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Group assets and liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Group assets and liabilities        
Sovereign debt $ 33,053 $ 44,258    
Other government bonds 3,726 3,897    
Corporate bonds 36,809 34,624    
Asset-backed securities 216 285    
Total debt securities [1] 73,804 83,064    
Loans 517 578    
Equity securities and holdings in collective investment schemes [1] 81,002 64,753    
Other financial investments 5,861 7,725    
Total financial investments 161,184 156,120    
Investment properties 3 39    
Cash and cash equivalents 5,772 4,751 $ 5,514 $ 7,170
Total investments 166,959 160,910    
Within one year        
Group assets and liabilities        
Total financial investments 88,779 80,022    
Indonesia        
Group assets and liabilities        
Sovereign debt 1,668 1,529    
Singapore        
Group assets and liabilities        
Sovereign debt 3,935 4,542    
Thailand        
Group assets and liabilities        
Sovereign debt 2,586 1,963    
United States        
Group assets and liabilities        
Sovereign debt 15,355 25,987    
Vietnam        
Group assets and liabilities        
Sovereign debt 3,041 3,346    
Other (predominantly Asia)        
Group assets and liabilities        
Sovereign debt $ 6,468 6,891    
Hong Kong        
Group assets and liabilities        
Share of estate within with-profits fund 10.00%      
AAA        
Group assets and liabilities        
Other government bonds $ 1,848 1,746    
Corporate bonds 1,838 1,604    
Asset-backed securities 166 230    
AA+ to AA-        
Group assets and liabilities        
Other government bonds 163 166    
Corporate bonds 4,904 4,090    
Asset-backed securities 5 8    
A+ to A-        
Group assets and liabilities        
Other government bonds 993 1,023    
Corporate bonds 15,572 13,558    
Asset-backed securities 31 37    
BBB+ to BBB-        
Group assets and liabilities        
Other government bonds 314 384    
Corporate bonds 12,199 12,236    
Asset-backed securities 3 9    
Below BBB- and unrated        
Group assets and liabilities        
Other government bonds 408 578    
Corporate bonds 2,296 3,136    
Asset-backed securities 11 1    
Unrated        
Group assets and liabilities        
Securities excluding sovereign debt 900 1,181    
Mortgage loans        
Group assets and liabilities        
Loans 153 148    
Other loans        
Group assets and liabilities        
Loans 364 430    
Direct equities        
Group assets and liabilities        
Equity securities and holdings in collective investment schemes 33,301 31,096    
Collective investment schemes        
Group assets and liabilities        
Equity securities and holdings in collective investment schemes 47,701 33,657    
Operating segments | Asia and Africa        
Group assets and liabilities        
Sovereign debt 33,053 44,258    
Other government bonds 3,726 3,897    
Corporate bonds 36,807 34,622    
Asset-backed securities 216 285    
Total debt securities 73,802 83,062    
Loans 517 578    
Equity securities and holdings in collective investment schemes 81,002 64,753    
Other financial investments 4,711 5,097    
Total financial investments 160,032 153,490    
Investment properties 3 39    
Cash and cash equivalents 3,327 3,161    
Total investments 163,362 156,690    
Operating segments | Indonesia | Asia and Africa        
Group assets and liabilities        
Sovereign debt 1,668 1,529    
Operating segments | Singapore | Asia and Africa        
Group assets and liabilities        
Sovereign debt 3,935 4,542    
Operating segments | Thailand | Asia and Africa        
Group assets and liabilities        
Sovereign debt 2,586 1,963    
Operating segments | United States | Asia and Africa        
Group assets and liabilities        
Sovereign debt 15,355 25,987    
Operating segments | Vietnam | Asia and Africa        
Group assets and liabilities        
Sovereign debt 3,041 3,346    
Operating segments | Other (predominantly Asia) | Asia and Africa        
Group assets and liabilities        
Sovereign debt 6,468 6,891    
Operating segments | AAA | Asia and Africa        
Group assets and liabilities        
Other government bonds 1,848 1,746    
Corporate bonds 1,838 1,604    
Asset-backed securities 166 230    
Operating segments | AA+ to AA- | Asia and Africa        
Group assets and liabilities        
Other government bonds 163 166    
Corporate bonds 4,904 4,090    
Asset-backed securities 5 8    
Operating segments | A+ to A- | Asia and Africa        
Group assets and liabilities        
Other government bonds 993 1,023    
Corporate bonds 15,571 13,557    
Asset-backed securities 31 37    
Operating segments | BBB+ to BBB- | Asia and Africa        
Group assets and liabilities        
Other government bonds 314 384    
Corporate bonds 12,198 12,235    
Asset-backed securities 3 9    
Operating segments | Below BBB- and unrated | Asia and Africa        
Group assets and liabilities        
Other government bonds 408 578    
Corporate bonds 2,296 3,136    
Asset-backed securities 11 1    
Operating segments | Mortgage loans | Asia and Africa        
Group assets and liabilities        
Loans 153 148    
Operating segments | Other loans | Asia and Africa        
Group assets and liabilities        
Loans 364 430    
Operating segments | Direct equities | Asia and Africa        
Group assets and liabilities        
Equity securities and holdings in collective investment schemes 33,301 31,096    
Operating segments | Collective investment schemes | Asia and Africa        
Group assets and liabilities        
Equity securities and holdings in collective investment schemes 47,701 33,657    
Operating segments | Insurance operations | Funds with policyholder participation | Asia and Africa        
Group assets and liabilities        
Sovereign debt 24,649 34,471    
Other government bonds 2,927 3,115    
Corporate bonds 29,648 26,594    
Asset-backed securities 165 217    
Total debt securities 57,389 64,397    
Loans 415 495    
Equity securities and holdings in collective investment schemes 57,139 43,240    
Other financial investments 2,240 2,893    
Total financial investments 117,183 111,025    
Cash and cash equivalents 1,396 1,054    
Total investments 118,579 112,079    
Operating segments | Insurance operations | Funds with policyholder participation | Indonesia | Asia and Africa        
Group assets and liabilities        
Sovereign debt 453 393    
Operating segments | Insurance operations | Funds with policyholder participation | Singapore | Asia and Africa        
Group assets and liabilities        
Sovereign debt 2,265 3,006    
Operating segments | Insurance operations | Funds with policyholder participation | Thailand | Asia and Africa        
Group assets and liabilities        
Sovereign debt 3 2    
Operating segments | Insurance operations | Funds with policyholder participation | United States | Asia and Africa        
Group assets and liabilities        
Sovereign debt 14,851 23,552    
Operating segments | Insurance operations | Funds with policyholder participation | Vietnam | Asia and Africa        
Group assets and liabilities        
Sovereign debt 2,885 3,143    
Operating segments | Insurance operations | Funds with policyholder participation | Other (predominantly Asia) | Asia and Africa        
Group assets and liabilities        
Sovereign debt 4,192 4,375    
Operating segments | Insurance operations | Funds with policyholder participation | AAA | Asia and Africa        
Group assets and liabilities        
Other government bonds 1,617 1,533    
Corporate bonds 1,400 1,214    
Asset-backed securities 129 174    
Operating segments | Insurance operations | Funds with policyholder participation | AA+ to AA- | Asia and Africa        
Group assets and liabilities        
Other government bonds 124 120    
Corporate bonds 3,567 2,716    
Asset-backed securities 4 6    
Operating segments | Insurance operations | Funds with policyholder participation | A+ to A- | Asia and Africa        
Group assets and liabilities        
Other government bonds 643 689    
Corporate bonds 13,451 10,918    
Asset-backed securities 28 30    
Operating segments | Insurance operations | Funds with policyholder participation | BBB+ to BBB- | Asia and Africa        
Group assets and liabilities        
Other government bonds 189 271    
Corporate bonds 9,753 9,466    
Asset-backed securities 2 7    
Operating segments | Insurance operations | Funds with policyholder participation | Below BBB- and unrated | Asia and Africa        
Group assets and liabilities        
Other government bonds 354 502    
Corporate bonds 1,477 2,280    
Asset-backed securities 2      
Operating segments | Insurance operations | Funds with policyholder participation | Mortgage loans | Asia and Africa        
Group assets and liabilities        
Loans 51 65    
Operating segments | Insurance operations | Funds with policyholder participation | Other loans | Asia and Africa        
Group assets and liabilities        
Loans 364 430    
Operating segments | Insurance operations | Funds with policyholder participation | Direct equities | Asia and Africa        
Group assets and liabilities        
Equity securities and holdings in collective investment schemes 19,487 18,711    
Operating segments | Insurance operations | Funds with policyholder participation | Collective investment schemes | Asia and Africa        
Group assets and liabilities        
Equity securities and holdings in collective investment schemes 37,652 24,529    
Operating segments | Insurance operations | Unit-linked | Asia and Africa        
Group assets and liabilities        
Sovereign debt 2,087 2,005    
Other government bonds 268 274    
Corporate bonds 2,273 2,261    
Asset-backed securities 4 3    
Total debt securities 4,632 4,543    
Equity securities and holdings in collective investment schemes 21,803 19,621    
Other financial investments 260 396    
Total financial investments 26,695 24,560    
Cash and cash equivalents 564 647    
Total investments 27,259 25,207    
Operating segments | Insurance operations | Unit-linked | Indonesia | Asia and Africa        
Group assets and liabilities        
Sovereign debt 573 611    
Operating segments | Insurance operations | Unit-linked | Singapore | Asia and Africa        
Group assets and liabilities        
Sovereign debt 738 607    
Operating segments | Insurance operations | Unit-linked | Thailand | Asia and Africa        
Group assets and liabilities        
Sovereign debt 3 4    
Operating segments | Insurance operations | Unit-linked | United States | Asia and Africa        
Group assets and liabilities        
Sovereign debt 71 84    
Operating segments | Insurance operations | Unit-linked | Vietnam | Asia and Africa        
Group assets and liabilities        
Sovereign debt 17 30    
Operating segments | Insurance operations | Unit-linked | Other (predominantly Asia) | Asia and Africa        
Group assets and liabilities        
Sovereign debt 685 669    
Operating segments | Insurance operations | Unit-linked | AAA | Asia and Africa        
Group assets and liabilities        
Other government bonds 119 94    
Corporate bonds 158 147    
Asset-backed securities 3 2    
Operating segments | Insurance operations | Unit-linked | AA+ to AA- | Asia and Africa        
Group assets and liabilities        
Other government bonds 16 17    
Corporate bonds 486 440    
Operating segments | Insurance operations | Unit-linked | A+ to A- | Asia and Africa        
Group assets and liabilities        
Other government bonds 82 95    
Corporate bonds 491 460    
Operating segments | Insurance operations | Unit-linked | BBB+ to BBB- | Asia and Africa        
Group assets and liabilities        
Other government bonds 45 57    
Corporate bonds 661 714    
Operating segments | Insurance operations | Unit-linked | Below BBB- and unrated | Asia and Africa        
Group assets and liabilities        
Other government bonds 6 11    
Corporate bonds 477 500    
Asset-backed securities 1 1    
Operating segments | Insurance operations | Unit-linked | Direct equities | Asia and Africa        
Group assets and liabilities        
Equity securities and holdings in collective investment schemes 13,465 12,075    
Operating segments | Insurance operations | Unit-linked | Collective investment schemes | Asia and Africa        
Group assets and liabilities        
Equity securities and holdings in collective investment schemes 8,338 7,546    
Operating segments | Insurance operations | Other business | Asia and Africa        
Group assets and liabilities        
Sovereign debt 6,315 7,754    
Other government bonds 531 506    
Corporate bonds 4,886 5,767    
Asset-backed securities 47 65    
Total debt securities 11,779 14,092    
Loans 102 83    
Equity securities and holdings in collective investment schemes 1,952 1,762    
Other financial investments 2,118 1,707    
Total financial investments 15,951 17,644    
Investment properties 3 39    
Cash and cash equivalents 1,225 1,287    
Total investments 17,179 18,970    
Operating segments | Insurance operations | Other business | Indonesia | Asia and Africa        
Group assets and liabilities        
Sovereign debt 642 525    
Operating segments | Insurance operations | Other business | Singapore | Asia and Africa        
Group assets and liabilities        
Sovereign debt 932 929    
Operating segments | Insurance operations | Other business | Thailand | Asia and Africa        
Group assets and liabilities        
Sovereign debt 2,580 1,957    
Operating segments | Insurance operations | Other business | United States | Asia and Africa        
Group assets and liabilities        
Sovereign debt 433 2,351    
Operating segments | Insurance operations | Other business | Vietnam | Asia and Africa        
Group assets and liabilities        
Sovereign debt 139 173    
Operating segments | Insurance operations | Other business | Other (predominantly Asia) | Asia and Africa        
Group assets and liabilities        
Sovereign debt 1,589 1,819    
Operating segments | Insurance operations | Other business | AAA | Asia and Africa        
Group assets and liabilities        
Other government bonds 112 119    
Corporate bonds 280 243    
Asset-backed securities 34 54    
Operating segments | Insurance operations | Other business | AA+ to AA- | Asia and Africa        
Group assets and liabilities        
Other government bonds 23 29    
Corporate bonds 851 934    
Asset-backed securities 1 2    
Operating segments | Insurance operations | Other business | A+ to A- | Asia and Africa        
Group assets and liabilities        
Other government bonds 268 239    
Corporate bonds 1,629 2,179    
Asset-backed securities 3 7    
Operating segments | Insurance operations | Other business | BBB+ to BBB- | Asia and Africa        
Group assets and liabilities        
Other government bonds 80 56    
Corporate bonds 1,784 2,055    
Asset-backed securities 1 2    
Operating segments | Insurance operations | Other business | Below BBB- and unrated | Asia and Africa        
Group assets and liabilities        
Other government bonds 48 63    
Corporate bonds 342 356    
Asset-backed securities 8      
Operating segments | Insurance operations | Other business | Mortgage loans | Asia and Africa        
Group assets and liabilities        
Loans 102 83    
Operating segments | Insurance operations | Other business | Direct equities | Asia and Africa        
Group assets and liabilities        
Equity securities and holdings in collective investment schemes 254 182    
Operating segments | Insurance operations | Other business | Collective investment schemes | Asia and Africa        
Group assets and liabilities        
Equity securities and holdings in collective investment schemes 1,698 1,580    
Operating segments | Eastspring | Asia and Africa        
Group assets and liabilities        
Sovereign debt 2 28    
Other government bonds   2    
Total debt securities 2 30    
Equity securities and holdings in collective investment schemes 108 130    
Other financial investments 93 101    
Total financial investments 203 261    
Cash and cash equivalents 142 173    
Total investments 345 434    
Operating segments | Eastspring | Other (predominantly Asia) | Asia and Africa        
Group assets and liabilities        
Sovereign debt 2 28    
Operating segments | Eastspring | Below BBB- and unrated | Asia and Africa        
Group assets and liabilities        
Other government bonds   2    
Operating segments | Eastspring | Direct equities | Asia and Africa        
Group assets and liabilities        
Equity securities and holdings in collective investment schemes 95 128    
Operating segments | Eastspring | Collective investment schemes | Asia and Africa        
Group assets and liabilities        
Equity securities and holdings in collective investment schemes 13 2    
Unallocated to a segment        
Group assets and liabilities        
Corporate bonds 2 2    
Total debt securities 2 2    
Other financial investments 1,150 2,628    
Total financial investments 1,152 2,630    
Cash and cash equivalents 2,445 1,590    
Total investments 3,597 4,220    
Unallocated to a segment | A+ to A-        
Group assets and liabilities        
Corporate bonds 1 1    
Unallocated to a segment | BBB+ to BBB-        
Group assets and liabilities        
Corporate bonds $ 1 $ 1    
[1] Included within equity securities and holdings in collective investment schemes and debt securities as at 31 December 2024 are $1,565 million of lent securities and assets subject to repurchase agreements (31 December 2023: $2,001 million).