is the result of ongoing analysis of recent claims trends. Original estimates are increased or decreased as additional information becomes known regarding individual claims. Claims Reserve by Loss Year The total claims reserve as of June 30, 2017 for the subscription business segment relates to activity incurred during the years as follows (in thousands): As of June 30, 2017 Year Incurred 2015 $ 229 2016 913 2017 8,467 $ 9,609 The total claims reserve as of June 30, 2017 for the other business segment relates to activity incurred during the years as follows (in thousands): As of June 30, 2017 Year Incurred 2015 $ 2 2016 88 2017 1,121 $ 1,211

Equity Method Investment (Notes

Equity Method Investment (Notes)	6 Months Ended
	Jun. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments [Table Text Block]	Equity Method Investment In June 2017, the Company sold its share of an investment previously accounted for under the equity method. The sale resulted in a gain of $1.0 million recorded within other income on the consolidated statement of operations.

Segments

Segments	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Segments The Company has two segments: subscription business and other business. The subscription business segment includes monthly subscriptions related to the Company’s medical plan which are marketed directly to consumers, while the other business segment includes all other business that is not directly marketed to consumers. The chief operating decision maker uses two measures to evaluate segment performance: revenue and gross profit. Additionally, other operating expenses, such as sales and marketing expenses, are allocated to each segment and evaluated when material. Interest and other expenses and income taxes are not allocated to the segments, nor included in the measure of segment profit or loss. The Company does not analyze discrete segment balance sheet information related to long-term assets. Revenue and gross profit of the Company’s segments were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Revenue: Subscription business $ 52,641 $ 42,162 $ 102,870 $ 81,305 Other business 5,634 3,670 10,134 7,226 58,275 45,832 113,004 88,531 Claims expenses: Subscription business 37,664 30,111 73,987 58,621 Other business 3,345 2,355 6,209 4,449 41,009 32,466 80,196 63,070 Other cost of revenue: Subscription business 4,927 4,047 9,850 7,740 Other business 1,988 1,053 3,452 2,151 6,915 5,100 13,302 9,891 Gross profit: Subscription business 10,050 8,004 19,033 14,944 Other business 301 262 473 626 10,351 8,266 19,506 15,570 Sales and marketing: Subscription business 4,309 3,509 8,350 7,311 Other business 63 55 111 93 4,372 3,564 8,461 7,404 Technology and development 2,322 2,164 4,725 4,451 General and administrative 4,245 3,495 8,257 7,217 Operating loss $ (588 ) $ (957 ) $ (1,937 ) $ (3,502 ) The following table presents the Company’s revenue by geographic region of the member (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 United States $ 47,306 $ 36,748 $ 91,440 $ 71,225 Canada 10,969 9,084 21,564 17,306 Total revenue $ 58,275 $ 45,832 $ 113,004 $ 88,531 Substantially all of the Company’s long-lived assets were located in the United States as of June 30, 2017 and December 31, 2016 .

Nature of Operations and Summ17

Nature of Operations and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Description and Basis of Presentation [Text Block]	Description of Business and Basis of Presentation Trupanion, Inc. (collectively with its wholly-owned subsidiaries, the Company) provides medical insurance for cats and dogs throughout the United States, Canada and Puerto Rico.
Description of Business and Basis of Presentation	The financial data as of December 31, 2016 was derived from the Company's audited consolidated financial statements. The accompanying unaudited interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) and, in management's opinion, have been prepared on the same basis as the audited financial statements and include all adjustments, consisting of normal recurring adjustments, necessary for the fair presentation of the Company's financial position, results of operations, comprehensive income (loss), and cash flows for the interim periods. These unaudited interim consolidated financial statements should be read in conjunction with the Company’s audited financial statements included in the Company’s Annual Report on Form 10-K, filed with the U.S Securities and Exchange Commission on February 15, 2017 (the 2016 10-K). The Company's accounting policies are described in Note 1 to the financial statements included in the 2016 10-K. Operating results for the three and six months ended June 30, 2017 are not necessarily indicative of the results that may be expected for the full fiscal year or any other interim period.
Reclassifications [Text Block]	Reclassifications Certain prior year amounts have been reclassified within the Company’s consolidated financial statements from their original presentation to conform to the current period presentation.
Use of Estimates [Policy Text Block]	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from such estimates. See Note 1 to the audited financial statements included in the 2016 10-K for additional discussion of these estimates and assumptions.
Comprehensive Income, Policy [Policy Text Block]	Accumulated Other Comprehensive Loss There were no reclassifications out of accumulated other comprehensive loss during the three and six months ended June 30, 2017 and 2016 .
New Accounting Pronouncements, Policy [Policy Text Block]	Accounting Pronouncements Adopted During Period In November 2015, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) amending the accounting for income taxes and requiring all deferred tax assets and liabilities be classified as non-current in the consolidated balance sheets. The Company adopted this ASU as of January 1, 2017 and has retrospectively applied the provisions of this standard. In March 2016, the FASB issued an ASU amending the accounting for employee share-based payments, including income tax recognition and classification. The Company adopted this ASU as of January 1, 2017. As a result, the Company has elected to use actual forfeitures in the estimate of stock-based compensation expense. Additionally, the guidance related to the accounting for excess tax benefits and deficiencies resulted in an initial adjustment as of January 1, 2017 to the Company's net operating loss deferred tax asset to eliminate the Company's existing windfall pool amounting to $4.3 million , which was offset by an adjustment to the Company's valuation allowance. Finally, tax withholding of shares will be allowed up to the employee's maximum individual tax rate in the relevant jurisdiction without resulting in liability classification of the award, subject to the Company's internal policies for making this election. Recent Accounting Pronouncements In February 2016, the FASB issued an ASU amending the lease presentation guidance. The ASU requires organizations that lease assets to recognize the rights and obligations created by those leases on the consolidated balance sheets. This ASU is effective for fiscal years beginning after December 15, 2018 including interim periods within that reporting period, with early adoption permitted. The Company plans to adopt this guidance as of January 1, 2019. The Company has determined this guidance will require recognition of a lease liability and corresponding asset on the consolidated balance sheets equal to the present value of minimum lease payments. The carrying amount of the asset is derived from the amount of the lease liability at the end of each reporting period.

Fair Value Notes Receivable (Po

Fair Value Notes Receivable (Policies)	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	As of June 30, 2017, the Company's other long-term assets balance included a $2.6 million note receivable, recorded at its estimated collectible amount, plus accrued interest. The Company estimates that the carrying value of the note receivable approximates the fair value. The estimated fair value represents a Level 3 measurement within the fair value hierarchy, and is based on market interest rates and the assessed creditworthiness of the third party.

Claims Reserve Claims Reserve (

Claims Reserve Claims Reserve (Policies)	6 Months Ended
	Jun. 30, 2017
Claims Reserve [Abstract]
Liability Reserve Estimate, Policy [Policy Text Block]	The estimate, which involves actuarial projections, is based on management's assessment of facts and circumstances currently known, and assumptions about anticipated claims patterns, including expected future trends in claims severity and frequency. Reserve estimates are continually refined as claims are reported and settled.

Net Loss per Share (Tables)

Net Loss per Share (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share, Basic and Diluted [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The components of basic and diluted earnings per share were as follows: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (in thousands, except per share data) Basic earnings per share: Net income (loss) $ 411 $ (964 ) $ (1,071 ) $ (3,536 ) Shares used in computation: Weighted average common shares outstanding 29,510,907 28,348,348 29,383,502 28,173,798 Basic earnings per share $ 0.01 $ (0.03 ) $ (0.04 ) $ (0.13 ) Diluted earnings per share: Net income (loss) $ 411 $ (964 ) $ (1,071 ) $ (3,536 ) Shares used in computation: Weighted average common shares outstanding 29,510,907 28,348,348 29,383,502 28,173,798 Stock options 2,511,012 — — — Restricted stock awards and units 351,668 — — — Warrants 361,037 — — — Weighted average number of shares 32,734,624 28,348,348 29,383,502 28,173,798 Diluted earnings per share $ 0.01 $ (0.03 ) $ (0.04 ) $ (0.13 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	The following potentially dilutive equity securities were not included in the diluted earnings per common share calculation because they would have had an antidilutive effect: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Stock options 1,035,163 4,338,867 4,207,577 4,338,867 Restricted stock awards and units — 472,238 351,668 472,238 Warrants — 869,999 810,000 869,999

Investment Securities Available

Investment Securities Available-for-Sale (Tables)	6 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Investment [Table Text Block]	The amortized cost, gross unrealized holding gains and losses, and fair value of available-for-sale and short-term investments by major security type and class of security were as follows as of June 30, 2017 and December 31, 2016 (in thousands): Amortized Gross Gross Fair As of June 30, 2017 Available-for-sale: Foreign deposits $ 1,829 $ — $ — $ 1,829 Municipal bond 1,000 — — 1,000 $ 2,829 $ — $ — $ 2,829 Short-term investments: U.S. treasury securities $ 5,786 $ — $ (3 ) $ 5,783 Certificates of deposit 709 1 — 710 U.S. government funds 26,070 — — 26,070 $ 32,565 $ 1 $ (3 ) $ 32,563 Amortized Gross Gross Fair As of December 31, 2016 Available-for-sale: Foreign deposits $ 1,587 $ — $ — $ 1,587 Municipal bond 1,000 — (8 ) 992 $ 2,587 $ — $ (8 ) $ 2,579 Short-term investments: U.S. treasury securities $ 5,791 $ — $ — $ 5,791 Certificates of deposit 707 — — 707 U.S. government funds 23,072 — — 23,072 $ 29,570 $ — $ — $ 29,570
Available-for-sale Securities [Table Text Block]	Maturities of debt securities classified as available-for-sale were as follows (in thousands): June 30, 2017 Amortized Fair Available-for-sale: Due under one year $ — $ — Due after one year through five years 1,829 1,829 Due after five years through ten years 1,000 1,000 Due after ten years — — $ 2,829 $ 2,829

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair value, asset & liabilities measured on recurring basis [Table Text Block]	The following table summarizes, by major security type, the Company's assets that are measured at fair value on a recurring basis, and placement within the fair value hierarchy (in thousands): As of June 30, 2017 Fair Value Level 1 Level 2 Assets Restricted cash $ 600 $ 600 $ — Foreign deposits 1,829 1,829 — Municipal bond 1,000 — 1,000 Money market funds 4,871 4,871 — Total $ 8,300 $ 7,300 $ 1,000 As of December 31, 2016 Fair Value Level 1 Level 2 Assets Restricted cash $ 600 $ 600 $ — Foreign deposits 1,587 1,587 — Municipal bond 992 — 992 Money market funds 7,033 7,033 — Total $ 10,212 $ 9,220 $ 992

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	The following table presents information regarding stock options granted, exercised and forfeited for the periods presented: Number Of Options Weighted-Average Exercise Price Aggregate Intrinsic Value (in thousands) Outstanding as of December 31, 2016 4,123,023 $ 5.06 $ 43,185 Granted 628,589 17.47 Exercised (494,970 ) 3.33 6,601 Forfeited (49,065 ) 10.22 Outstanding as of June 30, 2017 4,207,577 7.05 64,482 Vested and Exercisable at June 30, 2017 2,871,578 $ 3.67 $ 53,737
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Stock-based compensation expense includes stock options and restricted stock awards and units granted to employees and non-employees and has been reported in the Company’s consolidated statements of operations as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (in thousands) Claims expenses $ 89 $ 57 $ 159 $ 115 Other cost of revenue 60 9 103 17 Sales and marketing 198 165 385 247 Technology and development 59 36 109 91 General and administrative 482 476 913 969 Total stock-based compensation expense $ 888 $ 743 $ 1,669 $ 1,439

Claims Reserve (Tables)

Claims Reserve (Tables)	6 Months Ended
	Jun. 30, 2017
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid [Abstract]
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]	Summarized below are the changes in the total liability for the Company's subscription business segment: Six Months Ended June 30, 2017 2016 (in thousands) Claims reserve at beginning of year $ 8,538 $ 5,384 Claims incurred during the period related to: Current year 74,244 58,162 Prior years (257 ) 459 Total claims incurred 73,987 58,621 Claims paid during period related to: Current year 65,549 51,844 Prior years 7,138 5,415 Total claims paid 72,687 57,259 Non-cash claims expense 229 187 Claims reserve at end of period $ 9,609 $ 6,559 The Company’s claim reserve for the subscription business segment increased $1.1 million from $8.5 million at December 31, 2016 to $9.6 million at June 30, 2017 . This change was comprised of $74.0 million in claims expense incurred during the period less $72.7 million in claims expense paid during the period. The $74.0 million in claims expense incurred includes a reduction of $0.3 million to the reserves relating to prior years. The change is the result of ongoing analysis of recent claims trends. Original estimates are increased or decreased as additional information becomes known regarding individual claims. Summarized below are the changes in total liability for the Company's other business segment: Six Months Ended June 30, 2017 2016 (in thousands) Claims reserve at beginning of year $ 983 $ 890 Claims incurred during the period related to: Current year 6,337 4,427 Prior years (128 ) 22 Total claims incurred 6,209 4,449 Claims paid during period related to: Current year 5,217 3,484 Prior years 764 832 Total claims paid 5,981 4,316 Non-cash claims expense — — Claims reserve at end of period $ 1,211 $ 1,023 The Company’s claim reserve for the other business segment increased $0.2 million from $1.0 million at December 31, 2016 to $1.2 million at June 30, 2017 . This change was comprised of $6.2 million in claims expense incurred during the period less $6.0 million in claims expense paid during the period. The $6.2 million in claims expense incurred includes a reduction of $0.1 million to the reserves relating to prior years. The change is the result of ongoing analysis of recent claims trends. Original estimates are increased or decreased as additional information becomes known regarding individual claims.
IBRN plus expected development on reported claims[Table Text Block]	The total claims reserve as of June 30, 2017 for the subscription business segment relates to activity incurred during the years as follows (in thousands): As of June 30, 2017 Year Incurred 2015 $ 229 2016 913 2017 8,467 $ 9,609 The total claims reserve as of June 30, 2017 for the other business segment relates to activity incurred during the years as follows (in thousands): As of June 30, 2017 Year Incurred 2015 $ 2 2016 88 2017 1,121 $ 1,211

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Revenue and Gross Profit from Segments [Table Text Block]	Revenue and gross profit of the Company’s segments were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Revenue: Subscription business $ 52,641 $ 42,162 $ 102,870 $ 81,305 Other business 5,634 3,670 10,134 7,226 58,275 45,832 113,004 88,531 Claims expenses: Subscription business 37,664 30,111 73,987 58,621 Other business 3,345 2,355 6,209 4,449 41,009 32,466 80,196 63,070 Other cost of revenue: Subscription business 4,927 4,047 9,850 7,740 Other business 1,988 1,053 3,452 2,151 6,915 5,100 13,302 9,891 Gross profit: Subscription business 10,050 8,004 19,033 14,944 Other business 301 262 473 626 10,351 8,266 19,506 15,570 Sales and marketing: Subscription business 4,309 3,509 8,350 7,311 Other business 63 55 111 93 4,372 3,564 8,461 7,404 Technology and development 2,322 2,164 4,725 4,451 General and administrative 4,245 3,495 8,257 7,217 Operating loss $ (588 ) $ (957 ) $ (1,937 ) $ (3,502 )
Revenue from External Customers by Geographic Areas [Table Text Block]	The following table presents the Company’s revenue by geographic region of the member (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 United States $ 47,306 $ 36,748 $ 91,440 $ 71,225 Canada 10,969 9,084 21,564 17,306 Total revenue $ 58,275 $ 45,832 $ 113,004 $ 88,531

Nature of Operations and Summ26

Nature of Operations and Summary of Significant Accounting Policies (Details) Narrative - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	$ 0	$ 0	$ 0	$ 0
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification			$ 4.3

Net Loss per Share (Details) Co

Net Loss per Share (Details) Computation of Net Income (Loss) Per Share - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Net income (loss)	$ 411	$ (964)	$ (1,071)	$ (3,536)
Weighted Average Number of Shares Outstanding, Basic	29,510,907	28,348,348	29,383,502	28,173,798
Weighted Average Number of Shares Outstanding, Diluted	32,734,624	28,348,348	29,383,502	28,173,798
Earnings Per Share [Abstract]
Earnings Per Share, Basic	$ 0.01	$ (0.03)	$ (0.04)	$ (0.13)
Earnings Per Share, Diluted	$ 0.01	$ (0.03)	$ (0.04)	$ (0.13)
Employee Stock Option [Member]
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Weighted Average Number Diluted Shares Outstanding Adjustment	2,511,012	0	0	0
Restricted Stock Units (RSUs) [Member]
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Weighted Average Number Diluted Shares Outstanding Adjustment	351,668	0	0	0
Warrant [Member]
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Weighted Average Number Diluted Shares Outstanding Adjustment	361,037	0	0	0

Net Loss per Share (Details) Sc

Net Loss per Share (Details) Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,035,163	4,338,867	4,207,577	4,338,867
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	472,238	351,668	472,238
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	869,999	810,000	869,999

Investment Securities (Details)

Investment Securities (Details) Investment Schedule - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Investment [Line Items]
Available-for-sale securities, amortized cost	$ 2,829	$ 2,587
Available-for-sale Securities, Gross Unrealized Gain	0	0
Available-for-sale Securities, Gross Unrealized Loss	0	(8)
Available-for-sale securities, fair value	2,829	2,579
Short-term investments, amortized cost	32,565	29,570
Short-term Investments, Gross Unrealized Holding Gains	1	0
Short-term investments, gross unrealized holding losses	(3)	0
Short-term Investments, fair value	32,563	29,570
Deposits [Member]
Investment [Line Items]
Available-for-sale securities, amortized cost	1,829	1,587
Available-for-sale Securities, Gross Unrealized Gain	0	0
Available-for-sale Securities, Gross Unrealized Loss	0	0
Available-for-sale securities, fair value	1,829	1,587
Municipal Bonds [Member]
Investment [Line Items]
Available-for-sale securities, amortized cost	1,000	1,000
Available-for-sale Securities, Gross Unrealized Gain	0	0
Available-for-sale Securities, Gross Unrealized Loss	0	(8)
Available-for-sale securities, fair value	1,000	992
U.S. Treasury securities
Investment [Line Items]
Short-term investments, amortized cost	5,786	5,791
Short-term Investments, Gross Unrealized Holding Gains	0	0
Short-term investments, gross unrealized holding losses	(3)	0
Short-term Investments, fair value	5,783	5,791
Certificates of deposit
Investment [Line Items]
Short-term investments, amortized cost	709	707
Short-term Investments, Gross Unrealized Holding Gains	1	0
Short-term investments, gross unrealized holding losses	0	0
Short-term Investments, fair value	710	707
US government debt securities
Investment [Line Items]
Short-term investments, amortized cost	26,070	23,072
Short-term Investments, Gross Unrealized Holding Gains	0	0
Short-term investments, gross unrealized holding losses	0	0
Short-term Investments, fair value	$ 26,070	$ 23,072

Investment Securities (Detail30

Investment Securities (Details) Available-for-Sale $ in Thousands	Jun. 30, 2017USD ($)
Investments, Debt and Equity Securities [Abstract]
Available-for-sale securities, debt maturities, next twelve months, amortized cost basis	$ 0
Available-for-sale securities, debt maturities, next twelve months, fair value	0
Available-for-sale securities, debt maturities, year two through five, amortized cost basis	1,829
Available-for-sale securities, debt maturities, year two through five, fair value	1,829
Available-for-sale securities, debt maturities, year six through ten, amortized cost basis	1,000
Available-for-sale securities, debt maturities, year six through ten, fair value	1,000
Available-for-sale securities, debt maturities, after ten years, amortized cost basis	0
Available-for-sale securities, debt maturities, after ten years, fair value	0
Available-for-sale securities, amortized cost	2,829
Available-for-sale securities, debt maturities, fair value	$ 2,829

Fair Value (Details) Unobservab

Fair Value (Details) Unobservable - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted Cash	$ 600	$ 600
Marketable Securities, Noncurrent	2,829	2,579
Assets, Fair Value Disclosure	8,300	10,212
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	7,300	9,220
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	1,000	992
Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted Cash	600	600
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted Cash	600	600
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted Cash	0	0
Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities, Noncurrent	1,829	1,587
Deposits [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities, Noncurrent	1,829	1,587
Deposits [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities, Noncurrent	0	0
Municipal bond
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities, Noncurrent	1,000	992
Municipal bond | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities, Noncurrent	0	0
Municipal bond | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities, Noncurrent	1,000	992
Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	4,871	7,033
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	4,871	7,033
Money Market Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	$ 0	$ 0

Fair Value (Details) Narrative

Fair Value (Details) Narrative $ in Millions	Jun. 30, 2017USD ($)
Fair Value Disclosures [Abstract]
Notes Receivable, Fair Value Disclosure	$ 2.6

Debt (Details) Narrative

Debt (Details) Narrative - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Line of credit facility, interest rate description	greater of 4.5%, or 1.25% plus the prime rate
Line of Credit Facility, Maximum Amount Outstanding During Period	$ 30	$ 30
Line of Credit Facility, Ancillary Services and Letter of Credit	4.5	3
Line of Credit Facility, Ancillary Services and Letter of Credit	1.5	1.6
Restricted Cash and Cash Equivalents	0.6	$ 0.6
Long-term Line of Credit, Noncurrent	6.5
Line of Credit Financing Fee	0.2
Line of Credit Facility, Remaining Borrowing Capacity	$ 22

Stock-based Compensation (Detai

Stock-based Compensation (Details) Options Granted, Exercised and Forfeited - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation, options, outstanding, number of shares	4,207,577	4,123,023
Stock-based compensation, options, granted, number of options	628,589
Stock-based compensation, options, exercised	(494,970)
Stock-based compensation, options, forfeited	(49,065)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number	2,871,578
Stock-based compensation, options, outstanding, weighted-average exercise price	$ 7.05	$ 5.06
Stock-based compensation, options, granted, weighted-average exercise price	17.47
Stock-based compensation, options, exercised, weighted-average exercise price	3.33
Stock-based compensation, options, forfeited, weighted-average exercise price	10.22
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	$ 3.67
Stock-based compensation, options, outstanding, aggregate intrinsic value	$ 64,482	$ 43,185
Stock-based compensation, options, exercised, aggregate intrinsic value	6,601
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$ 53,737

Stock-based Compensation (Det35

Stock-based Compensation (Details) Expense Category - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Stock-based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost	$ 888	$ 743	$ 1,669	$ 1,439
Claims expense
Stock-based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost	89	57	159	115
Other Cost of Revenue
Stock-based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost	60	9	103	17
Sales and marketing
Stock-based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost	198	165	385	247
Technology and development
Stock-based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost	59	36	109	91
General and administrative
Stock-based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost	$ 482	$ 476	$ 913	$ 969

Stock-based Compensation (Det36

Stock-based Compensation (Details) Narrative $ in Millions	6 Months Ended
	Jun. 30, 2017USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining contractual life, share-based payments, weighted average	5 years 11 months
Share-based compensation arrangement by share-based payment award, options, nonvested, number of shares	1,335,999
Restricted stock, outstanding	351,668
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized | $	$ 7.8
Share-based compensation arrangement and non-employee, weighted average remaining vesting period	2 years 8 months

Claims Reserve (Details) Claims

Claims Reserve (Details) Claims Loss Roll-forward - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Subscription business
Supplementary Insurance Information, by Segment [Line Items]
Claims Reserve	$ 9,609	$ 6,559	$ 8,538	$ 5,384
Current Year Claims Incurred	74,244	58,162
Prior Year Claims Incurred	(257)	459
Total Claims Incurred	73,987	58,621
Current Year Claims Paid	65,549	51,844
Prior Years Claims Paid	7,138	5,415
Total Claims Paid	72,687	57,259
Claims expense non-cash	229	187
Claims Reserve by Loss Year
Incurred but Not Reported (IBNR) Claims Liability	9,609
Other business
Supplementary Insurance Information, by Segment [Line Items]
Claims Reserve	1,211	1,023	$ 983	$ 890
Current Year Claims Incurred	6,337	4,427
Prior Year Claims Incurred	(128)	22
Total Claims Incurred	6,209	4,449
Current Year Claims Paid	5,217	3,484
Prior Years Claims Paid	764	832
Total Claims Paid	5,981	4,316
Claims expense non-cash	0	$ 0
Claims Reserve by Loss Year
Incurred but Not Reported (IBNR) Claims Liability	1,211
Short-duration Insurance Contracts, Accident Year 2015 [Member] | Subscription business
Claims Reserve by Loss Year
Incurred but Not Reported (IBNR) Claims Liability	229
Short-duration Insurance Contracts, Accident Year 2015 [Member] | Other business
Claims Reserve by Loss Year
Incurred but Not Reported (IBNR) Claims Liability	2
Short-duration Insurance Contracts, Accident Year 2016 [Member] | Subscription business
Claims Reserve by Loss Year
Incurred but Not Reported (IBNR) Claims Liability	913
Short-duration Insurance Contracts, Accident Year 2016 [Member] | Other business
Claims Reserve by Loss Year
Incurred but Not Reported (IBNR) Claims Liability	88
Short duration insurance contracts accident year 2017 [Member] | Subscription business
Claims Reserve by Loss Year
Incurred but Not Reported (IBNR) Claims Liability	8,467
Short duration insurance contracts accident year 2017 [Member] | Other business
Claims Reserve by Loss Year
Incurred but Not Reported (IBNR) Claims Liability	$ 1,121

Claims Reserve (Details) Narrat

Claims Reserve (Details) Narrative - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Supplementary Insurance Information, by Segment [Line Items]
Increase (Decrease) in Claims Reserve and Loss Adjustment	$ 1,259	$ 1,244
Subscription business
Supplementary Insurance Information, by Segment [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	1,100
Current Year Claims Incurred	74,244	58,162
Current Year Claims Paid	65,549	51,844
Claims expense non-cash	229	187
Claims Reserve	9,609	6,559	$ 8,538	$ 5,384
Prior Years Claims Paid	7,138	5,415
Other business
Supplementary Insurance Information, by Segment [Line Items]
Liability for Unpaid Claims and Claims Adjustment Expense, Period Increase (Decrease)	200
Current Year Claims Incurred	6,337	4,427
Current Year Claims Paid	5,217	3,484
Claims expense non-cash	0	0
Claims Reserve	1,211	1,023	$ 983	$ 890
Prior Years Claims Paid	$ 764	$ 832

Equity Method Investment (Detai

Equity Method Investment (Details) $ in Millions	3 Months Ended
	Jun. 30, 2017USD ($)
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investment, Realized Gain (Loss) on Disposal	$ 1

Segments (Details) Business Seg

Segments (Details) Business Segment - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Segment Reporting Information [Line Items]
Revenue	$ 58,275	$ 45,832	$ 113,004	$ 88,531
Claims expenses	41,009	32,466	80,196	63,070
Other cost of revenue	6,915	5,100	13,302	9,891
Gross profit	10,351	8,266	19,506	15,570
Sales and marketing	4,372	3,564	8,461	7,404
Technology and Development	2,322	2,164	4,725	4,451
General and administrative	4,245	3,495	8,257	7,217
Operating loss	(588)	(957)	(1,937)	(3,502)
Subscription business
Segment Reporting Information [Line Items]
Revenue	52,641	42,162	102,870	81,305
Claims expenses	37,664	30,111	73,987	58,621
Other cost of revenue	4,927	4,047	9,850	7,740
Gross profit	10,050	8,004	19,033	14,944
Sales and marketing	4,309	3,509	8,350	7,311
Other business
Segment Reporting Information [Line Items]
Revenue	5,634	3,670	10,134	7,226
Claims expenses	3,345	2,355	6,209	4,449
Other cost of revenue	1,988	1,053	3,452	2,151
Gross profit	301	262	473	626
Sales and marketing	$ 63	$ 55	$ 111	$ 93

Segments (Details) Revenue by G

Segments (Details) Revenue by Geography - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Segment Reporting Information [Line Items]
Revenues	$ 58,275	$ 45,832	$ 113,004	$ 88,531
CANADA
Segment Reporting Information [Line Items]
Revenues	10,969	9,084	21,564	17,306
UNITED STATES
Segment Reporting Information [Line Items]
Revenues	$ 47,306	$ 36,748	$ 91,440	$ 71,225