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Consolidated income statement - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Consolidated income statement      
Insurance revenue $ 10,358 $ 9,371 $ 8,549
Insurance service expense:      
Claims incurred (3,147) (2,913) (2,563)
Directly attributable expenses incurred (1,328) (1,258) (1,221)
Amortisation of insurance acquisition cash flows (3,157) (2,745) (2,453)
Other insurance service expenses (131) (197) (30)
Insurance service expense (7,763) (7,113) (6,267)
Net expense from reinsurance contracts held (302) (171) (105)
Insurance service result 2,293 2,087 2,177
Interest revenue calculated using the effective interest method 477 340 237
Other investment return on financial investments 5,442 9,423 (29,617)
Investment return 5,919 9,763 (29,380)
Fair value movements on investment contract liabilities (95) (24) 67
Net insurance and reinsurance finance income (expense):      
Net finance (expense) income from insurance contracts (4,154) (8,839) 28,623
Net finance (expense) income from reinsurance contracts held (338) 191 (1,193)
Net insurance and reinsurance finance income (expense) (4,492) (8,648) 27,430
Net investment result 1,332 1,091 (1,883)
Other revenue 382 369 436
Non-insurance expenditure (1,003) (990) (1,019)
Finance costs: interest on core structural borrowings of shareholder-financed businesses (171) (172) (200)
(Loss) gain attaching to corporate transactions (71) (22) 55
Share of profit (loss) from joint ventures and associates, net of related tax 477 (91) (85)
Profit (loss) before tax (being tax attributable to shareholders' and policyholders' returns) note (i) [1] 3,239 2,272 (519)
Tax charge attributable to policyholders' returns (286) (175) (124)
Profit (loss) before tax attributable to shareholders' returns 2,953 2,097 (643)
Total tax charge attributable to shareholders' and policyholders' returns (824) (560) (478)
Remove tax charge attributable to policyholders' returns 286 175 124
Tax charge attributable to shareholders' returns (538) (385) (354)
Profit (loss) for the year 2,415 1,712 (997)
Attributable to:      
Profit (loss) attributable to equity holders of the Company 2,285 1,701 (1,007)
Profit (loss) attributable to non-controlling interests 130 11 10
Profit (loss) for the year $ 2,415 $ 1,712 $ (997)
Basic      
Basic earnings per share $ 0.841 $ 0.621 $ (0.368)
Diluted      
Diluted earnings per share $ 0.84 $ 0.619 $ (0.368)
[1] This measure is the formal profit before tax measure under IFRS. It is not the result attributable to shareholders principally because total corporate tax of the Group includes those taxes on the income of consolidated with-profits and unit-linked funds that, through adjustments to benefits, are borne by policyholders. These amounts are required to be included in the tax charge under IAS 12. Consequently, the profit before tax measure is not representative of pre-tax profit attributable to shareholders.