"Our teams around the world delivered great results for our clients and that is reflected in our financial results," said David LOCKTON, Lockton, Inc. executive chairman. "Our business has never been stronger, and we start this new fiscal year with tremendous momentum."
Lockton posted organic growth in the U.S.A. of USD 84 million, 7.7%, with the employee benefits business leading the way with 14.1% y-o-y revenue growth. Lockton's international operations grew 10.9%, surpassing the GBP 300 million mark for the first time. The company also prides itself with a 96% client loyalty.
"We continue to see opportunities for growth," said Ron LOCKTON, president and CEO. "But we see it not just as economic or revenue growth, but growth in the value we deliver for clients and professional growth for our Associates around the world."
Lockton earned several significant honors in the past year, including:
- J.D. Power Award for highest performing large commercial broker.
- Best Places to Work in Insurance for the ninth year from Business Insurance magazine and Best Companies Group.
- America's Best Mid-Sized Employers award from Forbes for the third year.
- Cyber brokerage firm of the year from Insurance Insider magazine in the UK.
Founded in 1966, Lockton, which defines itself as "the world's largest privately held, independent insurance broker", is a global professional services firm with 7,000 Associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world's largest privately held, independent insurance broker by helping clients achieve their business objectives.