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Lockton revenue hits $4.5B as reinsurance arm drives 12% growth
Lockton's reinsurance arm drove 12% revenue growth to $4.5B in fiscal 2026. U.S. business hit $3B, People Solutions crossed $1B. CEO Ron Lockton said AI will reshape risk and insurance.
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Lockton posted $4.5 billion in global revenue for fiscal 2026, up 12% from a year earlier, with the firm's reinsurance business leading the charge. The independent broker said organic growth hit 11%, marking the sixth straight year of double-digit organic expansion.
Lockton Re, the global reinsurance unit, delivered what the firm called strong results on expanded client relationships and geographic reach. The reinsurance arm added capital markets and capital advisory capabilities, and invested in cyber and credit offerings. Insurers are demanding more sophisticated advisory support as capital constraints and portfolio optimization pressures mount, Lockton said.
The U.S. business generated just under $3 billion in revenue, up 11% year over year. Client retention held firm, and the firm expanded national industry verticals and specialty practices across its Risk and People Solutions segments. People Solutions revenue crossed $1 billion for the first time.