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Insurance business - (B) Net investment return on assets held to back insurance and investment contracts and net insurance finance (expense) income arising from insurance and investment contracts (Details) - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of analysis of insurance revenue [line items]      
Investment property gains (losses) £ 99 £ 67 £ (87)
Investment return on assets held to back insurance and investment contracts 23,844 16,013 [1] 16,742 [1]
Interest accreted 13,230 12,277 [1] 13,298 [1]
Net finance expense from insurance, participating investment and reinsurance contracts (15,297) (10,341) (11,684)
Movement in third party interests in consolidated funds (1,954) (1,059) (1,109)
Change in non-participating investment contracts (6,793) (4,878) (3,983)
Net finance expense in respect of insurance and investment contracts (24,044) (16,278) [1] (16,776) [1]
Net investment return and finance result in respect of insurance and investment contracts (200) (265) [1] (34) [1]
Income (expense) from unit-linked and with-profit contracts, variable fee approach 15,009 10,688 10,200
Life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance, participating investment and reinsurance contracts (15,283) (10,334) (11,678)
Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net finance expense from insurance, participating investment and reinsurance contracts (14) (7) (6)
Liabilities arising from insurance and participating investment contracts      
Disclosure of analysis of insurance revenue [line items]      
Net gains on other financial instruments mandatorily held at fair value through profit or loss 15,442 10,285 11,253
Foreign exchange (42) 196 542
Investment property gains (losses) (4) (4) (4)
Net investment return on assets held to back insurance and participating investment contracts 15,396 10,477 11,791
Net investment return on assets held to back third party interests in consolidated funds 2,054 1,105 1,179
Net investment return on assets held to back non-participating investment contracts 6,394 4,431 3,772
Changes in fair value of underlying items of direct participating contracts (14,943) (10,844) (10,293)
Effects of risk mitigation option 174 161 172
Interest accreted (715) (846) (880)
Effect of changes in interest rates and other financial assumptions 64 1,001 (654)
Effect of changes in fulfilment cash flows at current rates when CSM is unlocked at locked-in rates 69 140 (80)
Net finance expense from insurance and participating investment contracts (15,351) (10,388) (11,735)
Liabilities arising from insurance and participating investment contracts | Life      
Disclosure of analysis of insurance revenue [line items]      
Net gains on other financial instruments mandatorily held at fair value through profit or loss 15,408 10,247 11,218
Foreign exchange (42) 196 542
Investment property gains (losses) (4) (4) (4)
Net investment return on assets held to back insurance and participating investment contracts 15,362 10,439 11,756
Changes in fair value of underlying items of direct participating contracts (14,943) (10,844) (10,293)
Effects of risk mitigation option 174 161 172
Interest accreted (701) (839) (874)
Effect of changes in interest rates and other financial assumptions 64 1,001 (654)
Effect of changes in fulfilment cash flows at current rates when CSM is unlocked at locked-in rates 69 140 (80)
Net finance expense from insurance and participating investment contracts (15,337) (10,381) (11,729)
Liabilities arising from insurance and participating investment contracts | Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net gains on other financial instruments mandatorily held at fair value through profit or loss 34 38 35
Foreign exchange 0 0 0
Investment property gains (losses) 0 0 0
Net investment return on assets held to back insurance and participating investment contracts 34 38 35
Changes in fair value of underlying items of direct participating contracts 0 0 0
Effects of risk mitigation option 0 0 0
Interest accreted (14) (7) (6)
Effect of changes in interest rates and other financial assumptions 0 0 0
Effect of changes in fulfilment cash flows at current rates when CSM is unlocked at locked-in rates 0 0 0
Net finance expense from insurance and participating investment contracts (14) (7) (6)
Contracts held with reinsurers      
Disclosure of analysis of insurance revenue [line items]      
Net finance income from reinsurance contracts held 54 47 51
Contracts held with reinsurers | Life      
Disclosure of analysis of insurance revenue [line items]      
Net finance income from reinsurance contracts held 54 47 51
Contracts held with reinsurers | Non-life      
Disclosure of analysis of insurance revenue [line items]      
Net finance income from reinsurance contracts held £ 0 £ 0 £ 0
[1] 1Comparative periods have been represented for presentational changes. See note 1.