Lockton Reports Record-Breaking $4 Billion in FY2025 Revenue
Lockton, Inc., recognized as the world’s leading independent and privately held insurance brokerage, has reached an impressive milestone, reporting a global revenue of
$4 billion for the fiscal year ending April 30, 2025. This remarkable figure represents a robust
compound annual growth rate (CAGR) of over 16% across the past five years, emphasizing Lockton's commitment to sustainable growth and client service.
Key Highlights from FY2025
Lockton's revenue growth topped
13% compared to the previous fiscal year, driven by almost exclusive
organic growth, which highlights the firm’s robust approach to client engagement and service delivery. Notably,
international operations surpassed the $1 billion mark, reflecting a
15% increase in constant currency, marking four consecutive years of double-digit growth. Furthermore, the U.S. sector contributed
$2.7 billion with an
11% growth rate, maintaining a streak of seven years with double-digit organic growth.
In the realm of reinsurance,
Lockton Re demonstrated exceptional performance, achieving a notable
29% year-over-year growth, which further cements its position in the global marketplace. Additionally, Lockton’s
Transaction Liability practice experienced tremendous success, expanding by
59% in a single year.
Leadership and Strategic Appointments
In 2024, Ron Lockton resumed his role as the firm's chairman and CEO, spearheading key executive appointments intended to fortify the organization’s global leadership. Notable appointments include Chris Brown as CEO of Lockton International, Tim Ryan as U.S. President, and Claude Yoder as Chief Data, Analytics, and Digital Officer. These leaders bring a wealth of expertise and a unified vision directed toward sustaining Lockton's growth trajectory.
“We are committed to promoting leaders who demonstrate proven success across our global network,” stated Ron Lockton. “Our strategic focus is aimed at aligning our specialty practices and enhancing client solutions globally.”
International Expansion
Under Chris Brown's leadership, Lockton International has recorded
$1 billion in revenue while sustaining a
15% growth rate, nearly double that of competitors. The company has strategically expanded its presence in various international markets, including its largest investment in
Asia—specifically in
India, alongside growth initiatives in the
Nordic countries. New leadership has been appointed in regions such as Asia, Australia, and the Middle East, reinforcing Lockton's commitment to exceptional client service worldwide.
U.S. Business Dynamics
Lockton’s U.S. business showcased a revenue growth of
$265 million, elevating total U.S. revenue to $2.7 billion. With this growth, the company has now achieved seven consecutive years of double-digit organic revenue increases. Significant leadership changes included the appointment of Tim Ryan as U.S. President, alongside Tim Meacham as President of People Solutions, aimed at delivering consistent client value across the board.
Expanding Offices
To bolster its U.S. operations, Lockton has launched a new office in
Austin while continuing the expansion of existing locations. A new U.S. Industry Practices team has been established, ensuring tailored solutions align with client needs.
Innovation in Reinsurance
Celebrating five years of success, Lockton Re has seen a
29% increase in revenue. With a global team exceeding 500 professionals and serving over
300 clients, the firm is well positioned for sustained growth with recent expansions in key markets like
Dublin,
Mexico City,
Santiago, and
Paris.
Embracing Digital Transformation
To enhance its service delivery, Lockton has instituted a Data, Analytics, and Digital Office, under the leadership of Claude Yoder. This office is set to revolutionize how Lockton leverages technology and data to provide actionable insights that help clients navigate risk and make informed decisions.
A People-First Culture
Lockton’s approach prioritizes its workforce, continually attracting top talent by delivering unmatched client experiences. The firm has earned multiple accolades, including being recognized as a
Best Managed Company in the U.S. and awarded
Best Places to Work in the insurance sector. Lockton's culture of client satisfaction and employee well-being has translated into outstanding retention rates.
Ron Lockton emphasizes, “Our associates’ commitment to delivering high client satisfaction scores has been instrumental to our success. By adhering to our core values, we've successfully adapted to every trend in insurance brokerage for nearly 60 years, distinguishing ourselves in the industry.”
Conclusion
Lockton’s independence and unwavering focus on clients, combined with a unique corporate structure and a commitment to workplace culture, create a powerful advantage. As it moves forward, Lockton is poised to continue its trajectory of success amidst an evolving insurance landscape.
For more insights about Lockton, visit
Lockton's Official Website.