Insignia Description
An oval-shaped gold color metal and enamel device 1 1/8 inches (2.86 cm) in height overall consisting of a gold color metal background encircled by an elliptical band divided horizontally of red to the top and blue to base, inscribed on the blue the motto “VICTORY” in gold color metal letters; centered on the device is the figure from the 1st Division Monument, modeled, in gold color metal, with wings and upraised arms extending over the red portion of the band.

Symbolism
The colors red and blue are from the distinguishing flags of Infantry Divisions.  The figure portion is that of the 1st Infantry Division Monument, located in Washington, DC.

History
The distinctive unit insignia was originally approved for Headquarters, Headquarters Detachment and Headquarters, Special Troops, 1st Division on 9 December 1930.  It was redesignated for wear by all non-color-bearing elements of the 1st Infantry Division on 2 September 1965.  The insignia was amended to revise the description and add a symbolism on 14 January 1974.

Source: The US Army Institute of Heraldry