Lockton saw global revenues rise 14% to $3.55bn for its fiscal year ended April 30 2024, compared to $3.09bn in its previous fiscal year.
The consulting firm said it’s revenue growth was driven by continued strength across all business segments and geographies with a 96% client retention rate.
It added this was the fourth consecutive year of double-digit organic global revenue growth for the company.
US operations reported revenue of $2.43bn with 11% growth over the prior year, representing its sixth consecutive year of double-digit revenue growth.
Lockton’s International operations delivered revenue of $926m and 24% growth over the prior year.
Lockton Re’s global operations continued to growth with a 35% increase.
The consulting firm added: “Looking forward into fiscal 2025 and beyond, Lockton remains well positioned to deliver upon its legacy of strong organic revenue growth“