#USA #Kansas City #Insurance Broker #Fiscal Year #Lockton

Lockton's Remarkable Revenue Growth in Fiscal Year 2026

Lockton, the world's largest privately held, independent insurance broker, has announced impressive financial results for the fiscal year 2026, reporting global revenues of approximately $4.5 billion. This marks a notable 12% increase year-over-year, bolstered by an 11% organic growth rate. Such performance exemplifies the company's sustained momentum across various sectors alongside ongoing investments in talent, technology, and global capabilities.

This achievement signals Lockton’s sixth consecutive year of double-digit organic growth, emphasizing the strength of its client relationships, diversified business model, and long-term investment strategy.

Ron Lockton, Chairman and CEO, commented, "Fiscal year 2026 has proven to be another exceptional year for Lockton. Our results reflect the trust our clients have in us, the quality of our people, and the benefits of our private and independent model. This structure enables us to invest for the long haul, quickly adapt to new client and market needs, and continuously reinvest in capabilities, insights, and innovations that help clients navigate an increasingly complex risk landscape."

Resilient Performance Amid Market Challenges

Lockton's financial results were particularly strong, given the challenging market conditions throughout the fiscal year ending April 30. Globally, property rates have moderated as capacity improves and competition rises, while the insurance market in the U.S. continues to face pricing pressures and rising loss cost trends. In this context, Lockton's diversified platform has delivered balanced growth across different regions and sectors.

Both Lockton International and Lockton Re recorded approximately 15% growth, while operations in the U.S. celebrated an eighth consecutive year of double-digit growth despite uneven regional and product line conditions.

Highlights from the U.S. Operations

The American branch of Lockton reported another robust year, maintaining a trend of sustained growth across the market. U.S. revenues reached nearly $3 billion, reflecting an 11% year-over-year increase. This performance marks the eighth year in a row that the American company has posted double-digit growth.

This success can be attributed to a strong client retention rate and continuous growth in key business areas. Lockton achieved a client revenue retention rate of 94%, thanks to one of the industry's strongest talent pools and effective collaboration between service teams.

The firm also continued to enhance its U.S. platform by expanding verticals in national industries and specialized approaches within the People and Risk Solutions segments. Notably, revenues in the People Solutions segment surpassed $1 billion for the first time, reflecting ongoing demand for integrated benefits, well-being, and consulting services. These investments collectively enhance expertise, improve consistency, and provide advanced capabilities to clients across various markets.

International Business Highlights

Lockton's international operations experienced a strong year, continuing to build momentum in key markets. Despite uneven conditions across regions, the company achieved 15% growth, partially driven by a 27% increase in its People Solutions segment and sustained strong growth in retail and specialty products.

During the year, Lockton further strengthened its international platform, expanding operations in Switzerland, Saudi Arabia, and Italy. The company continued investing in its operating model, leadership, and client service teams across Europe, Latin America, the Middle East, Asia, and the Pacific. These investments reflect a well-considered strategy to be closer to clients and operate with greater local relevance while providing integrated expertise across borders, as risks become increasingly global and interconnected.

Lockton Re: Driving Growth in Reinsurance

Lockton Re, the company’s global reinsurance division, has continued on its strong trajectory, achieving significant growth supported by expanding client relationships, geographical reach, and targeted investments in personnel, leadership, and capabilities. The business capitalized on the increased demand for sophisticated consulting support as insurers navigate changing market dynamics, capital constraints, and portfolio optimization challenges.

Lockton Re also continued developing its capital markets and advisory capabilities, enhancing global portfolio solutions and investing in cyber and credit offerings, ensuring broader support for clients in various risk transfer and capital solutions. These investments strengthen Lockton Re’s position as a long-term partner for clients amidst the evolving reinsurance and capital markets environment.

Emphasizing Technology, AI, and Innovation

Over the past year, Lockton made significant investments in data, analytics, and artificial intelligence to improve client services, expand insights, and enhance capabilities on its global platform. This effort is a central element of the firm’s strategy, aimed at managing through advisory excellence while alleviating pain points and increasing service delivery consistency for clients.

At the core of this initiative is Lockton SAGE, a patented technology ecosystem leveraging AI to connect data, analytics, and expertise. This system is designed to deliver smarter insights, faster decisions, and greater confidence in key business decisions. The platform will see broader deployment in fiscal year 2027, along with plans for further investments in digital, analytical, and data capabilities.

Ron Lockton remarked, "Artificial intelligence is set to transform every aspect of risk and insurance. We view AI as an accelerator of human expertise rather than a replacement for it. We focus on harnessing technology to enhance judgment, insights, and the value we provide our clients."

Cultivating Company Culture and Talent

Lockton's continued success is supported by its unique company culture and talented workforce. The firm employs nearly 15,000 individuals globally and is consistently recognized as a preferred employer. Throughout fiscal year 2026, Lockton garnered numerous workplace and industry awards worldwide, including Business Insurance's Best Places to Work in Insurance, Glassdoor's Employees' Choice Awards, Deloitte Private's U.S. Best Managed Companies, and Axco Global Broker of the Year.

About Lockton

What differentiates Lockton from its competitors is its independence. As a privately held firm, Lockton enables its nearly 15,000 associates operating in over 160 countries to focus solely on meeting client needs in risk and insurance. With expertise that has a global reach, Lockton delivers deep insights necessary to achieve outstanding results. For more information, visit www.lockton.com.