Annual Report
What Does Annual Report Mean?
An annual report is a document that provides details about a company’s financial performance over the past year. These reports are distributed to shareholders, typically at the annual shareholders’ meeting. In the context of insurance, insurance companies also provide annual reports to their shareholders, helping them assess the company’s progress over the year.
Insuranceopedia Explains Annual Report
Annual reports not only provide shareholders with important financial information, but they also serve to inform the government and the public. The government’s interest in this information is mainly for regulatory purposes, while the public may be interested when deciding whether to invest in the insurance company. In any case, information such as profits, losses, and other key financial data can be found in the annual reports of insurance companies.
