Provides a snapshot of a company's financial condition at one point in time. It shows assets, including investments and reinsurance, and liabilities, such as loss reserves to pay claims in the future, as of a certain date. It also states a company's equity, known as policyholder surplus. Changes in that surplus are one indicator of an insurer's financial standing.

"Balance Sheet" In Context

"One of my favorite exploration & production companies remains EOG Resources, Inc. (EOG). With a consistent track record of production growth, a stable balance sheet, a strong management team and exceptional "option value" around the current reserve base ..."