Lockton Posts Record Year-over-Year Company Growth

Today, Lockton, the world’s largest privately held global broker, posted record-breaking revenue of $2.69 Billion in the 2022 fiscal year that ended on April 30,. This is 27% more than the prior year, almost all organic.

“Our results are the outcome of being comprised of amazing people who are passionate about serving clients,”  Ron Lockton, Chairman. “All credit belongs directly to them. I’m proud that our private ownership allows us to pursue a long-term strategy where our decision-making focuses on our clients, our people and our communities.”

Lockton has attracted a remarkable roster of industry talent over the past twelve months, more than 1,200 people, across all lines of business. Lockton continues to focus on building innovative capabilities to meet client needs, including investments in Transaction Liability, Cyber, Surety and Marine. New offices in the USA allowed for geographic market expansion. Europe, Scandinavia, New Zealand and Latin America.

“We are posting significant organic growth numbers in a brokerage industry where growth is typically driven by mega-mergers, large acquisitionsAnd private equity roll-ups,” Peter Clune, CEO. “Executing on a true organic growth strategy requires a different skillset where you’re attracting people and clients one handshake at a time. We’ve experienced seismic momentum over the last 36 months, and after 56 years, we’re just getting started.”

Lockton has been named the Best Place to Work for Insurance 13 times in a row. The company is a 2022 US Best-Managed Company. Forbes also recognized Lockton’s 2022 Best Large Employer award and Best Employer of Diversity.

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