Scottish Widows is a life insurance and pensions company located in Edinburgh, Scotland, and is a subsidiary of Lloyds Banking Group.
[4] Regulations made in 1811 showed its focus on providing annuities for dependants, but this quickly became only a small part of the company's business.
[5] Scottish Widows granted just 10 policies to female customers in the first four years, as applications from women were rare at the time.
[9] At the time of its takeover, Scottish Widows set up an "additional account" to hold £1.7 billion of the proceeds from the sale.
This fund was to be used to enhance terminal bonuses across the company, but was eventually used to compensate guaranteed annuity rate options (GARs) holders.
[11] In 2015, Scottish Widows sold Clerical Medical's Isle of Man operations to international life assurance company RL360°.
[15] In 1818, Scottish Widows adopted an emblem created by William Home Lizars, which features the Roman goddess Ceres (Plenty) holding a cornucopia and accompanied by cherubs.
In 1832, Sir Johns Steell was inspired by the 1818 emblem to sculpture figures of a widow, her children, and Ceres into the ornamentation of the company's building in 5 St Andrew Square.