Insurance Broker Lockton Reaches $1 Billion Milestone

New business and client loyalty drive double-digit revenue growth

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Jul 22, 2013, 12:20 ET

KANSAS CITY, Mo., July 22, 2013 /PRNewswire/ -- Lockton, the world's largest privately held insurance broker, posted record revenue in its recently completed fiscal year, exceeding $1 billion in revenue for the first time.

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Lockton Revenue 2009-2013
2009	734,140,000
2010	769,999,000
2011	835,775,000
2012	911,933,000
2013	$1,016,751,000

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.

"Our focus has always been about earning client loyalty and earning new business by making a difference for our clients," said David Lockton, Chairman of Lockton, Inc. "We always believed that if we did that well, revenue would follow."

John Lumelleau, President and CEO of Lockton, Inc., said, "Lockton is well positioned around the world to serve the best interests of our risk management and employee benefits clients. Our growth is a direct result of our Associates building trust with our clients."

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, a level of sustained organic growth that no other broker has achieved.

Lockton currently ranks 9th on the Business Insurance magazine list of global insurance brokers. For four consecutive years, Business Insurance and Best Companies Group have recognized Lockton as the only global broker to earn the Best Places to Work in Insurance award.

"We focus our energy on three key stakeholders: our clients, our Associates, and our communities," said David Lockton. "They all value our independent status, and we intend to stay private."

Lockton is headquartered in Kansas City, Missouri.

SOURCE Lockton