Lockton Reports Exceptional Financial Growth with $4.5 Billion Revenue in 2026

Lockton Achieves $4.5 Billion Revenue in 2026

Lockton, renowned as the largest privately-held independent insurance broker globally, reported outstanding financial results for the 2026 fiscal year, achieving a revenue of approximately $4.5 billion. This marks a 12% year-on-year increase, driven by an impressive 11% growth in organic revenue. These results highlight the company's sustained business momentum alongside continued investments in personnel, technology, and global competencies.

This achievement signifies Lockton’s sixth consecutive year of double-digit organic growth, reflecting strong client relationships, a diversified business model, and a long-term investment strategy. Ron Lockton, the company’s chairman and CEO, expressed the importance of these results, stating, "The 2026 fiscal year was another exceptional period for Lockton. Our performance underscores the trust our clients place in us, the reputation of our staff, and the competitive edge afforded by our private and independent operating model."

Continued Success Amidst Challenging Markets

Lockton’s success came despite challenging market conditions throughout the 2026 fiscal year which ended on April 30. The global property insurance rates witnessed a decline due to increased market capacity and intensified competition, while the liability insurance segment in the U.S. faced price pressures and rising claim costs. However, the diversified platform of Lockton provided balanced growth across all regions and segments of operations.

Lockton International and Lockton Re reported approximately 15% growth, while Lockton's operations in the U.S. achieved double-digit growth for the eighth consecutive year, showcasing resilience even with uneven conditions across various regional markets and product lines.

Key U.S. Results

In the United States, Lockton reported significant momentum with revenues approaching $3 billion, representing an 11% increase year-over-year and marking the eighth straight year of double-digit growth. This success can be attributed to a high customer retention rate and further development in key operational areas. Supported by one of the strongest groups of producers in the industry and a collaborative client service team, the company achieved an impressive 94% revenue retention rate from customers.

Lockton bolstered its platform in the U.S. by developing specialized industry verticals and expert practices in risk solutions and employee services. In the employee services segment, revenues surpassed the $1 billion mark for the first time, reflecting ongoing demand for integrated services related to employee benefits, wellness, and consulting.

International Performance Highlights

Lockton’s international operations also enjoyed a strong year, continuing to grow in key markets. Despite varying conditions across regions, the company achieved a remarkable 15% growth, buoyed in part by a 27% increase in the employee services segment and continued robust performance in retail and specialized business lines.

Over the year, Lockton enhanced its international platform, expanding operations in Switzerland, Saudi Arabia, and Italy, while investing in operational models, leadership, and client service teams across Europe, Latin America, the Middle East, Asia, and the Pacific. These investments align with a strategic approach focusing on closer client relationships and better local market adaptation while providing integrated expertise across borders in an increasingly interconnected risk landscape.

Lockton Re’s Robust Development

Lockton Re, the global reinsurance company under Lockton, also exhibited strong development, achieving significant growth by enhancing client relationships, geographic expansion, and targeted investments in personnel and leadership. The company benefitted from increased demand for advanced advisory support from insurers navigating changing market conditions, capital constraints, and portfolio optimization challenges.

Lockton Re continued to enhance its capabilities in capital markets and advisory services, strengthening global portfolio solutions while investing in its offerings related to cybersecurity and credit risk, thus expanding its ability to support clients across a wider range of risk transfer and capital management solutions.

Embracing Technology and Innovation

Over the past year, Lockton made substantial investments in data, analytics, and artificial intelligence to enhance client service, improve analysis quality, and better support employees throughout the company's global platform. These efforts form a central part of Lockton's strategy to build competitive advantage through advisory expertise while minimizing process complexities and enhancing client service consistency.

A crucial element of these initiatives is Lockton SAGE, an in-house technology ecosystem leveraging artificial intelligence designed to integrate data, analytics, and expert knowledge to provide more precise insights, expedite decision-making, and enhance certainty in executing critical business decisions. The broader deployment of the platform is set to begin in the 2027 fiscal year, along with plans for ongoing investments in digital, analytical, and data-related solutions.

"AI will change every aspect of risk management and insurance," stated Ron Lockton. "We view AI as a tool that enhances human expertise, rather than a substitute. Our focus is on leveraging technology to enrich evaluations, deepen insights, and increase the value delivered to clients."

A Strong Organizational Culture

Lockton’s results continue to be underpinned by the company’s exceptional organizational culture and workforce. Currently employing nearly 15,000 people globally, Lockton is consistently recognized as one of the most desirable employers. In the 2026 fiscal year, the company received numerous industry awards, including recognition from Business Insurance as one of the Best Places to Work in Insurance and accolades from Glassdoor and Deloitte.

Thanks to its private ownership structure, Lockton enables its workforce of over 15,000 across more than 160 countries to focus solely on client needs concerning risk and insurance. Armed with expertise gained worldwide, Lockton delivers profound understanding necessary to achieve remarkable outcomes. More information can be found at www.lockton.com.