Independent and privately owned broker Lockton generated revenue of approximately £2.9bn in the year ended 30th April 2025. This was up by 13% on the previous year and was almost entirely the result of organic growth. Lockton said this was the fifth consecutive year it had achieved double-digit organic growth.

The broker said its Lockton Re division grew by 29% year-over-year, while its transaction liability practice grew by 59% on an annualised basis.

Ron Lockton, chairman and CEO of Lockton, said: “Lockton is, first and foremost, a growth company, and consistent double-digit organic growth continues to set us apart from our competition.

“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.”