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Insurance business - Movements in carrying amounts of insurance contracts - analysis by remaining coverage and incurred claims (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]      
Opening assets $ (252) $ (136)  
Opening liabilities 120,851 108,816  
Insurance contracts liability (asset) opening balance 120,599 108,680  
Insurance revenue      
Contracts under the fair value approach (932) (704)  
Contracts under the modified retrospective approach (159) (170)  
Other contracts (1,661) (1,385)  
Total insurance revenue (2,752) (2,259) $ (1,977)
Insurance service expenses      
Incurred claims and other insurance service expenses 1,044 907  
Amortisation of insurance acquisition cash flows 296 163  
Losses and reversal of losses on onerous contracts 123 109  
Adjustments to liabilities for incurred claims (21) 2  
Total insurance service expenses 1,442 1,181  
Investment components 0 0  
Insurance service result (1,310) (1,078)  
Net finance expense from insurance contracts 6,169 8,300  
Other movements recognised in the statement of profit or loss 0 277  
Effect of movements in exchange rates (1,275) 980  
Total changes in the consolidated income statement and statement of comprehensive income 3,584 8,479  
Cash flows      
Premiums received 18,392 13,872  
Claims, other insurance service expenses paid and other cash flows (10,524) (9,628)  
Insurance acquisition cash flows (1,095) (804)  
Total cash flows 6,773 3,440  
Other movements (23,459) 0  
Acquisition of subsidiaries and other movements   0  
Insurance contracts liability (asset) closing balance 107,497 120,599 108,680
Closing assets (132) (252) (136)
Closing liabilities 107,629 120,851 108,816
Decrease through subsidiaries classified as held for sale 21,811    
Amounts recognised in profit or loss      
Insurance service expenses      
Net finance expense from insurance contracts 5,978 7,809  
Amounts recognised in OCI      
Insurance service expenses      
Net finance expense from insurance contracts 191 491  
Life direct participating and investment DPF contracts      
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]      
Opening assets (13) (5)  
Opening liabilities 117,037 105,145  
Insurance contracts liability (asset) opening balance 117,024 105,140  
Insurance revenue      
Contracts under the fair value approach (715) (508)  
Contracts under the modified retrospective approach (141) (148)  
Other contracts (1,229) (1,079)  
Total insurance revenue (2,085) (1,735)  
Insurance service expenses      
Incurred claims and other insurance service expenses 616 615  
Amortisation of insurance acquisition cash flows 195 109  
Losses and reversal of losses on onerous contracts 50 32  
Adjustments to liabilities for incurred claims 6 1  
Total insurance service expenses 867 757  
Investment components 0 0  
Insurance service result (1,218) (978)  
Net finance expense from insurance contracts 5,761 8,042  
Other movements recognised in the statement of profit or loss 0 294  
Effect of movements in exchange rates (1,176) 949  
Total changes in the consolidated income statement and statement of comprehensive income 3,367 8,307  
Cash flows      
Premiums received 16,442 12,616  
Claims, other insurance service expenses paid and other cash flows (9,018) (8,517)  
Insurance acquisition cash flows (835) (522)  
Total cash flows 6,589 3,577  
Other movements (23,580) 0  
Acquisition of subsidiaries and other movements   0  
Insurance contracts liability (asset) closing balance 103,400 117,024 105,140
Closing assets (14) (13) (5)
Closing liabilities 103,414 117,037 105,145
Life other contracts      
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]      
Opening assets (239) (131)  
Opening liabilities 3,814 3,671  
Insurance contracts liability (asset) opening balance 3,575 3,540  
Insurance revenue      
Contracts under the fair value approach (217) (196)  
Contracts under the modified retrospective approach (18) (22)  
Other contracts (432) (306)  
Total insurance revenue (667) (524)  
Insurance service expenses      
Incurred claims and other insurance service expenses 428 292  
Amortisation of insurance acquisition cash flows 101 54  
Losses and reversal of losses on onerous contracts 73 77  
Adjustments to liabilities for incurred claims (27) 1  
Total insurance service expenses 575 424  
Investment components 0 0  
Insurance service result (92) (100)  
Net finance expense from insurance contracts 408 258  
Other movements recognised in the statement of profit or loss 0 (17)  
Effect of movements in exchange rates (99) 31  
Total changes in the consolidated income statement and statement of comprehensive income 217 172  
Cash flows      
Premiums received 1,950 1,256  
Claims, other insurance service expenses paid and other cash flows (1,506) (1,111)  
Insurance acquisition cash flows (260) (282)  
Total cash flows 184 (137)  
Other movements 121 0  
Acquisition of subsidiaries and other movements   0  
Insurance contracts liability (asset) closing balance 4,097 3,575 3,540
Closing assets (118) (239) (131)
Closing liabilities 4,215 3,814 3,671
Excluding loss component | Life direct participating and investment DPF contracts      
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]      
Opening assets (15) (5)  
Opening liabilities 116,546 104,676  
Insurance contracts liability (asset) opening balance 116,531 104,671  
Insurance revenue      
Contracts under the fair value approach (715) (508)  
Contracts under the modified retrospective approach (141) (148)  
Other contracts (1,229) (1,079)  
Total insurance revenue (2,085) (1,735)  
Insurance service expenses      
Incurred claims and other insurance service expenses 0 0  
Amortisation of insurance acquisition cash flows 195 109  
Losses and reversal of losses on onerous contracts 0 0  
Adjustments to liabilities for incurred claims 0 0  
Total insurance service expenses 195 109  
Investment components (8,284) (8,104)  
Insurance service result (10,174) (9,730)  
Net finance expense from insurance contracts 5,720 8,042  
Other movements recognised in the statement of profit or loss 0 513  
Effect of movements in exchange rates (1,162) 942  
Total changes in the consolidated income statement and statement of comprehensive income (5,616) (233)  
Cash flows      
Premiums received 16,442 12,616  
Claims, other insurance service expenses paid and other cash flows 2 (15)  
Insurance acquisition cash flows (835) (522)  
Total cash flows 15,609 12,079  
Other movements (23,495)    
Acquisition of subsidiaries and other movements   14  
Insurance contracts liability (asset) closing balance 103,029 116,531 104,671
Closing assets (16) (15) (5)
Closing liabilities 103,045 116,546 104,676
Excluding loss component | Life other contracts      
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]      
Opening assets (279) (187)  
Opening liabilities 3,400 3,359  
Insurance contracts liability (asset) opening balance 3,121 3,172  
Insurance revenue      
Contracts under the fair value approach (217) (196)  
Contracts under the modified retrospective approach (18) (22)  
Other contracts (432) (306)  
Total insurance revenue (667) (524)  
Insurance service expenses      
Incurred claims and other insurance service expenses 0 0  
Amortisation of insurance acquisition cash flows 101 54  
Losses and reversal of losses on onerous contracts 0 0  
Adjustments to liabilities for incurred claims 0 0  
Total insurance service expenses 101 54  
Investment components (1,058) (818)  
Insurance service result (1,624) (1,288)  
Net finance expense from insurance contracts 405 254  
Other movements recognised in the statement of profit or loss 0 (8)  
Effect of movements in exchange rates (76) 25  
Total changes in the consolidated income statement and statement of comprehensive income (1,295) (1,017)  
Cash flows      
Premiums received 1,950 1,256  
Claims, other insurance service expenses paid and other cash flows 2 1  
Insurance acquisition cash flows (260) (282)  
Total cash flows 1,692 975  
Other movements 53    
Acquisition of subsidiaries and other movements   (9)  
Insurance contracts liability (asset) closing balance 3,571 3,121 3,172
Closing assets (177) (279) (187)
Closing liabilities 3,748 3,400 3,359
Loss component | Life direct participating and investment DPF contracts      
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]      
Opening assets 1 0  
Opening liabilities 121 114  
Insurance contracts liability (asset) opening balance 122 114  
Insurance revenue      
Contracts under the fair value approach 0 0  
Contracts under the modified retrospective approach 0 0  
Other contracts 0 0  
Total insurance revenue 0 0  
Insurance service expenses      
Incurred claims and other insurance service expenses (7) (6)  
Amortisation of insurance acquisition cash flows 0 0  
Losses and reversal of losses on onerous contracts 50 32  
Adjustments to liabilities for incurred claims 0 0  
Total insurance service expenses 43 26  
Investment components 0 0  
Insurance service result 43 26  
Net finance expense from insurance contracts 41 0  
Other movements recognised in the statement of profit or loss 0 (5)  
Effect of movements in exchange rates (5) 1  
Total changes in the consolidated income statement and statement of comprehensive income 79 22  
Cash flows      
Premiums received 0 0  
Claims, other insurance service expenses paid and other cash flows 0 0  
Insurance acquisition cash flows 0 0  
Total cash flows 0 0  
Other movements (54)    
Acquisition of subsidiaries and other movements   (14)  
Insurance contracts liability (asset) closing balance 147 122 114
Closing assets 1 1 0
Closing liabilities 146 121 114
Loss component | Life other contracts      
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]      
Opening assets (16) 21  
Opening liabilities 191 109  
Insurance contracts liability (asset) opening balance 175 130  
Insurance revenue      
Contracts under the fair value approach 0 0  
Contracts under the modified retrospective approach 0 0  
Other contracts 0 0  
Total insurance revenue 0 0  
Insurance service expenses      
Incurred claims and other insurance service expenses (49) (24)  
Amortisation of insurance acquisition cash flows 0 0  
Losses and reversal of losses on onerous contracts 73 77  
Adjustments to liabilities for incurred claims 0 0  
Total insurance service expenses 24 53  
Investment components 0 0  
Insurance service result 24 53  
Net finance expense from insurance contracts 3 3  
Other movements recognised in the statement of profit or loss 0 4  
Effect of movements in exchange rates 1 (2)  
Total changes in the consolidated income statement and statement of comprehensive income 28 58  
Cash flows      
Premiums received 0 0  
Claims, other insurance service expenses paid and other cash flows 0 0  
Insurance acquisition cash flows 0 0  
Total cash flows 0 0  
Other movements 8    
Acquisition of subsidiaries and other movements   (13)  
Insurance contracts liability (asset) closing balance 211 175 130
Closing assets (13) (16) 21
Closing liabilities 224 191 109
Incurred claims | Life direct participating and investment DPF contracts      
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]      
Opening assets 1 0  
Opening liabilities 370 355  
Insurance contracts liability (asset) opening balance 371 355  
Insurance revenue      
Contracts under the fair value approach 0 0  
Contracts under the modified retrospective approach 0 0  
Other contracts 0 0  
Total insurance revenue 0 0  
Insurance service expenses      
Incurred claims and other insurance service expenses 623 621  
Amortisation of insurance acquisition cash flows 0 0  
Losses and reversal of losses on onerous contracts 0 0  
Adjustments to liabilities for incurred claims 6 1  
Total insurance service expenses 629 622  
Investment components 8,284 8,104  
Insurance service result 8,913 8,726  
Net finance expense from insurance contracts 0 0  
Other movements recognised in the statement of profit or loss 0 (214)  
Effect of movements in exchange rates (9) 6  
Total changes in the consolidated income statement and statement of comprehensive income 8,904 8,518  
Cash flows      
Premiums received 0 0  
Claims, other insurance service expenses paid and other cash flows (9,020) (8,502)  
Insurance acquisition cash flows 0 0  
Total cash flows (9,020) (8,502)  
Other movements (31)    
Acquisition of subsidiaries and other movements   0  
Insurance contracts liability (asset) closing balance 224 371 355
Closing assets 1 1 0
Closing liabilities 223 370 355
Incurred claims | Life other contracts      
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]      
Opening assets 56 35  
Opening liabilities 223 203  
Insurance contracts liability (asset) opening balance 279 238  
Insurance revenue      
Contracts under the fair value approach 0 0  
Contracts under the modified retrospective approach 0 0  
Other contracts 0 0  
Total insurance revenue 0 0  
Insurance service expenses      
Incurred claims and other insurance service expenses 477 316  
Amortisation of insurance acquisition cash flows 0 0  
Losses and reversal of losses on onerous contracts 0 0  
Adjustments to liabilities for incurred claims (27) 1  
Total insurance service expenses 450 317  
Investment components 1,058 818  
Insurance service result 1,508 1,135  
Net finance expense from insurance contracts 0 1  
Other movements recognised in the statement of profit or loss 0 (13)  
Effect of movements in exchange rates (24) 8  
Total changes in the consolidated income statement and statement of comprehensive income 1,484 1,131  
Cash flows      
Premiums received 0 0  
Claims, other insurance service expenses paid and other cash flows (1,508) (1,112)  
Insurance acquisition cash flows 0 0  
Total cash flows (1,508) (1,112)  
Other movements 60    
Acquisition of subsidiaries and other movements   22  
Insurance contracts liability (asset) closing balance 315 279 238
Closing assets 72 56 35
Closing liabilities $ 243 $ 223 $ 203