Statement of comprehensive income

For the years ended 31 December

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

2014 USD millions	Unrealised investment gains/losses¹	Other-than-temporary impairment¹	Foreign currency translation^1,2	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

2015
USD millions

Unrealised investment gains/losses¹

Other-than-temporary impairment¹

Foreign currency translation^1,2

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

–1 449

Tax

1 019

–142

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.