Independent insurance brokerage Lockton reported that global revenue increased 12% year-on-year to approximately US$4.5 billion in fiscal 2026, as the company’s global reinsurance business, Lockton Re, continued to grow strongly.
The company noted that revenue growth included 11% organic growth, marking Lockton’s sixth consecutive year of double-digit organic growth and underscoring the strength of its customer relationships, diversified business model and long-term investment strategy.
Lockton Re delivered strong results in fiscal 2026, supported by expanded customer relationships, geographic expansion and targeted investments in talent, leadership and capabilities.
Reinsurance businesses benefit from increased demand for complex advisory support as insurers deal with changing market dynamics, capital constraints and portfolio optimization challenges.
Lockton Re continues to develop its capital markets and capital advisory capabilities, enhancing global portfolio solutions and investing in cyber and credit-related products, enabling the business to support clients with a wider range of risk transfer and capital solutions.
Lockton highlighted that its U.S. business had another strong year, with revenue of just under $3 billion, up 11% year-on-year, driven by strong customer retention and continued growth in key business areas.
The company is strengthening its U.S. platform by expanding national industry verticals and specialty practices in risk and people solutions. People Solutions’ revenue exceeds $1 billion for the first time.
Lockton’s international business also delivered strong results, growing 15%, driven in part by growth of 27% in People Solutions and continued growth in its retail and professional product lines.
Lockton has expanded its international platform in 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.
“FY 2026 is another extraordinary year for Lockton,” said Ron Lockton, chairman and chief executive officer.
“Our performance reflects the trust our clients have placed in us, the quality of our people and the strength of our private and independent model. Our structure allows us to invest for the long term, adapt quickly to emerging client and market needs, and continually reinvest in capabilities, insights and innovation to help clients navigate an increasingly complex risk environment.”
Over the past year, Lockton has also made significant investments in data, analytics and artificial intelligence to enhance customer service, improve insights and support employees across its global platform.
“Artificial intelligence will reshape every aspect of risk and insurance,” said Ron Lockton. “We view AI as an accelerator, not a replacement, for human expertise. Our focus is on leveraging technology to enhance judgment, insight and the value we deliver to our customers.”
