The world's largest privately held insurance broker, Lockton, says it posted record revenues in 2013, topping more that $1 billion for the first time.

The Kansas City, Kan.-based broker says fiscal 2013 revenues increased 11 percent last year to $1.02. Its fiscal year ends April 30. This is the 47th consecutive year the firm says it has increased its revenues.

“Our focus has always been about earning client loyalty and earning new business by making a difference for our clients,” says David Lockton, chairman, adding that with exceptional performance, the revenue would follow.

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