Scottish Widows' profits up 50% to £330m in 2025

Full-year results show workplace pensions remained area of 'robust' growth

Jenna Brown
clock • 1 min read
Scottish Widows and Lloyds' Insurance, Pensions and Investment business CEO Chira Barua
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Scottish Widows and Lloyds' Insurance, Pensions and Investment business CEO Chira Barua

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 ...

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