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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
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Disclosure of analysis of insurance revenue [line items]      
Net gains (losses) on other financial instruments mandatorily held at fair value through profit or loss £ 16,653 £ (17,210) £ 15,943
Foreign exchange 1,418 (1,063) 606
Investment property (losses) gains (note 27) (87) (511) 575
Net trading income (losses) 18,049 (19,987) [1],[2] 17,200 [1]
Interest accreted 13,298 12,922 [1],[2] £ 10,872 [1]
Net finance (expense) income from insurance, participating investment and reinsurance contracts (11,684) 15,893 [1],[2]  
Income (expense) from unit-linked and with-profit contracts, variable fee approach 10,200 (11,081)  
Life      
Disclosure of analysis of insurance revenue [line items]      
Net finance (expense) income from insurance, participating investment and reinsurance contracts (11,678) 15,895  
Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net finance (expense) income from insurance, participating investment and reinsurance contracts (6) (2)  
Insurance and participating investment contracts      
Disclosure of analysis of insurance revenue [line items]      
Net gains (losses) on other financial instruments mandatorily held at fair value through profit or loss 11,253 (14,867)  
Foreign exchange 542 (1,039)  
Investment property (losses) gains (note 27) (4) (3)  
Net trading income (losses) 11,791 (15,909)  
Changes in fair value of underlying items of direct participating contracts (10,293) 11,212  
Effects of risk mitigation option 172 (118)  
Interest accreted (880) (352)  
Effect of changes in interest rates and other financial assumptions (654) 5,226  
Effect of changes in fulfilment cash flows at current rates when CSM is unlocked at locked-in rates (80) (20)  
Net finance (expense) income from insurance and participating investment contracts (11,735) 15,948  
Insurance and participating investment contracts | Life      
Disclosure of analysis of insurance revenue [line items]      
Net gains (losses) on other financial instruments mandatorily held at fair value through profit or loss 11,218 (14,876)  
Foreign exchange 542 (1,039)  
Investment property (losses) gains (note 27) (4) (3)  
Net trading income (losses) 11,756 (15,918)  
Changes in fair value of underlying items of direct participating contracts (10,293) 11,212  
Effects of risk mitigation option 172 (118)  
Interest accreted (874) (350)  
Effect of changes in interest rates and other financial assumptions (654) 5,226  
Effect of changes in fulfilment cash flows at current rates when CSM is unlocked at locked-in rates (80) (20)  
Net finance (expense) income from insurance and participating investment contracts (11,729) 15,950  
Insurance and participating investment contracts | Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net gains (losses) on other financial instruments mandatorily held at fair value through profit or loss 35 9  
Foreign exchange 0 0  
Investment property (losses) gains (note 27) 0 0  
Net trading income (losses) 35 9  
Changes in fair value of underlying items of direct participating contracts 0 0  
Effects of risk mitigation option 0 0  
Interest accreted (6) (2)  
Effect of changes in interest rates and other financial assumptions 0 0  
Effect of changes in fulfilment cash flows at current rates when CSM is unlocked at locked-in rates 0 0  
Net finance (expense) income from insurance and participating investment contracts (6) (2)  
Reinsurance contracts held      
Disclosure of analysis of insurance revenue [line items]      
Net finance income (expense) from reinsurance contracts held 51 (55)  
Reinsurance contracts held | Life      
Disclosure of analysis of insurance revenue [line items]      
Net finance income (expense) from reinsurance contracts held 51 (55)  
Reinsurance contracts held | Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net finance income (expense) from reinsurance contracts held £ 0 £ 0  
[1]
2    Restated for presentational changes; see note 1.
[2]
1    Restated for the adoption of IFRS 17; see notes 1 and 54.