Insurance (Tables)

12 Months Ended

Dec. 31, 2023

Insurance [Abstract]

Summary of Reconciliation of Changes In Insurance Contracts

	2023 $m			2022 $m
At 1 January		32			25
Insurance expenses		21			9
Claims and other amounts paid		(15	)		(2	)
Impact of discounting and other changes		(1	)		–
At 31 December		37			32
Analysed as:
Current		12			9
Non-current		25			23
		37			32
Incurred but not reported claims (‘IBNR’)a		20			25
Reported but not settled claims		17			7
		37			32

a  Includes unallocated loss expenses.

Summary of Analysis of Insurance Revenue

	2023 $m			2022 $m
Revenue from insurance activities		21			15
Insurance expenses (inclusive of overhead costs)		(23	)		(11	)
Insurance result		(2	)		4