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Group assets and liabilities by business types (Details) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2020
Analysis of operating segments        
Sovereign debt $ 40,394 $ 50,811    
Other government bonds 3,923 3,875    
Corporate bonds 34,494 44,157    
Asset-backed securities 308 251    
Total debt securities [1] 79,119 99,094    
Loans 2,429 2,562    
Equity securities and holdings in collective investment schemes [1] 57,497 61,601    
Other financial investments 4,944 5,222    
Total financial investments 143,989 168,479    
Assets        
Investment properties 35 38    
Investments in joint ventures and associates accounted for using the equity method 2,010 2,183    
Cash and cash equivalents 6,415 7,170 $ 6,295  
Reinsurers' share of insurance contract liabilities 2,750 9,753    
Other assets 11,689 11,479    
Total assets 166,888 199,102    
Shareholders' equity 16,109 17,088    
Non-controlling interests 163 176    
Total equity 16,272 17,264 16,223 $ 22,119
Liabilities        
Contract liabilities and unallocated surplus of with-profits funds 128,097 157,299    
Core structural borrowings 4,266 6,127    
Operational borrowings 854 861    
Other liabilities 17,399 17,551    
Total liabilities 150,616 181,838    
Total equity and liabilities 166,888 199,102    
Indonesia        
Analysis of operating segments        
Sovereign debt 1,564 1,632    
Singapore        
Analysis of operating segments        
Sovereign debt 4,522 5,428    
Thailand        
Analysis of operating segments        
Sovereign debt 1,222 1,580    
UK        
Analysis of operating segments        
Sovereign debt 5 233    
US        
Analysis of operating segments        
Sovereign debt 24,245 32,124    
Vietnam        
Analysis of operating segments        
Sovereign debt 2,826 3,042    
Other (predominantly Asia)        
Analysis of operating segments        
Sovereign debt 6,010 6,772    
AAA        
Analysis of operating segments        
Other government bonds 1,569 1,804    
Corporate bonds 1,618 1,869    
Asset-backed securities 235 168    
AA+ to AA-        
Analysis of operating segments        
Other government bonds 141 59    
Corporate bonds 3,847 4,420    
Asset-backed securities 11 11    
A+ to A-        
Analysis of operating segments        
Other government bonds 1,139 1,090    
Corporate bonds 11,678 15,015    
Asset-backed securities 36 43    
BBB+ to BBB-        
Analysis of operating segments        
Other government bonds 396 253    
Corporate bonds 13,025 16,339    
Asset-backed securities 22 24    
Below BBB- and unrated        
Analysis of operating segments        
Other government bonds 678 669    
Corporate bonds 4,326 6,514    
Asset-backed securities 4 5    
Unrated        
Analysis of operating segments        
Securities excluding sovereign debt 1,056 1,130 $ 986  
Mortgage loans        
Analysis of operating segments        
Loans 141 150    
Policy loans        
Analysis of operating segments        
Loans 1,770 1,733    
Other loans        
Analysis of operating segments        
Loans 518 679    
Direct equities        
Analysis of operating segments        
Equity securities and holdings in collective investment schemes 25,122 26,155    
Collective investment schemes        
Analysis of operating segments        
Equity securities and holdings in collective investment schemes 32,375 35,446    
Insurance operations        
Assets        
Shareholders' equity 13,308 14,289    
Operating segments | Asia and Africa        
Analysis of operating segments        
Sovereign debt 40,394 50,585    
Other government bonds 3,923 3,875    
Corporate bonds 34,494 44,157    
Asset-backed securities 308 251    
Total debt securities 79,119 98,868    
Loans 2,429 2,562    
Equity securities and holdings in collective investment schemes 57,170 60,916    
Other financial investments 4,064 4,134    
Total financial investments 142,782 166,480    
Assets        
Investment properties 35 38    
Investments in joint ventures and associates accounted for using the equity method 2,010 2,183    
Cash and cash equivalents 3,679 3,441    
Reinsurers' share of insurance contract liabilities 2,750 9,753    
Other assets 11,680 11,249    
Total assets 162,936 193,144    
Shareholders' equity 14,351 15,409    
Non-controlling interests 163 176    
Total equity 14,514 15,585    
Liabilities        
Contract liabilities and unallocated surplus of with-profits funds 128,097 157,299    
Operational borrowings 232 266    
Other liabilities 20,093 19,994    
Total liabilities 148,422 177,559    
Total equity and liabilities 162,936 193,144    
Operating segments | Indonesia | Asia and Africa        
Analysis of operating segments        
Sovereign debt 1,564 1,632    
Operating segments | Singapore | Asia and Africa        
Analysis of operating segments        
Sovereign debt 4,522 5,428    
Operating segments | Thailand | Asia and Africa        
Analysis of operating segments        
Sovereign debt 1,222 1,580    
Operating segments | UK | Asia and Africa        
Analysis of operating segments        
Sovereign debt 5 7    
Operating segments | US | Asia and Africa        
Analysis of operating segments        
Sovereign debt 24,245 32,124    
Operating segments | Vietnam | Asia and Africa        
Analysis of operating segments        
Sovereign debt 2,826 3,042    
Operating segments | Other (predominantly Asia) | Asia and Africa        
Analysis of operating segments        
Sovereign debt 6,010 6,772    
Operating segments | AAA | Asia and Africa        
Analysis of operating segments        
Other government bonds 1,569 1,804    
Corporate bonds 1,618 1,869    
Asset-backed securities 235 168    
Operating segments | AA+ to AA- | Asia and Africa        
Analysis of operating segments        
Other government bonds 141 59    
Corporate bonds 3,847 4,420    
Asset-backed securities 11 11    
Operating segments | A+ to A- | Asia and Africa        
Analysis of operating segments        
Other government bonds 1,139 1,090    
Corporate bonds 11,678 15,015    
Asset-backed securities 36 43    
Operating segments | BBB+ to BBB- | Asia and Africa        
Analysis of operating segments        
Other government bonds 396 253    
Corporate bonds 13,025 16,339    
Asset-backed securities 22 24    
Operating segments | Below BBB- and unrated | Asia and Africa        
Analysis of operating segments        
Other government bonds 678 669    
Corporate bonds 4,326 6,514    
Asset-backed securities 4 5    
Operating segments | Mortgage loans | Asia and Africa        
Analysis of operating segments        
Loans 141 150    
Operating segments | Policy loans | Asia and Africa        
Analysis of operating segments        
Loans 1,770 1,733    
Operating segments | Other loans | Asia and Africa        
Analysis of operating segments        
Loans 518 679    
Operating segments | Direct equities | Asia and Africa        
Analysis of operating segments        
Equity securities and holdings in collective investment schemes 24,797 25,472    
Operating segments | Collective investment schemes | Asia and Africa        
Analysis of operating segments        
Equity securities and holdings in collective investment schemes 32,373 35,444    
Operations within segments | Insurance operations | With-profits business | Asia and Africa        
Analysis of operating segments        
Sovereign debt 26,573 34,680    
Other government bonds 2,741 2,509    
Corporate bonds 20,129 26,003    
Asset-backed securities 179 137    
Total debt securities 49,622 63,329    
Loans 1,901 2,033    
Equity securities and holdings in collective investment schemes 33,146 34,240    
Other financial investments 1,164 1,561    
Total financial investments 85,833 101,163    
Assets        
Cash and cash equivalents 785 905    
Reinsurers' share of insurance contract liabilities 2 225    
Other assets 1,557 1,184    
Total assets 88,177 103,477    
Liabilities        
Contract liabilities and unallocated surplus of with-profits funds 78,981 94,002    
Operational borrowings 128 142    
Other liabilities 9,068 9,333    
Total liabilities 88,177 103,477    
Total equity and liabilities 88,177 103,477    
Operations within segments | Insurance operations | With-profits business | Indonesia | Asia and Africa        
Analysis of operating segments        
Sovereign debt 496 414    
Operations within segments | Insurance operations | With-profits business | Singapore | Asia and Africa        
Analysis of operating segments        
Sovereign debt 3,176 3,684    
Operations within segments | Insurance operations | With-profits business | US | Asia and Africa        
Analysis of operating segments        
Sovereign debt 20,961 28,552    
Operations within segments | Insurance operations | With-profits business | Other (predominantly Asia) | Asia and Africa        
Analysis of operating segments        
Sovereign debt 1,940 2,030    
Operations within segments | Insurance operations | With-profits business | AAA | Asia and Africa        
Analysis of operating segments        
Other government bonds 1,361 1,472    
Corporate bonds 1,055 1,222    
Asset-backed securities 135 88    
Operations within segments | Insurance operations | With-profits business | AA+ to AA- | Asia and Africa        
Analysis of operating segments        
Other government bonds 101 45    
Corporate bonds 1,890 2,203    
Asset-backed securities 6 6    
Operations within segments | Insurance operations | With-profits business | A+ to A- | Asia and Africa        
Analysis of operating segments        
Other government bonds 757 667    
Corporate bonds 7,020 9,046    
Asset-backed securities 22 26    
Operations within segments | Insurance operations | With-profits business | BBB+ to BBB- | Asia and Africa        
Analysis of operating segments        
Other government bonds 288 121    
Corporate bonds 7,657 9,523    
Asset-backed securities 14 15    
Operations within segments | Insurance operations | With-profits business | Below BBB- and unrated | Asia and Africa        
Analysis of operating segments        
Other government bonds 234 204    
Corporate bonds 2,507 4,009    
Asset-backed securities 2 2    
Operations within segments | Insurance operations | With-profits business | Policy loans | Asia and Africa        
Analysis of operating segments        
Loans 1,392 1,365    
Operations within segments | Insurance operations | With-profits business | Other loans | Asia and Africa        
Analysis of operating segments        
Loans 509 668    
Operations within segments | Insurance operations | With-profits business | Direct equities | Asia and Africa        
Analysis of operating segments        
Equity securities and holdings in collective investment schemes 11,344 10,290    
Operations within segments | Insurance operations | With-profits business | Collective investment schemes | Asia and Africa        
Analysis of operating segments        
Equity securities and holdings in collective investment schemes 21,802 23,950    
Operations within segments | Insurance operations | Unit-linked | Asia and Africa        
Analysis of operating segments        
Sovereign debt 1,888 1,942    
Other government bonds 279 238    
Corporate bonds 2,906 3,659    
Asset-backed securities 7 9    
Total debt securities 5,080 5,848    
Equity securities and holdings in collective investment schemes 18,206 20,516    
Other financial investments 377 149    
Total financial investments 23,663 26,513    
Assets        
Cash and cash equivalents 768 911    
Other assets 172 166    
Total assets 24,603 27,590    
Liabilities        
Contract liabilities and unallocated surplus of with-profits funds 23,037 25,651    
Operational borrowings 3      
Other liabilities 1,563 1,939    
Total liabilities 24,603 27,590    
Total equity and liabilities 24,603 27,590    
Operations within segments | Insurance operations | Unit-linked | Indonesia | Asia and Africa        
Analysis of operating segments        
Sovereign debt 614 598    
Operations within segments | Insurance operations | Unit-linked | Singapore | Asia and Africa        
Analysis of operating segments        
Sovereign debt 525 550    
Operations within segments | Insurance operations | Unit-linked | UK | Asia and Africa        
Analysis of operating segments        
Sovereign debt 5 7    
Operations within segments | Insurance operations | Unit-linked | US | Asia and Africa        
Analysis of operating segments        
Sovereign debt 22 47    
Operations within segments | Insurance operations | Unit-linked | Vietnam | Asia and Africa        
Analysis of operating segments        
Sovereign debt 13 20    
Operations within segments | Insurance operations | Unit-linked | Other (predominantly Asia) | Asia and Africa        
Analysis of operating segments        
Sovereign debt 709 720    
Operations within segments | Insurance operations | Unit-linked | AAA | Asia and Africa        
Analysis of operating segments        
Other government bonds 77 86    
Corporate bonds 171 236    
Asset-backed securities 5 6    
Operations within segments | Insurance operations | Unit-linked | AA+ to AA- | Asia and Africa        
Analysis of operating segments        
Other government bonds 13 2    
Corporate bonds 363 359    
Asset-backed securities 1 1    
Operations within segments | Insurance operations | Unit-linked | A+ to A- | Asia and Africa        
Analysis of operating segments        
Other government bonds 125 119    
Corporate bonds 529 675    
Operations within segments | Insurance operations | Unit-linked | BBB+ to BBB- | Asia and Africa        
Analysis of operating segments        
Other government bonds 44 16    
Corporate bonds 1,419 1,711    
Operations within segments | Insurance operations | Unit-linked | Below BBB- and unrated | Asia and Africa        
Analysis of operating segments        
Other government bonds 20 15    
Corporate bonds 424 678    
Asset-backed securities 1 2    
Operations within segments | Insurance operations | Unit-linked | Direct equities | Asia and Africa        
Analysis of operating segments        
Equity securities and holdings in collective investment schemes 11,305 12,812    
Operations within segments | Insurance operations | Unit-linked | Collective investment schemes | Asia and Africa        
Analysis of operating segments        
Equity securities and holdings in collective investment schemes 6,901 7,704    
Operations within segments | Insurance operations | Other business | Asia and Africa        
Analysis of operating segments        
Sovereign debt 11,843 13,802    
Other government bonds 903 1,128    
Corporate bonds 11,458 14,495    
Asset-backed securities 122 105    
Total debt securities 24,326 29,530    
Loans 528 529    
Equity securities and holdings in collective investment schemes 5,756 6,073    
Other financial investments 2,427 2,318    
Total financial investments 33,037 38,450    
Assets        
Investment properties 35 38    
Investments in joint ventures and associates accounted for using the equity method 1,715 1,878    
Cash and cash equivalents 1,977 1,444    
Reinsurers' share of insurance contract liabilities 2,748 9,528    
Other assets 9,298 9,191    
Total assets 48,810 60,529    
Shareholders' equity 13,308 14,289    
Non-controlling interests 42 45    
Total equity 13,350 14,334    
Liabilities        
Contract liabilities and unallocated surplus of with-profits funds 26,079 37,646    
Operational borrowings 89 106    
Other liabilities 9,292 8,443    
Total liabilities 35,460 46,195    
Total equity and liabilities 48,810 60,529    
Operations within segments | Insurance operations | Other business | Indonesia | Asia and Africa        
Analysis of operating segments        
Sovereign debt 445 609    
Operations within segments | Insurance operations | Other business | Singapore | Asia and Africa        
Analysis of operating segments        
Sovereign debt 767 1,068    
Operations within segments | Insurance operations | Other business | Thailand | Asia and Africa        
Analysis of operating segments        
Sovereign debt 1,222 1,577    
Operations within segments | Insurance operations | Other business | US | Asia and Africa        
Analysis of operating segments        
Sovereign debt 3,262 3,525    
Operations within segments | Insurance operations | Other business | Vietnam | Asia and Africa        
Analysis of operating segments        
Sovereign debt 2,813 3,022    
Operations within segments | Insurance operations | Other business | Other (predominantly Asia) | Asia and Africa        
Analysis of operating segments        
Sovereign debt 3,334 4,001    
Operations within segments | Insurance operations | Other business | AAA | Asia and Africa        
Analysis of operating segments        
Other government bonds 131 246    
Corporate bonds 392 411    
Asset-backed securities 95 74    
Operations within segments | Insurance operations | Other business | AA+ to AA- | Asia and Africa        
Analysis of operating segments        
Other government bonds 27 12    
Corporate bonds 1,594 1,858    
Asset-backed securities 4 4    
Operations within segments | Insurance operations | Other business | A+ to A- | Asia and Africa        
Analysis of operating segments        
Other government bonds 257 304    
Corporate bonds 4,129 5,294    
Asset-backed securities 14 17    
Operations within segments | Insurance operations | Other business | BBB+ to BBB- | Asia and Africa        
Analysis of operating segments        
Other government bonds 64 116    
Corporate bonds 3,948 5,105    
Asset-backed securities 8 9    
Operations within segments | Insurance operations | Other business | Below BBB- and unrated | Asia and Africa        
Analysis of operating segments        
Other government bonds 424 450    
Corporate bonds 1,395 1,827    
Asset-backed securities 1 1    
Operations within segments | Insurance operations | Other business | Mortgage loans | Asia and Africa        
Analysis of operating segments        
Loans 141 150    
Operations within segments | Insurance operations | Other business | Policy loans | Asia and Africa        
Analysis of operating segments        
Loans 378 368    
Operations within segments | Insurance operations | Other business | Other loans | Asia and Africa        
Analysis of operating segments        
Loans 9 11    
Operations within segments | Insurance operations | Other business | Direct equities | Asia and Africa        
Analysis of operating segments        
Equity securities and holdings in collective investment schemes 2,088 2,286    
Operations within segments | Insurance operations | Other business | Collective investment schemes | Asia and Africa        
Analysis of operating segments        
Equity securities and holdings in collective investment schemes 3,668 3,787    
Operations within segments | Eastspring | Asia and Africa        
Analysis of operating segments        
Sovereign debt 90 161    
Corporate bonds 1      
Total debt securities 91 161    
Equity securities and holdings in collective investment schemes 62 87    
Other financial investments 96 106    
Total financial investments 249 354    
Assets        
Investments in joint ventures and associates accounted for using the equity method 295 305    
Cash and cash equivalents 149 181    
Other assets 709 759    
Total assets 1,402 1,599    
Shareholders' equity 1,043 1,120    
Non-controlling interests 121 131    
Total equity 1,164 1,251    
Liabilities        
Operational borrowings 12 18    
Other liabilities 226 330    
Total liabilities 238 348    
Total equity and liabilities 1,402 1,599    
Operations within segments | Eastspring | Indonesia | Asia and Africa        
Analysis of operating segments        
Sovereign debt 9 11    
Operations within segments | Eastspring | Singapore | Asia and Africa        
Analysis of operating segments        
Sovereign debt 54 126    
Operations within segments | Eastspring | Thailand | Asia and Africa        
Analysis of operating segments        
Sovereign debt   3    
Operations within segments | Eastspring | Other (predominantly Asia) | Asia and Africa        
Analysis of operating segments        
Sovereign debt 27 21    
Operations within segments | Eastspring | BBB+ to BBB- | Asia and Africa        
Analysis of operating segments        
Corporate bonds 1      
Operations within segments | Eastspring | Direct equities | Asia and Africa        
Analysis of operating segments        
Equity securities and holdings in collective investment schemes 60 84    
Operations within segments | Eastspring | Collective investment schemes | Asia and Africa        
Analysis of operating segments        
Equity securities and holdings in collective investment schemes 2 3    
Elimination of intra-segment amounts | Asia and Africa        
Assets        
Other assets (56) (51)    
Total assets (56) (51)    
Liabilities        
Other liabilities (56) (51)    
Total liabilities (56) (51)    
Total equity and liabilities (56) (51)    
Unallocated to a segment (central operations)        
Analysis of operating segments        
Sovereign debt   226    
Total debt securities   226    
Equity securities and holdings in collective investment schemes 327 685    
Other financial investments 880 1,088    
Total financial investments 1,207 1,999    
Assets        
Cash and cash equivalents 2,736 3,729    
Other assets 3,419 3,608    
Total assets 7,362 9,336    
Shareholders' equity 1,758 1,679    
Total equity 1,758 1,679    
Liabilities        
Core structural borrowings 4,266 6,127    
Operational borrowings 622 595    
Other liabilities 716 935    
Total liabilities 5,604 7,657    
Total equity and liabilities 7,362 9,336    
Unallocated to a segment (central operations) | UK        
Analysis of operating segments        
Sovereign debt   226    
Unallocated to a segment (central operations) | Direct equities        
Analysis of operating segments        
Equity securities and holdings in collective investment schemes 325 683    
Unallocated to a segment (central operations) | Collective investment schemes        
Analysis of operating segments        
Equity securities and holdings in collective investment schemes 2 2    
Inter-segment elimination        
Assets        
Other assets (3,410) (3,378)    
Total assets (3,410) (3,378)    
Liabilities        
Other liabilities (3,410) (3,378)    
Total liabilities (3,410) (3,378)    
Total equity and liabilities $ (3,410) $ (3,378)    
[1] Included within equity securities and holdings in collective investment schemes and debt securities as at 30 June 2022 are $1,384 million of lent securities and assets subject to repurchase agreements (31 December 2021: $854 million).