The MJ Companies

Commercial Insurance and Benefits Consultingthemjcos.com

The MJ Companies is a privately held insurance and financial services consulting firm providing risk management, employee benefits, retirement, and total rewards advisory to mid-market and enterprise clients across the United States and 54+ countries.

Company typePrivate
Founded1964
HeadquartersCarmel, United States
Headcount101–250
GTM typeB2B
OfferingServices

What The MJ Companies does

The MJ Companies, operating legally as MJ Insurance, Inc., is a privately held financial services and insurance consulting firm founded in 1964 by Michael M. Bill and headquartered in Carmel, Indiana. The firm delivers integrated risk management, employee benefits, retirement, compensation and total rewards consulting to mid-market and enterprise clients, leveraging four regional offices in Indianapolis, Phoenix, Denver, and Nashville. MJ's wholly owned subsidiary MJ Retirement is an SEC-Registered Investment Advisor providing retirement plan consulting and investment advisory services, and the company also operates the MJ Foundation as its nonprofit charitable arm.

The company's service portfolio spans risk management (analytics, risk services, risk transfer, claims consulting, advocacy), benefits consulting and MJ Benefits+ (population health, compliance, advocacy, pharmacy management), compensation and total rewards consulting, retirement consulting including pooled employer plans, leave and absence management, captive insurance solutions, and personal insurance. At the data layer, APERTURE® is a proprietary analytics platform that visualizes data, identifies trends, and supports forecasting. Verticalized industry teams serve construction, manufacturing, healthcare, nonprofits, education, energy and mining, transportation, recycling, farm-to-fork, sorority, and Japanese-owned businesses, with geographic reach stated at more than 54 countries and every US state.

MJ generates revenue through professional services consulting fees and insurance carrier commissions from placing commercial and personal coverage. The go-to-market is sales-led and field-driven, supported by a Director of Sales Enablement function, plus event-driven engagement through webinars, seminars, and community events, and content marketing via the MJ Insight blog and reFRAME resource center. With 60+ years of continuous operation and founder/family ownership (Michael H. Bill serves as CEO), MJ is positioned as one of America's largest privately held insurance agencies, with no disclosed institutional investment, public listing, or external parent entity.

The MJ Companies firmographics

Firmographics

Name: The MJ Companies
Legal name: MJ Insurance, Inc.
Website: https://themjcos.com
Company type: Private
Founded year: 1964
Operating status: Operating
Headcount range: 101–250 employees
Short description: The MJ Companies is a privately held insurance and financial services consulting firm providing risk management, employee benefits, retirement, and total rewards advisory to mid-market and enterprise clients across the United States and 54+ countries.
Ownership category
akta.pro rank

Where The MJ Companies is headquartered

Location

Headquarters

HQ city: Carmel
HQ country: United States
HQ region: North America

Offices4 records

Markets served

The MJ Companies business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

Insurance and Benefits Consulting Services: The MJ Companies generates revenue through consulting fees for risk management, employee benefits, retirement, compensation, and total rewards consulting services. The firm works with diverse clients ranging from local businesses to national corporations and collaborates with top insurance carriers to provide tailored solutions.
Insurance Products Distribution: As an insurance agency, MJ earns commissions from placing commercial and personal insurance coverage with insurance carriers for their clients.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels10 records

The MJ Companies product offering

Product offering

Core offering

The MJ Companies is a privately held insurance, financial services, and benefits consulting firm that places commercial and personal insurance with top-rated carriers and delivers integrated advisory services spanning risk management, employee benefits, compensation, retirement planning, and leave management. The firm combines brokerage placement with strategic consulting and uses its proprietary APERTURE analytics platform to help clients analyze data, forecast outcomes, and make informed business decisions.

Product overview

The MJ Companies is a diversified financial services consulting firm offering a comprehensive portfolio of integrated products and services. The core offering includes Risk Management (covering Analytics, Risk Services, Risk Transfer, Claims Consulting, and Advocacy), Benefits Consulting with MJ Benefits+ programs (including Population Health + Wellness, Employee Communication, Compliance, and Pharmacy Management), Retirement Consulting (with Pooled Employer Plans and Employee Resource Center), Compensation + Total Rewards Consulting, Leave + Absence Management, Captive Solutions, and Personal Insurance. Central to the portfolio is APERTURE®, a proprietary analytics platform that visualizes data, identifies trends, and delivers actionable insights. The company serves clients across multiple industries with offices in Indianapolis, Phoenix, Denver, and Nashville.

Differentiator

Problem solved

Functional benefit

Products and services

Risk Management

Companies that use The MJ Companies

Customer profile

Named customers4 records

Segments6 records

Ideal customer profiles4 records

The MJ Companies technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

The MJ Companies partnerships and signals

Strategic signal

Partnerships

Ten partnerships are on record, tiered event sponsor, notable and core.

Berkleyevent sponsorOthers · 8 May 2026Berkley, a specialized accident and health insurance provider, served as the title sponsor for the MJ Foundation's second annual Pickle for a Purpose fundraiser.
City of BouldernotableStrategic or Co-development Partner · 14 April 2026The MJ Companies announced a partnership with the City of Boulder in April 2026, expanding their presence in the Denver market and providing municipal risk management and insurance services.
ICSevent sponsorOthersEvent sponsor for MJ Foundation's Pickle for a Purpose fundraiser.
HealthJoyevent sponsorOthersEvent sponsor for MJ Foundation's Pickle for a Purpose fundraiser.
Lincoln Financialevent sponsorOthersEvent sponsor for MJ Foundation's Pickle for a Purpose fundraiser.
UnitedHealthcareevent sponsorOthersEvent sponsor for MJ Foundation's Pickle for a Purpose fundraiser.
Cignaevent sponsorOthersEvent sponsor for MJ Foundation's Pickle for a Purpose fundraiser.
BlueCross BlueShieldevent sponsorOthersEvent sponsor for MJ Foundation's Pickle for a Purpose fundraiser.
MJ Retirement (SEC-Registered Investment Advisor)coreStrategic or Co-development PartnerMJ Retirement is an SEC-Registered Investment Advisor and wholly owned subsidiary of The MJ Companies, providing retirement consulting and investment advisory services.
Record-keepers and Insurance CarrierscoreChannel Partner/ Reseller/ DistributorMJ works with various record-keepers and insurance carriers to provide retirement plans, employee benefits, and insurance products to clients.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

The MJ Companies competitors and assessment

Company assessment

Direct peers

Hub International: Large privately held insurance brokerage providing property & casualty, life & health, employee benefits, and personal insurance. Highly comparable mid-market focus and service mix to MJ.
Acrisure: Fast-growing, tech-enabled insurance brokerage that has scaled rapidly through M&A and technology investments. Comparable business model to MJ, distinguished by Acrisure's aggressive acquisition strategy and technology focus.
Alera Group: Privately held insurance and financial services firm providing employee benefits, property & casualty, retirement, and wealth services to middle-market clients. Highly comparable mid-market focus and integrated service model to MJ.
Lockton Companies: Largest privately held insurance brokerage in the U.S., offering risk management, employee benefits, and retirement consulting globally. Closest private-peer comparable to MJ given its independent, founder-influenced culture and integrated service model.
USI Insurance Services: Privately held insurance brokerage and consulting firm serving middle-market and large commercial clients with risk management, employee benefits, and retirement consulting. Closely comparable service portfolio and client focus to MJ.
Brown & Brown, Inc. Diversified publicly traded insurance brokerage and risk management firm serving commercial, personal, and program-related customers nationwide. Highly comparable business model to MJ with similar product mix.
AssuredPartners: Privately held insurance brokerage that has grown rapidly through acquisitions, providing commercial, personal, and benefits solutions across the U.S. Comparable product offering to MJ with a different (PE-backed roll-up) growth strategy.

Broad incumbents

Arthur J. Gallagher & Co. Major global insurance brokerage and risk management services company serving commercial, institutional, and individual clients. Comparable to MJ in risk management, benefits consulting, and claims advocacy offerings.
Aon plc: Global professional services firm providing risk management, insurance brokerage, reinsurance, retirement consulting, and health & benefits solutions. Closely comparable to MJ across multiple service lines including retirement consulting and benefits.
Marsh McLennan: The world's largest insurance brokerage and risk management firm, offering risk, insurance, and reinsurance brokerage plus consulting services to enterprise clients globally. Directly comparable to MJ's risk management and insurance placement offerings, though at vastly greater scale.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks4 records

Key highlights7 records

Customer concentration

The MJ Companies financial estimates

Financial estimate

Revenue estimate

Valuation estimate

The MJ Companies leadership team

Management profile

Number of profiles

Profiles8 records

The MJ Companies subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

The MJ Companies funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

The MJ Companies M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The MJ Companies

What does The MJ Companies do?

Is The MJ Companies a public or private company?

The MJ Companies is a private company. It is classified as family owned and is currently operating.

When was The MJ Companies founded?

The MJ Companies was founded in 1964. It employs 101 to 250 people.

Where is The MJ Companies based?

The MJ Companies is headquartered in Carmel, United States, in the North America region.

How does The MJ Companies make money?

Two revenue lines are on record. Insurance and Benefits Consulting Services are the primary driver. The others are insurance Products Distribution.

Who are The MJ Companies's main competitors?

Direct peers on record are Hub International, Acrisure, Alera Group, Lockton Companies, USI Insurance Services, Brown & Brown, Inc. and AssuredPartners. Broad incumbents are Arthur J. Gallagher & Co., Aon plc and Marsh McLennan.

Does The MJ Companies have an API?

No public API is recorded for The MJ Companies.