financial statement
A financial statement is a firm's operating statements, including the balance sheet and profit and loss statement, along with associated information.
financial statement
A financial statement is a firm's operating statements, including the balance sheet and profit and loss statement, along with associated information.
Additional Information
Underwriters frequently request financial statements when they provide both new business and renewal quotations. This is because an insured's financial condition is an important factor in assessing its insurability, commitment to loss control programs, and ability to pay premiums.
