#USA #Kansas City #Organic Growth #Lockton #revenues

Lockton Surpasses $4 Billion in Annual Revenue

Lockton, Inc., known as the world's largest independent and privately held insurance brokerage firm, achieved a remarkable milestone in the financial year ending April 30, 2025, with global revenues reaching $4 billion. This marks a phenomenal compound annual growth rate (CAGR) of over 16%, firmly establishing Lockton as a leader in the industry.

Key Financial Highlights for Fiscal Year 2025

• - Robust Global Growth: Lockton experienced a 13% increase in global revenues, driven primarily by an impressive organic growth rate of nearly 100%. This achievement reflects the fifth consecutive year of double-digit organic growth for the company.
• - International Operations Growth: Revenues from international operations crossed the $1 billion mark, representing a 15% increase in constant currency. This growth also signifies four years of consecutive double-digit increases.
• - U.S. Operations Milestone: In the United States, Lockton reached $2.7 billion in revenue, showcasing an 11% growth rate and continuing a streak of seven years of double-digit organic revenue growth.
• - Lockton Re Expansion: The company’s reinsurance division, Lockton Re, witnessed a dramatic 29% growth year-over-year, highlighting its ongoing global expansion efforts.
• - Transactions Growth: Lockton’s transaction liabilities practice solidified its industry leadership with a record number of transactions completed, resulting in a staggering 59% year-over-year increase.

Leadership Commitment to Growth

Ron Lockton, Chairman and CEO, commented, “Lockton is fundamentally a growth company, and our consistent double-digit organic growth continues to differentiate us from our competitors.” As the consolidation of brokers accelerates, Lockton's independence and commitment to performance and client care are pivotal in attracting top-tier talent within the industry.

In 2024, Ron Lockton reassumed leadership as Chairman and CEO, overseeing a series of strategic executive appointments designed to enhance the company's global leadership. Key leaders include Chris Brown as CEO of Lockton International, Travis Leonard as CFO, and Tim Ryan as President for the United States, among others. Together, they bring diverse expertise and a shared vision for sustainable growth.

Strategic Expansion Initiatives

Under Chris Brown’s leadership, Lockton International surpassed $1 billion in revenue with a 15% increase in constant currency—nearly double the growth of other global brokers. The company has strategically expanded its geographical presence, including significant investments in Asia, specifically in India, and enhanced operations in Nordic countries.

In the U.S., revenue growth amounted to $265 million, pushing total revenues to $2.7 billion, again marking the seventh year of robust organic revenue growth. Tim Ryan has been appointed President of Lockton USA, reinforcing leadership capabilities in the U.S. market.

Innovations in Digital Technology

Lockton is also focusing on modernizing its data and technology capabilities to improve client service delivery. A new Data, Analytics, and Digital office, led by innovation expert Claude Yoder, is setting a fresh paradigm for technology utilization, enabling data-driven insights that help clients mitigate and address risks effectively.

Commitment to Culture and Talent

The company's commitment to its people continues to drive extraordinary client satisfaction and organic growth across all marketing cycles. Lockton has been recognized globally for its workplace culture, receiving multiple awards, including “Best Places to Work” accolades.

Ron Lockton stated, “With our unique business model and private ownership, coupled with an outstanding workplace culture, we create formidable advantages for our clients and our teams.”

About Lockton

Lockton stands out due to its independence and dedication to client needs. With over 13,000 associates operating in more than 155 countries, Lockton emphasizes a deep understanding of the risks and insurance needs of its clients. For more information, visit www.lockton.com.