Lockton Posts $4.5B Revenue on Sixth Straight Year of Double-Digit…

Event summary

Lockton's fiscal year 2026 revenue hit $4.5B, up 12% YoY, with 11% organic growth.
U.S. operations grew 11% to nearly $3B, marking eight consecutive years of double-digit growth.
International business and Lockton Re each grew 15%, driven by People Solutions and specialty lines.
Lockton SAGE, an AI-enabled technology ecosystem, will begin broader deployment in fiscal year 2027.
Client revenue retention rate stood at 94%, supported by strong producer groups and service teams.

The big picture

Lockton's sustained growth underscores the advantages of its private, independent model, allowing long-term investment in talent, technology, and global capabilities. The firm's diversified platform delivered balanced growth despite mixed insurance market conditions, highlighting its resilience and strategic adaptability. With nearly 15,000 employees globally, Lockton continues to strengthen its position as a leader in the insurance brokerage industry.

What we're watching

Technology Integration: How Lockton SAGE will enhance advisory expertise and client service.
Market Conditions: Whether Lockton can sustain growth amid softening global property rates and pricing pressure in casualty lines.
Global Expansion: The pace at which Lockton's international operations will grow, particularly in Switzerland, Saudi Arabia, and Italy.