Adalia bipunctata (Linnaeus) is a generalist aphidophagous ladybird having a wide prey range. It exhibits complex polymorphism. We reviewed the information on its general characteristics, polymorphism, sexual activity, foraging behaviour, food range and prey suitability, growth and development, heterospecific interactions including natural enemies, and its biocontrol potential. Although a poor biocontrol agent (only successful against aphid, Dysaphis plantaginea in Switzerland), it was used in the past as a good model to test various hypotheses and models facilitating ecological understanding in insects. In the present review, the empirical data are interpreted and inferences drawn and a checklist of its prey is provided.