Michael Bill, CEO of MJ Insurance.
MJ Insurance shows record revenue and growth
MJ Insurance, one of the nation’s largest privately-held insurance agencies, had a record-setting year in fiscal 2015 reporting more than $29 million in revenue – a 9 percent increase year-over-year and the highest the firm has ever recorded.
MJ’s fiscal year runs from September to September and for 2015, MJ saw continued growth in both employee benefits and in property and casualty revenues. MJ Insurance, which celebrated its 51st anniversary in June, has never reported a loss in five decades.
In 2015, MJ recorded a 14 percent increase in employee benefits business and a seven percent increase in property and casualty business. With offices in Indiana and Arizona, MJ Insurance also reported impressive new business activity increasing more than 34 percent over the prior year.
“We finished the year strong and we are looking forward to 2016,” said Michael H. Bill, CEO of MJ Insurance. “Our value proposition to clients will continue to be refined and honed to reflect the dynamic changes occurring in the industry.”
Notable business achievements from 2015 include the launch of a new website and a partnership with MJ and Butler University that will establish a student-run insurance company within the Butler University College of Business. The experiential program will be fully-operational by the 2019-2020 academic year and is designed to prepare future leaders in the insurance industry.
MJ Insurance is a property-casualty and employee benefits agency that, since 1964, has grown from a two-person start-up to an agency with more than 140 employees in both Phoenix and Indianapolis.
MJ Insurance specializes in a diverse selection of unique service lines including construction, energy, transportation, real estate, manufacturing, sororities and mining. MJ also offers complete employee benefits programs including major medical, group disability, group life and onsite employer clinics. MJ Insurance currently has clients in 16 countries and in every U.S. state.