Scottish Widows’ underlying profit for 2025 was up 50% to £330m, compared to £220m in 2024, driven by “steady retail and workplace growth”, according to its latest results released today (29 January).
The results, part of its parent company Lloyds Banking Group's full year results, also showed deferred profits of £5.2bn, which it said reflected the "continued long-term financial strength of its portfolio". Scottish Widows is part of Lloyds Banking Group's insurance, pensions and investments business. The division's assets under administration (AuA) rose 15% to £232bn during the year, supported by "strong markets and sustained new business momentum". The results showed workplace pensions totalled £129bn in AuA, up 20% on 2024 and remained a robust section for growth. The business hi...
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