Andover Revenue, Growth & Competitor Profile

DBA MERRIMACK MUTUAL FIRE INSURANCE CO.

Company Profile & Annual Report for Andover

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Andover Fast Facts

Revenue	$100 - $500 million    See Exact Annual Revenue
Employees	100 - 500Exact Company Size
Primary Industry	52421 Insurance Agencies & Brokers
Additional NAICS Codes	5242 Insurance Agencies & Brokerages
Address	95 Old River Road Andover, MA 01810

Note: Revenues for privately held companies are statistical evaluations.


Andover's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Andover's annual revenues are $100 - $500 million (see exact revenue data)
• What industry is the company in?
  • Andover is classified as operating in the Insurance Agencies & Brokers industry, NAICS Code 52421.

Andover Annual Revenue and Growth Rate

Andover	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	$100 - $500 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Andover's revenues are gauged from an analysis of company filings.

Andover's Income Statement (based on Industry Averages)

Andover P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Trademark Applications

Trademark applications show the products and services that Andover is developing and marketing. Andover doesn't have any recent trademark applications, indicating Andover is focusing on its existing business rather than expanding into new products and markets. Trademarks may include brand names, product names, logos and slogans.

Trademark	Date
ASKANDY Cloud computing featuring software for service automation for use by insurance agents and insureds; Application Service Provider (ASP) featuring software using artificial intelligence for service automation for use by insurance agents and insureds; Providing a website featuring nondownloadable software using artificial intelligence for service automation; Providing temporary use of online non-downloadable software in the nature of a chatbot utilizing artificial intelligence and natural language processing in order to provide information, advice, and consultancy related to and for use by insurance agents and insureds	06/17/2022
ASKANDOVER Cloud computing featuring software for service automation for use by insurance agents and insureds; Application Service Provider (ASP) featuring software using artificial intelligence for service automation for use by insurance agents and insureds; Providing a website featuring nondownloadable software using artificial intelligence for service automation; Providing temporary use of online non-downloadable software in the nature of a chatbot utilizing artificial intelligence and natural language processing in order to provide information, advice, and consultancy related to and for use by insurance agents and insureds	06/15/2022
THE ANDOVER COMPANIES 18 28 insurance underwriting services for all types of insurance	04/28/2021

See all trademarks and details in the Full Report.

Market Share of Andover's Largest Competitors

A competitive analysis shows these companies are in the same general field as Andover, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
SAGEWELL HEALTHCARE BENEFITS TRUST	Pittsburgh, PA	100
LOS ANGELES CITY EMPLOYEES ASSN.	Los Angeles, CA	10
SEQUOIA ONE PEO	Tempe, AZ	5
ARTHUR J. GALLAGHER	Itasca, IL	4
MARSH & MCLENNAN COMPANIES	New York, NY	4
WILLIS NORTH AMERICA	Nashville, TN	3
IOWA BANKERS MORTGAGE	Johnston, IA	3
LOCKTON	Kansas City, MO	2
HUB INTERNATIONAL LIMITED	Chicago, IL	2

Nearby Competitors

These companies are similar in business line and location to Andover. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
MUTUAL FIRE INSURANCE ASSOCIATION OF NEW ENGLAND	Wakefield, MA	100
ANDOVER	Andover, MA	36
ASSOCIATED INSURANCE MANAGEMENT	Burlington, MA	22
AMETROS FINANCIAL	Wilmington, MA	17
PATIENT FUNDING ALTERNATIVES	Wakefield, MA	10
CABOT RISK STRATEGIES	Woburn, MA	8

Future Competition: Andover's Fastest Growing Competitors

These companies are in the same general field as Andover and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)