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Insurance business - (F) Reconciliation of measurement components of insurance contract balances (Details) - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Disclosure of reconciliation of changes in insurance contracts by components [line items]      
Insurance contract assets £ 1    
Liabilities arising from insurance and participating investment contracts (120,148)    
Net liability at 1 January (120,147)    
Relating to future services      
Contracts initially recognised in the year (93) £ (71)  
Cash flows      
Insurance contract assets 0 1  
Liabilities arising from insurance and participating investment contracts (122,087) (120,148)  
Net liability at 31 December (127,355) (120,147)  
Life      
Disclosure of reconciliation of changes in insurance contracts by components [line items]      
Insurance contract assets 1    
Liabilities arising from insurance and participating investment contracts (119,784)    
Net liability at 1 January (119,783) (109,920)  
Relating to current services      
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset) 553 509  
Relating to future services      
Contracts initially recognised in the year (93) (71)  
Changes in estimates that adjust the CSM 0 0  
Changes in estimates that result in losses and reversal of losses on onerous contracts 21 129  
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset) (72) 58 £ (1,486)
Relating to past services (4) 0 0
Insurance service result 477 567  
Net finance income (expense) from insurance and participating investment contracts (10,381) (11,684)  
Exchange differences 80 32  
Total change in profit or loss (9,824) (11,085)  
Cash flows      
Premiums received (10,679) (9,768)  
Claims and other insurance service expenses paid 13,063 10,721  
Insurance acquisition cash flows 265 203  
Cash flows 2,649 1,156  
Transfer to other items in the balance sheet (10) 66  
Insurance contract assets 0 1  
Liabilities arising from insurance and participating investment contracts (121,700) (119,784)  
Net liability at 31 December (126,968) (119,783) (109,920)
Present value of future cash flows £m | Life      
Disclosure of reconciliation of changes in insurance contracts by components [line items]      
Net liability at 1 January (114,209) (104,545)  
Relating to current services      
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset) 46 99  
Relating to future services      
Contracts initially recognised in the year 33 107  
Changes in estimates that adjust the CSM 334 390  
Changes in estimates that result in losses and reversal of losses on onerous contracts (2) 109  
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset) 365 606  
Relating to past services (3)    
Insurance service result 408 705  
Net finance income (expense) from insurance and participating investment contracts (10,341) (11,621)  
Exchange differences 72 30  
Total change in profit or loss (9,861) (10,886)  
Cash flows      
Premiums received (10,679) (9,768)  
Claims and other insurance service expenses paid 13,063 10,721  
Insurance acquisition cash flows 265 203  
Cash flows 2,649 1,156  
Transfer to other items in the balance sheet (10) 66  
Net liability at 31 December (121,431) (114,209) (104,545)
Risk adjustment for non- financial risk £m      
Relating to future services      
Contracts initially recognised in the year (65) (86)  
Risk adjustment for non- financial risk £m | Life      
Disclosure of reconciliation of changes in insurance contracts by components [line items]      
Net liability at 1 January (1,159) (1,165)  
Relating to current services      
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset) 58 84  
Relating to future services      
Contracts initially recognised in the year (65) (86)  
Changes in estimates that adjust the CSM 252 (12)  
Changes in estimates that result in losses and reversal of losses on onerous contracts 23 20  
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset) 210 (78)  
Relating to past services (1)    
Insurance service result 267 6  
Net finance income (expense) from insurance and participating investment contracts 0 0  
Exchange differences 1 0  
Total change in profit or loss 268 6  
Cash flows      
Premiums received 0 0  
Claims and other insurance service expenses paid 0 0  
Insurance acquisition cash flows 0 0  
Cash flows 0 0  
Transfer to other items in the balance sheet 0 0  
Net liability at 31 December (891) (1,159) (1,165)
Contractual service margin      
Relating to future services      
Contracts initially recognised in the year (61) (92)  
Contractual service margin | Life      
Disclosure of reconciliation of changes in insurance contracts by components [line items]      
Net liability at 1 January (4,415) (4,210)  
Relating to current services      
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset) 449 326  
Relating to future services      
Contracts initially recognised in the year (61) (92)  
Changes in estimates that adjust the CSM (586) (378)  
Changes in estimates that result in losses and reversal of losses on onerous contracts 0 0  
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset) (647) (470)  
Relating to past services 0    
Insurance service result (198) (144)  
Net finance income (expense) from insurance and participating investment contracts (40) (63)  
Exchange differences 7 2  
Total change in profit or loss (231) (205)  
Cash flows      
Premiums received 0 0  
Claims and other insurance service expenses paid 0 0  
Insurance acquisition cash flows 0 0  
Cash flows 0 0  
Transfer to other items in the balance sheet 0 0  
Net liability at 31 December (4,646) (4,415) (4,210)
Contracts under the fair value transition approach | Life      
Disclosure of reconciliation of changes in insurance contracts by components [line items]      
Net liability at 1 January (1,473) (1,441)  
Relating to current services      
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset) 155 129  
Relating to future services      
Contracts initially recognised in the year 0 0  
Changes in estimates that adjust the CSM (95) (170)  
Changes in estimates that result in losses and reversal of losses on onerous contracts 0 0  
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset) (95) (170)  
Relating to past services 0    
Insurance service result 60 (41)  
Net finance income (expense) from insurance and participating investment contracts (9) 7  
Exchange differences 7 2  
Total change in profit or loss 58 (32)  
Cash flows      
Premiums received 0 0  
Claims and other insurance service expenses paid 0 0  
Insurance acquisition cash flows 0 0  
Cash flows 0 0  
Transfer to other items in the balance sheet 0 0  
Net liability at 31 December (1,415) (1,473) (1,441)
Other contracts | Life      
Disclosure of reconciliation of changes in insurance contracts by components [line items]      
Net liability at 1 January (2,942) (2,769)  
Relating to current services      
Increase (decrease) through changes that relate to current service, insurance contracts liability (asset) 294 197  
Relating to future services      
Contracts initially recognised in the year (61) (92)  
Changes in estimates that adjust the CSM (491) (208)  
Changes in estimates that result in losses and reversal of losses on onerous contracts 0 0  
Increase (decrease) through changes that relate to future service, insurance contracts liability (asset) (552) (300)  
Relating to past services 0    
Insurance service result (258) (103)  
Net finance income (expense) from insurance and participating investment contracts (31) (70)  
Exchange differences 0 0  
Total change in profit or loss (289) (173)  
Cash flows      
Premiums received 0 0  
Claims and other insurance service expenses paid 0 0  
Insurance acquisition cash flows 0 0  
Cash flows 0 0  
Transfer to other items in the balance sheet 0 0  
Net liability at 31 December £ (3,231) £ (2,942) £ (2,769)