History of success
1800s
- Society formed in 1836 by six prominent lawyers
- First policyholder Mr Thomas Smith for sum assured of £1,000
- Society assets £4m by turn of century
1920s
- Began to transact Fire & Accident business - annual income exceeded £1m
- Innovations: monthly premiums, combined scheme, safeguard family income benefit
1930s
- Asset value exceeded £22m in 1930
- Escalating premiums introduced
- Legal & General Life Assurance Society acquired the pensions business of the Metropolitan Life Insurance Company of New York
1950s
- Changes to the Society's Articles of Association allow the issue of with-profits with no upper bonus limit
- Life business established in Australia 1956
- New head office built in Kingswood
