XML 236 R188.htm IDEA: XBRL DOCUMENT v3.20.4
LIABILITIES ARISING FROM INSURANCE CONTRACTS AND PARTICIPATING INVESTMENT CONTRACTS (Details) - Schedule of Insurance Claims Outstanding - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Claims outstanding    
Assets arising from contracts held with reinsurers £ (20,385) £ (23,567)
Net claims outstanding at 31 December 116,060 111,449
Participating life insurance policy    
Claims outstanding    
Increase/(decrease) in liabilities charged to the income statement   (48)
Participating life insurance policy | Current year    
Claims outstanding    
Adjustments for increase (decrease) in other current liabilities   335
Participating investment contracts    
Claims outstanding    
Increase/(decrease) in liabilities charged to the income statement 362  
Participating investment contracts | Current year    
Claims outstanding    
Adjustments for increase (decrease) in other current liabilities (44)  
Not expired at year end | Participating life insurance policy    
Claims outstanding    
Gross claims outstanding at 1 January 241 254
Cash paid for claims settled in the year (294) (300)
Increase/(decrease) in liabilities charged to the income statement 318 287
Change in liabilities charged to the income statement (note 10) 24 (13)
Gross claims outstanding at 31 December 265 241
Assets arising from contracts held with reinsurers 0 0
Net claims outstanding at 31 December 265 241
Notified claims 141 128
Incurred but not reported £ 124 £ 113