XML 259 R54.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Insurance business (Tables)
 12 Months Ended
Dec. 31, 2019
Insurance Contracts [Abstract]  
Schedule of net insurance premium income and liabilities under insurance contracts
Net insurance premium income
 
Non-linked insurance

 Linked life insurance

Investment contracts with DPF1

Total

 
$m

$m

$m

$m

Gross insurance premium income
9,353

489

2,266

12,108

Reinsurers’ share of gross insurance premium income
(1,465
)
(7
)
—

(1,472
)
Year ended 31 Dec 2019
7,888

482

2,266

10,636

 
 
 
 
 
Gross insurance premium income
8,616

422

2,300

11,338

Reinsurers’ share of gross insurance premium income
(672
)
(7
)
—

(679
)
Year ended 31 Dec 2018
7,944

415

2,300

10,659

 
 
 
 
 
Gross insurance premium income
8,424

351

2,027

10,802

Reinsurers’ share of gross insurance premium income
(1,016
)
(7
)
—

(1,023
)
Year ended 31 Dec 2017
7,408

344

2,027

9,779

1
Discretionary participation features.
Net insurance claims and benefits paid and movement in liabilities to policyholders

Non-linked insurance

Linked life insurance

Investment contracts with DPF1


Total


$m

$m

$m

$m

Gross claims and benefits paid and movement in liabilities
11,305

1,217

3,810

16,332

– claims, benefits and surrenders paid
3,783

900

1,921

6,604

– movement in liabilities
7,522

317

1,889

9,728

Reinsurers’ share of claims and benefits paid and movement in liabilities
(1,402
)
(4
)
—

(1,406
)
– claims, benefits and surrenders paid
(411
)
(17
)
—

(428
)
– movement in liabilities
(991
)
13

—

(978
)
Year ended 31 Dec 2019
9,903

1,213

3,810

14,926

 
 
 
 
 
Gross claims and benefits paid and movement in liabilities
8,943

(446
)
1,724

10,221

– claims, benefits and surrenders paid
3,852

1,088

1,869

6,809

– movement in liabilities
5,091

(1,534
)
(145
)
3,412

Reinsurers’ share of claims and benefits paid and movement in liabilities
(605
)
191

—

(414
)
– claims, benefits and surrenders paid
(311
)
(181
)
—

(492
)
– movement in liabilities
(294
)
372

—

78

Year ended 31 Dec 2018
8,338

(255
)
1,724

9,807

 
 
 
 
 
Gross claims and benefits paid and movement in liabilities
8,894

1,413

2,901

13,208

– claims, benefits and surrenders paid
2,883

1,044

2,002

5,929

– movement in liabilities
6,011

369

899

7,279

Reinsurers’ share of claims and benefits paid and movement in liabilities
(942
)
65

—

(877
)
– claims, benefits and surrenders paid
(297
)
(223
)
—

(520
)
– movement in liabilities
(645
)
288

—

(357
)
Year ended 31 Dec 2017
7,952

1,478

2,901

12,331

1
Discretionary participation features.
Liabilities under insurance contracts
 
 
 Non-linked insurance

 Linked life insurance

Investment contracts with DPF1

Total

 
Footnotes
$m

$m

$m

$m

Gross liabilities under insurance contracts at 1 Jan 2019
 
57,283

5,789

24,258

87,330

Claims and benefits paid
 
(3,804
)
(900
)
(1,900
)
(6,604
)
Increase in liabilities to policyholders
 
11,326

1,217

3,789

16,332

Exchange differences and other movements
2
519

45

(183
)
381

Gross liabilities under insurance contracts at 31 Dec 2019
 
65,324

6,151

25,964

97,439

Reinsurers’ share of liabilities under insurance contracts
 
(3,521
)
(71
)
—

(3,592
)
Net liabilities under insurance contracts at 31 Dec 2019
 
61,803

6,080

25,964

93,847

 
 
 
 
 
 
Gross liabilities under insurance contracts at 1 Jan 2018
 
52,112

7,548

26,007

85,667

Impact on transition to IFRS 9

 
(69
)
—

—

(69
)
Claims and benefits paid
 
(3,852
)
(1,088
)
(1,869
)
(6,809
)
Increase in liabilities to policyholders
 
8,943

(446
)
1,724

10,221

Exchange differences and other movements
2
149

(225
)
(1,604
)
(1,680
)
Gross liabilities under insurance contracts at 31 Dec 2018
 
57,283

5,789

24,258

87,330

Reinsurers’ share of liabilities under insurance contracts
 
(2,438
)
(68
)
—

(2,506
)
Net liabilities under insurance contracts at 31 Dec 2018
 
54,845

5,721

24,258

84,824

1
Discretionary participation features.
2
‘Exchange differences and other movements’ includes movements in liabilities arising from net unrealised investment gains recognised in other comprehensive income.