Statement of comprehensive income

For the years ended 31 December

USD millions	2015	2016
Net income before attribution of non-controlling interests	4 668	3 623
Other comprehensive income, net of tax:
Change in unrealised investment gains/losses	–2 670	1 711
Change in other-than-temporary impairment	–8	6
Change in cash flow hedges		–7
Change in foreign currency translation	–1 012	–387
Change in adjustment for pension benefits	–191	–119
Total comprehensive income before attribution of non-controlling interests	787	4 827

Interest on contingent capital instruments	–68	–68
Comprehensive income attributable to non-controlling interests	–3	3
Total comprehensive income attributable to common shareholders	716	4 762

Reclassification out of accumulated other comprehensive income

For the years ended 31 December

2015 USD millions	Unrealised investment gains/losses¹	Other-than-temporary impairment¹	Cash flow hedges¹	Foreign currency translation	Adjustment from pension benefits²	Accumulated other comprehensive income
Balance as of 1 January	5 418	–3	0	–4 675	–825	–85
Change during the period	–2 166	–10		–870	–310	–3 356
Amounts reclassified out of accumulated other comprehensive income	–1 523				74	–1 449
Tax	1 019	2		–142	45	924
Balance as of period end	2 748	–11	0	–5 687	–1 016	–3 966

2016
USD millions

Unrealised investment gains/losses¹

Other-than-temporary impairment¹

Cash flow hedges¹

Foreign currency translation

Adjustment from pension benefits²

Accumulated other comprehensive income

¹	Reclassification adjustment included in net income is presented in “Net realised investment gains/losses – non-participating business”.
²	Reclassification adjustment included in net income is presented in “Operating expenses”.

Balance as of 1 January

2 748

–11

–5 687

–1 016

–3 966

Change during the period

2 856

–267

–201

2 426

Amounts reclassified out of accumulated other comprehensive income

–704

–39

–680

Tax

–441

–2

–120

–542

Balance as of period end

4 459

–5

–7

–6 074

–1 135

–2 762

The accompanying notes are an integral part of the Group financial statements.