The meeting focused on year-end 2024 reporting, Solvency UK submissions, and ongoing efforts to rationalise financial reporting. Members noted overall satisfactory performance but highlighted challenges with XBRL tagging, auditor consistency, and duplication of data across QAD and Solvency UK forms. Solvency UK drop-in sessions were praised for providing guidance, and discussions emphasized the need for better coordination between finance and actuarial teams on claims reporting. The committee agreed on a full reset of the reporting rationalisation project, with funding allocated for 2026 and plans to present a roadmap to the Fin Com, Reporting Steering Committee, and LMA Board. Other topics included the Market Returns Forum, deputy support vacancies, and updates from related LMA committees. Actions included confirming whether Solvency UK submissions could replace QAD/AAD, sharing forum minutes, and progressing the reporting rationalisation roadmap.