U.S. Pet Insurance Market Growth Slows In 2025, But Still Robust

Markit3.73K FollowersFollow5ShareSavePlay(5min)CommentsSummaryThe US pet insurance market once again expanded by more than 10% in 2025, a feat that it has achieved every year since at least 2018.The pet insurance industry's net loss ratio, which has remained almost flat since 2017, improved modestly to 74.2% in 2025 from 76.1% in the prior year.A majority of the biggest pet insurers in the US also saw double-digit increases in direct premiums written in 2025. Phiwath Jittamas/iStock via Getty Images The US pet insurance market once again expanded by more than 10% in 2025, a feat that it has achieved every year since at least 2018. The market recorded an 11% year-over-year increase in netThis article was written byMarkit3.73K FollowersFollowIHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.