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LOCKTON SURPASSES $4 BILLION IN FY2025 REVENUE, DRIVEN BY INDUSTRY-LEADING ORGANIC GROWTH AND RELENTLESS FOCUS ON CLIENTS Global alignment and executive appointments fuel Lockton’s fifth straight year of double-digit organic growth  KANSAS CITY, MO, USA – Lockton, Inc., the world’s largest independent and privately held insurance brokerage, recorded global revenue of $4.0 billion for the fiscal year ending April 30, 2025—representing a five-year compound annual growth rate (CAGR) of more than 16%.  Key Fiscal Year 2025 Highlights  Global revenue grew 13% to $4.0 billion, driven by nearly 100% organic growth—marking Lockton's fifth consecutive year of double-digit organic growth.  International operations exceeded $1 billion, growing 15% in constant currency, marking a fourth consecutive year of double-digit growth.  U.S. operations reached $2.7 billion, growing 11%, and continuing a seven-year streak of double-digit organic growth.  Lockton Re grew 29% year-over-year, continuing its global expansion.  Lockton’s Transaction Liability practice cemented its industry-leading position, completing a record number of transactions and growing 59% year-over-year. “Lockton is, first and foremost, a growth company, and consistent double-digit organic growth continues to set us apart from our competition,” said Ron Lockton, Chairman and CEO. "As broker consolidation accelerates, Lockton’s independence, performance, and consistent commitment to our clients and Associates continue to fuel growth and attract best-in-class talent.”  Leadership & Strategic Appointments In 2024, Ron Lockton resumed his role as Chairman and CEO, leading a series of key executive appointments to strengthen the company’s global leadership. These included Chris Brown as CEO of Lockton International, Travis Leonard as CFO, Tim Ryan as U.S. President, Claude Yoder as Chief Data, Analytics and Digital Officer, and Mark Jones as International CFO. These leaders, working alongside established executives such as Tim Gardner, CEO of Lockton Re, bring diverse expertise and a shared vision for sustained growth."We continue to promote and hire proven leadership across our global enterprise," said Ron Lockton. “We are taking swift action on our strategic priorities including aligning our specialty practices, products and verticals across the globe.” International Growth Lockton International, under the leadership of CEO Chris Brown, surpassed the $1 billion mark with a 15% growth rate in constant currency, nearly double the growth rate of other global brokers. Across the International footprint, the company has strategically expanded its geographic presence and operations to ensure accessible client service, including Lockton's largest investment in Asia to date—in India—as well as expanded operations in the Nordics. The company has also appointed new CEOs in Asia, Australia and the Middle East/North Africa. U.S. Business Performance Lockton’s U.S. business added $265 million in revenue, bringing total U.S. revenue to $2.7 billion, resulting in the seventh straight year of double-digit organic revenue growth. In August, longtime Lockton executive Tim Ryan was named U.S. President. In February, former regional COO Tim Meacham was appointed President of People Solutions to lead a common, enterprise approach to delivering consistent client value across the U.S. Additionally, to further align services with client needs and to enhance delivery of individualized solutions, the firm established a U.S. Industry Practices team, led by Chris DiLullo, and unified the firm’s Property & Casualty and Professional & Executive Risk practices under the leadership of U.S. Risk Solutions Leader Devin Beresheim. Geographic growth in the U.S. included a new office in Austin and expansion of other offices across the country.  Lockton Re Lockton Re, the company’s reinsurance business, achieved 29% revenue growth. In 2024, the business celebrated its fifth anniversary, a period during which the business experienced extensive growth, having established a global footprint of 22 locations—expanding nationally in Greensboro and San Francisco and globally in Dublin, Mexico City, Santiago, and Paris. Serving more than 300 clients, Lockton Re has a global team of over 500 colleagues working across 20 global segments, including Agriculture, Capital Advisory and Portfolio Solutions, which launched in the last year. With continued investment in talent and new specialties, Lockton Re is positioned for another high-growth year. Digital & Innovation To modernize Lockton’s capacity for leveraging data and technology in service to clients, the company established a Data, Analytics and Digital Office, led by innovation and analytics expert Claude Yoder. The office provides an entirely new paradigm for using technology, data analytics and AI to deliver valuable, data-driven insights to help clients mitigate and address risk. The Digital Office is already delivering insights that help clients anticipate volatility, manage complex risk, and make smarter, faster decisions. Culture & Talent Lockton continues to attract top talent by delivering unmatched client value. This people-first approach powers its industry-leading organic growth across all marketing cycles. Recognized globally for its culture, Lockton has earned numerous workplace accolades—including five consecutive U.S. Best Managed Company honors, 16 years as a Best Places to Work in Insurance, a Bell Seal for Workplace Mental Health honor, and Glassdoor’s 2025 Employees’ Choice Awards Best Places to Work award. Internationally, Lockton is certified as a Great Place to Work in Australia, New Zealand and Mexico. “I am proud of our Lockton Associates for consistently earning exceptionally high client satisfaction scores that drive outstanding client retention rates,” said Ron Lockton. “By staying true to who we are, we have navigated through every trend in insurance brokerage for nearly 60 years. Our uncommon business model and private ownership, combined with a great workplace culture, create a powerful advantage for our clients and our people.” About Lockton  What makes Lockton stand apart is also what makes us better: independence. Lockton’s private ownership empowers its 13,100+ Associates doing business in more than 155+ countries to focus solely on clients’ risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results. For more information, visit www.lockton.com.

Lockton surpasses $4.0B in FY2025 revenue, driven by industry-leading organic growth and relentless focus on client.

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Lockton Surpasses $4B in FY2025 Revenue

Lockton, the world’s largest independent insurance brokerage, has announced today the unification of its U.S.-based Lockton Financial Services (LFS) and International ProFin teams under a single, global practice: Lockton Professional and Executive Risk.   This strategic integration brings together the expertise of more than 750 talented Associates worldwide into a single platform designed to further enrich Lockton’s ability to create and deliver best-in-class client value.   The new structure supports what Lockton has always done best—go beyond traditional insurance offerings by delivering an insurance and risk management experience that brings a truly global perspective. With greater global connectivity, Lockton Professional and Executive Risk will help clients address their professional, executive, financial, and cyber risks no matter where they operate.  "In today’s complex and interconnected environment, companies and their boards require a trusted partner that sees their risk holistically," said Devin Beresheim, Executive Vice President and U.S. Head of Professional and Executive Risk at Lockton. “Lockton Professional and Executive Risk delivers tailored solutions to help corporate boards and C-suite executives proactively mitigate their most pressing risks on a global level, so they can focus on growing their business.”  “Through our globally connected team, we can ensure even broader knowledge sharing, deeper risk insights, and the ability to anticipate emerging threats with greater response and precision,” said Leo Flindall, U.K. Head of Professional and Executive Risk at Lockton. “The launch of this unified team is another milestone for Lockton, reflecting our commitment to continually improving our standard for client service.”  Lockton Professional and Executive Risk serves clients across a range of industries, delivering global insurance broking, risk advisory, and claims support for all major financial and professional insurance lines. Areas of expertise include directors and officers liability, cyber, general partnership liability, errors and omissions/professional indemnity, employment practices liability, fidelity/crime, fiduciary liability, insurance solutions for digital assets.  For more information about Lockton’s Professional and Executive Risk team and our suite of capabilities, contact your local Lockton office or visit your regional Professional and Executive Risk homepage below.  USA | UK | APAC | MENA | AUS | LATAM

Lockton, the world’s largest independent insurance brokerage, has announced today the unification of its U.S.-based Lockton Financial Services (LFS) and International ProFin teams under a single, global practice: Lockton Professional and Executive Risk. 

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Lockton launches Professional and Executive Risk, transforming its global financial lines business

London, February 4th 2025 – Lockton, the world’s largest independent insurance broker, has appointed Mark Jones as its new International Chief Financial Officer (CFO), effective immediately.  Mark has over two decades of financial leadership experience in the global insurance brokerage sector. He joins Lockton from Marsh, where he was CFO for Mercer Marsh Benefits (MMB) and CFO for Marsh Specialty and Global Placement. His responsibilities included driving strategic initiatives and enhancing reporting capabilities. As International CFO, Mark will actively contribute to Lockton’s growth strategy across five regions: Europe, MENA, Asia Pacific, and Latin America. He will focus on investment opportunities and oversee strong financial management to support client priorities and new products and services.  Chris Brown, CEO of Lockton International, stated: “Mark’s vast experience and proven track record in the global insurance sector make him an exceptional addition to Lockton. Under his leadership, I am confident he will continue to build our financial strength and maintain market-leading organic growth rates in our International business. “Mark’s appointment follows Andrew Monkhouse’s decision to retire as Lockton’s International CFO. During his eight years with Lockton, Andrew has been instrumental to our clients and driving our international success. His leadership has extended right across the global finance community. He will work closely with Mark and support his transition over the coming months.” Reflecting on his new role, Mark Jones, International CFO at Lockton, said: “I am very excited to join Lockton and contribute to its dynamic, client-first culture. Globally, Lockton has enjoyed tremendous momentum, reflecting the strength of its independence and client-focused approach. I look forward to working with the team to expand and improve what we can do for clients.” Mark’s career journey began at PwC, where he qualified as a Chartered Accountant and worked for 12 years, specialising in financial services. He subsequently joined Jardine Lloyd Thompson (JLT), where he held senior finance leadership roles, including Deputy Group Finance Director and CFO for JLT Specialty. Following Marsh’s acquisition of JLT in 2019, Mark served as CFO for Marsh Specialty and Global Placement and later Mercer Marsh Benefits.

Lockton, the world’s largest independent insurance broker, has appointed Mark Jones as its new International Chief Financial Officer (CFO), effective immediately.  

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Lockton appoints Mark Jones as International Chief Financial Officer

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