Statement of comprehensive income

For the years ended 31 December

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USD millions

2014

2015

Net income before attribution of non-controlling interests

3 569

4 668

Other comprehensive income, net of tax:

 

 

Change in unrealised investment gains/losses

3 796

–2 670

Change in other-than-temporary impairment

3

–8

Change in foreign currency translation

–778

–1 012

Change in adjustment for pension benefits

–291

–191

Total comprehensive income before attribution of non-controlling interests

6 299

787

 

 

 

Interest on contingent capital instruments

–69

–68

Comprehensive income attributable to non-controlling interests

 

–3

Total comprehensive income attributable to common shareholders

6 230

716

Reclassification out of accumulated other comprehensive income

For the years ended 31 December

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2014
USD millions

Unrealised investment gains/losses1

Other-than-temporary impairment1

Foreign currency translation1,2

Adjustment from pension benefits3

Accumulated other compre­hensive income

Balance as of 1 January

1 622

–6

–3 897

–534

–2 815

Change during the period

6 479

4

–523

–422

5 538

Amounts reclassified out of accumulated other comprehensive income

–1 398

 

–41

36

–1 403

Tax

–1 285

–1

–214

95

–1 405

Balance as of period end

5 418

–3

–4 675

–825

–85
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2015
USD millions

Unrealised investment gains/losses1

Other-than-temporary impairment1

Foreign currency translation1,2

Adjustment from pension benefits3

Accumulated other compre­hensive income

1

Reclassification adjustment included in net income is presented in the “Net realised investment gains/losses – non-participating business” line.

2

Reclassification adjustment is limited to translation gains and losses realised upon sale or upon complete or substantially complete liquidation of an investment in a foreign entity.

3

Reclassification adjustment included in net income is presented in the “Other expenses” line.

Balance as of 1 January

5 418

–3

–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

–5 687

–1 016

–3 966

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