What does Annual Report mean? Read on to discover the definition & meaning of the term Annual Report - to help you better understand the language used in insurance policies.
An annual report is a document that provides details about a company's financial performance over the past year. Annual reports are distributed to shareholders of a corporation, typically at an annual shareholder's meeting. In the context of insurance, insurance companies often provide annual reports to their shareholders. This helps the shareholders evaluate the yearly progress for the company.
We hope the you have a better understanding of the meaning of Annual Report.