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 strong performance is attributed to its focus on organic growth and client-centric approach, with nearly 100% organic growth across its operations.
Global and Regional Performance
Lockton’s international segments generated over US$1 billion in revenue, representing a 15% growth in constant currency and marking their fourth consecutive year of double-digit expansion. In the United States, the company’s operations reached 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 29% year-over-year revenue increase and 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 record number of transactions.
Strategic Moves and Leadership Changes
The company’s growth trajectory has been supported by strategic leadership appointments. Ron Lockton resumed his role as chairman and CEO in 2024, followed by key executive appointments: Chris Brown as CEO of Lockton International and Travis Leonard as CFO. These changes aimed to strengthen the company’s global leadership and align its specialty practices.
Lockton also established a Data, Analytics, and Digital Office led by Claude Yoder to leverage technology and AI for data insights. The company expanded its global footprint with investments in India and new offices in the Nordics, Austin, and other US locations.
Cultural Factors Contributing to Success
The company attributes its success to its approach to talent and culture. Lockton’s culture has earned it several workplace accolades, including five consecutive “US Best Managed Company” honors and 16 years as a “Best Places to Work in Insurance” honoree.
“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.”
