PHOENIX – (October 18, 2011) – MJ Insurance, one of the top 100 privately-held agencies in the U.S., continues its growth surge in Arizona expanding its 2011 fiscal revenue by 37 percent – the second consecutive year of double digit growth.
MJ Insurance saw its employee benefits division revenue soar by 40 percent from September 2010 to September 2011 while its property casualty division grew by 33 percent. The continued growth amid a volatile economy is impressive and mirrors MJ’s 2010 growth where it marked 35 percent year-over-year revenue growth.
Since opening its Arizona office in 2005, MJ has recorded significant employee and client growth. Earlier this year, MJ moved its offices from Scottsdale to Phoenix to accommodate current and increasing space needs.
Michael H. Bill, CEO of MJ Insurance, attributes the continued growth to many things including more employers and employees recognizing the value MJ Insurance brings with its employee benefits expertise as well a laser focus on its key market segments in Arizona including construction, mining and manufacturing. “While we are proud of the growth, we are careful to continue to take care of our current clients while taking on new business that makes sense for our clients and their business,” Bill said. “Our growth also proves there is still much uncertainty in the marketplace on how to adapt to looming changes in the health care industry. We are experts in this sector and it serves us well.”
Besides growing revenue and adding key employees, MJ Insurance continues to earn industry accolades and honors. For instance, in August MJ Insurance was once again named one of the Top 100 privately held insurance agencies by the leading trade publication, Insurance Journal. MJ Insurance was also recently named a “Best Practices Agency” by The Independent Insurance Agents & Brokers of America – marking the eighth consecutive year of retaining its status as part of this elite group of U.S. independent insurance agencies.
Last year, which marked the start of a new three-year study cycle, more than 1,200 independent agencies throughout the U.S. were nominated to take part in the annual study, but only 224 agencies qualified for the honor. To be chosen, MJ Insurance had to be among the 35 to 40 top-performing agencies in one of six revenue categories. MJ was included in the $10 to $25 million revenue category.
MJ Insurance, with offices in Indiana and Arizona, is a property-casualty and employee benefit agency that, since 1964, has grown from a two person start-up to an agency with more than 125 employees. MJ Insurance specializes in a diverse selection of unique service lines including construction, energy, transportation, real estate, manufacturing, sororities, mining and life sciences. MJ also offers complete employee benefit 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.
ABOUT MJ INSURANCE
MJ Insurance is a leading property-casualty and employee benefit agency specializing in various commercial sectors: construction, manufacturing, sororities, coal mining and transportation, as well as comprehensive employee benefit programs. Since 1964, MJ Insurance has continued to expand through growth, service and leadership. Additional information may be found at www.mjinsurance.com.
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