MJ Insurance

What MJ Insurance does

The MJ Companies, operating as MJ Insurance, is a privately held business and financial services consulting firm founded in 1964 and headquartered at 571 Monon Blvd., Suite 400, Carmel, Indiana, with regional offices in Phoenix, Denver, and Nashville. The firm delivers risk management and employee benefits advisory services to enterprise and mid-market clients across 11 specialized industry verticals, including Construction + Surety, Education, Energy & Mining, Farm to Fork, Healthcare, Japanese Owned Businesses, Manufacturing, Nonprofits, Recycling, Sorority, and Transportation. Service lines span risk management (analytics, risk services, risk transfer, claims consulting, advocacy), benefits consulting (analytics, population health and wellness, employee engagement, compliance, advocacy, pharmacy management), compensation and total rewards consulting, retirement consulting through the SEC-Registered Investment Advisor subsidiary MJ Retirement, leave and absence management, captive insurance solutions, and personal insurance.

The firm's core technology differentiator is APERTURE, a proprietary analytics platform that visualizes client data, identifies trends, and generates forecasting insights to support risk and benefits decisions. MJ BENEFITS+ is positioned as a higher-touch, fully customized benefits program layered on top of standard benefits consulting. The company also maintains content and demand-generation assets including the MJ Insight blog, the reFRAME platform, and a recurring webinar series on regulatory updates, stop-loss, and pharmacy strategy.

MJ Insurance generates revenue through professional services / consulting fees with quote-based, engagement-specific pricing. Distribution is executed via direct B2B field sales from the four regional offices, supported by thought-leadership marketing, webinars, and industry events. Revenue, ownership structure, and key shareholder details are not publicly disclosed; the firm appears to be independently owned with no identified private equity backing.

Name

MJ Insurance

Legal name

The MJ Companies

Website

https://mjinsurance.com

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

51–100 employees

Short description

The MJ Companies (MJ Insurance) is a privately held risk management and benefits consulting firm founded in 1964, headquartered in Carmel, Indiana, serving enterprise and mid-market clients across 11 specialized industry verticals through proprietary analytics (APERTURE) and advisory services.

Ownership category

akta.pro rank

Headquarters

HQ city

Carmel

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Risk Management Consulting: Professional consulting services including analytics, risk services, risk transfer, claims consulting, and advocacy for businesses seeking to optimize their risk management strategies.
2. Benefits Consulting: Comprehensive employee benefits consulting services including analytics, population health and wellness programs, employee communication and engagement, compliance, advocacy, and pharmacy management.
3. Compensation and Total Rewards Consulting: Advisory services helping organizations design and manage compensation structures and total rewards packages for employees.
4. Retirement Consulting: Retirement plan consulting services including pooled employer plans and employee resource center support.
5. Leave and Absence Management: Consulting services for managing employee leave and absence programs.
6. Captive Solutions: Alternative risk financing solutions through captive insurance arrangements.
7. Personal Insurance: Individual insurance planning and protection services for personal clients.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

MJ Insurance is a business and financial services consulting firm that delivers risk management, employee benefits, compensation and total rewards, retirement, leave and absence management, captive insurance, and personal insurance advisory services to enterprise and mid-market clients. Its consulting work is supported by APERTURE, a proprietary analytics platform that visualizes client data, identifies trends, and generates forecasting insights. The firm serves 11 industry verticals through field consultants based in four U.S. regional offices.

Product overview

The MJ Companies operates as a comprehensive business and financial services consulting firm with a platform-plus-modules architecture. The core proprietary offering is APERTURE®, an analytics tool for data visualization and forecasting. Surrounding this core, MJ offers an integrated suite of service lines including Risk Management (with sub-services: Analytics, Risk Services, Risk Transfer, Claims Consulting, and Advocacy), Benefits Consulting (with sub-services: Analytics, Population Health + Wellness, Employee Communication + Engagement, Compliance, Advocacy, and Pharmacy Management), Compensation + Total Rewards Consulting, Retirement Consulting (including Pooled Employer Plans and Employee Resource Center), Leave + Absence Management, Captive Solutions, and Personal Insurance. The MJ BENEFITS+ programs represent a differentiated, fully-customized approach to employee benefits that extends beyond standard consulting offerings.

Differentiator

Problem solved

Functional benefit

Brands

• APERTURE: MJ's proprietary analytics tool that helps clients visualize data, identify trends, and forecast business outcomes.
• MJ Retirement

Products and services

• APERTURE Proprietary analytics tool that brings client data into focus to understand past performance and forecast future outcomes. The platform visualizes data, identifies trends, and provides actionable insights for businesses in risk management and benefits consulting engagements.
• Risk Management Consulting Comprehensive risk management consulting including Analytics, Risk Services, Risk Transfer, Claims Consulting, and Advocacy, designed to optimize clients' risk management strategies across multiple industries.
• Benefits Consulting Employee benefits consulting services encompassing Analytics, Population Health + Wellness, Employee Communication + Engagement, Compliance, Advocacy, and Pharmacy Management for employer clients.
• Compensation and Total Rewards Consulting Consulting services focused on compensation strategies and total rewards programs designed to attract, retain, and motivate employees for organizations.
• Retirement Consulting Retirement planning consulting including Pooled Employer Plans and the MJ Retirement Employee Resource Center, delivered in part through MJ Retirement, an SEC-Registered Investment Advisor subsidiary.
• Leave and Absence Management Consulting services for managing employee leave and absence programs, supporting employer compliance and employee experience.
• Captive Solutions Risk management solutions delivered through captive insurance structures, providing alternative risk financing options for organizations seeking customized coverage and risk retention strategies.
• Personal Insurance Personal insurance advisory services helping individual clients plan for the future and protect personal assets, family, and what matters most.

Segments11 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Lockton: Lockton is the world's largest privately-held insurance brokerage, offering risk management, benefits, and retirement consulting across specialized industries. It is the closest direct peer to MJ in business model, private ownership, and vertical specialization.
• OneDigital: OneDigital is a national benefits and risk consulting firm focused on mid-market and enterprise employers. Its integrated benefits + retirement + wellness offering closely mirrors MJ's platform structure.
• Hub International: Hub International is a large privately-held insurance brokerage providing property/casualty, benefits, and personal lines across North America. Comparable in vertical segmentation and mid-market focus.
• USI Insurance Services: USI is a privately-held broker delivering property/casualty, employee benefits, and retirement consulting. Its mid-market enterprise focus and integrated service model closely parallel MJ's approach.

Broad incumbents

• Arthur J. Gallagher: Gallagher is a global publicly-traded insurance brokerage and risk management services firm. While much larger, it competes for the same mid-market and enterprise accounts in similar verticals.
• Brown & Brown: Brown & Brown is a publicly-traded national insurance brokerage serving commercial, personal, and benefits clients. Overlaps with MJ across mid-market risk and benefits brokerage.
• Marsh McLennan: Marsh McLennan (parent of Marsh and Mercer) is the largest global insurance broker and consulting firm. Represents the upper bound of competitive pressure on mid-sized brokers like MJ, particularly in large accounts.
• Aon: Aon is a global professional services firm offering risk, insurance brokerage, reinsurance, and HR consulting. Following its acquisition of NFP, it competes directly across MJ's service lines.
• Willis Towers Watson (WTW): WTW is a global advisory, brokerage, and solutions firm spanning risk, benefits, and talent/ rewards — overlapping with nearly every MJ service line at the enterprise tier.

Regional players

• Leavitt Group: Leavitt Group is a privately-held, regionally-focused insurance brokerage with vertical specializations. Comparable in scale and ownership structure but concentrated in the Western US.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/MJ_Insurance
• LinkedInlinkedin.com/company/mjinsurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about MJ Insurance