Lockton Surpasses $4 Billion Revenue Threshold in 2025 Driven by Industry-Leading Organic Growth and Client Focus
Lockton, Inc., recognized as the largest independent insurance broker globally, has proudly announced its remarkable achievement of surpassing $4 billion in global revenues for the fiscal year ending April 30, 2025. This milestone marks a significant moment for the company, as it showcases a compounded annual growth rate (CAGR) of over 16% over the last five years, driven largely by an impressive organic growth trajectory that has now continued for five consecutive years.
In fiscal 2025, Lockton experienced a 13% increase in revenues, primarily attributed to nearly 100% organic growth, asserting its status as a leader in the insurance industry. The company’s international operations reached a remarkable milestone surpassing $1 billion, equating to a 15% growth rate at constant currencies and representing the fourth consecutive year of double-digit growth.
In the United States, operational revenue reached $2.7 billion, reflecting an 11% growth and continuing a seven-year streak of double-digit organic growth. Additionally, Lockton Re, the company’s reinsurance arm, achieved a staggering 29% year-on-year growth, further underscoring the company’s expansion strategy.
Notably, Lockton's Transaction Liability insurance sector solidified its leading position in the market by executing a record number of transactions and achieving a 59% year-on-year increase, showcasing its ability to innovate and meet evolving client needs.
In 2024, Ron Lockton resumed his role as Chairman and CEO, initiating a series of key strategic management appointments aimed at fortifying the company’s global standing. Chris Brown has taken the helm as CEO of Lockton International, Travis Leonard steps in as Chief Financial Officer, and Tim Ryan takes on the presidency for the U.S. region among other significant appointments. These leaders bring diverse expertise and a shared vision for sustainable growth, ensuring Lockton remains competitive and responsive in the global market.
“Lockton is fundamentally a growth-driven firm, and consistent double-digit organic growth sets us apart from the competition,” stated Ron Lockton. “As consolidation in the brokerage industry accelerates, our independence and dedication to client relationships continue to fuel our growth and attract top-tier talent.”
Lockton International, under Chris Brown’s leadership, exceeded the $1 billion mark with a growth rate of 15% at constant currencies, nearly double that of other global brokers. The firm has strategically expanded its geographical reach to enhance service access for clients, including its largest investment in Asia so far in India, and growth initiatives in the Nordic countries. The appointment of a new CEO for the Asia, Australia, and Middle East/North Africa regions signals Lockton's commitment to expanding its international footprint.
In the U.S. division, Lockton contributed $265 million to its revenue pool, with total earnings reaching $2.7 billion—marking its seventh consecutive year of double-digit growth. Recent leadership appointments like Tim Ryan as president for the U.S. region emphasize Lockton’s focus on reinforcing its client-centric approach and enhancing service delivery.
Lockton has also created an Industrial Practice team led by Chris Dilullo to further tailor its services to client requirements, merging property and casualty insurance divisions and enhancing service delivery for management and professional liability insurance led by Devin Beresheim. The company’s geographic expansion includes a new office in Austin and enhancements across existing locations nationwide.
Lockton Re celebrated its fifth anniversary in 2024, marking a period of substantial growth, with a revenue increase of 29%. By expanding its presence across 22 locations, including Dublin and Mexico City, Lockton Re has demonstrated its ability to meet diverse client needs across various segments, including agriculture and capital advisory.
To modernize its data utilization capabilities, Lockton opened the Office of Data, Analytics, and Digital Technology led by innovation expert Claude Yoder. This office aims to leverage data analytics and AI to provide data-driven insights that help clients manage complex risks more efficiently, enhancing decision-making processes.
Lockton continues to attract top talent by delivering unmatched value to clients. The firm has received numerous accolades for its workplace culture, including the title of U.S. Best Managed Company for five consecutive years and certifications as a Best Place to Work in Insurance.
“Lockton’s unwavering commitment to maintaining high customer satisfaction levels translates into impressive client retention rates,
Key Highlights of FY 2025
In fiscal 2025, Lockton experienced a 13% increase in revenues, primarily attributed to nearly 100% organic growth, asserting its status as a leader in the insurance industry. The company’s international operations reached a remarkable milestone surpassing $1 billion, equating to a 15% growth rate at constant currencies and representing the fourth consecutive year of double-digit growth.
In the United States, operational revenue reached $2.7 billion, reflecting an 11% growth and continuing a seven-year streak of double-digit organic growth. Additionally, Lockton Re, the company’s reinsurance arm, achieved a staggering 29% year-on-year growth, further underscoring the company’s expansion strategy.
Notably, Lockton's Transaction Liability insurance sector solidified its leading position in the market by executing a record number of transactions and achieving a 59% year-on-year increase, showcasing its ability to innovate and meet evolving client needs.
Growth Leadership and Strategic Appointments
In 2024, Ron Lockton resumed his role as Chairman and CEO, initiating a series of key strategic management appointments aimed at fortifying the company’s global standing. Chris Brown has taken the helm as CEO of Lockton International, Travis Leonard steps in as Chief Financial Officer, and Tim Ryan takes on the presidency for the U.S. region among other significant appointments. These leaders bring diverse expertise and a shared vision for sustainable growth, ensuring Lockton remains competitive and responsive in the global market.
“Lockton is fundamentally a growth-driven firm, and consistent double-digit organic growth sets us apart from the competition,” stated Ron Lockton. “As consolidation in the brokerage industry accelerates, our independence and dedication to client relationships continue to fuel our growth and attract top-tier talent.”
International Expansion Strategies
Lockton International, under Chris Brown’s leadership, exceeded the $1 billion mark with a growth rate of 15% at constant currencies, nearly double that of other global brokers. The firm has strategically expanded its geographical reach to enhance service access for clients, including its largest investment in Asia so far in India, and growth initiatives in the Nordic countries. The appointment of a new CEO for the Asia, Australia, and Middle East/North Africa regions signals Lockton's commitment to expanding its international footprint.
U.S. Operations Performance
In the U.S. division, Lockton contributed $265 million to its revenue pool, with total earnings reaching $2.7 billion—marking its seventh consecutive year of double-digit growth. Recent leadership appointments like Tim Ryan as president for the U.S. region emphasize Lockton’s focus on reinforcing its client-centric approach and enhancing service delivery.
Enhancing Services for Client Needs
Lockton has also created an Industrial Practice team led by Chris Dilullo to further tailor its services to client requirements, merging property and casualty insurance divisions and enhancing service delivery for management and professional liability insurance led by Devin Beresheim. The company’s geographic expansion includes a new office in Austin and enhancements across existing locations nationwide.
Lockton Re’s Success
Lockton Re celebrated its fifth anniversary in 2024, marking a period of substantial growth, with a revenue increase of 29%. By expanding its presence across 22 locations, including Dublin and Mexico City, Lockton Re has demonstrated its ability to meet diverse client needs across various segments, including agriculture and capital advisory.
Commitment to Technology and Innovation
To modernize its data utilization capabilities, Lockton opened the Office of Data, Analytics, and Digital Technology led by innovation expert Claude Yoder. This office aims to leverage data analytics and AI to provide data-driven insights that help clients manage complex risks more efficiently, enhancing decision-making processes.
Corporate Culture and Talent Acquisition
Lockton continues to attract top talent by delivering unmatched value to clients. The firm has received numerous accolades for its workplace culture, including the title of U.S. Best Managed Company for five consecutive years and certifications as a Best Place to Work in Insurance.
“Lockton’s unwavering commitment to maintaining high customer satisfaction levels translates into impressive client retention rates,
Topics General Business）
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