Statement of comprehensive income

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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

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2016
USD millions

Unrealised investment gains/losses¹

Other-than-temporary impairment¹

Cash flow hedges¹

Foreign currency translation^1,2

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 translation^1,2

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

Reclassification out of accumulated other comprehensive income