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Corporate transactions - Discontinued operations (Details) - USD ($)
shares in Millions, $ in Millions
1 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Dec. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Sep. 13, 2021
Discontinued operations              
Financial assets available-for-sale $ 325 $ 909 $ 909 $ 325   $ 909  
Income statement              
Total revenue, net of reinsurance       (12,995) $ 11,692    
Total charges, net of reinsurance       13,153 (10,370)    
Profit before tax [1]       174 1,501    
Loss for the year [2]         (5,707)    
Attributable to:              
Equity holders of the Company         (5,073)    
Non-controlling interests         (634)    
Total comprehensive income              
Loss for the period [2]         (5,707)    
Other comprehensive loss:              
Total comprehensive (loss) income from discontinued operations         (6,574)    
Attributable to:              
Equity holders of the Company         (5,844)    
Non-controlling interests         (730)    
Total comprehensive (loss) income from discontinued operations         (6,574)    
Cash flows              
Net cash flows from discontinued operations         (460)    
Cash and cash equivalents at beginning of period       7,170 8,018 8,018  
Cash and cash equivalents at end of period $ 6,415 $ 7,170 $ 7,170 6,415 7,456 7,170  
Jackson              
Discontinued operations              
Number of shares repurchased from entity     2.2        
Economic interest 14.30% 18.40%          
Voting interest 14.30% 18.50%          
Gain on reduction of investments       60 0    
Financial assets available-for-sale $ 325 $ 683 $ 683 $ 325   683  
Discontinued US operations              
Discontinued operations              
Proportion of voting interest retained after disposal             19.90%
Proportion of economic interest retained after disposal             19.70%
Income statement              
Total revenue, net of reinsurance         35,379    
Total charges, net of reinsurance         (33,209)    
Profit before tax         2,170    
Tax charge         (370)    
Profit after tax         1,800    
Remeasurement to fair value         (7,507)    
Loss for the year         (5,707)    
Attributable to:              
Equity holders of the Company         (5,073)    
Non-controlling interests         (634)    
Total comprehensive income              
Loss for the period         (5,707)    
Other comprehensive loss:              
Valuation movements on available-for-sale debt securities, net of related tax and change in DAC         (867)    
Other comprehensive (loss) income for the period, net of related tax         (867)    
Total comprehensive (loss) income from discontinued operations         (6,574)    
Attributable to:              
Equity holders of the Company         (5,844)    
Non-controlling interests         (730)    
Total comprehensive (loss) income from discontinued operations         (6,574)    
Cash flows              
Net cash flows from operating activities         (442)    
Net cash flows from financing activities         (18)    
Net cash flows from discontinued operations         (460)    
Cash and cash equivalents at beginning of period         1,621 1,621  
Cash and cash equivalents at end of period         $ 1,161    
Pre-demerger dividend           $ 0  
[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 of the Company under IAS 12. Consequently, the IFRS profit before tax measure is not representative of pre-tax profit attributable to shareholders as it is determined after deducting the cost of policyholder benefits and movements in the liability for unallocated surplus of with-profits funds after adjusting for tax borne by policyholders.
[2] Discontinued operations for half year and full year 2021 related to the US operations (Jackson) that were demerged from the Group in September 2021.