Strong performance at Lockton Re helps lift group revenue to $4bn

Lockton Re, the reinsurance arm of the independent insurance brokerage, achieved 29% revenue growth in the fiscal year ending April 30, 2025.

According to the firm, in 2024, the business experienced extensive growth, having established a global footprint of 22 locations. With continued investment in talent and new specialties, Lockton Re is reportedly positioned for another high-growth year.

Meanwhile, Lockton’s U.S. business added $265 million in revenue during the fiscal year 2025, bringing total U.S. revenue to $2.7 billion, resulting in the seventh straight year of double-digit organic revenue growth.

At the same time, Lockton International, under the leadership of CEO Chris Brown, surpassed the $1 billion mark with a 15% growth rate in constant currency.

With all this in mind, Lockton recorded a total global revenue of $4 billion for the fiscal year ending April 30, 2025, representing a five-year compound annual growth rate of more than 16%.

Ron Lockton, Chairman and CEO of the firm, commented, “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.”

Ron Lockton continued, “I am proud of our Lockton Associates for consistently earning exceptionally high client satisfaction scores that drive outstanding client retention rates.

“By staying true to who we are, we have navigated through every trend in insurance brokerage for nearly 60 years. Our uncommon business model and private ownership, combined with a great workplace culture, create a powerful advantage for our clients and our people.”

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