Lockton Reports Over $4 Billion Revenue Growth in 2025, Continues to Lead in Client Satisfaction

Lockton's Remarkable Growth in Fiscal Year 2025

In the fiscal year ending April 30, 2025, Lockton, Inc., the world's largest independent insurance brokerage, achieved a staggering revenue of $4 billion, demonstrating its resilience and continued commitment to organic growth and customer service. This achievement marks Lockton's fifth consecutive year of double-digit organic growth, with a staggering year-over-year growth rate of 13%.

Overview of Financial Performance

The financial figures reveal that Lockton's international operations surpassed $1 billion, marking a 15% increase in constant currency and establishing the company’s fourth consecutive year of double-digit international growth. Meanwhile, operations within the United States reached $2.7 billion, reflecting an 11% increase and maintaining a consistent trend of double-digit organic growth for seven years straight. Lockton Re, the firm’s reinsurance division, saw a remarkable 29% increase in revenue compared to the prior year, further contributing to the company’s impressive financial health.

Ron Lockton, Chairman and CEO, emphasized the significance of this growth, stating, “Lockton is fundamentally a growth company, and consistent double-digit organic growth continues to set us apart from our competitors. As brokerage consolidation accelerates, Lockton's independence and unwavering commitment to our clients and partners will continue to fuel growth and attract top-tier talent.”

Strategic Leadership and Appointments

Marking strategic leadership adjustments, Ron Lockton resumed his roles as Chairman and CEO in 2024, making several key appointments to reinforce Lockton’s global leadership. Chris Brown was named CEO of Lockton International, while Travis Leonard became CFO, and Tim Ryan was appointed as President for the United States. These leaders, alongside existing executives, possess diverse experiences aimed at sustainable growth.

Ron noted, “We are continuously promoting and hiring proven leaders across our global enterprise. We are taking rapid actions on our strategic priorities, including aligning our specialized practices and products worldwide.”

International Expansion

Lockton International, under Chris Brown’s leadership, achieved over $1 billion in revenue, with a growth rate that nearly doubles that of other global brokers. The company strategically expanded its geographical reach, including significant investments in India and broader operations in Scandinavia. New leadership appointments in Asia, Australia, the Middle East, and North Africa further demonstrate Lockton's commitment to international growth.

In the U.S., the company recorded revenues of $265 million, contributing to overall U.S. earnings of $2.7 billion. This performance was bolstered by Tim Ryan’s appointment as President for the U.S., and the creation of the People Solutions segment led by Tim Meacham, aimed at delivering continual value to U.S. clients.

Innovations and Technological Advances

Lockton is also focusing on enhancing its capabilities in data use and technology. The establishment of the Office of Data, Analytics, and Digital Technology, led by Claude Yoder, reflects a new paradigm in technology use aimed at providing actionable insights that allow clients to mitigate and eliminate risks. This office is already delivering analytics that aid clients in anticipating volatility and managing complex risks.

Cultivating a Strong Workplace Culture

Lockton prides itself on attracting exceptional talent, ensuring premier value for clients. This people-first approach has driven industry-leading organic growth across various market cycles. Lockton’s culture has earned it widespread recognition, including multiple awards for being an exceptional workplace in the U.S., along with certifications in Australia, New Zealand, and Mexico.

Ron Lockton expressed pride in the team's performance, stating, “I am proud of our Lockton colleagues for consistently achieving high customer satisfaction ratings that contribute to outstanding client retention metrics. Staying true to ourselves, we have navigated through the trends in the insurance brokerage industry for nearly 60 years. Our unique business model, combined with our excellent workplace culture, creates a significant advantage for our clients and our people.”

For more about Lockton, visit www.lockton.com.