Annual Statement

Published:

Definition - What does Annual Statement mean?

An annual statement is a report that provides an overview of a company's financial information for the previous year. Annual statements are not only relevant for government regulation and helping a company understand its current financial condition, they are also used by investors to get information about companies.

Insurance companies are among the organizations that produce annual statements.

Insuranceopedia explains Annual Statement

An annual statement may contain many financial details, including a company's profit and loss account and its balance sheet. If an annual statement reveals a large profit in the past year, it can indicate that the company is going in the right direction, while declining profits can be a source of concern.


How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

Share this:

Connect with us

Email Newsletter

Join thousands receiving the latest content and insights on the insurance industry.