Statement of comprehensive income

For the years ended 31 December

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USD millions

2016

2017

Net income before attribution of non-controlling interests

3 623

393

Other comprehensive income, net of tax:

 

 

Change in unrealised investment gains/losses

1 711

287

Change in other-than-temporary impairment

6

3

Change in cash flow hedges

–7

–3

Change in foreign currency translation

–387

526

Change in adjustment for pension benefits

–119

315

Total comprehensive income before attribution of non-controlling interests

4 827

1 521

 

 

 

Interest on contingent capital instruments

–68

–67

Comprehensive income attributable to non-controlling interests

3

5

Total comprehensive income attributable to common shareholders

4 762

1 459

Reclassification out of accumulated other comprehensive income

For the years ended 31 December

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2016
USD millions

Unrealised investment gains/losses1

Other-than-temporary impairment1

Cash flow hedges1

Foreign currency trans­lation1,2

Adjust­ment from pension benefits3

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 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 ‘‘Operating expenses’’.

Balance as of 1 January

2 748

–11

0

–5 687

–1 016

–3 966

Change during the period

2 856

6

32

–267

–201

2 426

Amounts reclassified out of accumulated other comprehensive income

–704

2

–39

 

61

–680

Tax

–441

–2

 

–120

21

–542

Balance as of period end

4 459

–5

–7

–6 074

–1 135

–2 762
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2017
USD millions

Unrealised investment gains/losses1

Other-than-temporary impair­ment1

Cash flow hedges1

Foreign currency trans­lation1,2

Adjust­ment from pension benefits3

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 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 ‘‘Operating expenses’’.

Balance as of 1 January

4 459

–5

–7

–6 074

–1 135

–2 762

Change during the period

2 755

4

30

347

348

3 484

Amounts reclassified out of accumulated other comprehensive income

–2 372

1

–33

–17

43

–2 378

Tax

–96

–2

 

196

–76

22

Balance as of period end

4 746

–2

–10

–5 548

–820

–1 634

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