Lockton posts 12% revenue growth, hits $4.5bn in FY26

Lockton has reported global revenue of around $4.5bn for the fiscal year ended 30 April 2026, up 12% year-on-year, with organic growth of 11%.

According to the insurance brokerage, this is the sixth consecutive year in which the company has achieved organic growth in double digits.

Lockton noted that the performance had been achieved despite several challenging market conditions including weaker global property insurance rates, heightened competition and ongoing pricing pressure within US casualty lines.

Lockton International and Lockton Re both posted growth of around 15% for the year.

Meanwhile, the company’s US business recorded its eighth consecutive year of double-digit growth, with revenue climbing by 11% to just under $3bn.

Client revenue retention stood at 94% for the year.

The company’s People Solutions division surpassed $1bn in revenue for the first time.

Lockton also broadened its national industry verticals and specialty practices across both its Risk and People Solutions businesses during the period.

On the international side, revenue grew by 15%, with People Solutions expanding by 27% and retail and specialty lines maintaining momentum.

The company also extended its presence into Switzerland, Saudi Arabia and Italy, alongside investments in leadership, operating structures and client service teams spanning Europe, Latin America, the Middle East, Asia and the Pacific.

Lockton Re’s growth was attributed to broadened client relationships, geographic expansion, and ongoing investment in staff, leadership and capabilities.

The reinsurance arm continued to build out its offerings in capital markets, capital advisory, global portfolio solutions, and cyber and credit-related areas.

The company increased its investment in data, analytics and AI over the course of the year.

A key part of this effort is Lockton SAGE, an AI-enabled technology ecosystem intended to link data, analytics and expertise across the business.

Wider rollout of the platform is due to begin in fiscal year 2027 (FY27) as part of the company’s ongoing investment in digital, analytics and data capabilities.

Lockton chairman and CEO Ron Lockton said: “Fiscal year 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 and independent model.

“Our structure allows us to invest with a long-term horizon, adapt quickly to emerging client and market needs, and continually reinvest in the capabilities, insights and innovations that help clients navigate an increasingly complex risk environment.”