v3.25.4
Report of Directors Financial Review Risk Report - Sensitivity of HSBC’s insurance manufacturing subsidiaries to market risk factors (Details) - Market risk - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Effect on CSM    
+100 basis point parallel shift in yield curves $ (370) $ (155)
-100 basis point parallel shift in yield curves (51) (249)
+100 basis point shift in credit spreads (918) (907)
-100 basis point shift in credit spreads 897 876
10% increase in growth assets 461 467
10% decrease in growth assets (533) (514)
10% appreciation in US dollar exchange rate against local functional currency 102 71
10% depreciation in US dollar exchange rate against local functional currency (75) (26)
Effect on profit after tax for the year    
+100 basis point parallel shift in yield curves 36 83
-100 basis point parallel shift in yield curves (127) (217)
+100 basis point shift in credit spreads (15) (84)
-100 basis point shift in credit spreads 74 60
10% increase in growth assets 64 73
10% decrease in growth assets (75) (79)
10% appreciation in US dollar exchange rate against local functional currency 20 17
10% depreciation in US dollar exchange rate against local functional currency (15) (3)
Effect on total equity    
+100 basis point parallel shift in yield curves 36 52
-100 basis point parallel shift in yield curves (127) (186)
+100 basis point shift in credit spreads (15) (115)
-100 basis point shift in credit spreads 74 91
10% increase in growth assets 64 73
10% decrease in growth assets (75) (79)
10% appreciation in US dollar exchange rate against local functional currency 20 17
10% depreciation in US dollar exchange rate against local functional currency $ (15) $ (3)