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Net investment return on assets held to back insurance and participating investment contracts and net insurance finance (expense) income (Details) - GBP (£)
£ in Millions
6 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Disclosure of analysis of insurance revenue [line items]      
Net finance income from reinsurance contracts held £ 2 £ (50) £ (5)
Net finance (expense) income from insurance, participating investment and reinsurance contracts (3,769) 1,593 [1] 14,300 [1]
Net trading income (losses) 6,161 (685) [1] (19,302) [1]
Life      
Disclosure of analysis of insurance revenue [line items]      
Net finance income from reinsurance contracts held 2 (50) (5)
Net finance (expense) income from insurance, participating investment and reinsurance contracts (3,730) 1,594 14,301
Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net finance income from reinsurance contracts held 0 0 0
Net finance (expense) income from insurance, participating investment and reinsurance contracts (39) (1) (1)
Investment return on assets held to back insurance and participating investment contracts (memorandum item)      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 3,570 (1,655) (14,254)
Net trading income (losses) 3,781 63 11,144
Investment return on assets held to back insurance and participating investment contracts (memorandum item) | Life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 3,542 (1,662) (14,256)
Investment return on assets held to back insurance and participating investment contracts (memorandum item) | Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 28 7 2
Investment property losses      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts (1) (8) 5
Investment property losses | Life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts (1) (8) 5
Investment property losses | Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 0 0 0
Securities and other gains      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 2,933 (1,365) (13,502)
Securities and other gains | Life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 2,905 (1,372) (13,504)
Securities and other gains | Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 28 7 2
Foreign exchange gains      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 638 (282) (757)
Foreign exchange gains | Life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 638 (282) (757)
Foreign exchange gains | Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 0 0 0
Net finance expense from insurance and participating investment contracts      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts (3,771) 1,643 14,305
Net finance expense from insurance and participating investment contracts | Life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts (3,732) 1,644 14,306
Net finance expense from insurance and participating investment contracts | Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts (39) (1) (1)
Changes in fair value of underlying items of direct participating contracts      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts (3,942) (7) 11,219
Changes in fair value of underlying items of direct participating contracts | Life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts (3,906) (7) 11,219
Changes in fair value of underlying items of direct participating contracts | Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts (36) 0 0
Effects of risk mitigation option      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 145 46 (164)
Effects of risk mitigation option | Life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 145 46 (164)
Effects of risk mitigation option | Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 0 0 0
Interest accreted      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts (411) (144) (208)
Interest accreted | Life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts (408) (143) (207)
Interest accreted | Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts (3) (1) (1)
Effect of changes in interest rates and other financial assumptions      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 437 1,797 3,429
Effect of changes in interest rates and other financial assumptions | Life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 437 1,797 3,429
Effect of changes in interest rates and other financial assumptions | Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 0 0 0
Effect of changes in fulfilment cash flows at current rates when CSM is unlocked at locked-in rates      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 0 (49) 29
Effect of changes in fulfilment cash flows at current rates when CSM is unlocked at locked-in rates | Life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts 0 (49) 29
Effect of changes in fulfilment cash flows at current rates when CSM is unlocked at locked-in rates | Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance and participating investment contracts £ 0 £ 0 £ 0
[1]     Restated for presentational changes and for the adoption of IFRS 17; see notes 1, 24 and 25.