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Reconciliation of insurance balances for liability for remaining coverage and liability for incurred claims (Details) - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]    
Insurance contract assets £ 0  
Liabilities arising from insurance and participating investment contracts (110,300)  
Insurance service expenses    
Incurred claims and other directly attributable expenses (2,345) £ (2,226)
Amortisation of insurance acquisition cash flows (118) (78)
Cash flows    
Insurance contract assets 1 0
Liabilities arising from insurance and participating investment contracts (120,148) (110,300)
Life    
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]    
Insurance contract assets 0 24
Liabilities arising from insurance and participating investment contracts (109,920) (124,885)
Net asset (liability) (109,920) (124,861)
Insurance revenue    
Contracts under the modified retrospective approach 0 0
Contracts under the fair value transition approach 1,467 1,266
Other contracts 1,027 636
Insurance revenue 2,494 1,902
Insurance service expenses    
Incurred claims and other directly attributable expenses (1,897) (1,751)
Adjustments to liabilities for incurred claims 0 0
Losses from drawdown contract modifications 0 (1,242)
Losses and reversal of losses on onerous insurance contracts 58 (244)
Amortisation of insurance acquisition cash flows (88) (85)
Increase (decrease) through insurance service expenses, insurance contracts liability (asset) (1,927) (3,322)
Insurance service result 567 (1,420)
Net finance income (expense) from insurance and participating investment contracts (11,684) 15,950
Exchange differences 32 (94)
Total change in profit or loss (11,085) 14,436
Investment components 0 0
Cash flows    
Premiums received (9,768) (8,861)
Claims and other insurance service expenses paid 10,721 9,099
Insurance acquisition cash flows 203 200
Increase (decrease) through cash flows, insurance contracts liability (asset) 1,156 438
Transfer to other items in the balance sheet 66 67
Insurance contract assets 1 0
Liabilities arising from insurance and participating investment contracts (119,784) (109,920)
Net asset (liability) (119,783) (109,920)
Non-life    
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]    
Insurance contract assets 0 0
Liabilities arising from insurance and participating investment contracts (380) (322)
Net asset (liability) (380) (322)
Insurance revenue    
Contracts under the modified retrospective approach 0 0
Contracts under the fair value transition approach 0 0
Other contracts 514 559
Insurance revenue 514 559
Insurance service expenses    
Incurred claims and other directly attributable expenses (448) (475)
Adjustments to liabilities for incurred claims (3) (57)
Losses and reversal of losses on onerous insurance contracts 1 (2)
Amortisation of insurance acquisition cash flows (30) 7
Increase (decrease) through insurance service expenses, insurance contracts liability (asset) (480) (527)
Insurance service result 34 32
Net finance income (expense) from insurance and participating investment contracts (6) (2)
Exchange differences 0 0
Total change in profit or loss 28 30
Investment components 0 0
Cash flows    
Premiums received (525) (584)
Claims and other insurance service expenses paid 475 468
Insurance acquisition cash flows 38 28
Increase (decrease) through cash flows, insurance contracts liability (asset) (12) (88)
Transfer to other items in the balance sheet 0 0
Insurance contract assets 0 0
Liabilities arising from insurance and participating investment contracts (364) (380)
Net asset (liability) (364) (380)
Excluding loss component £m | Life    
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]    
Insurance contract assets 0 184
Liabilities arising from insurance and participating investment contracts (108,846) (124,053)
Net asset (liability) (108,846) (123,869)
Insurance revenue    
Contracts under the modified retrospective approach 0 0
Contracts under the fair value transition approach 1,467 1,266
Other contracts 1,027 636
Insurance revenue 2,494 1,902
Insurance service expenses    
Incurred claims and other directly attributable expenses 0 0
Adjustments to liabilities for incurred claims 0 0
Losses from drawdown contract modifications 0 (1,242)
Losses and reversal of losses on onerous insurance contracts 0 0
Amortisation of insurance acquisition cash flows (88) (85)
Increase (decrease) through insurance service expenses, insurance contracts liability (asset) (88) (1,327)
Insurance service result 2,406 575
Net finance income (expense) from insurance and participating investment contracts (11,576) 15,885
Exchange differences 32 (94)
Total change in profit or loss (9,138) 16,366
Investment components 8,793 7,285
Cash flows    
Premiums received (9,768) (8,861)
Claims and other insurance service expenses paid 0 0
Insurance acquisition cash flows 203 200
Increase (decrease) through cash flows, insurance contracts liability (asset) (9,565) (8,661)
Transfer to other items in the balance sheet 32 33
Insurance contract assets 1 0
Liabilities arising from insurance and participating investment contracts (118,725) (108,846)
Net asset (liability) (118,724) (108,846)
Excluding loss component £m | Non-life    
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]    
Insurance contract assets 0 0
Liabilities arising from insurance and participating investment contracts (22) (32)
Net asset (liability) (22) (32)
Insurance revenue    
Contracts under the modified retrospective approach 0 0
Contracts under the fair value transition approach 0 0
Other contracts 514 559
Insurance revenue 514 559
Insurance service expenses    
Incurred claims and other directly attributable expenses 0 0
Adjustments to liabilities for incurred claims 0 0
Losses and reversal of losses on onerous insurance contracts 0 0
Amortisation of insurance acquisition cash flows (30) 7
Increase (decrease) through insurance service expenses, insurance contracts liability (asset) (30) 7
Insurance service result 484 566
Net finance income (expense) from insurance and participating investment contracts 0 0
Exchange differences 0 0
Total change in profit or loss 484 566
Investment components 0 0
Cash flows    
Premiums received (525) (584)
Claims and other insurance service expenses paid 0 0
Insurance acquisition cash flows 38 28
Increase (decrease) through cash flows, insurance contracts liability (asset) (487) (556)
Transfer to other items in the balance sheet 0 0
Insurance contract assets 0 0
Liabilities arising from insurance and participating investment contracts (25) (22)
Net asset (liability) (25) (22)
Loss component £m | Life    
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]    
Insurance contract assets 0 (160)
Liabilities arising from insurance and participating investment contracts (471) (179)
Net asset (liability) (471) (339)
Insurance revenue    
Contracts under the modified retrospective approach 0 0
Contracts under the fair value transition approach 0 0
Other contracts 0 0
Insurance revenue 0 0
Insurance service expenses    
Incurred claims and other directly attributable expenses 52 44
Adjustments to liabilities for incurred claims 0 0
Losses from drawdown contract modifications 0 0
Losses and reversal of losses on onerous insurance contracts 58 (244)
Amortisation of insurance acquisition cash flows 0 0
Increase (decrease) through insurance service expenses, insurance contracts liability (asset) 110 (200)
Insurance service result 110 (200)
Net finance income (expense) from insurance and participating investment contracts (105) 68
Exchange differences 0 0
Total change in profit or loss 5 (132)
Investment components 0 0
Cash flows    
Premiums received 0 0
Claims and other insurance service expenses paid 0 0
Insurance acquisition cash flows 0 0
Increase (decrease) through cash flows, insurance contracts liability (asset) 0 0
Transfer to other items in the balance sheet 0 0
Insurance contract assets 0 0
Liabilities arising from insurance and participating investment contracts (466) (471)
Net asset (liability) (466) (471)
Loss component £m | Non-life    
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]    
Insurance contract assets 0 0
Liabilities arising from insurance and participating investment contracts (1) (4)
Net asset (liability) (1) (4)
Insurance revenue    
Contracts under the modified retrospective approach 0 0
Contracts under the fair value transition approach 0 0
Other contracts 0 0
Insurance revenue 0 0
Insurance service expenses    
Incurred claims and other directly attributable expenses 0 5
Adjustments to liabilities for incurred claims 0 0
Losses and reversal of losses on onerous insurance contracts 1 (2)
Amortisation of insurance acquisition cash flows 0
Increase (decrease) through insurance service expenses, insurance contracts liability (asset) 1 3
Insurance service result 1 3
Net finance income (expense) from insurance and participating investment contracts 0 0
Exchange differences 0 0
Total change in profit or loss 1 3
Investment components 0 0
Cash flows    
Premiums received 0 0
Claims and other insurance service expenses paid 0 0
Insurance acquisition cash flows 0 0
Increase (decrease) through cash flows, insurance contracts liability (asset) 0 0
Transfer to other items in the balance sheet 0 0
Insurance contract assets 0 0
Liabilities arising from insurance and participating investment contracts 0 (1)
Net asset (liability) 0 (1)
Liability for incurred claims £m | Life    
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]    
Insurance contract assets 0 0
Liabilities arising from insurance and participating investment contracts (603) (653)
Net asset (liability) (603) (653)
Insurance revenue    
Contracts under the modified retrospective approach 0 0
Contracts under the fair value transition approach 0 0
Other contracts 0 0
Insurance revenue 0 0
Insurance service expenses    
Incurred claims and other directly attributable expenses (1,949) (1,795)
Adjustments to liabilities for incurred claims 0 0
Losses from drawdown contract modifications 0 0
Losses and reversal of losses on onerous insurance contracts 0 0
Amortisation of insurance acquisition cash flows 0 0
Increase (decrease) through insurance service expenses, insurance contracts liability (asset) (1,949) (1,795)
Insurance service result (1,949) (1,795)
Net finance income (expense) from insurance and participating investment contracts (3) (3)
Exchange differences 0 0
Total change in profit or loss (1,952) (1,798)
Investment components (8,793) (7,285)
Cash flows    
Premiums received 0 0
Claims and other insurance service expenses paid 10,721 9,099
Insurance acquisition cash flows 0 0
Increase (decrease) through cash flows, insurance contracts liability (asset) 10,721 9,099
Transfer to other items in the balance sheet 34 34
Insurance contract assets 0 0
Liabilities arising from insurance and participating investment contracts (593) (603)
Net asset (liability) (593) (603)
Liability for incurred claims £m | Non-life    
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]    
Insurance contract assets 0 0
Liabilities arising from insurance and participating investment contracts (357) (286)
Net asset (liability) (357) (286)
Insurance revenue    
Contracts under the modified retrospective approach 0 0
Contracts under the fair value transition approach 0 0
Other contracts 0 0
Insurance revenue 0 0
Insurance service expenses    
Incurred claims and other directly attributable expenses (448) (480)
Adjustments to liabilities for incurred claims (3) (57)
Losses and reversal of losses on onerous insurance contracts 0 0
Amortisation of insurance acquisition cash flows 0 0
Increase (decrease) through insurance service expenses, insurance contracts liability (asset) (451) (537)
Insurance service result (451) (537)
Net finance income (expense) from insurance and participating investment contracts (6) (2)
Exchange differences 0 0
Total change in profit or loss (457) (539)
Investment components 0 0
Cash flows    
Premiums received 0 0
Claims and other insurance service expenses paid 475 468
Insurance acquisition cash flows 0 0
Increase (decrease) through cash flows, insurance contracts liability (asset) 475 468
Transfer to other items in the balance sheet 0 0
Insurance contract assets 0 0
Liabilities arising from insurance and participating investment contracts (339) (357)
Net asset (liability) £ (339) £ (357)