v3.25.2
Report of the directors financial review risk report - Balance sheet of insurance manufacturing subsidiaries by type of contract (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Dec. 31, 2023
Disclosure of financial assets [line items]        
– derivatives $ 249,672 $ 268,637    
Total assets 3,214,371 3,017,048 $ 2,975,003  
Deferred tax liabilities 1,570 1,317    
Total liabilities 3,014,502 2,824,775    
Total equity 199,869 192,273 $ 190,414 $ 192,610
Total equity and liabilities 3,214,371 3,017,048    
Insurance manufacturing subsidiaries        
Disclosure of financial assets [line items]        
Financial assets 126,250 115,322    
– financial assets designated and otherwise mandatorily measured at fair value through profit or loss 114,314 104,089    
– derivatives 183 215    
– financial investments – at amortised cost 5,908 6,030    
– financial assets at fair value through other comprehensive income 71 79    
– other financial assets 5,774 4,909    
Insurance contract assets 174 118    
Reinsurance contract assets 6,334 5,013    
Other assets and investment properties 32,234 28,084    
Total assets 164,992 148,537    
Liabilities under investment contracts designated at fair value 6,332 5,931    
Insurance contract liabilities 117,449 107,032    
Reinsurance contract liabilities 691 701    
Deferred tax liabilities 12 12    
Other liabilities 32,789 27,846    
Total liabilities 157,273 141,522    
Total equity 7,719 7,015    
Total equity and liabilities 164,992 148,537    
Insurance manufacturing subsidiaries | French life insurance business        
Disclosure of financial assets [line items]        
Other assets and investment properties 27,860 24,222    
Other liabilities 26,858 23,420    
Assets and liabilities related to insurance contracts | Insurance manufacturing subsidiaries | Life direct participating and investment DPF contracts        
Disclosure of financial assets [line items]        
Financial assets 107,933 98,676    
– financial assets designated and otherwise mandatorily measured at fair value through profit or loss 103,127 94,327    
– derivatives 169 207    
– financial investments – at amortised cost 537 545    
– financial assets at fair value through other comprehensive income 0 0    
– other financial assets 4,100 3,597    
Insurance contract assets 15 14    
Reinsurance contract assets 0 0    
Other assets and investment properties 27,985 24,647    
Total assets 135,933 123,337    
Liabilities under investment contracts designated at fair value 0 0    
Insurance contract liabilities 112,618 102,605    
Reinsurance contract liabilities 0 0    
Deferred tax liabilities 0 0    
Other liabilities 24,883 21,772    
Total liabilities 137,501 124,377    
Total equity 0 0    
Total equity and liabilities 137,501 124,377    
Assets and liabilities related to insurance contracts | Insurance manufacturing subsidiaries | Life other        
Disclosure of financial assets [line items]        
Financial assets 5,069 4,452    
– financial assets designated and otherwise mandatorily measured at fair value through profit or loss 4,757 4,233    
– derivatives 11 7    
– financial investments – at amortised cost 80 90    
– financial assets at fair value through other comprehensive income 0 0    
– other financial assets 221 122    
Insurance contract assets 159 104    
Reinsurance contract assets 6,334 5,013    
Other assets and investment properties 63 64    
Total assets 11,625 9,633    
Liabilities under investment contracts designated at fair value 0 0    
Insurance contract liabilities 4,831 4,427    
Reinsurance contract liabilities 691 701    
Deferred tax liabilities 0 0    
Other liabilities 44 39    
Total liabilities 5,566 5,167    
Total equity 0 0    
Total equity and liabilities 5,566 5,167    
Assets and liabilities related to insurance contracts | Insurance manufacturing subsidiaries | Other contracts        
Disclosure of financial assets [line items]        
Financial assets 6,652 6,227    
– financial assets designated and otherwise mandatorily measured at fair value through profit or loss 5,330 4,839    
– derivatives 2 1    
– financial investments – at amortised cost 1,012 1,060    
– financial assets at fair value through other comprehensive income 4 6    
– other financial assets 304 321    
Insurance contract assets 0 0    
Reinsurance contract assets 0 0    
Other assets and investment properties 38 36    
Total assets 6,690 6,263    
Liabilities under investment contracts designated at fair value 6,332 5,931    
Insurance contract liabilities 0 0    
Reinsurance contract liabilities 0 0    
Deferred tax liabilities 0 0    
Other liabilities 0 0    
Total liabilities 6,332 5,931    
Total equity 0 0    
Total equity and liabilities 6,332 5,931    
Shareholder assets and liabilities | Insurance manufacturing subsidiaries        
Disclosure of financial assets [line items]        
Financial assets 6,596 5,967    
– financial assets designated and otherwise mandatorily measured at fair value through profit or loss 1,100 690    
– derivatives 1 0    
– financial investments – at amortised cost 4,279 4,335    
– financial assets at fair value through other comprehensive income 67 73    
– other financial assets 1,149 869    
Insurance contract assets 0 0    
Reinsurance contract assets 0 0    
Other assets and investment properties 4,148 3,337    
Total assets 10,744 9,304    
Liabilities under investment contracts designated at fair value 0 0    
Insurance contract liabilities 0 0    
Reinsurance contract liabilities 0 0    
Deferred tax liabilities 12 12    
Other liabilities 7,862 6,035    
Total liabilities 7,874 6,047    
Total equity 7,719 7,015    
Total equity and liabilities $ 15,593 $ 13,062