

	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		294		238

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

10.4 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		-		-

	10,047		7,680		7,047

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

	43		(35	)	-

Realized gains and (losses) on financial investments

Debt securities and money market investments (FVOCI)	(28	)	(11	)	(113	)

	(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

	3		-		(4	)

For the year ended December 31	10,065		7,634		6,929

Represented by:

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	)