Lockton, Inc., a major independent insurance brokerage firm, has reported global revenues of US$4 billion for the fiscal year ending April 30, 2025. This achievement marks the company’s fifth consecutive year of double-digit organic growth. The company’s success is attributed to its focus on organic growth and client relationships, with nearly 100% organic growth across its operations.
Global Performance
Lockton’s international segments generated over US$1 billion in revenue, representing a 15% growth in constant currency. This marks the fourth consecutive year of double-digit expansion in these markets. In the United States, the company’s operations reached US$2.7 billion in revenue, an 11% increase, continuing a seven-year period of double-digit organic growth.
Key Business Unit Performance
The company’s reinsurance business, Lockton Re, experienced significant growth with a 29% year-over-year revenue increase. It has established a substantial global presence with 22 locations and over 500 colleagues. Additionally, the transaction liability practice reported an impressive 59% year-over-year growth and completed a record number of transactions.
Strategic Leadership Changes
The company’s growth trajectory has been supported by strategic leadership changes. Ron Lockton resumed his role as chairman and CEO in 2024, leading to key executive appointments. Chris Brown was appointed as CEO of Lockton International, and Travis Leonard took on the role of CFO. These changes were made to strengthen the company’s global leadership and align its specialty practices.
Leveraging Technology and Culture
Lockton has also made significant investments in technology and data analytics. The company established a Data, Analytics, and Digital Office, led by Claude Yoder, to harness the power of technology and AI for data insights. The company’s approach to talent and culture has also been a contributing factor to its success, resulting in workplace accolades such as five consecutive “US Best Managed Company” honors and 16 years as a “Best Places to Work in Insurance” honoree.
Future Outlook
“Lockton is, first and foremost, a growth company, and consistent double-digit organic growth continues to set us apart from our competition,” the company stated. “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.”
