v3.25.4
Report of Directors Financial Review Risk Report - Balance sheet of insurance manufacturing subsidiaries by type of contract (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Disclosure of reconciliation of changes in insurance contracts by components [line items]        
Financial assets $ 3,117,161 $ 2,923,319    
Derivatives 237,740 268,637    
Other financial assets 10,881 11,397    
Reinsurance contract assets 5,886 4,798    
Assets held for sale 11,115 27,234    
Total assets 3,233,034 3,017,048 $ 3,038,677  
Insurance contract liabilities 122,955 107,629    
Reinsurance contract liabilities 682 701    
Liabilities of disposal groups held for sale 23,382 29,011    
Other liabilities 21,112 19,052    
Total liabilities 3,027,368 2,824,775    
Total equity 205,666 192,273 $ 192,610 $ 185,197
Total liabilities and equity 3,233,034 3,017,048    
Insurance manufacturing subsidiaries        
Disclosure of reconciliation of changes in insurance contracts by components [line items]        
Financial assets 127,432 115,322    
financial assets designated and otherwise mandatorily measured at fair value through profit or loss 116,605 104,089    
Derivatives 144 215    
– financial investments – at amortised cost 5,388 6,030    
– financial assets at fair value through other comprehensive income 217 79    
Other financial assets 5,078 4,909    
Insurance contract assets 110 118    
Reinsurance contract assets 5,948 5,013    
Assets held for sale 6,624 24,222    
Other assets and investment properties 4,644 3,862    
Total assets 144,758 148,537    
Liabilities under investment contracts designated at fair value 5,288 5,931    
Insurance contract liabilities 121,868 107,032    
Reinsurance contract liabilities 680 701    
Liabilities of disposal groups held for sale 6,386 23,420    
Other liabilities 3,821 4,438    
Total liabilities 138,043 141,522    
Total equity 6,715 7,015    
Total liabilities and equity 144,758 148,537    
Insurance manufacturing subsidiaries | Assets and liabilities related to insurance contracts | Life direct participating and investment DPF contracts        
Disclosure of reconciliation of changes in insurance contracts by components [line items]        
Financial assets 111,078 98,676    
financial assets designated and otherwise mandatorily measured at fair value through profit or loss 106,705 94,327    
Derivatives 136 207    
– financial investments – at amortised cost 609 545    
– financial assets at fair value through other comprehensive income 0 0    
Other financial assets 3,628 3,597    
Insurance contract assets 12 14    
Reinsurance contract assets 0 0    
Assets held for sale 4,748 22,855    
Other assets and investment properties 1,785 1,792    
Total assets 117,623 123,337    
Liabilities under investment contracts designated at fair value 0 0    
Insurance contract liabilities 117,107 102,605    
Reinsurance contract liabilities 0 0    
Liabilities of disposal groups held for sale 4,734 21,772    
Other liabilities 0 0    
Total liabilities 121,841 124,377    
Total equity 0 0    
Total liabilities and equity 121,841 124,377    
Insurance manufacturing subsidiaries | Assets and liabilities related to insurance contracts | Life other contracts        
Disclosure of reconciliation of changes in insurance contracts by components [line items]        
Financial assets 5,277 4,452    
financial assets designated and otherwise mandatorily measured at fair value through profit or loss 4,984 4,233    
Derivatives 8 7    
– financial investments – at amortised cost 115 90    
– financial assets at fair value through other comprehensive income 0 0    
Other financial assets 170 122    
Insurance contract assets 98 104    
Reinsurance contract assets 5,948 5,013    
Assets held for sale 258 0    
Other assets and investment properties 118 64    
Total assets 11,699 9,633    
Liabilities under investment contracts designated at fair value 0 0    
Insurance contract liabilities 4,761 4,427    
Reinsurance contract liabilities 680 701    
Liabilities of disposal groups held for sale 234 39    
Other liabilities 0 0    
Total liabilities 5,675 5,167    
Total equity 0 0    
Total liabilities and equity 5,675 5,167    
Insurance manufacturing subsidiaries | Assets and liabilities related to insurance contracts | Other contracts        
Disclosure of reconciliation of changes in insurance contracts by components [line items]        
Financial assets 5,672 6,227    
financial assets designated and otherwise mandatorily measured at fair value through profit or loss 4,337 4,839    
Derivatives 0 1    
– financial investments – at amortised cost 1,010 1,060    
– financial assets at fair value through other comprehensive income 3 6    
Other financial assets 322 321    
Insurance contract assets 0 0    
Reinsurance contract assets 0 0    
Assets held for sale 1,347 0    
Other assets and investment properties 45 36    
Total assets 7,064 6,263    
Liabilities under investment contracts designated at fair value 5,288 5,931    
Insurance contract liabilities 0 0    
Reinsurance contract liabilities 0 0    
Liabilities of disposal groups held for sale 0 0    
Other liabilities 0 0    
Total liabilities 5,288 5,931    
Total equity 0 0    
Total liabilities and equity 5,288 5,931    
Insurance manufacturing subsidiaries | Shareholder assets and liabilities        
Disclosure of reconciliation of changes in insurance contracts by components [line items]        
Financial assets 5,405 5,967    
financial assets designated and otherwise mandatorily measured at fair value through profit or loss 579 690    
Derivatives 0 0    
– financial investments – at amortised cost 3,654 4,335    
– financial assets at fair value through other comprehensive income 214 73    
Other financial assets 958 869    
Insurance contract assets 0 0    
Reinsurance contract assets 0 0    
Assets held for sale 271 1,367    
Other assets and investment properties 2,696 1,970    
Total assets 8,372 9,304    
Liabilities under investment contracts designated at fair value 0 0    
Insurance contract liabilities 0 0    
Reinsurance contract liabilities 0 0    
Liabilities of disposal groups held for sale 1,418 1,609    
Other liabilities 3,821 4,438    
Total liabilities 5,239 6,047    
Total equity 6,715 7,015    
Total liabilities and equity $ 11,954 $ 13,062