Lockton Achieves US$4 Billion Revenue with Fifth Consecutive Year of Double-Digit Growth
Lockton, Inc., a major independent insurance brokerage, 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 insurance brokerage attributed its performance to organic growth and a strong focus on client relationships.
Global and Regional Performance
The company’s international operations generated over US$1 billion in revenue, representing a 15% growth in constant currency. This marks the fourth consecutive year of double-digit expansion for Lockton’s international segment. In the United States, the company achieved US$2.7 billion in revenue, an 11% increase, continuing a seven-year streak of double-digit organic growth.
Key Business Unit Performance
Lockton Re, the company’s reinsurance business, saw a significant 29% year-over-year revenue increase. The transaction liability practice also reported impressive growth, with a 59% year-over-year increase and a record number of transactions completed. These business units have contributed substantially to the company’s overall growth.
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, followed by key executive appointments. Chris Brown was appointed CEO of Lockton International, while Travis Leonard took on the role of CFO. These changes aimed to strengthen the company’s global leadership and align its specialty practices more effectively.
Embracing Technology and Culture
Lockton has also made significant investments in technology and data analytics. The establishment of a Data, Analytics, and Digital Office, led by Claude Yoder, demonstrates the company’s commitment to leveraging technology and AI for enhanced data insights. Additionally, the company expanded its global presence with investments in India and new offices in the Nordics, Austin, and other US locations.
Attributing Success to Culture and Talent
Lockton attributes its success not only to its business strategies but also to its corporate culture. The company has received numerous workplace accolades, including five consecutive ‘US Best Managed Company’ honors and 16 years as a ‘Best Places to Work in Insurance’ honoree. This strong culture has been instrumental in attracting top talent and driving the company’s growth.
“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.”
