10 Other net investment result
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| |
|
|
Note |
|
|
|
2025 |
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
|
|
| Interest revenue on financial instruments calculated using the effective interest method |
|
|
10.1 |
|
|
|
636 |
|
|
|
605 |
|
|
|
599 |
|
|
|
|
|
|
Interest income from instruments measured at FVPL |
|
|
10.2 |
|
|
|
217 |
|
|
|
186 |
|
|
|
89 |
|
|
|
|
|
|
Other investment income |
|
|
10.3 |
|
|
|
825 |
|
|
|
729 |
|
|
|
550 |
|
|
|
|
|
|
Results from financial transactions |
|
|
10.4 |
|
|
|
10,065 |
|
|
|
7,634 |
|
|
|
6,929 |
|
|
|
|
|
|
Impairment (losses) / reversals |
|
|
10.5 |
|
|
|
(22 |
) |
|
|
(47 |
) |
|
|
(33 |
) |
|
|
|
|
|
Investment contract income / (expenses) |
|
|
|
|
|
|
(11,372 |
) |
|
|
(8,781 |
) |
|
|
(7,851 |
) |
|
|
|
|
|
Interest expenses |
|
|
|
|
|
|
(18 |
) |
|
|
(32 |
) |
|
|
(45 |
) |
|
|
|
|
|
For the year ended December 31 |
|
|
|
|
|
|
331 |
|
|
|
|
|
|
|
|
| 10.1 Interest revenue on financial instruments calculated using the effective interest method
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
2025 |
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
|
Debt securities and money market instruments |
|
|
557 |
|
|
|
484 |
|
|
|
457 |
|
|
|
|
|
Other |
|
|
80 |
|
|
|
121 |
|
|
|
142 |
|
| |
|
|
|
For the year ended December 31 |
|
|
636 |
|
|
|
605 |
|
|
|
599 |
| 10.2 Interest income from instruments measured at FVPL
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
2025 |
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
|
Non-derivative assets applying the fair value option |
|
|
74 |
|
|
|
65 |
|
|
|
89 |
|
|
|
|
|
Non-derivative assets failing the SPPI criteria |
|
|
15 |
|
|
|
13 |
|
|
|
- |
|
|
|
|
|
Non-derivative assets - PH designated |
|
|
129 |
|
|
|
108 |
|
|
|
- |
|
| |
|
|
|
For the year ended December 31 |
|
|
217 |
|
|
|
186 |
|
|
|
89 |
| 10.3 Other investment income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
2025 |
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
|
Dividend income |
|
|
819 |
|
|
|
724 |
|
|
|
547 |
|
|
|
|
|
Rental income |
|
|
6 |
|
|
|
4 |
|
|
|
3 |
|
| |
|
|
|
For the year ended December 31 |
|
|
825 |
|
|
|
729 |
|
|
|
550 |
| 10.4 Results from financial transactions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
2025 |
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
|
Net fair value change of financial investments at FVPL (excl. derivatives) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
421 |
|
|
|
368 |
|
|
|
195 |
|
|
|
|
|
Debt securities and money market investments |
|
|
47 |
|
|
|
(55 |
) |
|
|
46 |
|
|
|
|
|
Unconsolidated investment funds |
|
|
9,578 |
|
|
|
7,367 |
|
|
|
6,805 |
|
|
|
|
|
Other |
|
|
1 |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net fair value change of derivatives |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Economic hedges where no hedge accounting is applied |
|
|
43 |
|
|
|
(38 |
) |
|
|
(8 |
) |
|
|
|
|
Bifurcated embedded derivatives |
|
|
- |
|
|
|
3 |
|
|
|
5 |
|
|
|
|
|
Change in fair value of hedges on guarantees in investment contracts without DPF |
|
|
- |
|
|
|
(2 |
) |
|
|
- |
|
|
|
|
|
Ineffective portion of hedge transactions to which hedge accounting is applied |
|
|
- |
|
|
|
2 |
|
|
|
3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized gains and (losses) on financial investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt securities and money market investments (FVOCI) |
|
|
(28 |
) |
|
|
(11 |
) |
|
|
(113 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gains and (losses) on investments in real estate |
|
|
1 |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
Net fair value change on investments in real estate |
|
|
2 |
|
|
|
1 |
|
|
|
(6 |
) |
|
|
|
|
Net foreign currency gains and (losses) |
|
|
- |
|
|
|
(2 |
) |
|
|
2 |
|
| |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended December 31 |
|
|
10,065 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets designated at FVPL |
|
|
10,064 |
|
|
|
7,666 |
|
|
|
7,043 |
|
|
|
|
|
Assets mandatorily measured at FVPL |
|
|
(17 |
) |
|
|
14 |
|
|
|
3 |
|
|
|
|
|
Other (i.e. FVOCI) |
|
|
18 |
|
|
|
(47 |
) |
|
|
(117 |
) | 10.5 Impairment (losses) / reversals
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
2025 |
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
|
Impairment (losses) on financial assets, excluding receivables |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt securities and money market investments |
|
|
(21 |
) |
|
|
(40 |
) |
|
|
(4 |
) |
|
|
|
|
Impairment (losses) / reversals on non-financial assets and receivables |
|
|
(1 |
) |
|
|
(7 |
) |
|
|
(29 |
) |
| |
|
|
|
For the year ended December 31 |
|
|
(22 |
) |
|
|
(47 |
) |
|
|
(33 |
) |
|