Lockton, an independent insurance broker, has reported a 12% year-over-year increase in global revenue to approximately $4.5 billion for fiscal year 2026, with continued strong growth at Lockton Re, the firm’s global reinsurance business.
The firm noted that the revenue increase included 11% organic growth, marking Lockton’s sixth consecutive year of double-digit organic growth and underscoring the strength of its client relationships, diversified business model, and long-term investment strategy.
Lockton Re delivered strong results in fiscal year 2026, supported by expanded client relationships, geographic expansion, and targeted investments in talent, leadership, and capabilities.
The reinsurance business benefited from increased demand for sophisticated advisory support as insurers navigated evolving market dynamics, capital constraints, and portfolio optimisation challenges.
Lockton Re continued to build out its capital markets and capital advisory capabilities, enhance global portfolio solutions, and invest in cyber‑ and credit‑related offerings, positioning the business to support clients across a broader range of risk transfer and capital solutions.
Lockton highlighted that its US business delivered another strong year, with revenue of just under $3 billion, up 11% year-over-year, driven by strong client retention and continued growth across key areas of the business.
The firm strengthened its US platform by expanding national industry verticals and specialty practices across Risk and People Solutions. In People Solutions, revenue surpassed $1 billion for the first time.
Lockton’s international business also delivered strong results, posting 15% growth, driven in part by 27% growth in People Solutions and ongoing strength in retail and specialty lines.
Lockton expanded its international platform across Switzerland, Saudi Arabia, and Italy while continuing to invest in its operating model, leadership, and client service teams across Europe, Latin America, the Middle East, Asia, and the Pacific.
Ron Lockton, Chairman and Chief Executive Officer, 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.”
Lockton also made significant investments in data, analytics, and artificial intelligence over the past year, aiming to enhance client service, improve insight, and empower associates across its global platform.
“Artificial intelligence will reshape every aspect of risk and insurance,” said Ron Lockton. “We see AI as an accelerator of human expertise, not a substitute for it. Our focus is on using technology to enhance judgment, insight, and the value we deliver to clients.”
