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Insurance and reinsurance contracts - Analysis of portfolio of insurance and reinsurance (RI) contract assets and liabilities (Details) - USD ($) $ in Millions | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
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Analysis of insurance portfolios |  |  |
Insurance contract assets | $ 1,345 | $ 1,180 |
Reinsurance contract assets | 3,390 | 2,426 |
Insurance contract liabilities | 147,566 | 139,840 |
Reinsurance contract liabilities | 536 | 1,151 |
Insurance |  |  |
Analysis of insurance portfolios |  |  |
Assets | 1,313 | 1,148 | $ 1,106
Liabilities | 147,565 | 139,839 | 126,239
Net liabilities (assets) | 146,252 | 138,691 | 125,133
Assets for insurance acquisition cash flows | 32 | 32 |
Liabilities for insurance acquisition cash flows | 1 | 1 |
Liability (asset) for insurance acquisition cash flows | (31) | (31) |
Insurance contract assets | 1,345 | 1,180 |
Insurance contract liabilities | 147,566 | 139,840 |
Insurance contract liabilities (assets) | 146,221 | 138,660 |
Insurance | Including JVs and associates |  |  |
Analysis of insurance portfolios |  |  |
Assets | 1,397 | 1,192 | 1,139
Liabilities | 170,669 | 161,818 | 145,342
Net liabilities (assets) | 169,272 | 160,626 | 144,203
Assets for insurance acquisition cash flows | 32 | 32 |
Liabilities for insurance acquisition cash flows | 1 | 1 |
Liability (asset) for insurance acquisition cash flows | (31) | (31) |
Insurance contract assets | 1,429 | 1,224 |
Insurance contract liabilities | 170,670 | 161,819 |
Insurance contract liabilities (assets) | 169,241 | 160,595 |
Insurance | Best estimate liabilities (BEL) |  |  |
Analysis of insurance portfolios |  |  |
Assets | 4,566 | 3,952 | 3,540
Liabilities | 127,942 | 120,115 | 107,582
Net liabilities (assets) | 123,376 | 116,163 | 104,042
Insurance | Best estimate liabilities (BEL) | Including JVs and associates |  |  |
Analysis of insurance portfolios |  |  |
Assets | 4,799 | 3,998 | 3,562
Liabilities | 148,867 | 139,673 | 124,297
Net liabilities (assets) | 144,068 | 135,675 | 120,735
Insurance | Risk adjustment for non-financial risk (RA) |  |  |
Analysis of insurance portfolios |  |  |
Assets | (791) | (631) | (505)
Liabilities | 1,655 | 1,713 | 1,418
Net liabilities (assets) | 2,446 | 2,344 | 1,923
Insurance | Risk adjustment for non-financial risk (RA) | Including JVs and associates |  |  |
Analysis of insurance portfolios |  |  |
Assets | (803) | (630) | (502)
Liabilities | 1,940 | 1,969 | 1,662
Net liabilities (assets) | 2,743 | 2,599 | 2,164
Insurance | Contractual service margin (CSM) |  |  |
Analysis of insurance portfolios |  |  |
Assets | (2,462) | (2,173) | (1,929)
Liabilities | 17,968 | 18,011 | 17,239
Net liabilities (assets) | 20,430 | 20,184 | 19,168
Insurance | Contractual service margin (CSM) | Including JVs and associates |  |  |
Analysis of insurance portfolios |  |  |
Assets | (2,599) | (2,176) | (1,921)
Liabilities | 19,862 | 20,176 | 19,383
Net liabilities (assets) | 22,461 | 22,352 | 21,304
RI |  |  |
Analysis of insurance portfolios |  |  |
Assets | 3,390 | 2,426 | 1,856
Liabilities | 536 | 1,151 | 1,175
Net liabilities (assets) | (2,854) | (1,275) | (681)
Reinsurance contract assets | 3,390 | 2,426 |
Reinsurance contract liabilities | 536 | 1,151 |
Reinsurance contract liabilities (assets) | (2,854) | (1,275) |
RI | Including JVs and associates |  |  |
Analysis of insurance portfolios |  |  |
Assets | 3,556 | 2,569 | 2,000
Liabilities | 558 | 1,179 | 1,200
Net liabilities (assets) | (2,998) | (1,390) | (800)
Reinsurance contract assets | 3,556 | 2,569 |
Reinsurance contract liabilities | 558 | 1,179 |
Reinsurance contract liabilities (assets) | (2,998) | (1,390) |
RI | Best estimate liabilities (BEL) |  |  |
Analysis of insurance portfolios |  |  |
Assets | 2,624 | 1,175 | 508
Liabilities | 423 | 1,182 | 1,162
Net liabilities (assets) | (2,201) | 7 | 654
RI | Best estimate liabilities (BEL) | Including JVs and associates |  |  |
Analysis of insurance portfolios |  |  |
Assets | 2,783 | 1,315 | 652
Liabilities | 461 | 1,222 | 1,193
Net liabilities (assets) | (2,322) | (93) | 541
RI | Risk adjustment for non-financial risk (RA) |  |  |
Analysis of insurance portfolios |  |  |
Assets | 99 | (84) | (39)
Liabilities | (44) | (21) | (44)
Net liabilities (assets) | (143) | 63 | (5)
RI | Risk adjustment for non-financial risk (RA) | Including JVs and associates |  |  |
Analysis of insurance portfolios |  |  |
Assets | 128 | (67) | (21)
Liabilities | (47) | (24) | (47)
Net liabilities (assets) | (175) | 43 | (26)
RI | Contractual service margin (CSM) |  |  |
Analysis of insurance portfolios |  |  |
Assets | 667 | 1,335 | 1,387
Liabilities | 157 | (10) | 57
Net liabilities (assets) | (510) | (1,345) | (1,330)
RI | Contractual service margin (CSM) | Including JVs and associates |  |  |
Analysis of insurance portfolios |  |  |
Assets | 645 | 1,321 | 1,369
Liabilities | 144 | (19) | 54
Net liabilities (assets) | $ (501) | $ (1,340) | $ (1,315)

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