Reported Earnings • 4h
Second quarter 2026 earnings released: EPS: US$2.13 (vs US$1.41 in 2Q 2025) Second quarter 2026 results: EPS: US$2.13 (up from US$1.41 in 2Q 2025). Revenue: US$2.12b (up 15% from 2Q 2025). Net income: US$218.5m (up 50% from 2Q 2025). Profit margin: 10% (up from 7.9% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 04
Upcoming dividend of US$0.55 per share Eligible shareholders must have bought the stock before 08 June 2026. Payment date: 15 June 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.7%). Declared Dividend • May 20
First quarter dividend of US$0.55 announced Shareholders will receive a dividend of US$0.55. Ex-date: 8th June 2026 Payment date: 15th June 2026 Dividend yield will be 3.4%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.5% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 14
First American Financial Corporation Declares Quarterly Cash Dividend, Payable on June 15, 2026 First American Financial Corporation announced that its board of directors has declared a quarterly cash dividend of 55 cents per common share. The cash dividend is payable on June 15, 2026 to shareholders of record as of June 8, 2026. Announcement • Mar 23
First American Financial Corporation, Annual General Meeting, May 12, 2026 First American Financial Corporation, Annual General Meeting, May 12, 2026. Location: register.proxypush.com/faf, United States Announcement • Oct 14
First American Financial Corporation to Report Q4, 2025 Results on Feb 11, 2026 First American Financial Corporation announced that they will report Q4, 2025 results After-Market on Feb 11, 2026 Announcement • Sep 11
First American Financial Corporation Declares Quarterly Dividend, Payable on September 29, 2025 First American Financial Corporation announced that its board of directors has declared a quarterly cash dividend of 55 cents per common share, a 2% increase over the prior level of 54 cents per common share. The cash dividend is payable on September 29, 2025 to shareholders of record as of September 22, 2025. Announcement • Jul 24
First American Financial Corporation (NYSE:FAF) announces an Equity Buyback for $300 million worth of its shares. First American Financial Corporation (NYSE:FAF) announces a share repurchase program. Under the program, the company will repurchase up to $300 million worth of its shares. Announcement • May 14
First American Financial Corporation Declares Quarterly Cash Dividend, Payable on June 16, 2025 First American Financial Corporation announced that its board of directors has declared a quarterly cash dividend of 54 cents per common share. The cash dividend is payable on June 16, 2025 to shareholders of record as of June 9, 2025. Announcement • Apr 18
First American Financial Corporation's First American Data & Analytics Launches VeriTitle™ First American Financial Corporation's First American Data & Analytics has introduced VeriTitle, a first-of-its kind solution designed to accelerate the mortgage and home equity loan origination process by delivering critical title intelligence to lenders as borrowers begin their loan applications. Designed with mortgage originators and home equity lenders in mind, VeriTitle is the only solution on the market that integrates proprietary first-party property data to assess title conditions and validate critical property and owner information. This innovative approach empowers lenders to address title challenges, such as resolving lien, correcting title errors, and confirming property ownership, early in the mortgage origination process, creating a smoother path to closing. Announcement • Mar 21
First American Financial Corporation, Annual General Meeting, May 13, 2025 First American Financial Corporation, Annual General Meeting, May 13, 2025. Announcement • Jan 23
First American Financial Corporation Declares Quarterly Cash Dividend, Payable on March 17, 2025 First American Financial Corporation announced that its board of directors has declared a quarterly cash dividend of 54 cents per common share. The cash dividend is payable on March 17, 2025 to shareholders of record as of March 10, 2025. Announcement • Dec 11
First American Title Insurance Company and First American Financial Corporation Expands Breadth of AgentNet Services, Introduces Order Insights with Real-Time Fraud Alerts First American Title Insurance Company announced the launch of Order Insights, a real-time, transaction-based fraud alert system. Available to all First American policy-issuing title agents, Order Insights is now included with AgentNet Services, the digital storefront for First American Title's products and services that launched earlier this year. Fraud continues to challenge the real estate industry, with real estate-related fraud losses totaling over $145 million in 2023, according to the FBI's annual Internet Crime Report. Order Insights leverages First American's data assets to provide title agents an edge in reducing fraud risk. As a transaction is entered in AgentNet Services, Order Insights automatically validates the transaction data and notifies title agents of file discrepancies and identifies other potential fraud risk indicators. In the month of November, Order Insights' real-time analysis helped protect over 130,000 files. Together with the fraud prevention tools, tips, and notifications in AgentNet Knowledge, a one-stop destination for underwriting expertise, Order Insights is another high-value addition to the AgentNet platform and sets the stage for expanded real-time communication and fraud prevention tools in the near future. Simple to navigate and use, AgentNet is designed to be the only name title agents need to remember for title technology. Declared Dividend • Nov 12
Third quarter dividend of US$0.54 announced Shareholders will receive a dividend of US$0.54. Ex-date: 9th December 2024 Payment date: 16th December 2024 Dividend yield will be 3.4%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (239% earnings payout ratio). However, it is covered by cash flows (71% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 165% to bring the payout ratio under control. EPS is expected to grow by 228% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Nov 06
First American Financial Corporation Declares Quarterly Cash Dividend, Payable on December 16, 2024 First American Financial Corporation announced that its board of directors has declared a quarterly cash dividend of 54 cents per common share. The cash dividend is payable on December 16, 2024 to shareholders of record as of December 9, 2024. Announcement • Oct 26
First American Financial Corporation Provides Earnings Guidance for the Year 2024 First American Financial Corporation provided earnings guidance for the year 2024. The company expects that modest revenue growth for the full year of 2024 will enable to achieve title margins similar to what the company posted in 2023. Reported Earnings • Oct 24
Third quarter 2024 earnings released: US$1.00 loss per share (vs US$0.016 loss in 3Q 2023) Third quarter 2024 results: US$1.00 loss per share (further deteriorated from US$0.016 loss in 3Q 2023). Revenue: US$1.41b (down 5.1% from 3Q 2023). Net loss: US$104.0m (loss widened US$102.3m from 3Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Oct 08
First American Financial Corporation to Report Q4, 2024 Results on Feb 12, 2025 First American Financial Corporation announced that they will report Q4, 2024 results After-Market on Feb 12, 2025 Declared Dividend • Sep 16
Second quarter dividend of US$0.54 announced Shareholders will receive a dividend of US$0.54. Ex-date: 20th September 2024 Payment date: 27th September 2024 Dividend yield will be 3.5%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (113% earnings payout ratio). However, it is covered by cash flows (78% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 26% to bring the payout ratio under control. EPS is expected to grow by 160% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Sep 11
First American Financial Corporation Appoints Deborah L. Wahl to Board of Directors First American Financial Corporation announced that Deborah L. Wahl has been appointed to the company’s board of directors. Considered an innovator among global chief marketing officers (CMO), Wahl has earned a reputation for developing and driving transformational corporate strategy. Wahl’s impressive career includes serving as CMO for several premier consumer product brands, including General Motors, Cadillac, and McDonald’s, as well as PulteGroup. She has consistently been recognized as a leader among CMOs, named to the Forbes CMO Hall of Fame and the CMO Club Hall of Fame. Wahl currently serves on the boards of ActionIQ and Mediaocean. Her previous board experience includes service on the boards of Groupon, Beyond Ordinary Events, and OnStar Insurance, as well as several board-level roles with the Association of National Advertisers, the Mobile Marketing Association, and the Interactive Advertising Bureau. Wahl earned a master’s degree in business administration from the Wharton School at the University of Pennsylvania and earned a bachelor’s degree in economics from Wellesley. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: US$1.11 (vs US$1.33 in 2Q 2023) Second quarter 2024 results: EPS: US$1.11 (down from US$1.33 in 2Q 2023). Revenue: US$1.61b (down 2.1% from 2Q 2023). Net income: US$116.0m (down 16% from 2Q 2023). Profit margin: 7.2% (down from 8.4% in 2Q 2023). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Declared Dividend • May 27
First quarter dividend of US$0.53 announced Shareholders will receive a dividend of US$0.53. Ex-date: 10th June 2024 Payment date: 17th June 2024 Dividend yield will be 4.0%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is covered by cash flows (83% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. EPS is expected to grow by 44% over the next year, which is sufficient to bring the dividend into a sustainable range. Announcement • May 22
First American Financial Corporation Declares Quarterly Cash Dividend, Payable on June 17, 2024 First American Financial Corporation announced that its board of directors has declared a quarterly cash dividend of 53 cents per common share. The cash dividend is payable on June 17, 2024 to shareholders of record as of June 10, 2024. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$0.45 (vs US$0.44 in 1Q 2023) First quarter 2024 results: EPS: US$0.45 (up from US$0.44 in 1Q 2023). Revenue: US$1.42b (down 1.5% from 1Q 2023). Net income: US$46.7m (up 1.7% from 1Q 2023). Profit margin: 3.3% (up from 3.2% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Apr 02
First American Financial Corporation, Annual General Meeting, May 21, 2024 First American Financial Corporation, Annual General Meeting, May 21, 2024, at 13:00 Pacific Standard Time. Agenda: To consider Election of the three persons named in the accompanying proxy statement to serve as Class II directors on board of directors for a three-year term expiring on the date of the 2027 annual meeting of stockholders; to consider approval, on an advisory basis, of Company's executive compensation; to consider ratification of the selection of PricewaterhouseCoopers LLP as Company's independent registered public accounting firm for the fiscal year ending December 31, 2024; and to consider other business issues. Upcoming Dividend • Feb 29
Upcoming dividend of US$0.53 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 15 March 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (5.2%). In line with average of industry peers (3.7%). Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: US$2.08 (vs US$2.46 in FY 2022) Full year 2023 results: EPS: US$2.08 (down from US$2.46 in FY 2022). Revenue: US$6.00b (down 21% from FY 2022). Net income: US$216.8m (down 18% from FY 2022). Profit margin: 3.6% (in line with FY 2022). Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: US$2.08 (vs US$2.46 in FY 2022) Full year 2023 results: EPS: US$2.08 (down from US$2.46 in FY 2022). Revenue: US$6.00b (down 21% from FY 2022). Net income: US$216.8m (down 18% from FY 2022). Profit margin: 3.6% (in line with FY 2022). Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Declared Dividend • Feb 05
Third quarter dividend of US$0.53 announced Shareholders will receive a dividend of US$0.53. Ex-date: 7th March 2024 Payment date: 15th March 2024 Dividend yield will be 3.6%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is covered by cash flows (59% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 2.3% to bring the payout ratio under control. EPS is expected to grow by 104% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Dec 07
ACI Introduces SureStep Mobile, an Advanced Appraisal Data Collection and Order Management Solution ACI, a member of the First American family of companies, introduced SureStep mobile, the most comprehensive appraisal inspection solution in the market. Through the applications and tools housed within ACI SureStep mobile, appraisers can conduct a full inspection onsite from their smartphone or tablet, including capturing photos, completing sketches, collecting property data, and analyzing research, which helps eliminate paperwork and manual data entry. Available for both iOS and Android devices, SureStep mobile also helps appraisers more effectively manage calendars and active orders by displaying all assignments and their status in one place and providing driving directions to appointments with a single touch. With SureStep mobile, appraisers automatically receive First American's comprehensive public records data for the subject property, along with aerial and street-view imagery. In addition, all completed inspections are seamlessly imported directly into ACI's software, ACI Report™? to further reduce the need for manual data entry. Work files are thoroughly documented within SureStep mobile to comply with regulatory requirements through complete digital inspection reporting as well. Upcoming Dividend • Nov 30
Upcoming dividend of US$0.53 per share at 3.6% yield Eligible shareholders must have bought the stock before 07 December 2023. Payment date: 15 December 2023. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (3.9%). Announcement • Nov 08
First American Financial Corporation Declares Quarterly Cash Dividend, Payable on December 15, 2023 First American Financial Corporation announced that its board of directors has declared a quarterly cash dividend of 53 cents per common share. The cash dividend is payable on December 15, 2023 to shareholders of record as of December 8, 2023. Reported Earnings • Oct 28
Third quarter 2023 earnings released: US$0.016 loss per share (vs US$0.019 profit in 3Q 2022) Third quarter 2023 results: US$0.016 loss per share (down from US$0.019 profit in 3Q 2022). Revenue: US$1.48b (down 19% from 3Q 2022). Net loss: US$1.70m (down 185% from profit in 3Q 2022). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Oct 05
First American Financial Corporation to Report Q4, 2023 Results on Feb 08, 2024 First American Financial Corporation announced that they will report Q4, 2023 results at 6:45 AM, US Eastern Standard Time on Feb 08, 2024 Upcoming Dividend • Aug 31
Upcoming dividend of US$0.53 per share at 3.5% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 15 September 2023. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.1%). Announcement • Aug 23
First American Financial Corporation Declares Quarterly Cash Dividend, Payable on September 15, 2023 First American Financial Corporation announced that its board of directors has declared a quarterly cash dividend of 53 cents per common share, a 2% increase over the prior level of 52 cents per common share. The cash dividend is payable on September 15, 2023 to shareholders of record as of September 8, 2023. Reported Earnings • Jul 30
Second quarter 2023 earnings released: EPS: US$1.33 (vs US$1.01 in 2Q 2022) Second quarter 2023 results: EPS: US$1.33 (up from US$1.01 in 2Q 2022). Revenue: US$1.65b (down 20% from 2Q 2022). Net income: US$138.5m (up 27% from 2Q 2022). Profit margin: 8.4% (up from 5.3% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 6.4% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Jul 08
First American Financial Corporation Appoints Jody Mulkey as Chief Technology Officer First American Financial Corporation announced that Jody Mulkey has been appointed as chief technology officer. In this new role, Mulkey will oversee the company's corporate product development team. Mulkey has most recently served as chief technology officer at GoodRx. Earlier in his career, as the chief technology officer at Ticketmaster, he designed and executed the company's technology transformation, drove innovation to create new products, such as digital tickets, Verified Fan and dynamic pricing. Upcoming Dividend • May 31
Upcoming dividend of US$0.52 per share at 3.7% yield Eligible shareholders must have bought the stock before 07 June 2023. Payment date: 15 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.4%). Announcement • May 11
First American Financial Corporation Announces FraudGuard Solution Now Helps Reduce Risk in Home Equity Lending, Valuation, and SCRA Compliance First American Financial Corporation announced that its FraudGuard®? fraud risk detection and decisioning tool now includes enhancements that help lenders reduce home equity lending and compliance risk, and further improve loan quality and increase efficiency. The new features include the integration of the First American Procision™? AVM suite and the additions of a senior-lien review module designed for home equity lending and a military status verification module. FraudGuard's integration with the Procision AVM suite provides users access to automated property values to help expedite lending functions, such as underwriting and collateral reviews for first and second mortgages, as well as home equity lines of credit. The Procision AVM suite uses a blended ensemble modeling approach to deliver an exceptional level of accuracy. First American Data & Analytics runs Procision AVMvaluations on every residential property in the U.S. every day and the company also updates the underlying data that fuels the Procision AVM suite daily. An automated surveillance system constantly monitors both data and valuation quality, and performs extensive testing to validate the accuracy of the valuations produced by the Procision AVM suite for various property types in various geographic markets. Designed to support home equity lending, the senior-lien review module identifies ineligible first liens that could prevent a lender from moving forward with a second lien. For example, the new feature will alert a lender to a private mortgage originated within the last 12 months, first mortgages with negative amortization, balloon loans with a due date before the second lien, or a reverse mortgage. The module can also identify payment deferrals and loans in forbearance. The military status module verifies an applicant's status - active, retired or a survivor of military personnel - under the Servicemembers Civil Relief Act (SCRA). In addition to mortgage lending, the new module can be leveraged in credit and automobile lending. Both the senior-lien review and military status modules are available as standalone API integrations. Announcement • May 10
First American Financial Corporation Declares Quarterly Cash Dividend, Payable on June 15, 2023 First American Financial Corporation announced that its board of directors has declared a quarterly cash dividend of 52 cents per common share. The cash dividend is payable on June 15, 2023 to shareholders of record as of June 8, 2023. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$0.44 (vs US$0.89 in 1Q 2022) First quarter 2023 results: EPS: US$0.44 (down from US$0.89 in 1Q 2022). Revenue: US$1.45b (down 29% from 1Q 2022). Net income: US$45.9m (down 53% from 1Q 2022). Profit margin: 3.2% (down from 4.8% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 28
Upcoming dividend of US$0.52 per share at 3.7% yield Eligible shareholders must have bought the stock before 07 March 2023. Payment date: 15 March 2023. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.4%). Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: US$2.46 (vs US$11.18 in FY 2021) Full year 2022 results: EPS: US$2.46 (down from US$11.18 in FY 2021). Revenue: US$7.61b (down 18% from FY 2021). Net income: US$263.0m (down 79% from FY 2021). Profit margin: 3.5% (down from 14% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 3.1% p.a. on average during the next 2 years, while revenues in the Insurance industry in Germany are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year. Announcement • Feb 03
First American Financial Corporation acquired 1031 Solutions, LLC. First American Financial Corporation acquired 1031 Solutions, LLC on February 2, 2023. All of 1031 Solutions LLC capabilities will now be positioned under the First American Exchange Company brand. First American Financial Corporation completed the acquisition of 1031 Solutions, LLC on February 2, 2023. Announcement • Jan 19
First American Financial Corporation Declares Quarterly Cash Dividend, Payable on March 15, 2023 First American Financial Corporation announced that its board of directors has declared a quarterly cash dividend of 52 cents per common share. The cash dividend is payable on March 15, 2023 to shareholders of record as of March 8, 2023. Upcoming Dividend • Nov 30
Upcoming dividend of US$0.52 per share Eligible shareholders must have bought the stock before 07 December 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (4.3%). Announcement • Nov 16
First American Financial Corporation Declares Quarterly Cash Dividend, Payable on December 15, 2022 First American Financial Corporation announced that its board of directors has declared a quarterly cash dividend of 52 cents per common share. The cash dividend is payable on December 15, 2022 to shareholders of record as of December 8, 2022. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$0.019 (vs US$4.01 in 3Q 2021) Third quarter 2022 results: EPS: US$0.019 (down from US$4.01 in 3Q 2021). Revenue: US$1.82b (down 29% from 3Q 2021). Net income: US$2.00m (down 100% from 3Q 2021). Profit margin: 0.1% (down from 17% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Insurance industry in Germany are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Oct 06
First American Financial Corporation to Report Q4, 2022 Results on Feb 09, 2023 First American Financial Corporation announced that they will report Q4, 2022 results at 6:45 AM, Eastern Standard Time on Feb 09, 2023 Upcoming Dividend • Aug 31
Upcoming dividend of US$0.52 per share Eligible shareholders must have bought the stock before 07 September 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.3%). Announcement • Aug 24
First American Financial Corporation Increases Quarterly Cash Dividend, Payable on September 15, 2022 First American Financial Corporation announced that its board of directors has declared a quarterly cash dividend of 52 cents per common share, a 2% increase over the prior level of 51 cents per common share. The cash dividend is payable on September 15, 2022 to shareholders of record as of September 8, 2022. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: US$1.01 (vs US$2.72 in 2Q 2021) Second quarter 2022 results: EPS: US$1.01 (down from US$2.72 in 2Q 2021). Revenue: US$2.06b (down 9.0% from 2Q 2021). Net income: US$109.0m (down 64% from 2Q 2021). Profit margin: 5.3% (down from 13% in 2Q 2021). Over the next year, revenue is expected to shrink by 11% compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
First American Financial Corporation (NYSE:FAF) announces an Equity Buyback for $400 million worth of its shares. First American Financial Corporation (NYSE:FAF) announces a share repurchase program. Under the program, the company will repurchase up to $400 million worth of its shares. Announcement • Jul 09
First American Financial Corporation Announces Resignation of Christopher M. Leavell as Chief Operating Officer First American Financial Corporation announced that on July 6, 2022, Christopher M. Leavell ceased to serve as chief operating officer of the Company. During a transition period ending December 31, 2022, Mr. Leavell will continue to be an employee of the Company and he will continue to receive his same base salary, but he will not receive a bonus or equity compensation for his 2022 service as an employee. At the end of the transition period, he will be entitled to other compensation in accordance with his employment agreement dated as of February 11, 2022. Announcement • Jun 26
First American Financial Corporation(NYSE:FAF) dropped from Russell 1000 Dynamic Index First American Financial Corporation(NYSE:FAF) dropped from Russell 1000 Dynamic Index Upcoming Dividend • May 31
Upcoming dividend of US$0.51 per share Eligible shareholders must have bought the stock before 07 June 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (4.9%). Recent Insider Transactions • May 27
Insider recently sold €2.2m worth of stock On the 23rd of May, Christopher Leavell sold around 39k shares on-market at roughly €55.78 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.9m more than they bought in the last 12 months. Announcement • May 13
First American Financial Corporation Appoints Marsha A. Spence to Board of Directors First American Financial Corporation announced that Marsha A. Spence has been appointed to the company’s board of directors. Spence currently serves as chairman of the board of Mother Lode Holding Company. Spence previously held the combined role of chairman and chief executive officer at Mother Lode for 15 years, after ascending to the roles of chief executive officer in 2001 and president in 1997. Announcement • May 12
First American Financial Corporation Declares Quarterly Cash Dividend, Payable on June 15, 2022 First American Financial Corporation announced that its board of directors has declared a quarterly cash dividend of 51 cents per common share. The cash dividend is payable on June 15, 2022 to shareholders of record as of June 8, 2022. Announcement • May 04
First American Financial Corporation (NYSE : FAF) completed the acquisition of Mother Lode Holding Company. First American Financial Corporation (NYSE:FAF) entered into an agreement to acquire Mother Lode Holding Company on January 12, 2022. Following the close of the transaction, Mother Lode Holding Company and its operating subsidiaries will continue to operate under their existing brands. Mother Lode Holding Company Chief Executive Officer Randy Bradley, Chief Operating Officer Lisa Steele and President Darrick Blatnick will remain with the company and manage the day-to-day operations. The closing of the transaction is subject to regulatory approvals and the satisfaction of customary closing conditions. As of February 10, 2022, the transaction is expected to close in the coming months. In connection with the transaction, Houlihan Lokey is acting as financial advisor to Mother Lode Holding Company. PK Paran and Gabe Gershowitz of Willkie Farr & Gallagher LLP acted as legal advisor to First American Financial Corporation.
First American Financial Corporation (NYSE : FAF) completed the acquisition of Mother Lode Holding Company on May 3, 2022. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: US$0.89 (vs US$2.10 in 1Q 2021) First quarter 2022 results: EPS: US$0.89 (down from US$2.10 in 1Q 2021). Revenue: US$2.03b (flat on 1Q 2021). Net income: US$98.0m (down 58% from 1Q 2021). Profit margin: 4.8% (down from 12% in 1Q 2021). Over the next year, revenue is expected to shrink by 9.2% compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. CEO & Director Ken DeGiorgio was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
First American Financial Corporation, Annual General Meeting, May 10, 2022 First American Financial Corporation, Annual General Meeting, May 10, 2022, at 13:00 Pacific Standard Time. Agenda: to consider election of the three persons named in the accompanying proxy statement to serve as Class III directors on our board of directors for a three-year term expiring on the date of the 2025 annual meeting of stockholders; Approval, on an advisory basis, of Company’s executive compensation; Approval of the amendment and restatement of our Company’s 2010 Employee Stock Purchase Plan; Ratification of the selection of PricewaterhouseCoopers LLP as Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022. Upcoming Dividend • Feb 28
Upcoming dividend of US$0.51 per share Eligible shareholders must have bought the stock before 07 March 2022. Payment date: 15 March 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.1%). Reported Earnings • Feb 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$11.18 (up from US$6.18 in FY 2020). Revenue: US$9.22b (up 30% from FY 2020). Net income: US$1.24b (up 78% from FY 2020). Profit margin: 14% (up from 9.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Over the next year, revenue is expected to shrink by 11% compared to a 15% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Feb 11
First American Financial Corporation Announces Board Appointments First American Financial Corporation announced that Kenneth D. DeGiorgio, who most recently served as the company’s president, has been appointed as director of the Company, while Dennis J. Gilmore, First American’s CEO since 2010, transitions to become chairman of the board of directors. DeGiorgio was named president in May 2021, when he assumed responsibility for the corporation’s operating groups, including its title insurance, specialty insurance and data and analytics businesses. Announcement • Feb 10
First American Financial Corporation Announces Executive Changes First American Financial Corporation announced that Kenneth D. DeGiorgio, who most recently served as the company’s president, has been appointed Chief Executive Officer, while Dennis J. Gilmore, First American’s CEO since 2010, transitions to become chairman of the board of directors. DeGiorgio was named president in May 2021, when he assumed responsibility for the corporation’s operating groups, including its title insurance, specialty insurance and data and analytics businesses. Since joining the company in 1999, DeGiorgio has at various times in his tenure overseen the company’s banking operations, international division and multiple corporate functions. Announcement • Jan 13
First American Financial Corporation (NYSE:FAF) entered into an agreement to acquire Mother Lode Holding Company. First American Financial Corporation (NYSE:FAF) entered into an agreement to acquire Mother Lode Holding Company on January 12, 2022. Following the close of the transaction, Mother Lode Holding Company and its operating subsidiaries will continue to operate under their existing brands. Mother Lode Holding Company Chief Executive Officer Randy Bradley, Chief Operating Officer Lisa Steele and President Darrick Blatnick will remain with the company and manage the day-to-day operations. The closing of the transaction is subject to regulatory approvals and the satisfaction of customary closing conditions. In connection with the transaction, Houlihan Lokey is acting as financial advisor to Mother Lode Holding Company. Announcement • Dec 01
First American Financial Corporation Releases September 2021 First American Real House Price Index First American Financial Corporation released the September 2021 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolitan area levels.Because the RHPI adjusts for house-buying power, it also serves as a measure of housing affordability. September 2021 Real House Price Index Highlights - Real house prices increased 1.7% between August 2021 and September 2021. Real house prices increased 17.5% between September 2020 and September 2021. Consumer house-buying power, how much one can buy based on changes in income and interest rates, decreased 0.2% between August 2021 and September 2021, and increased 2.9% year over year. Median household income has increased 3.0% since September 2020 and 66.2% since January 2000. Real house prices are 9.4% less expensive than in January 2000. While unadjusted house prices are now 38.4% above the housing boom peak in 2006, real, house-buying power-adjusted house prices remain 36.4% below their 2006 housing boom peak. September 2021 Real House Price State Highlights - The five states with the greater year-over-year increase in the RHPI are: Arizona (+28.9%), South Carolina (+22.0%), Florida (+21.5), Nevada (+21.2), and Georgia (+20.4%). There were no states with a year-over-year decrease in the RHPI. September 2021 Real House Price Local Market Highlights - Among the Core Based Statistical Areas (CBSAs) tracked by First American, the five markets with the greater year-over-year increase in the RHPI are: Phoenix (+30.1%), Charlotte, N.C. (+27.4), Jacksonville, Fla. (+26.2%), Tampa, Fla. (+25.5%), and Memphis, Tenn. (+22.4%). Among the Core Based Statistical Areas (CBSAs) tracked by First American, there were no markets with a year-over-year decrease in the RHPI. The next release of the First American Real House Price Index will take place the week of December 27, 2021 for October 2021 data. Upcoming Dividend • Nov 30
Upcoming dividend of US$0.51 per share Eligible shareholders must have bought the stock before 07 December 2021. Payment date: 15 December 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (4.4%). Board Change • Nov 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. Independent Director Martha Wyrsch was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Oct 28
President recently sold €1.7m worth of stock On the 25th of October, Kenneth DeGiorgio sold around 26k shares on-market at roughly €64.26 per share. This was the largest sale by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS US$4.01 (vs US$1.62 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$2.56b (up 34% from 3Q 2020). Net income: US$445.3m (up 144% from 3Q 2020). Profit margin: 17% (up from 9.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 31
Upcoming dividend of US$0.51 per share Eligible shareholders must have bought the stock before 07 September 2021. Payment date: 15 September 2021. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (4.3%). Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS US$2.73 (vs US$1.52 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$2.27b (up 41% from 2Q 2020). Net income: US$302.3m (up 77% from 2Q 2020). Profit margin: 13% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jul 03
First American Financial Corporation (NYSE:FAF) acquired Georgetown Title Company Inc. First American Financial Corporation (NYSE:FAF) acquired Georgetown Title Company Inc. on July 1, 2021. Georgetown Title will become part of the direct operations of First American Financial Corporation.
First American Financial Corporation (NYSE:FAF) completed the acquisition of Georgetown Title Company Inc. on July 1, 2021. Upcoming Dividend • Jun 01
Upcoming dividend of US$0.46 per share Eligible shareholders must have bought the stock before 07 June 2021. Payment date: 15 June 2021. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.2%). Announcement • May 13
First American Financial Corporation Declares Quarterly Cash Dividend, Payable on June 15, 2021 First American Financial Corporation announced that its board of directors has declared a quarterly cash dividend of 46 cents per common share. The cash dividend is payable on June 15, 2021 to shareholders of record as of June 8, 2021. Announcement • Apr 27
United States Patent and Trademark Office Issues First American Financial Corporation Announces Patent for an Innovative Improvement to Optical Character Recognition First American Financial Corporation announced that the United States Patent and Trademark Office has issued the company patent for an innovative improvement to optical character recognition technology that leverages artificial intelligence. The patented enhancement applies artificial intelligence to rapidly, efficiently, and accurately validate and correct text obtained from a document image via OCR, fueling more accurate automated title underwriting and production on key text-based components of the title policy. The U.S. Patent No. 10,896,292 titled OCR Error Correction is the 30th active patent in First American’s portfolio, which includes: Patents on technologies that facilitate the automated underwriting and production of title insurance; Patents on technologies that enable risk assessments of mortgage loans; Patents on technologies that improve the speed and precision of data collection or extraction from source documents, including documents essential to the underwriting of title insurance policies; andPatents related to optical character recognition technologies that help to unlock and structure the data held in millions of public records, powering automated title production breakthroughs, as well as enhancing the breadth and accuracy of title plant data. The company also has an additional 12 patent applications pending that include technologies that will further advance First American’s efforts to transform the title and settlement services industry. 
