Lockton reports $4 billion in annual revenue

Lockton Cos. LLC reported $4 billion in revenue for the fiscal year ended April 30, a 14% increase over the prior year, the brokerage announced Monday.

Nearly all the growth was organic, Lockton said.

U.S. revenue grew 11% to $2.7 billion and international revenue grew 15% to more than $1 billion, according to the privately owned brokerage.

Lockton said its reinsurance brokerage revenue increased 29%, but did not disclose a dollar figure.

Lockton is the world’s ninth-largest brokerage and the 12th-largest broker of U.S. business, according to Business Insurance’s most recent ranking.