Lockton
Lockton is the world's largest privately held insurance brokerage, providing risk management, commercial insurance, employee benefits, reinsurance, and retirement solutions to large corporate and multinational clients across 150+ offices globally, with $4.5 billion in FY2026 revenue.
- Company typePrivate
- Founded1966
- HeadquartersKansas City, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Lockton does
Lockton is the world's largest privately held insurance brokerage, founded in 1966 and headquartered in Kansas City, Missouri. The company provides customized risk management, insurance brokerage, employee benefits, and retirement solutions to large corporate clients, multinational corporations, and insurance carriers across more than 150 offices worldwide. Its core offerings include commercial lines placement, employee benefits consulting, reinsurance brokerage (Lockton Re, operating across 22 locations), and capital markets services such as catastrophe bond structuring through Lockton Re Capital Markets. Additional product lines include the Transactional Lines Division focused on M&A and private equity transactional liability (launched in India in November 2024), and LocktonThrive, an AI-powered employee wellbeing platform developed with AdvantageClub.ai for the Indian market.
The company's revenue model is commission- and fee-based, drawing from insurance brokerage commissions across commercial lines and benefits, transaction and structuring fees from reinsurance and capital markets instruments (e.g., cat bonds), and advisory fees from risk management consulting. Go-to-market is primarily direct enterprise field sales, organized around regional CEOs for each market (China, India, Malaysia, Saudi Arabia, Switzerland), supplemented by association-based channels such as the ASHHRA Preferred Partner Program. Lockton reported $4.0B in revenue in FY2025 and $4.5B in FY2026, marking six consecutive years of double-digit growth and a five-year CAGR exceeding 16%. The company has been actively expanding geographically (Saudi Arabia retail in November 2025, reinsurance in April 2026; Switzerland in November 2025) and through bolt-on acquisitions including Benefit Communication Insourcing (August 2025) and Arihant Insurance Brokers (October 2024). Technology differentiation is modest; Lockton's proprietary features center on domain-specialized market intelligence (Lockton Market Update reports), capital markets structuring capabilities, and the third-party-powered LocktonThrive platform.
Lockton firmographics
Firmographics- Name
- Lockton
- Legal name
- Lockton Companies
- Website
- https://lockton.com
- Company type
- Private
- Founded year
- 1966
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Lockton is the world's largest privately held insurance brokerage, providing risk management, commercial insurance, employee benefits, reinsurance, and retirement solutions to large corporate and multinational clients across 150+ offices globally, with $4.5 billion in FY2026 revenue.
- Ownership category
- akta.pro rank
Lockton industry classification
Industry- Product category
- Insurance Brokerage
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Captive Insurance Advisory & Management (FSAEADAF)
- akta.pro secondary industry
- Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
Keywords
Where Lockton is headquartered
LocationHeadquarters
- HQ city
- Kansas City
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Lockton business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Brokerage Commissions: Lockton generates revenue as an independent insurance broker providing customized risk, benefits, and retirement solutions. Revenue comes from commissions on insurance policies placed for clients across commercial lines, employee benefits, and specialty risks.
- Reinsurance Services: Lockton Re provides reinsurance brokerage services including treaty and facultative solutions. The division also serves as structuring agent and bookrunner for catastrophe bonds and other capital markets instruments, generating fees from these transactions.
- Risk Management Advisory: Revenue generated from providing risk management consulting, analytics services, and specialized insurance solutions for multinational corporations and local insurers.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels10 records
Lockton product offering
Product offeringCore offering
Lockton is the world's largest privately held independent insurance brokerage placing commercial insurance policies, providing employee benefits advisory, and offering retirement and risk management solutions for large organizations. The firm also operates Lockton Re, a global reinsurance brokerage and capital markets structuring arm, and delivers specialized coverage such as transactional liability for M&A and private equity through its Transactional Lines Division.
Product overview
Lockton is the world's largest privately held independent insurance brokerage offering customized solutions for risk, benefits, and retirement needs. The company operates through its core reinsurance division (Lockton Re) with global operations spanning retail, wholesale, and capital markets capabilities. Key product offerings include transactional liability services through its India Transactional Lines Division and the AI-powered employee wellbeing platform LocktonThrive developed with AdvantageClub.ai. The company also publishes the Lockton Market Update providing market intelligence on construction, healthcare, and specialty insurance sectors.
Differentiator
Problem solved
Functional benefit
Brands
- Lockton Re: Reinsurance division of Lockton providing treaty and facultative solutions with global wholesale expertise
- LocktonThrive
- Transactional Lines Division
Products and services
- Commercial Insurance Brokerage Customized placement of commercial insurance lines for large corporate clients across industries including aerospace, telecommunications, construction, and healthcare. Lockton brokers policies and advises on coverage structures tailored to each client's risk profile.
- Employee Benefits Solutions
Quantifiable outcome
- Six consecutive years of double-digit revenue growth
- +2 more outcomes
Companies that use Lockton
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles5 records
Lockton technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature3 records
Lockton partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Gallagher SecuritiescoreLockton Re Capital Markets served as sole structuring agent and joint bookrunner for Olympus Insurance's $120 million catastrophe bond, with Gallagher Securities serving as joint bookrunner. The transaction leveraged Lockton's global wholesale expertise alongside Gallagher's capital markets capabilities.
- ASHHRA (American Society for Healthcare Human Resources Administration)coreLockton manages the ASHHRA Preferred Partner Program (AP3), a partnership with the American Society for Healthcare Human Resources Administration to support healthcare organizations facing hiring complexity. The program provides access to vetted HR solutions and recruiting support.
- Covenant HRminorCovenant HR was announced as included in the ASHHRA Preferred Partner Program (AP3), managed with Lockton. The partnership supports healthcare hiring through Covenant HR's AI-enhanced Scout infrastructure and collaborative initiatives with Lockton and ASHHRA.
- AdvantageClub.aicoreLockton partnered with AdvantageClub.ai to launch 'LocktonThrive', an AI-powered employee wellbeing solution for organizations in India. The platform consolidates physical, mental, social, and financial wellbeing initiatives into a single digital interface to improve employee participation and engagement.
Scale indicators8 records
Recent moves9 records
Expansion highlights8 records
Lockton competitors and assessment
Company assessmentEmerging players
- CRC Group: CRC Group is a US wholesale and specialty insurance distributor that overlaps with Lockton Re in treaty and facultative reinsurance, and with Lockton's specialty brokerage divisions on E&S lines.
Direct peers
- Hub International: Hub International is a large North American insurance brokerage with growing international presence, competing with Lockton in middle-market and large commercial accounts across property/casualty and employee benefits.
- Alliant Insurance Services: Alliant is a US-focused specialty insurance brokerage with growing scale in commercial, employee benefits, and surety lines, directly competing with Lockton in middle-market and specialty segments.
- Brown & Brown: Brown & Brown is a US-headquartered insurance brokerage competing with Lockton in commercial lines, employee benefits, and specialty programs, with a similar decentralized producer-driven growth model.
- Acrisure: Acrisure is a rapidly growing, technology-enabled insurance brokerage competing with Lockton across commercial and specialty lines, with a similar focus on organic growth supplemented by M&A and producer recruitment.
- Willis Towers Watson (WTW): WTW is a top-tier global insurance brokerage and advisory firm competing with Lockton in risk, reinsurance, and human capital benefits. Lockton's India CEO Jaideep Sharma was recruited from WTW's Multinational Growth team.
- Marsh McLennan: Marsh is the world's largest insurance broker and a direct competitor to Lockton in commercial risk brokerage, reinsurance (via Guy Carpenter), and consulting. Both target large enterprise and multinational clients with comparable product suites.
- Aon: Aon is the world's largest insurance brokerage and risk management firm, directly competing with Lockton across commercial brokerage, reinsurance, and human capital solutions globally. Several Lockton regional leaders (e.g., Livy Dai) were recruited from Aon.
- Arthur J. Gallagher & Co. Gallagher is a major global insurance brokerage and risk management services firm with a comparable diversified model spanning retail brokerage, reinsurance, and risk management consulting. Gallagher Securities co-bookran the Olympus cat bond with Lockton Re.
- Howden: Howden is a large privately held global insurance broker, often cited as a similar model to Lockton given its independent ownership, rapid international expansion, and strong reinsurance presence — making it one of the most direct comparable privately held peers.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Lockton social profiles
Digital presenceLockton financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lockton leadership team
Management profileNumber of profiles
Profiles13 records
Lockton subsidiaries and ownership
Company hierarchySubsidiaries7 records
Lockton funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lockton M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lockton
What does Lockton do?
Lockton is the world's largest privately held independent insurance brokerage placing commercial insurance policies, providing employee benefits advisory, and offering retirement and risk management solutions for large organizations. The firm also operates Lockton Re, a global reinsurance brokerage and capital markets structuring arm, and delivers specialized coverage such as transactional liability for M&A and private equity through its Transactional Lines Division.
Is Lockton a public or private company?
Lockton is a private company. It is classified as management employee owned and is currently operating.
When was Lockton founded?
Lockton was founded in 1966. It employs 5,001 to 10,000 people.
Where is Lockton based?
Lockton is headquartered in Kansas City, United States, in the North America region.
How does Lockton make money?
Three revenue lines are on record. Insurance Brokerage Commissions are the primary driver. The others are reinsurance Services and risk Management Advisory.
Who are Lockton's main competitors?
CRC Group is listed as an emerging player. Direct peers are Hub International, Alliant Insurance Services, Brown & Brown, Acrisure, Willis Towers Watson (WTW), Marsh McLennan, Aon, Arthur J. Gallagher & Co. and Howden.
Does Lockton have an API?
No public API is recorded for Lockton.
What industry is Lockton in?
Lockton's product category is Insurance Brokerage. Its primary akta.pro industry code is FSAEADAF, Captive Insurance Advisory & Management, with a secondary code of BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory). Its NAICS code is 5242 and its SIC code is 6411.