v3.25.4
Insurance business - Insurance service result (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Insurance revenue      
Amounts relating to changes in liabilities for remaining coverage $ 2,831 $ 2,456 $ 2,096
– Contractual service margin recognised for services provided 1,593 1,331 1,126
– Change in risk adjustment for non-financial risk for risk expired 65 66 36
– Expected incurred claims and other insurance service expenses 1,169 1,056 898
– Other 4 3 36
Recovery of insurance acquisition cash flows 397 296 163
Total insurance revenue 3,228 2,752 2,259
Insurance service expenses      
Incurred claims and other insurance service expenses (906) (1,044) (907)
Losses and reversal of losses on onerous contracts (87) (123) (109)
Amortisation of insurance acquisition cash flows (397) (296) (163)
Adjustments to liabilities for incurred claims (13) 21 (2)
Total insurance service expenses (1,403) (1,442) (1,181)
Insurance service result 1,825 1,310 1,078
HSBC Life (UK) Limited and HSBC Assurances Vie (France)      
Insurance service expenses      
Insurance service result 200 0 0
Life direct participating and investment DPF contracts      
Insurance revenue      
Amounts relating to changes in liabilities for remaining coverage 2,212 1,890 1,626
– Contractual service margin recognised for services provided 1,428 1,143 975
– Change in risk adjustment for non-financial risk for risk expired 46 46 21
– Expected incurred claims and other insurance service expenses 734 698 594
– Other 4 3 36
Recovery of insurance acquisition cash flows 285 195 109
Total insurance revenue 2,497 2,085 1,735
Insurance service expenses      
Incurred claims and other insurance service expenses (488) (616) (615)
Losses and reversal of losses on onerous contracts (36) (50) (32)
Amortisation of insurance acquisition cash flows (285) (195) (109)
Adjustments to liabilities for incurred claims (7) (6) (1)
Total insurance service expenses (816) (867) (757)
Insurance service result 1,681 1,218 978
Life other contracts      
Insurance revenue      
Amounts relating to changes in liabilities for remaining coverage 619 566 470
– Contractual service margin recognised for services provided 165 188 151
– Change in risk adjustment for non-financial risk for risk expired 19 20 15
– Expected incurred claims and other insurance service expenses 435 358 304
– Other 0 0 0
Recovery of insurance acquisition cash flows 112 101 54
Total insurance revenue 731 667 524
Insurance service expenses      
Incurred claims and other insurance service expenses (418) (428) (292)
Losses and reversal of losses on onerous contracts (51) (73) (77)
Amortisation of insurance acquisition cash flows (112) (101) (54)
Adjustments to liabilities for incurred claims (6) 27 (1)
Total insurance service expenses (587) (575) (424)
Insurance service result $ 144 $ 92 $ 100