Lloyds Banking Group’s insurance, pensions and investments business, which includes Scottish Widows, outlined profits rising 50% to £330m in its 2025 full-year results. Deferred profits of £5.2bn reflect Scottish Widows’ “continued long-term financial strength of its portfolio”. Workplace pensions remained an area of “robust growth”, boosted by digital adoption through Scottish Widows’ enhanced app. Additionally, financial adviser applications in the protection market doubled in 2025. Scottish Widows and Lloyds’ Insurance, Pensions and Investment business chief executive Chira Barua said: “Our strong results are a clear sign of the momentum driving our business.