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Sep 7, 2023

Let’s Celebrate! Pet Benefit Solutions Listed on the Inc. 5000 for 5th Year in a Row

The Inc. 5000 is a list of America’s fastest-growing companies, and Pet Benefit Solutions is in for the fifth year in a row! The numbers are impressive, but it’s our incredible company culture that drives our growth.

$358 billion in 2022 revenue. 5000 businesses. 1,187,266 jobs created. The Inc. 5000 is THE definitive list of America’s fastest-growing businesses. Which is why we’re so excited to announce that we made the list for the fifth year in a row!

We’re proud to share the spotlight this year with other top industry leaders, such as Optimum, Prestige, and ebm. The Inc. 5000 is unquestionably the who’s who of the rising business world.

The numbers behind the number

Our three-year revenue growth was an impressive 140%. But that’s not all we’re proud of! Behind that 140% is all-around excellence, expansion, and innovation.

2022 was an incredible year! We grew our customer service and account management teams to better serve our growing client base. Our groups enjoyed an improved member experience and more streamlined group onboarding. We added more partnerships to our pre-built enrollment experiences, integrating with several enrollment platforms, including Mercer Marketplace 365+ and PlanSource Partner Marketplace.

And consider these stats:

  • Our group renewal rate is now 98.2%, up from 96% for the last two years.
  • Active employee benefit subscriptions as of 1/1/2023 are up 50% from the previous year.
  • Pet Benefit Solutions has more than doubled the number of new groups we had last year.
  • As of January, our Wishbone Pet Insurance plan protects more than double the number of pets than it did last January.

Relationships are everything

But the numbers still aren’t the real story. It’s our core values and company culture that truly drive our success.

The heart of our value system is cherishing the bond that people share with their pets. Our voluntary benefits empower pet parents to protect their pets’ health without worrying about prohibitive pet care costs.

The people-pet relationship is our primary focus, but not the only one! Valuing relationships informs every aspect of our business. It’s the value that drives our partnerships with like-minded businesses, veterinarians, HR professionals, and brokers.

And it’s behind the supportive culture we build in the office. We show esteem for our employees by empowering their growth and embracing their innovative ideas. More than anything else, they are the secret behind our 5-year Inc. 5000 streak!

Looking forward

Five years on the Inc. 5000 is a terrific achievement, but we’re not done yet – we still have big goals!

“We’re proud of our progress and how we’ve helped employers and their pet families,” says Rachel Ostreicher, PBS COO. “And we’re excited to roll out even more innovations that will strengthen the people-pet bond!”

Join us as we continue to revolutionize the pet benefits marketplace.

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