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Insurance and reinsurance contracts - Additional analysis of insurance and reinsurance contract balances by segment (Details) - USD ($) $ in Millions | 12 Months Ended
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Dec. 31, 2024 | Dec. 31, 2023
Insurance |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | $ 138,691 | $ 125,133
Insurance service result | (2,595) | (2,258)
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | 295 | 233
Other net finance (income) expense | 3,859 | 8,606
Total net finance (income) expense from insurance and reinsurance contracts | 4,154 | 8,839
Total amount recognised in income statement | 1,559 | 6,581
Effect of movements in exchange rates | (1,763) | 210
Total amount recognised in comprehensive income | (204) | 6,791
Cash flows |  |
Total cash flows | 8,058 | 6,942
Other changes | (293) | (175)
Net closing (assets) liabilities at 31 Dec | 146,252 | 138,691
Insurance | Including JVs and associates |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 160,626 | 144,203
Insurance service result | (2,786) | (2,424)
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | 649 | 517
Other net finance (income) expense | 5,402 | 10,347
Total net finance (income) expense from insurance and reinsurance contracts | 6,051 | 10,864
Total amount recognised in income statement | 3,265 | 8,440
Effect of movements in exchange rates | (2,395) | (114)
Total amount recognised in comprehensive income | 870 | 8,326
Cash flows |  |
Total cash flows | 8,070 | 8,278
Other changes | (294) | (181)
Net closing (assets) liabilities at 31 Dec | 169,272 | 160,626
Insurance | Including JVs and associates | Mainland China |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 14,833 | 12,837
Insurance service result | (104) | (98)
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | 286 | 227
Other net finance (income) expense | 811 | 692
Total net finance (income) expense from insurance and reinsurance contracts | 1,097 | 919
Total amount recognised in income statement | 993 | 821
Effect of movements in exchange rates | (439) | (259)
Total amount recognised in comprehensive income | 554 | 562
Cash flows |  |
Total cash flows | 298 | 1,434
Net closing (assets) liabilities at 31 Dec | 15,685 | 14,833
Insurance | Including JVs and associates | Hong Kong |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 70,073 | 62,686
Insurance service result | (971) | (755)
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | 2 | (1)
Other net finance (income) expense | (1,792) | 3,646
Total net finance (income) expense from insurance and reinsurance contracts | (1,790) | 3,645
Total amount recognised in income statement | (2,761) | 2,890
Effect of movements in exchange rates | 376 | (11)
Total amount recognised in comprehensive income | (2,385) | 2,879
Cash flows |  |
Total cash flows | 4,907 | 4,509
Other changes | (1) | (1)
Net closing (assets) liabilities at 31 Dec | 72,594 | 70,073
Insurance | Including JVs and associates | Indonesia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 3,142 | 3,277
Insurance service result | (213) | (146)
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | 48 | 43
Other net finance (income) expense | 54 | 145
Total net finance (income) expense from insurance and reinsurance contracts | 102 | 188
Total amount recognised in income statement | (111) | 42
Effect of movements in exchange rates | (134) | 46
Total amount recognised in comprehensive income | (245) | 88
Cash flows |  |
Total cash flows | (245) | (186)
Other changes | (2) | (37)
Net closing (assets) liabilities at 31 Dec | 2,650 | 3,142
Insurance | Including JVs and associates | Malaysia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 8,394 | 8,027
Insurance service result | (290) | (254)
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | 94 | 100
Other net finance (income) expense | 857 | 498
Total net finance (income) expense from insurance and reinsurance contracts | 951 | 598
Total amount recognised in income statement | 661 | 344
Effect of movements in exchange rates | 252 | (336)
Total amount recognised in comprehensive income | 913 | 8
Cash flows |  |
Total cash flows | 279 | 364
Other changes | (1) | (5)
Net closing (assets) liabilities at 31 Dec | 9,585 | 8,394
Insurance | Including JVs and associates | Singapore |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 37,419 | 33,903
Insurance service result | (683) | (598)
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | 7 | 6
Other net finance (income) expense | 3,672 | 2,657
Total net finance (income) expense from insurance and reinsurance contracts | 3,679 | 2,663
Total amount recognised in income statement | 2,996 | 2,065
Effect of movements in exchange rates | (1,321) | 621
Total amount recognised in comprehensive income | 1,675 | 2,686
Cash flows |  |
Total cash flows | 1,170 | 884
Other changes | (54) | (54)
Net closing (assets) liabilities at 31 Dec | 40,210 | 37,419
Insurance | Including JVs and associates | Growth markets and other |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 26,765 | 23,473
Insurance service result | (525) | (573)
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | 212 | 142
Other net finance (income) expense | 1,800 | 2,709
Total net finance (income) expense from insurance and reinsurance contracts | 2,012 | 2,851
Total amount recognised in income statement | 1,487 | 2,278
Effect of movements in exchange rates | (1,129) | (175)
Total amount recognised in comprehensive income | 358 | 2,103
Cash flows |  |
Total cash flows | 1,661 | 1,273
Other changes | (236) | (84)
Net closing (assets) liabilities at 31 Dec | 28,548 | 26,765
Insurance | Best estimate liabilities (BEL) |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 116,163 | 104,042
Insurance service result | (2,974) | (3,478)
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | (24) | (43)
Other net finance (income) expense | 3,849 | 8,650
Total net finance (income) expense from insurance and reinsurance contracts | 3,825 | 8,607
Total amount recognised in income statement | 851 | 5,129
Effect of movements in exchange rates | (1,423) | 225
Total amount recognised in comprehensive income | (572) | 5,354
Cash flows |  |
Total cash flows | 8,058 | 6,942
Other changes | (273) | (175)
Net closing (assets) liabilities at 31 Dec | 123,376 | 116,163
Insurance | Best estimate liabilities (BEL) | Including JVs and associates |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 135,675 | 120,735
Insurance service result | (3,010) | (3,645)
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | 243 | 158
Other net finance (income) expense | 5,367 | 10,379
Total net finance (income) expense from insurance and reinsurance contracts | 5,610 | 10,537
Total amount recognised in income statement | 2,600 | 6,892
Effect of movements in exchange rates | (2,003) | (49)
Total amount recognised in comprehensive income | 597 | 6,843
Cash flows |  |
Total cash flows | 8,070 | 8,278
Other changes | (274) | (181)
Net closing (assets) liabilities at 31 Dec | 144,068 | 135,675
Insurance | Best estimate liabilities (BEL) | Including JVs and associates | Mainland China |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 13,029 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 14,033 | 13,029
Insurance | Best estimate liabilities (BEL) | Including JVs and associates | Hong Kong |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 60,761 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 63,056 | 60,761
Insurance | Best estimate liabilities (BEL) | Including JVs and associates | Indonesia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 2,197 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 1,839 | 2,197
Insurance | Best estimate liabilities (BEL) | Including JVs and associates | Malaysia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 5,910 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 7,032 | 5,910
Insurance | Best estimate liabilities (BEL) | Including JVs and associates | Singapore |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 31,770 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 34,235 | 31,770
Insurance | Best estimate liabilities (BEL) | Including JVs and associates | Growth markets and other |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 22,008 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 23,873 | 22,008
Insurance | Risk adjustment for non-financial risk (RA) |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 2,344 | 1,923
Insurance service result | 111 | 402
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | 49 | 47
Other net finance (income) expense | 3 | (32)
Total net finance (income) expense from insurance and reinsurance contracts | 52 | 15
Total amount recognised in income statement | 163 | 417
Effect of movements in exchange rates | (41) | 4
Total amount recognised in comprehensive income | 122 | 421
Cash flows |  |
Other changes | (20) |
Net closing (assets) liabilities at 31 Dec | 2,446 | 2,344
Insurance | Risk adjustment for non-financial risk (RA) | Including JVs and associates |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 2,599 | 2,164
Insurance service result | 124 | 405
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | 56 | 52
Other net finance (income) expense | 28 | (20)
Total net finance (income) expense from insurance and reinsurance contracts | 84 | 32
Total amount recognised in income statement | 208 | 437
Effect of movements in exchange rates | (44) | (2)
Total amount recognised in comprehensive income | 164 | 435
Cash flows |  |
Other changes | (20) |
Net closing (assets) liabilities at 31 Dec | 2,743 | 2,599
Insurance | Risk adjustment for non-financial risk (RA) | Including JVs and associates | Mainland China |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 152 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 168 | 152
Insurance | Risk adjustment for non-financial risk (RA) | Including JVs and associates | Hong Kong |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 776 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 698 | 776
Insurance | Risk adjustment for non-financial risk (RA) | Including JVs and associates | Indonesia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 206 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 189 | 206
Insurance | Risk adjustment for non-financial risk (RA) | Including JVs and associates | Malaysia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 357 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 418 | 357
Insurance | Risk adjustment for non-financial risk (RA) | Including JVs and associates | Singapore |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 687 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 815 | 687
Insurance | Risk adjustment for non-financial risk (RA) | Including JVs and associates | Growth markets and other |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 421 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 455 | 421
Insurance | Contractual service margin (CSM) |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 20,184 | 19,168
Insurance service result | 268 | 818
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | 270 | 229
Other net finance (income) expense | 7 | (12)
Total net finance (income) expense from insurance and reinsurance contracts | 277 | 217
Total amount recognised in income statement | 545 | 1,035
Effect of movements in exchange rates | (299) | (19)
Total amount recognised in comprehensive income | 246 | 1,016
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 20,430 | 20,184
Insurance | Contractual service margin (CSM) | Including JVs and associates |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 22,352 | 21,304
Insurance service result | 100 | 816
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | 350 | 307
Other net finance (income) expense | 7 | (12)
Total net finance (income) expense from insurance and reinsurance contracts | 357 | 295
Total amount recognised in income statement | 457 | 1,111
Effect of movements in exchange rates | (348) | (63)
Total amount recognised in comprehensive income | 109 | 1,048
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 22,461 | 22,352
Insurance | Contractual service margin (CSM) | Including JVs and associates | Mainland China |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 1,652 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 1,484 | 1,652
Insurance | Contractual service margin (CSM) | Including JVs and associates | Hong Kong |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 8,536 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 8,840 | 8,536
Insurance | Contractual service margin (CSM) | Including JVs and associates | Indonesia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 739 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 622 | 739
Insurance | Contractual service margin (CSM) | Including JVs and associates | Malaysia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 2,127 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 2,135 | 2,127
Insurance | Contractual service margin (CSM) | Including JVs and associates | Singapore |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 4,962 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 5,160 | 4,962
Insurance | Contractual service margin (CSM) | Including JVs and associates | Growth markets and other |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 4,336 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 4,220 | 4,336
Reinsurance |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (1,275) | (681)
Insurance service result | 302 | 171
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | (109) | (45)
Other net finance (income) expense | 447 | (146)
Total net finance (income) expense from insurance and reinsurance contracts | 338 | (191)
Total amount recognised in income statement | 640 | (20)
Effect of movements in exchange rates | 9 |
Total amount recognised in comprehensive income | 649 | (20)
Cash flows |  |
Total cash flows | (2,225) | (574)
Other changes | (3) |
Net closing (assets) liabilities at 31 Dec | (2,854) | (1,275)
Reinsurance | Including JVs and associates |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (1,390) | (800)
Insurance service result | 306 | 189
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | (116) | (53)
Other net finance (income) expense | 443 | (146)
Total net finance (income) expense from insurance and reinsurance contracts | 327 | (199)
Total amount recognised in income statement | 633 | (10)
Effect of movements in exchange rates | 10 | 3
Total amount recognised in comprehensive income | 643 | (7)
Cash flows |  |
Total cash flows | (2,248) | (583)
Other changes | (3) |
Net closing (assets) liabilities at 31 Dec | (2,998) | (1,390)
Reinsurance | Including JVs and associates | Mainland China |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (21) | (22)
Insurance service result | 5 | 8
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | (1) | (1)
Other net finance (income) expense | 1 |
Total net finance (income) expense from insurance and reinsurance contracts |  | (1)
Total amount recognised in income statement | 5 | 7
Effect of movements in exchange rates | 2 | 3
Total amount recognised in comprehensive income | 7 | 10
Cash flows |  |
Total cash flows | (8) | (9)
Net closing (assets) liabilities at 31 Dec | (22) | (21)
Reinsurance | Including JVs and associates | Hong Kong |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (1,389) | (923)
Insurance service result | 279 | 135
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | (79) | (38)
Other net finance (income) expense | 472 | (154)
Total net finance (income) expense from insurance and reinsurance contracts | 393 | (192)
Total amount recognised in income statement | 672 | (57)
Effect of movements in exchange rates | (11) | (2)
Total amount recognised in comprehensive income | 661 | (59)
Cash flows |  |
Total cash flows | (1,314) | (407)
Net closing (assets) liabilities at 31 Dec | (2,042) | (1,389)
Reinsurance | Including JVs and associates | Indonesia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 9 | 5
Insurance service result | 8 | 2
Net finance (income) expense from insurance and reinsurance contracts |  |
Other net finance (income) expense | (1) | (6)
Total net finance (income) expense from insurance and reinsurance contracts | (1) | (6)
Total amount recognised in income statement | 7 | (4)
Effect of movements in exchange rates | (1) | (1)
Total amount recognised in comprehensive income | 6 | (5)
Cash flows |  |
Total cash flows |  | 9
Net closing (assets) liabilities at 31 Dec | 15 | 9
Reinsurance | Including JVs and associates | Malaysia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 25 | 22
Insurance service result | 12 | 9
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | 1 | 1
Total net finance (income) expense from insurance and reinsurance contracts | 1 | 1
Total amount recognised in income statement | 13 | 10
Effect of movements in exchange rates | 1 | (1)
Total amount recognised in comprehensive income | 14 | 9
Cash flows |  |
Total cash flows | (22) | (6)
Net closing (assets) liabilities at 31 Dec | 17 | 25
Reinsurance | Including JVs and associates | Singapore |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 6 | 178
Insurance service result | (11) | 17
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | (32) | (8)
Other net finance (income) expense | (23) | 1
Total net finance (income) expense from insurance and reinsurance contracts | (55) | (7)
Total amount recognised in income statement | (66) | 10
Effect of movements in exchange rates | 18 | (1)
Total amount recognised in comprehensive income | (48) | 9
Cash flows |  |
Total cash flows | (875) | (181)
Net closing (assets) liabilities at 31 Dec | (917) | 6
Reinsurance | Including JVs and associates | Growth markets and other |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (20) | (60)
Insurance service result | 13 | 18
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | (5) | (7)
Other net finance (income) expense | (6) | 13
Total net finance (income) expense from insurance and reinsurance contracts | (11) | 6
Total amount recognised in income statement | 2 | 24
Effect of movements in exchange rates | 1 | 5
Total amount recognised in comprehensive income | 3 | 29
Cash flows |  |
Total cash flows | (29) | 11
Other changes | (3) |
Net closing (assets) liabilities at 31 Dec | (49) | (20)
Reinsurance | Best estimate liabilities (BEL) |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 7 | 654
Insurance service result | (357) | 76
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | (73) | 6
Other net finance (income) expense | 435 | (156)
Total net finance (income) expense from insurance and reinsurance contracts | 362 | (150)
Total amount recognised in income statement | 5 | (74)
Effect of movements in exchange rates | 15 | 1
Total amount recognised in comprehensive income | 20 | (73)
Cash flows |  |
Total cash flows | (2,225) | (574)
Other changes | (3) |
Net closing (assets) liabilities at 31 Dec | (2,201) | 7
Reinsurance | Best estimate liabilities (BEL) | Including JVs and associates |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (93) | 541
Insurance service result | (348) | 105
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | (80) | (3)
Other net finance (income) expense | 432 | (155)
Total net finance (income) expense from insurance and reinsurance contracts | 352 | (158)
Total amount recognised in income statement | 4 | (53)
Effect of movements in exchange rates | 18 | 2
Total amount recognised in comprehensive income | 22 | (51)
Cash flows |  |
Total cash flows | (2,248) | (583)
Other changes | (3) |
Net closing (assets) liabilities at 31 Dec | (2,322) | (93)
Reinsurance | Best estimate liabilities (BEL) | Including JVs and associates | Mainland China |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 4 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 3 | 4
Reinsurance | Best estimate liabilities (BEL) | Including JVs and associates | Hong Kong |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (44) |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | (1,220) | (44)
Reinsurance | Best estimate liabilities (BEL) | Including JVs and associates | Indonesia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 22 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 11 | 22
Reinsurance | Best estimate liabilities (BEL) | Including JVs and associates | Malaysia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 26 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 15 | 26
Reinsurance | Best estimate liabilities (BEL) | Including JVs and associates | Singapore |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (146) |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | (1,169) | (146)
Reinsurance | Best estimate liabilities (BEL) | Including JVs and associates | Growth markets and other |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 45 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 38 | 45
Reinsurance | Risk adjustment for non-financial risk (RA) |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 63 | (5)
Insurance service result | (205) | 62
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | (6) | (2)
Other net finance (income) expense | 5 | 10
Total net finance (income) expense from insurance and reinsurance contracts | (1) | 8
Total amount recognised in income statement | (206) | 70
Effect of movements in exchange rates |  | (2)
Total amount recognised in comprehensive income | (206) | 68
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | (143) | 63
Reinsurance | Risk adjustment for non-financial risk (RA) | Including JVs and associates |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 43 | (26)
Insurance service result | (214) | 64
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | (7) | (3)
Other net finance (income) expense | 3 | 9
Total net finance (income) expense from insurance and reinsurance contracts | (4) | 6
Total amount recognised in income statement | (218) | 70
Effect of movements in exchange rates |  | (1)
Total amount recognised in comprehensive income | (218) | 69
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | (175) | 43
Reinsurance | Risk adjustment for non-financial risk (RA) | Including JVs and associates | Mainland China |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (3) |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | (3) | (3)
Reinsurance | Risk adjustment for non-financial risk (RA) | Including JVs and associates | Hong Kong |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 84 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | (84) | 84
Reinsurance | Risk adjustment for non-financial risk (RA) | Including JVs and associates | Indonesia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (7) |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | (8) | (7)
Reinsurance | Risk adjustment for non-financial risk (RA) | Including JVs and associates | Malaysia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (7) |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | (12) | (7)
Reinsurance | Risk adjustment for non-financial risk (RA) | Including JVs and associates | Singapore |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 3 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | (15) | 3
Reinsurance | Risk adjustment for non-financial risk (RA) | Including JVs and associates | Growth markets and other |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (27) |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | (53) | (27)
Reinsurance | Contractual service margin (CSM) |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (1,345) | (1,330)
Insurance service result | 864 | 33
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | (30) | (49)
Other net finance (income) expense | 7 |
Total net finance (income) expense from insurance and reinsurance contracts | (23) | (49)
Total amount recognised in income statement | 841 | (16)
Effect of movements in exchange rates | (6) | 1
Total amount recognised in comprehensive income | 835 | (15)
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | (510) | (1,345)
Reinsurance | Contractual service margin (CSM) | Including JVs and associates |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (1,340) | (1,315)
Insurance service result | 868 | 20
Net finance (income) expense from insurance and reinsurance contracts |  |
Accretion of interest on GMM contracts | (29) | (47)
Other net finance (income) expense | 8 |
Total net finance (income) expense from insurance and reinsurance contracts | (21) | (47)
Total amount recognised in income statement | 847 | (27)
Effect of movements in exchange rates | (8) | 2
Total amount recognised in comprehensive income | 839 | (25)
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | (501) | (1,340)
Reinsurance | Contractual service margin (CSM) | Including JVs and associates | Mainland China |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (22) |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | (22) | (22)
Reinsurance | Contractual service margin (CSM) | Including JVs and associates | Hong Kong |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (1,429) |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | (738) | (1,429)
Reinsurance | Contractual service margin (CSM) | Including JVs and associates | Indonesia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (6) |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 12 | (6)
Reinsurance | Contractual service margin (CSM) | Including JVs and associates | Malaysia |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 6 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 14 | 6
Reinsurance | Contractual service margin (CSM) | Including JVs and associates | Singapore |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | 149 |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | 267 | 149
Reinsurance | Contractual service margin (CSM) | Including JVs and associates | Growth markets and other |  |
Analysis of movements in insurance and reinsurance contract balances by measurement component |  |
Net opening (assets) liabilities at 1 Jan | (38) |
Cash flows |  |
Net closing (assets) liabilities at 31 Dec | $ (34) | $ (38)

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