Lockton, Inc., a major independent insurance brokerage, has announced impressive global revenues of $4 billion for the fiscal year ending April 30, 2025. This marks the fifth year in a row that the company has achieved double-digit organic growth. The firm credits this success to its commitment to clients and its focus on organic growth.
The company reported nearly 100% organic growth across all its operations. Its international segments generated over $1 billion in revenue, reflecting a 15% increase when adjusted for constant currency. This achievement continues a trend of double-digit growth for four consecutive years. In the United States, Lockton’s operations saw revenues reach $2.7 billion, an 11% rise, maintaining a seven-year streak of significant organic growth.
Specific business units also performed well. Lockton Re, the company’s reinsurance division, reported a remarkable 29% increase in revenue year-over-year. This unit has expanded globally, now operating in 22 locations with more than 500 employees. Additionally, the transaction liability practice saw a staggering 59% growth, completing a record number of transactions.
Leadership changes have also played a role in Lockton’s ongoing success. Ron Lockton returned as chairman and CEO in 2024, and new executive appointments were made to strengthen the company’s global leadership. Chris Brown was named CEO of Lockton International, and Travis Leonard took on the role of CFO, aimed at aligning the company’s specialty practices.
Lockton emphasizes its identity as a growth company. Ron Lockton stated, “Consistent double-digit organic growth continues to set us apart from our competition.” He noted that as broker consolidation increases, Lockton’s independence and dedication to clients and employees fuel its growth and help attract top talent.
The company is also embracing technology with the establishment of a Data, Analytics, and Digital Office, led by Claude Yoder. This initiative aims to leverage technology and artificial intelligence for better data insights. Lockton is expanding its global footprint, with recent investments in India and new offices in the Nordics and in Austin, Texas.
Lockton’s workplace culture has garnered accolades as well, including being named a “Best Managed Company” in the U.S. for five consecutive years and recognized as a “Best Places to Work in Insurance” for 16 years.
As Lockton continues to grow, industry observers are keen to see how it will maintain its momentum and adapt to the evolving insurance landscape.