INDIANAPOLIS (August 25, 2023) – The MJ Companies, a leading risk management and employee benefits agency for more than 50 years, has been named a “Best Practices Agency” by the Independent Insurance Agents & Brokers of America (IIABA) and Reagan Consulting.

Best Practices agencies are an elite group of independent insurance agencies around the United States selected after participating in the IIABA “Best Practices” Study Group. The agencies comprising the study groups are selected every third year through a comprehensive nomination and qualifying process and awarded a Best Practices Agency designation. The selected Best Practices agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year.

“We consider it a tremendous privilege to receive the designation of a Best Practices agency, affirming our position as one of the most exceptional performing agencies in the United States,” remarked Jon E. Loftin, President and COO of The MJ Companies. “Our passion for our work is evident in our unwavering dedication to our clients and partners, a commitment we showcase consistently.”

More than 2,600 independent agencies throughout the U.S. were nominated to take part in the annual study, but only 287 agencies qualified for the honor. To be chosen, the agency had to be among the top-performing agencies in one of six revenue categories.

The annual survey and study document the business practices of the highest performing agencies and urges others to adopt similar practices.

The MJ Companies, one of the largest privately-held insurance agencies in America, is a commercial and personal insurance, risk management, retirement and employee benefits consulting agency that since 1964, has grown from a two-person start-up to an agency with more than 200 employees. With offices in Phoenix, Indianapolis and Denver, MJ specializes in a diverse selection of service lines including construction, energy, transportation, manufacturing, sororities and recycling as well as a complete suite of employee benefits programs and services. The MJ Companies believes in a data-driven, tech-enabled approach that helps give clients the best choices and supports a fact-over-fiction decision-making process. The MJ Companies serves clients in more than 54 countries and in every U.S. state.



Indianapolis-based The MJ Companies exists to inspire the success, fulfillment and wellbeing of each person it serves—associates and their families, business partners, clients and the community. MJ serves a diverse client base that includes local, regional, and national companies. Fifty-nine years after its founding, The MJ Companies continues to expand through culture, service and leadership. Additional information may be found at