Openly Revenue, Growth & Competitor Profile

Company Profile & Annual Report for Openly

Access the complete profile.

Openly Fast Facts

Revenue	Over $500 million    See Exact Annual Revenue
Employees	100 - 500Exact Company Size
Primary Industry	5241 Insurance Carriers
Additional NAICS Codes	52421 Insurance Agencies & Brokers
Address	131 Dartmouth Street 3rd Floor Boston, MA 02116

Note: Revenues for privately held companies are statistical evaluations.


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

• What is the company's size? (Annual sales and employees)
  • Openly's annual revenues are Over $500 million (see exact revenue data)
• What industry is the company in?
  • Openly is classified as operating in the Insurance Carriers industry, NAICS Code 5241.

Openly Annual Revenue and Growth Rate

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

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

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

Openly's Income Statement (based on Industry Averages)

Openly 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

Investor Activity

Openly has actively raised capital from investors. These investors may include private investors, venture capital firms, or other investment vehicles.

Date	Investors	Percent Raised	Target Size
June 19, 2020	31	100%	$15 MM
Complete list of funding rounds and total amounts in the Company Report

Trademark Applications

Trademark applications show the products and services that Openly is developing and marketing. Openly doesn't have any recent trademark applications, indicating Openly 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
OPENLY Insurance services, namely, underwriting, brokering, issuing and administration in the fields of automobile insurance, vehicle insurance, renters insurance, life insurance, and commercial insurance	02/28/2018

See all trademarks and details in the Full Report.

Market Share of Openly's Largest Competitors

A competitive analysis shows these companies are in the same general field as Openly, 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)
CENTRUM VALLEY HOLDINGS	Clarion, IA	100
ELEVANCE HEALTH	Indianapolis, IN	44
SECURIAN LIFE INSURANCE	Saint Paul, MN	33
ATH HOLDING	Indianapolis, IN	31
HUMANA	Louisville, KY	30
STATE FARM MUTUAL AUTOMOBILE INSURANCE	Bloomington, IL	26
AMALGAMATED LIFE INSURANCE COMPANY EMPLOYEE BENEFIT FUND	White Plains, NY	25
PRUDENTIAL INSURANCE	Newark, NJ	24
AMERICAN INTERNATIONAL GROUP	New York, NY	13

Nearby Competitors

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

Company	Headquarters	Revenue ($ MM)
MANUFACTURERS INVESTMENT	Boston, MA	100
JOHN HANCOCK VARIABLE TRUST ADVISERS	Boston, MA	99
PLYMOUTH ROCK ASSURANCE	Boston, MA	32
BERKSHIRE HATHAWAY SPECIALTY INSURANCE	Boston, MA	16
OPENLY	Boston, MA	12
SAFETY INSURANCE GROUP	Boston, MA	9

Future Competition: Openly's Fastest Growing Competitors

These companies are in the same general field as Openly 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)