Lockton Achieves Over $4 Billion in Revenue for Fiscal Year 2025

Lockton Hits Milestone of $4 Billion in Revenue for Fiscal Year 2025

Kansas City, Missouri - Lockton, Inc., recognized as the world's largest independent and private insurance brokerage firm, has reported global revenues surpassing $4 billion for the fiscal year ending April 30, 2025. This reflects a remarkable five-year compound annual growth rate (CAGR) of over 16%.

Key Highlights from Fiscal Year 2025

During this fiscal year, Lockton's worldwide revenues surged by 13%, reaching $4 billion, prompted by nearly 100% organic growth. This achievement marks the fifth consecutive year of double-digit organic growth for the firm. Notably, international operations exceeded $1 billion, experiencing a 15% rise in constant currency, continuing a trend of double-digit growth for four years in a row. The American operations contributed $2.7 billion, with an 11% increase, maintaining a seven-year string of double-digit organic growth.

Lockton Re, the firm’s reinsurance division, reported a 29% year-over-year increase as it continued to expand globally. Additionally, Lockton's Transaction Liability unit solidified its leading position within the industry by completing a record number of transactions, achieving a remarkable 59% growth compared to the previous year.

Leadership and Strategic Appointments

In 2024, Ron Lockton resumed the role of Chairman and CEO, executing pivotal executive appointments aimed at strengthening the firm's global management. Key appointments included Chris Brown as CEO of Lockton International, Travis Leonard as Chief Financial Officer, Tim Ryan as President for the USA, Claude Yoder as Chief Data, Analytics, and Digital Technology Officer, and Mark Jones as International CFO. These leaders, alongside established executives like Tim Gardner, CEO of Lockton Re, bring a diverse array of expertise and a shared vision for sustainable growth.

We are continuously promoting and hiring proven leaders across our global business,” stated Ron Lockton. “We are making swift advancements on our strategic priorities, aligning specialized practices, products, and verticals worldwide.”

International Growth

Under Chris Brown's leadership, Lockton International surpassed the $1 billion mark with a 15% growth in constant currency—almost doubling the growth rate compared to other global brokers. In enhancing its international presence, Lockton strategically expanded its operations and geographic reach, ensuring accessible service to clients, including its largest investment in Asia to date in India and expansions in Scandinavian countries. The firm also appointed new CEOs in Asia, Australia, as well as the Middle East and North Africa.

Performance of the U.S. Business

Lockton’s U.S. business recorded a revenue increase of $265 million, with total revenues reaching $2.7 billion, marking the seventh consecutive year of double-digit organic growth. In August, long-time executive Tim Ryan was appointed President of Lockton USA. Former Regional Operations Director Tim Meacham was appointed President of the People Solutions division in February to lead a coordinated company-wide approach to delivering enduring value to U.S. clients.

Furthermore, to better align services with client needs and provide tailored solutions, Lockton created a U.S. Industry Practices Team led by Chris DiLulla, uniting the property & casualty and professional & management liability practices under Devin Beresheim, Head of Risk Solutions for the U.S. Geographic growth in the U.S. included the opening of a new office in Austin and expanded operations nationwide.

Lockton Re: A Thriving Division

Lockton Re experienced a remarkable revenue growth of 29%. Celebrating its fifth anniversary in 2024, it has undergone extensive growth, establishing a global footprint with 22 branches—nationally expanding in Greensboro and San Francisco, and internationally in Dublin, Mexico City, Santiago, and Paris. Lockton Re serves over 300 clients and boasts a global team of over 500 colleagues working across 20 global segments, including newly launched agricultural advisory and portfolio solutions last year. With ongoing investments in talent and new specializations, Lockton Re is well-positioned for continued high growth.

Technology and Innovation

In its quest to modernize the capability to leverage data and technology for client services, Lockton established a Data, Analytics, and Digital Office under the leadership of innovation and analytics expert Claude Yoder. This initiative is designed to deliver a paradigm shift in utilizing technology, data analytics, and artificial intelligence to provide actionable, data-driven insights that help clients mitigate and manage risks, allowing them to anticipate volatility and make smarter, faster decisions.

Culture and Talent

Lockton continues to attract top-tier talent by delivering unparalleled value to clients. This people-first approach is a powerhouse for its organic growth throughout all market cycles. Globally recognized for its exceptional workplace culture, Lockton has won various awards, including five consecutive accolades as America’s Best Managed Company, sixteen years as a Best Place to Work in Insurance, the “Bell Seal” for workplace mental health, and the Glassdoor 2025 Employee Choice Award for Best Places to Work. On an international scale, Lockton has been certified as a Great Place to Work in Australia, New Zealand, and Mexico.

“I am proud that Lockton colleagues consistently achieve exceptionally high client satisfaction scores, which are pivotal for our extraordinary client retention rates,” said Ron Lockton. “By remaining true to who we are, we have navigated all trends in the brokerage world for nearly 60 years. Our unique business model and private ownership, combined with a stellar workplace culture, create a solid advantage for our clients and employees alike.”

About Lockton

What sets Lockton apart is also what makes us better: our independence. Lockton's private ownership allows over 13,000 associates in more than 155 countries to focus solely on client needs in risk and insurance. By leveraging worldwide expertise, Lockton delivers deep understanding crucial for achieving remarkable results. For more information, visit Lockton.