Lockton Cos. LLC reported $4 billion in revenue for the fiscal year ended April 30, a 14% increase over the prior year, the brokerage announced Monday.
Nearly all the growth was organic, according to Lockton, whose fiscal year ended April 30.
U.S. revenue grew 11% to $2.7 billion and international revenue grew 15% to more than $1 billion, the privately owned brokerage said.
Lockton said its reinsurance brokerage revenue increased 29%, but did not disclose a dollar figure.
Lockton is the world’s ninth-largest brokerage and the 12th-largest broker of U.S. business, according to Business Insurance’s most recent ranking.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.