Lockton annual revenue jumps 13% to $4bn

GlobalData

Tue, Jun 17, 2025, 4:02 AM 2 min read

US-based insurance brokerage Lockton has reported global revenue of $4bn for the fiscal year ending 30 April 2025, up 13% compared with last year.

The company attributed the surge in revenue to nearly 100% organic growth.

International operations exceeded $1bn in revenue, growing 15% in constant currency for the fourth consecutive year of double-digit gains, according to the company’s press release.

In the US, Lockton generated $2.7bn in revenue, up 11% from the previous year.

Lockton Re, the company’s reinsurance division, posted a 29% year-over-year revenue increase.

Lockton CEO and chairman Ron Lockton said: “Lockton is, first and foremost, a growth company, and consistent double-digit organic growth continues to set us apart from our competition.

“As broker consolidation accelerates, Lockton’s independence, performance and consistent commitment to our clients and associates continue to fuel growth and attract best-in-class talent.”

In 2024, Lockton Re expanded its footprint to 22 locations, adding offices in Dublin, Greensboro, Mexico City, Paris, San Francisco and Santiago.

The transaction liability practice reported 59% growth, the statement added.

In 2024, Ron Lockton returned as chairman and CEO, initiating key leadership appointments including Chris Brown as CEO of Lockton International, Travis Leonard as CFO, Tim Ryan as US president, Claude Yoder as chief data, analytics and digital officer, and Mark Jones as International CFO.

Under Brown’s leadership, Lockton International surpassed the $1bn figure, supported by expansions in regions such as India and the Nordics.

New CEOs were also appointed across Asia, Australia and the Middle East/North Africa.

In the US, Lockton added $265m in revenue.

The company appointed Tim Meacham as president of people solutions and established a US industry practices team led by Chris DiLullo, while integrating its property and casualty and professional and executive risk practices under Devin Beresheim.

In February, Lockton launched a data, analytics and digital Office to enhance client services using data, analytics and AI under the direction of Claude Yoder.

"Lockton annual revenue jumps 13% to $4bn " was originally created and published by Life Insurance International, a GlobalData owned brand.

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