With Double-Digit Growth, Lockton Reaches $1B Milestone

Kansas City, Mo.-based insurance broker, Lockton, announced it has had a very good year – exceeding $1 billion in revenue for the first time.

Lockton posted fiscal 2013 revenue of $1,016,751,000, an increase of 11 percent from fiscal 2012 revenue. The privately held insurance broker’s fiscal year ends April 30.

Lockton provides risk management and employee benefits consulting to more than 35,000 clients around the world. Lockton has 4,950 Associates in 64 offices in North America, Europe, South America, Asia and Australia.

The company was founded in Kansas City in 1966, and has grown primarily through organic growth rather than acquisition.

This is the 47th consecutive year that Lockton increased its revenues, the company said.

Source: Lockton