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Achieving double-digit organic growth for six consecutive years, driving global performance
Kansas City, MissouriJune 12, 2026 /PRNewswire/ — Lockton, the world’s largest privately held independent insurance brokerage, today announced strong financial results for fiscal year 2026, with global revenue increasing 12% year-over-year to approximately $4.5 billion, including 11% organic growth, reflecting sustained growth momentum and continued investment in talent, technology, and global capabilities.
This performance marks Lockton’s sixth consecutive year of double-digit organic growth, highlighting the strength of its client relationships, the diversity of its business model, and the effectiveness of its long-term investment strategy.
Chairman and CEO Ron Lockton said: “Fiscal 2026 was another exceptional year for Lockton. Our results reflect the trust our clients place in us, the quality of our people, and the advantages of our private, independent model. Our structure allows us to invest with a long-term perspective, adapt quickly to evolving client and market needs, and continuously reinvest in capabilities, insights, and innovation to help clients navigate an increasingly complex risk environment.”
Resilient Performance in a Challenging Market
Lockton’s performance is particularly notable given the market conditions in fiscal 2026 (ending April 30). Global property insurance rates softened as underwriting capacity increased and competition intensified; meanwhile, the U.S. casualty insurance business continued to face pricing pressures and rising claims costs. Against this backdrop, Lockton’s diversified platform achieved balanced growth across regions and lines of business.
- Lockton International and Lockton Re each grew approximately 15%.
- Despite uneven conditions across regions and product lines, the U.S. business achieved its eighth consecutive year of double-digit growth.
U.S. Business Highlights
Lockton’s U.S. business delivered another strong performance, maintaining sustained growth momentum across the market. U.S. revenue approached $3 billion, up 11% year-over-year, marking the eighth consecutive year of double-digit growth for the U.S. business.
This performance was driven by strong client retention and continued growth in key business segments. Leveraging industry-leading business teams and highly collaborative service teams, Lockton achieved a 94% client revenue retention rate.
The company also continued to strengthen its U.S. platform, expanding national industry verticals and specialized services across its Risk Solutions and People Solutions segments. In People Solutions, revenue surpassed $1 billion for the first time, reflecting sustained demand for comprehensive benefits, health management, and consulting services. These investments collectively consolidated expertise, improved service consistency, and provided clients across markets with easier access to advanced capabilities.
International Business Highlights
Lockton’s international business also performed strongly, continuing to build momentum in key markets. Despite varying conditions across regions, the business grew 15%, partly driven by 27% growth in People Solutions and continued strong performance in retail and specialty lines.
Throughout the year, Lockton also strengthened its international platform, expanding operations in Switzerland, Saudi Arabia, and Italy, while further investing in its operating model, leadership, and client service teams across Europe, Latin America, the Middle East, Asia, and the Pacific. These investments collectively reflect a deliberate strategy: to get closer to clients, operate with greater local relevance, and deliver integrated expertise across borders in an increasingly globalized and interconnected risk landscape.
Lockton Re
Lockton Re, the company’s global reinsurance business, continued its strong growth trajectory, achieving meaningful growth driven by expanded client relationships, geographic expansion, and targeted investments in talent, leadership, and capabilities. As insurers navigate evolving market dynamics, capital constraints, and portfolio optimization challenges, the business benefited from growing demand for sophisticated advisory support.
Lockton Re continued to expand its capital markets and capital advisory capabilities, enhance global portfolio solutions, and invest in network and credit-related products, positioning itself to support clients across a broader spectrum of risk transfer and capital solutions. These investments reinforced Lockton Re’s position as a long-term partner to clients amid the evolving reinsurance and capital markets landscape.
Technology, AI, and Innovation
Over the past year, Lockton made significant investments in data, analytics, and artificial intelligence to enhance client service, improve insights, and empower employees across its global platform. These initiatives are central to the company’s strategy of leading the market through advisory expertise while reducing service friction and improving client experience consistency.
At the core of this effort is Lockton SAGE — a proprietary, AI-enabled technology ecosystem designed to connect data, analytics, and expertise to deliver smarter insights, faster decisions, and greater confidence in critical business decisions. Broad deployment of this platform will begin in fiscal 2027. Meanwhile, the company plans to continue investing in digital, analytics, and data capabilities.
Ron Lockton said: “Artificial intelligence will reshape every aspect of risk and insurance. We view AI as an accelerator of human expertise, not a replacement. Our focus is on using technology to enhance judgment, insight, and the value we create for clients.”
Culture and Talent
Lockton’s performance continues to benefit from its unique corporate culture and talent. The company employs nearly 15,000 people globally and is consistently recognized as a top employer. In fiscal 2026, Lockton received numerous workplace and industry accolades worldwide, including being named one of the “Best Places to Work in Insurance” by Business Insurance, a Glassdoor “Employees’ Choice Award” winner, a U.S. Best Managed Company by Deloitte Private and The Wall Street Journal, and “Global Broker of the Year” by Axco, among others.