Lockton, Inc., a large independent and privately held insurance brokerage, reported global revenues of US$4 billion for its fiscal year ending April 30, 2025. A news release noted that this marks the fifth consecutive year of double-digit organic growth for the firm. The company attributed this performance to organic growth and a focus on clients.
The company reported results of nearly 100% organic growth across its operations. International segments recorded over US$1 billion in revenue, growing 15% in constant currency. This marks their fourth consecutive year of double-digit expansion. In the US, operations reached US$2.7 billion in revenue, an 11% increase, continuing a seven-year period of double-digit organic growth.
Specific business units also reported growth. Lockton Re, the company’s reinsurance business, experienced a 29% year-over-year revenue increase. It has established a global presence with 22 locations and over 500 colleagues. The transaction liability practice reported 59% year-over-year growth and completed a reported record number of transactions.
Leadership changes and strategic appointments were noted as factors in the company’s trajectory. Ron Lockton resumed his role as chairman and CEO in 2024, leading executive appointments that included Chris Brown as CEO of Lockton International and Travis Leonard as CFO. These appointments were made to strengthen the company’s global leadership and align specialty practices.
“Lockton is, first and foremost, a growth company, and consistent double-digit organic growth continues to set us apart from our competition,” said Lockton. “As broker consolidation accelerates, Lockton’s independence, performance, and consistent commitment to our clients and associates continue to fuel growth and attract best-in-class talent.”
Additionally, Lockton established a Data, Analytics, and Digital Office, led by Claude Yoder, to utilize technology and AI for data insights. The company also expanded its global presence, with investments in India and new offices in the Nordics, Austin, and other US locations.
Lockton’s results were also linked to its approach to talent and culture. The company stated its culture has resulted in workplace accolades, including five consecutive “US Best Managed Company” honors and 16 years as a “Best Places to Work in Insurance” honoree.
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