#USA #Kansas City #Insurance Broker #Financial Growth #Lockton

Lockton Reports Significant Revenue Growth in 2026

Lockton, the largest privately held independent insurance brokerage in the world, announced remarkable financial results for the fiscal year 2026. The company experienced a 12% rise in its global revenue, bringing the total to approximately $4.5 billion. This figure includes an 11% organic growth, reflecting strong business momentum and continued investments in staff, technology, and global capabilities.

The results signify Lockton's sixth consecutive year of double-digit organic growth. This consistency underscores the strength of client relationships, the effectiveness of a diversified business model, and the company's long-term investment strategy. Ron Lockton, the chairman and CEO, stated, "The fiscal year 2026 has been another outstanding year for Lockton. Our results reflect the trust our clients place in us, the professionalism of our employees, and the advantages of our independent business model. It allows us to invest for the long-term, adapt quickly to changing client and market needs, and continuously enhance our analytics and innovative capabilities to help clients navigate an increasingly complex risk management environment."

Strong Performance Amidst Challenging Market Conditions

Lockton's results are especially impressive given the market conditions during the fiscal year, which ended on April 30, 2026. The global property insurance market faced declining rates due to increased capacity and heightened competition, while the liability segment in the U.S. encountered pricing pressures and rising loss costs. Nonetheless, Lockton’s diversified platform provided balanced growth across regions and business lines.

Lockton International and Lockton Re, the two main divisions, each recorded significant growth of around 15%. The U.S. operations also experienced double-digit growth for the eighth consecutive year despite uneven dynamics across various regions and product segments.

U.S. Business Overview

In the United States, Lockton concluded another successful year, achieving nearly $3 billion in revenue, an 11% increase compared to the previous year. This marked the eighth consecutive year of double-digit growth for the company's U.S. operations. The strong client retention rate, standing at 94%, and continued growth in key service areas contributed to these impressive results.

Lockton also fortified its U.S. platform by developing industry-specific verticals and specialized practices within Risk Solutions and People Solutions. Notably, revenue in the People Solutions segment surpassed $1 billion for the first time, showcasing robust demand for comprehensive corporate benefits, employee wellness solutions, and consulting services. These investments focus on expertise consolidation, service uniformity, and expanding top-tier capabilities for clients in various markets.

International Business Insights

Lockton's international operations demonstrated high performance, continuing to gain traction in key markets despite varying regional market conditions. The business achieved a growth rate of 15%, primarily driven by a 27% rise in the People Solutions segment and solid performance in retail insurance and specialized insurance solutions.

Throughout the year, Lockton reinforced its international platform by expanding its presence in Switzerland, Saudi Arabia, and Italy, while investing in enhancing its operational model and workforce across Europe, Latin America, the Middle East, Asia, and the Pacific. These efforts illustrate a consistent strategy aimed at better engaging clients, enhancing local service relevance, and offering integrated cross-border support amidst increasingly interconnected risks.

Lockton Re's Development

Lockton Re, the company's global reinsurance unit, continued to grow confidently, achieving significant expansion through an increasing client base and targeted investments in staff and professional capacities. This growth was supported by rising demand for high-quality consulting services as market conditions evolve, capital constraints increase, and the need for optimized insurance portfolios becomes crucial.

Lockton Re developed capital markets and advisory services while enhancing global portfolio management solutions and investing in products related to cybersecurity and credit risks. As a result, it positioned itself as a long-term partner for clients amidst the changing reinsurance and capital market landscape.

Innovations in Technology and AI

Over the last year, Lockton made substantial investments in data, analytics, and artificial intelligence to improve client service quality, enhance analytical support, and empower employees on its global platform. These initiatives are integral to the company's strategy for establishing leadership through high-quality advisory services while lowering operational barriers and increasing service consistency.

A cornerstone of this strategy is Lockton SAGE, the company's proprietary AI-driven technology ecosystem designed to harness data, analytics, and expertise for more precise insights, expedite decision-making, and boost confidence in addressing critical business challenges. Wider implementation of the platform is anticipated in the fiscal year 2027, with further investments planned in digital technologies and analytical solutions.

Ron Lockton emphasized, "Artificial intelligence will fundamentally reshape all aspects of risk management and insurance—from supporting human professionalism to enhancing analytical insights. Our task is to leverage technology to elevate the quality of professional judgments and deepen analytical outcomes while increasing the value we create for clients."

Corporate Culture and its Workforce

Lockton's unique corporate culture and its workforce remain at the heart of its success. With approximately 15,000 employees worldwide, Lockton continues to be recognized as one of the most desirable employers. In the fiscal year 2026, Lockton received numerous international awards, including the Best Places to Work in Insurance according to Business Insurance, Employees' Choice by Glassdoor, and U.S. Best Managed Companies by Deloitte Private and The Wall Street Journal, as well as Global Broker of the Year by Axco.

About Lockton

What sets Lockton apart from others—and makes it better—is its independence. This private ownership structure empowers Lockton’s nearly 15,000 employees to focus entirely on clients’ needs in risk management and insurance. With global expertise, Lockton ensures a deep understanding of clients’ needs necessary to achieve outstanding outcomes. For further information, please visit www.lockton.com.