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Lockton reports 10.3% revenue growth in 2018

Revenue growth

Lockton Cos. LLC saw revenue grow 10.3% to $1.72 billion for fiscal year 2018 ended April 30, the broker said in a statement Thursday.

U.S. operations accounted for $1.3 billion in revenue, up 11.1% from a year ago, while international operations grew 5.0% to $420 million.

In the U.S., Lockton saw organic growth of 11% over the previous fiscal year as property/casualty grew revenue 10% year-over-year and the employee benefits business increased by 13.3%, the statement said.

Revenue at Lockton International grew 8.3% organically for the fiscal year, the statement said.

Peter Clune, executive vice president, U.S. president and chief operating officer, called it the “the best financial year in the history of our company,” in the statement.

“Our international business has solid natural momentum,” Neil Nimmo, CEO of Lockton International, added in the statement.




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