History.

2010s

Recovery and infrastructure developments

More information for 2010s

2015

We jointly announced a £15 billion regeneration scheme.

Our development with English Cities fund in Canning Town

Our development with English Cities fund in Canning Town

2015

We entered the lifetime mortgage market by acquiring New Life Home Finance limited, to help people fund retirement through releasing money from their homes.

2014

Our total worldwide assets reached more than $1 trillion (£709 million).

March 2014

The chancellor, George Osborne, announced radical pension reforms, encouraging more people to consider alternatives to annuities.

2014

We secured the UK’s largest pension buy-in and buyout schemes through ICI and TRW, increasing the security of over £4 billion of pensions.

One man playing guitar while another one listens

2013

We acquired 46.5% of UK house builder, CALA Homes.

CALA Homes

View from one of CALA Homes’ developments in London.

2013

We invested in rebuilding the Royal Liverpool University hospital and in Methodist Care homes.

2012

We produced our ‘deadline to the breadline’ report showing that people have on average only 14 days savings if a breadwinner has to stop working. We also launched ‘Skyman’, a digital app aimed to highlight the importance of life insurance in a fun way.

2012

We welcomed our first customers saving for retirement in the government’s new auto-enrolment scheme, with major schemes for Boots, Asda and the Co-op.

Two men boxing

July to August 2012

London Olympic games held.

2011

A first £ billion bulk annuity deal was completed with Turner and Newall pension scheme to ensure the company’s pension scheme can continue to pay pensions to its members.

December 2010

The UK saw the coldest December for 100 years.

2010

We paid out over £30 million of household insurance weather-related claims in one month.

2010

Our IndiaFirst joint venture was launched, selling 130,000 policies in its first year of operation.

2000s

Financial crisis and growth through partnerships

More information for 2000s

2009

Depth of financial crisis: our dividend was cut and our share price fell to below 25p.

September 2008

Lehman Brothers filed for bankruptcy proceedings, the largest bankruptcy in US history.

2008

Our partnership with Nationwide Building Society was launched to offer customers life insurance and savings plans.

2004

Our market leading ‘Mortgage Club’ launched to help borrowers find good value mortgage deals. Ten years later we were arranging over £40 billion of new mortgages each year in the UK.

Couple unpacking boxes in the kitchen

2004

In 2004 UK new mortgage transactions exceeded £280 billion as the average house price hit £140,000.

2003

We were awarded ‘e-commerce provider of the year’ and ‘overall e-commerce company of the year’ in the life and pensions category.

2002

We launched a £768 million Rights Issue to finance the group’s new business growth.

2001

We entered into a partnership with Barclays Bank. We’ve recently celebrated our 14th year of protecting Barclays’ customers.

Assets under management exceeded £100 billion.

September 2001

‘9 11’ ‘Twin Towers’ attacks in New York.

2000

We launched online term assurance and the first UK paperless life assurance application system for both consumers and IFAs.

1990s

Early days of the internet

More information for 1990s

1999

First company to provide ‘stakeholder pension guarantee’ giving customers low charges in advance of stakeholder pension launch in 2001.

1998

Legal & General Australia is sold.

1997

We launched an award winning website.

A couple using a computer

Helping customers plan their finances online

1995

First company to enter into a joint venture with a building society, the Woolwich Building Society, to provide household insurance cover.

Our assets under management were over £82 billion.

1995 to 2000

UK internet access increased from 1.1 million people in 1995 to 15.4 million in 2000.

1980s

International expansion

More information for 1980s

March 1987

Chancellor Nigel Lawson introduces Personal Equity Plans making equity ownership more widely available.

October 1986

27 October saw the ‘big bang’ reforms of financial markets in the UK, giving London a powerful global position.

January 1984

We were a founding member of the newly established FTSE 100 index.

1980s

We bought two life insurance companies in the US: Banner Life and William Penn Life Insurance Company of New York. Now over a million people in the US own our life insurance policies.

1980s

We entered the European market.

1970s

Investment management business launched

More information for 1970s

July 1979

We are listed on the London Stock Exchange on 2 July.

A display of various numbers representing stock prices

London Stock Exchange

April 1974

On 6 April the popular music quartet Abba won the Eurovision song contest with ‘Waterloo’.

1970

Legal & General Investments established. Later to become Legal & General investment management and manage assets for pension funds, institutional and private clients.

1970s

Our assets exceeded £2.5 billion.

1900s-1960s

Diversification and growth. Legal & General in the two World Wars

More information for1900s- 1960s

1960s

Our assets were valued at £1billion by end of the decade.

1956

We established our life business in Australia.

1940s

We were forced to relocate offices during the war. We finally settled at a former school in Kingswood, Surrey. We soon outgrew the school and built an office in Kingswood housing over 3,000 people.

St. Monica's School building

St. Monica's School

1939 to 1945

More than one million London houses were destroyed or damaged, and more than 40,000 civilians were killed in the London blitz.

September 1939

The outbreak of World War Two. It lasted until September 1945.

1934

There were 7,343 deaths and 231,603 injuries from road casualties.

1930s

We entered the US market through the acquisition of the pensions business of the Metropolitan Life Insurance Company of New York.

1929

We lifted the restriction that our customers (society members) had to be from the legal profession. We’ve now over 10 million people that rely on us for their financial security.

1920s

We began to offer fire and accident insurance to meet the new popularity of car and plane travel.

1914 to 1918

We paid a significantly higher number of claims in the First World War because of war casualties. This was worsened by the influenza pandemic of 1918.

1914 to 1918

The first world war saw 16 million deaths globally. The 1918 flu pandemic killed up to 40 million people.

Our assets were valued at £4 million, making us the second largest insurance company in Great Britain doing only ‘ordinary life business’.

1800s

Early years. First policies and infrastructure developments

More information for1800s

1889

We opened our first office outside London, in Manchester. We now have offices in places such as Cardiff, Chicago, Hove, Kingswood and Birmingham.

1852

We authorised £60,000 worth of credit to the Regent Canal Company.

1850s

We made our first property developments, investing heavily in the development of Birkenhead.

March/September 1841

Manchester and Leeds and London and Brighton railways open.

1841

We loaned £20,000 to the Stockton and Hartlepool Railway in an early example of direct infrastructure investments.

First policy document

First policy document

1840

Thomas Smith, our first policy holder died. We paid out a claim for £1,000 even though at that time we had only received around £177 in premiums. (In 2014 we paid £680 million in death claims, receiving £3 billion in insurance premiums.)

1839

Market capitalisation of £1million.

October 1836

We issued our first policy for a solicitor called Thomas Smith.

June 1836

Six London lawyers founded Legal & General.

March 1836

Charles Dickens publishes ‘The Pickwick Papers’.