KANSAS CITY, Mo., June 11, 2026 /CNW/ — Lockton, the world's largest privately held, independent insurance brokerage, today reported strong financial results for fiscal year 2026. Global revenue increased 12% year over year to approximately $4.5 billion, including 11% organic growth, reflecting sustained momentum across the business and continued investment in talent, technology, and global capabilities.
This performance marks Lockton's sixth consecutive year of double-digit organic growth, underscoring the strength of its client relationships, diversified business model, and long-term investment strategy. Despite a mixed insurance market, Lockton achieved this milestone through consistent focus on client needs and strategic investments.
Exceptional Year for Lockton
"Fiscal year 2026 was another exceptional year for Lockton," said Ron Lockton, chairman and chief executive officer. "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. 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. Against that backdrop, Lockton's diversified platform delivered balanced growth across regions and businesses.
Lockton International and Lockton Re each delivered approximately 15% growth. U.S. operations delivered an eighth year of double-digit growth, despite uneven conditions across regions and product lines.
U.S. Highlights
Lockton's U.S. business delivered another strong year, continuing a pattern of sustained momentum across the market. U.S. revenue finished just under $3 billion, up 11% year over year, marking the U.S. business's eighth consecutive year of double-digit growth.
This performance was supported by strong client retention and continued growth in key parts of the business. Backed by one of the industry's strongest producer groups and highly collaborative service teams, Lockton achieved a 94% client revenue retention rate.
The firm also continued to strengthen its U.S. 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, reflecting sustained demand for integrated benefits, wellbeing, and advisory services. Together, these investments concentrate expertise, improve consistency, and make advanced capabilities more accessible to clients across markets.
