Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001089113-25-000052
Chunk: 49

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 49
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,350 |
| –  other investment income                                                                                                                      |          187 |        204 |
| Insurance finance expense2                                                                                                                      |       -5,334 |     -2,447 |
| Other income                                                                                                                                    |          253 |         44 |
| Revenue1,3,4                                                                                                                                    |        1,173 |        943 |

1 Constant currency results are derived by adjusting for period-on-period effects of foreign currency translation differences. The impact of foreign currency translation differences on revenue was $ 9 m unfavourable for 1H24 (reported: $ 952 m). 2 The Group consolidated income statement includes consolidation and elimination adjustments not reported within total insurance as follows: Group ‘Insurance service result‘ of $ 785 m includes adjustments of $ 9 m (1H24: $ 663 m includes adjustments of $ 30 m), Group ‘net income from assets and liabilities of insurance businesses, including related derivatives, measured at fair value through profit or loss‘ of $ 5,113 m includes adjustments of $ 11 m (1H24: $ 2,338 m includes adjustments of $ 12 m), and Group ‘Insurance finance expense‘ of $ 5,329 m includes adjustments of $ 5 m (1H24: $ 2,452 m includes adjustments of $ 5 m). 3 Net operating income before change in expected credit losses and other credit impairment charges, also referred to as revenue. 4 ‘Revenue’ of $ 1,173 m (1H24: $ 943 m) is reported in our business segments: IWPB $ 1,133 m (1H24: $ 919 m), Hong Kong $ 37 m (1H24: $ 19 m) and UK $ 3 m (1H24: $ 5 m). This comprises revenue from insurance manufacturing operations of $ 1,002 m (1H24: $ 823 m), and revenue from wealth retail distribution channels and consolidation impacts of $ 171 m (1H24: $ 120 m). Total insurance revenue Revenue of $1.2bn reported in 1H25 reflected the following: – Insurance service result of $0.8bn in 1H25 increased by $0.1bn compared with 1H24 reflecting an increase to the release of CSM driven by a higher closing CSM balance, and from positive experience variances in Hong Kong and Singapore. – Investment income of $5