Lockton, the privately held, independent insurance brokerage, reported strong financial results for fiscal year 2026, with global revenues increasing 12% year over year to approximately $4.5 billion, with organic growth of 11%.
This performance marks Lockton’s sixth consecutive year of double‑digit organic growth, Lockton said.
“Fiscal year 2026 was another exceptional year for Lockton,” said Ron Lockton, chairman and chief executive officer, in a statement. “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.”
Resilient Performance in a Challenging Market
Lockton’s results were particularly strong given market conditions during fiscal year 2026, which ended April 30, the company said.
Global property rates softened as capacity improved and competition increased, while casualty lines in the U.S. continued to experience pricing pressure and elevated loss‑cost trends, Lockton said. Nevertheless, Lockton noted that its diversified platform still delivered balanced growth across regions and businesses.
US Highlights
Lockton’s U.S. business delivered another strong year, with revenue finishing just under $3 billion, up 11% year over year – marking the U.S. business’s eighth consecutive year of double-digit growth.
Lockton said this performance was supported by strong client revenue retention rate of 94%.
“The firm also continued to strengthen its U.S. platform by expanding national industry verticals and specialty practices across Risk and People Solutions,” Lockton said, noting that revenue in People Solutions surpassed $1 billion for the first time, reflecting sustained demand for integrated benefits, wellbeing, and advisory services.
International Highlights
Lockton’s international business also delivered a strong year, despite uneven conditions across regions. The business achieved 15% growth, driven in part by 27% growth from People Solutions and ongoing strength in retail and specialty lines.
Lockton said it also continued to strengthen its international platform during the year, 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.
“Together, these investments reflect a deliberate strategy to be closer to clients, operate with greater local relevance, and deliver integrated expertise across borders as risk grows more global and interconnected,” Lockton said.
Lockton Re
The company’s reinsurance business, Lockton Re, continued its strong growth trajectory, delivering revenue growth of approximately 15%. “The business benefited from increased demand for sophisticated advisory support as insurers navigated evolving market dynamics, capital constraints, and portfolio optimization challenges,” the broker added.
Lockton Re continued to build out its capital markets and capital advisory capabilities during the past year, while enhancing global portfolio solutions and investing in cyber‑ and credit‑related offerings, which aim to enhance support of clients “across a broader range of risk transfer and capital solutions.”
Technology, AI, and Innovation
Lockton also made significant investments in data, analytics, and artificial intelligence to enhance client service, improve insight, and empower associates across its global platform.
At the center of this work is Lockton SAGE, a proprietary, AI‑enabled technology platform, which is designed to connect data, analytics, and expertise to deliver smarter insights, faster decisions, and greater confidence across critical business decisions, Lockton said.
“Broader deployment of the platform will begin in fiscal year 2027, with continued investment planned across digital, analytics, and data capabilities,” the company added.
“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.”
Source: Lockton
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