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Kyle Sobotta photo
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Paul Sobotta, CLU®, ChFC®, CFP®, RICP®

Financial Planner

CA Insurance Lic. #4169793

 

Kyle Sobotta, CFP®

Financial Planner

 

Prudential Advisors

205 Washington Street

Arcadia, WI 54612

 

Phone:  608-323-7032

Fax:      608-323-7964

 

Email: paul.sobotta@prudential.com

           kyle.sobotta@prudential.com

 

Website: www.prudential.com/advisor/paul-sobotta

              www.prudential.com/advisor/kyle-sobotta

September/October 2022

Pet Insurance: Growing in Popularity

Pet Insurance 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

1060038-00001-00


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Paul Sobotta and Kyle Sobotta are Financial Planners with, and offer securities and investment advisory services through LPL Enterprise (LPLE), a Registered Investment Advisor, Member FINRA/SIPC, and an affiliate of LPL Financial.
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