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FAFFirst American Financial Corporation
$68.63$7.0B
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FAF logoFirst American Financial Corporation(FAF)Earnings, Financials & Key Ratios

FAF•NYSE•Insurance & Managed Care
11.4× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustrySpecialty InsuranceSub-IndustryMortgage and Title Insurance
AboutFirst American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services. This segment also provides closing and/or escrow services; products, services, and solutions to mitigate risk or otherwise facilitate real estate transactions; and appraisals and other valuation-related products and services, lien release and document custodial services, warehouse lending services, default-related products and services, mortgage subservicing, and related products and services, as well as banking, trust, and wealth management services. In addition, it accommodates tax-deferred exchanges of real estate; and maintains, manages, and provides access to title plant data and records. This segment offers its products through a network of direct operations and agents in 49 states and in the District of Columbia, as well as in Canada, the United Kingdom, Australia, South Korea, and internationally. The Specialty Insurance segment provides property and casualty insurance comprising coverage to residential homeowners and renters for liability losses and typical hazards, such as fire, theft, vandalism, and other types of property damage. It also offers residential service contracts that cover residential systems, such as heating and air conditioning systems, and appliances against failures that occur as the result of normal usage during the coverage period. First American Financial Corporation was founded in 1889 and is headquartered in Santa Ana, California.Show more
  • Revenue$7.45B+21.6%
  • Combined Ratio88.9%-8.6%
  • Net Income$622M+374.3%
  • Return on Equity11.93%+345.3%
  • Medical Cost Ratio4.39%-88.6%
  • Operating Margin11.1%+310.7%
  • Net Margin8.35%+289.9%
  • ROA3.99%+383.1%
  • Equity / Assets33.89%+2.5%

FAF Key Insights

First American Financial Corporation (FAF) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Profitable underwriting: 88.9% combined ratio
  • ✓Strong Piotroski F-Score: 8/9
  • ✓16 consecutive years of dividend growth
  • ✓Low loss ratio of 4.4%
  • ✓Healthy dividend yield of 3.1%
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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FAF Price & Volume

First American Financial Corporation (FAF) stock price & volume — 10-year historical chart

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FAF Growth Metrics

First American Financial Corporation (FAF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years3.7%
5 Years1.01%
3 Years-0.66%
TTM-4.22%

Profit CAGR

10 Years8%
5 Years-2.23%
3 Years33.22%
TTM324.15%

EPS CAGR

10 Years8.64%
5 Years-0.52%
3 Years34.79%
TTM330.46%

Return on Capital

10 Years4.8%
5 Years4.18%
3 Years2.62%
Last Year5.31%

FAF Recent Earnings

First American Financial Corporation (FAF) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 22, 2026
Metric
Actual
Est
EPS
$1.33+25.5%
$1.06
Rev
$1.8B+2.7%
$1.8B
Q1 2026
Feb 11, 2026
Metric
Actual
Est
EPS
$1.99+39.2%
$1.43
Rev
$2.0B+13.8%
$1.8B
Q4 2025
Oct 22, 2025
Metric
Actual
Est
EPS
$1.70+19.7%
$1.42
Rev
$2.0B+5.1%
$1.9B
Q3 2025
Jul 23, 2025
Metric
Actual
Est
EPS
$1.53+9.3%
$1.40
Rev
$1.8B+0.2%
$1.8B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 22, 2026
$1.33vs $1.06+25.5%
$1.8Bvs $1.8B+2.7%
Q1 2026Feb 11, 2026
$1.99vs $1.43+39.2%
$2.0Bvs $1.8B+13.8%
Q4 2025Oct 22, 2025
$1.70vs $1.42+19.7%
$2.0Bvs $1.9B+5.1%
Q3 2025Jul 23, 2025
$1.53vs $1.40+9.3%
$1.8Bvs $1.8B+0.2%
Based on last 12 quarters of dataView full earnings history →

FAF Peer Comparison

First American Financial Corporation (FAF) competitors in Mortgage and Title Insurance — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
FNF logoFNFFidelity National Financial, Inc.Direct Competitor12.6B46.8221.198.61%5.15%8.5%0.53
STC logoSTCStewart Information Services CorporationDirect Competitor2.03B66.4616.4517.32%3.96%7.72%0.54
ITIC logoITICInvestors Title CompanyDirect Competitor487.82M258.3813.915.6%13.59%14.03%0.03
MTG logoMTGMGIC Investment CorporationProduct Competitor5.51B26.068.300.49%59.63%14%0.13
RDN logoRDNRadian Group Inc.Product Competitor4.73B34.708.38-3.36%40.28%12.01%0.24
ESNT logoESNTEssent Group Ltd.Product Competitor5.39B58.458.47-0.49%53.34%12.01%0.09
NMIH logoNMIHNMI Holdings, Inc.Product Competitor2.85B37.487.628.39%55.07%15.8%0.16
ACT logoACTEnact Holdings, Inc.Product Competitor5.98B42.399.382.37%54.55%12.74%0.14

Compare FAF vs Peers

First American Financial Corporation (FAF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FNF

Most directly comparable listed peer for FAF.

Scale Benchmark

vs ICE

Larger-name benchmark to compare FAF against a more recognizable public peer.

Peer Set

Compare Top 5

vs FNF, STC, ITIC, MTG

FAF Income Statement

First American Financial Corporation (FAF) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue
5.77B5.75B6.2B7.08B9.21B7.59B6B6.12B7.45B6.01B
Revenue Growth %
3.46%-0.41%7.9%14.21%30.14%-17.58%-21.02%2.04%21.64%-4.22%
Medical Costs & Claims
2.31B2.25B2.32B2.76B3.58B3.32B2.29B2.36B326.6M1.55B
Medical Cost Ratio %
40.11%39.21%37.43%39.04%38.8%43.66%38.15%38.63%4.39%25.74%
Gross Profit
3.45B▲ 0%
3.49B▲ 1.1%
3.88B▲ 11.1%
4.32B▲ 11.3%
5.64B▲ 30.6%
4.28B▼ 24.1%
3.71B▼ 13.3%
3.76B▲ 1.3%
7.12B▲ 89.5%
4.47B▲ 0%
Gross Margin %
59.89%60.79%62.57%60.96%61.2%56.34%61.85%61.37%95.61%74.26%
Gross Profit Growth %
5.15%1.1%11.06%11.27%30.64%-24.13%-13.29%1.25%89.52%-
Operating Expenses
3.01B2.88B2.97B3.39B4B3.95B3.44B3.59B6.29B3.57B
OpEx / Revenue %
52.17%50.18%47.98%47.92%43.38%52.05%57.27%58.66%84.52%59.43%
Depreciation & Amortization
128.05M125.93M129M149M158.4M167.5M188.5M207.4M216.2M218.3M
Combined Ratio %
92.28%89.39%85.4%86.96%82.19%95.71%95.43%97.3%88.9%85.18%
Operating Income
445.33M▲ 0%
609.54M▲ 36.9%
905M▲ 48.5%
923M▲ 2.0%
1.64B▲ 77.8%
325.7M▼ 80.2%
274.4M▼ 15.8%
165.4M▼ 39.7%
826.2M▲ 399.5%
891.4M▲ 0%
Operating Margin %
7.72%10.61%14.6%13.04%17.81%4.29%4.57%2.7%11.1%14.82%
Operating Income Growth %
-6.75%36.87%48.47%1.99%77.82%-80.16%-15.75%-39.72%399.52%-
EBITDA
573.38M735.47M1.03B1.07B1.8B493.2M462.9M372.8M1.04B1.11B
EBITDA Margin %
9.94%12.8%16.68%15.14%19.53%6.49%7.72%6.09%14%18.45%
Interest Expense
35.99M40.98M48M57M72.4M93M132.5M149.6M157M163.7M
Non-Operating Income
-35.99M-40.98M-48M-57M-72.4M-93M-132.5M-149.6M-157M-163.7M
Pretax Income
445.33M▲ 0%
609.54M▲ 36.9%
905M▲ 48.5%
923M▲ 2.0%
1.64B▲ 77.8%
325.7M▼ 80.2%
274.4M▼ 15.8%
165.4M▼ 39.7%
826.2M▲ 399.5%
891.4M▲ 0%
Pretax Margin %
7.72%10.61%14.6%13.04%17.81%4.29%4.57%2.7%11.1%14.82%
Income Tax
23.47M133.64M195M223M392.2M60.4M58.9M32.8M201M216.2M
Effective Tax Rate %
5.27%21.92%21.55%24.16%23.9%18.54%21.47%19.83%24.33%24.25%
Net Income
423.05M▲ 0%
474.5M▲ 12.2%
707M▲ 49.0%
696M▼ 1.6%
1.24B▲ 78.3%
263M▼ 78.8%
216.8M▼ 17.6%
131.1M▼ 39.5%
621.8M▲ 374.3%
672.7M▲ 0%
Net Margin %
7.33%8.26%11.41%9.83%13.47%3.46%3.61%2.14%8.35%11.19%
Net Income Growth %
23.34%12.16%49%-1.56%78.32%-78.81%-17.57%-39.53%374.29%324.15%
EPS (Diluted)
3.76▲ 0%
4.19▲ 11.4%
6.22▲ 48.4%
6.16▼ 1.0%
11.14▲ 80.8%
2.45▼ 78.0%
2.07▼ 15.5%
1.26▼ 39.1%
6.00▲ 376.2%
6.51▲ 0%
EPS Growth %
21.68%11.44%48.45%-0.96%80.84%-78.01%-15.51%-39.13%376.19%330.46%
EPS (Basic)
3.794.216.266.1811.182.462.081.266.02-
Diluted Shares Outstanding
112.44M113.28M113.66M113.02M111.4M107.3M104.6M104.3M103.7M103.3M

FAF Balance Sheet

First American Financial Corporation (FAF) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets
13.06B14.38B11.52B12.8B16.47B19.64B16.8B14.91B16.23B17.94B
Asset Growth %
10.22%10.11%-19.87%11.08%28.69%19.29%-14.46%-11.27%8.86%38.26%
Total Investment Assets
5.22B6.07B6.83B7.85B10.6B17.91B8.53B8.65B9.39B3M
Long-Term Investments
5.22B6.07B6.31B7.11B10.54B8.92B8.53B8.65B9.39B27.28B
Short-Term Investments
000058M00000
Total Current Assets
1.7B1.92B002.3B10.21B001.39B2.44B
Cash & Equivalents
1.43B1.5B1.53B1.32B1.23B1.22B3.66B1.8B1.39B2.44B
Receivables
311.08M413M335.35M386M441M389.1M585.1M436.1M432.6M1.71B
Other Current Assets
00-1.87B-1.71B2.94B33.9M-4.25B-2.24B-432.6M-398M
Goodwill & Intangibles
1.21B1.25B1.82B2.16B1.81B1.99B2.61B2.6B1.92B8.37B
Goodwill
1.11B1.14B1.15B1.38B1.59B1.8B1.81B1.8B1.82B1.91B
Intangible Assets
99.91M109.37M671.51M779M218M194M806.2M799.1M100M95M
PP&E (Net)
439.57M457.84M733.4M711M755M885M978.9M959.8M1.11B1.07B
Other Assets
-5.22B-16.64M-8.86B-9.97B-14M-9.86B-12.12B-12.21B-10.5B-1.07B
Total Liabilities
9.57B10.63B7.09B7.87B10.68B14.96B11.94B9.98B10.73B12.45B
Total Debt
732.81M808.33M1.33B1.82B2.46B1.92B2.19B2.42B1.91B0
Net Debt
-695.75M-695.01M-200.96M502M1.23B691M-1.47B616.8M518.6M-2.44B
Long-Term Debt
732.81M572.02M568.23M1.01B1.65B1.39B1.09B1.55B1.68B0
Short-Term Debt
00438.41M516M538M343M853.3M643.8M81.3M0
Total Current Liabilities
313.88M283.39M000258M0000
Accounts Payable
68.46M47.08M58.58M56M87M51M63.3M66.7M00
Deferred Revenue
240.82M243.28M0014M197M00214M199.3M
Other Current Liabilities
-364.62M-350.08M-844.85M-1.1B-1.19B-1.03B-1.35B-1.19B-295.3M-199.3M
Deferred Taxes
1000K1000K1000K1000K1000K1000K1000K1000K1000K590.9M
Other Liabilities
3.37B4.07B-1.41B-1.87B8.27B8.48B10.43B7.94B8.35B12.45B
Total Equity
3.48B▲ 0%
3.75B▲ 7.5%
4.43B▲ 18.1%
4.92B▲ 11.2%
5.78B▲ 17.5%
4.69B▼ 18.9%
4.86B▲ 3.7%
4.93B▲ 1.3%
5.5B▲ 11.6%
5.49B▲ 0%
Equity Growth %
15.55%7.53%18.15%11.23%17.49%-18.93%3.73%1.32%11.62%31.27%
Shareholders Equity
3.48B3.74B4.42B4.91B5.77B4.67B4.85B4.91B5.5B5.49B
Minority Interest
3.07M3.51M4.52M12M16M23M14.7M18.5M24.8M22.6M
Retained Earnings
1.31B1.64B2.16B2.65B3.68B3.72B3.71B3.62B4.01B4.08B
Common Stock
1K1K1K0000000
Accumulated OCI
-67.51M-160.57M-41.49M40M-92M-868M-655.8M-496.4M-256.7M-322.5M
Return on Equity (ROE)
13.02%13.13%17.31%14.89%23.19%5.02%4.54%2.68%11.93%12.54%
Return on Assets (ROA)
3.4%3.46%5.46%5.72%8.48%1.46%1.19%0.83%3.99%3.95%
Equity / Assets
26.68%26.05%38.41%38.47%35.12%23.87%28.94%33.05%33.89%30.61%
Debt / Equity
0.21x0.22x0.30x0.37x0.43x0.41x0.45x0.49x0.35x0.00x
Book Value per Share
30.9833.0638.9343.5551.9143.6946.4947.2453.0353.14
Tangible BV per Share
20.1922.0022.9024.4635.7025.1321.5022.2834.5233.70

FAF Cash Flow Statement

First American Financial Corporation (FAF) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
632.13M793.16M913.09M1.08B1.22B780M354.3M897.5M950.8M1.01B
Operating CF Growth %
29.16%25.47%15.12%18.79%12.47%-36.06%-54.58%153.32%5.94%175.06%
Operating CF / Revenue %
10.96%13.81%14.73%15.32%13.24%10.27%5.91%14.66%12.77%16.78%
Net Income
421.86M475.9M709.85M700.5M1.25B265M216.8M132.6M621.8M672.7M
Depreciation & Amortization
128.05M125.93M129.02M148.98M158.4M167M188.5M207.4M216.2M218.3M
Stock-Based Compensation
37.4M41.15M42.47M52M53.6M67.3M49.1M52M056.1M
Deferred Taxes
27.27M85.67M-36.83M-9.67M000000
Other Non-Cash Items
-29.98M-865K23.53M67.71M-313.9M621.7M171.8M284.5M335M-195.5M
Working Capital Changes
47.53M65.39M45.05M125.14M72.7M-341M-271.9M221M-222.2M256.6M
Cash from Investing
-387.17M-1.22B-452.23M-1.42B-3.39B-395M599.5M-458.7M-1.46B-2.04B
Capital Expenditures
-134.21M-118.17M-106.98M-114.08M-160.5M-260M-263.4M-218.3M-188.3M-184.9M
Acquisitions
-82.99M-79.17M-120.67M-461.6M-186.8M-278M-24.7M-13.3M-5.1M1.7M
Purchase of Investments
-1.97B-3.16B-2.34B-2.87B-6.35B-3.14B-1.47B-6.3B-2.98B-3.49B
Sale/Maturity of Investments
1.81B2.14B2.33B2.48B3.11B3.17B2.56B5.53B2.01B1.84B
Other Investing
-8.34M-558K-217.85M-446.17M196M122M-202.5M539.7M-293.3M-213.8M
Cash from Financing
128.02M514.74M-445.07M113.92M2.13B-376M1.42B-2.31B164.4M1.41B
Dividends Paid
-159.28M-178.49M-188.44M-198.66M-213M-217M-216.6M-220.7M-223M-223.5M
Share Repurchases
0-18.8M-2M-138.6M-99.2M-440.7M-72.7M-68.5M-122.3M-130.5M
Stock Issued
2.73M00000007M7M
Debt Issuance (Net)
-1000K1000K1000K1000K1000K-1000K-1000K1000K1000K1000K
Other Financing
292.85M710.77M-450.63M-63.41M1.79B451.3M1.78B-2.25B244.6M1.56B
Net Change in Cash
381.09M▲ 0%
79.9M▼ 79.0%
18.83M▼ 76.4%
-210.49M▼ 1217.9%
-47.5M▲ 77.4%
-4M▲ 91.6%
2.38B▲ 59645.0%
-1.89B▼ 179.2%
-330.8M▲ 82.5%
391.1M▲ 0%
Exchange Rate Effect
8.1M-7.37M3.04M6.07M-400K-13M4.9M-16.6M13.1M7.4M
Cash at Beginning
1.01B1.39B1.47B1.49B1.28B1.23B1.22B3.61B1.72B1.39B
Cash at End
1.39B1.47B1.49B1.28B1.23B1.22B3.61B1.72B1.39B2.44B
Free Cash Flow
497.93M▲ 0%
675M▲ 35.6%
806.11M▲ 19.4%
970.58M▲ 20.4%
1.06B▲ 9.2%
520M▼ 50.9%
90.9M▼ 82.5%
679.2M▲ 647.2%
762.5M▲ 12.3%
824.3M▲ 0%
FCF Growth %
39.42%35.56%19.42%20.4%9.15%-50.92%-82.52%647.19%12.26%45.35%
FCF Margin %
8.63%11.75%13%13.71%11.5%6.85%1.52%11.1%10.24%13.71%
FCF per Share
4.435.967.098.599.514.850.876.517.357.98

FAF Key Ratios

First American Financial Corporation (FAF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Combined Ratio
92.28%89.39%85.4%86.96%82.19%95.71%95.43%97.3%88.9%85.18%
Medical Cost Ratio
40.11%39.21%37.43%39.04%38.8%43.66%38.15%38.63%4.39%25.74%
Return on Equity (ROE)
13.02%13.13%17.31%14.89%23.19%5.02%4.54%2.68%11.93%12.54%
Return on Assets (ROA)
3.4%3.46%5.46%5.72%8.48%1.46%1.19%0.83%3.99%3.95%
Equity / Assets
26.68%26.05%38.41%38.47%35.12%23.87%28.94%33.05%33.89%30.61%
Book Value / Share
30.9833.0638.9343.5551.9143.6946.4947.2453.0353.14
Debt / Equity
0.21x0.22x0.30x0.37x0.43x0.41x0.45x0.49x0.35x0.00x
Revenue Growth
3.46%-0.41%7.9%14.21%30.14%-17.58%-21.02%2.04%21.64%-4.22%
Related:FAF Dividend History·FAF Revenue History·FAF Price History·FAF P/E History·FAF Financial Ratios·FAF Institutional Holders

FAF SEC Filings & Documents

First American Financial Corporation (FAF) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 22, 2026·SEC

Material company update

Feb 11, 2026·SEC

Material company update

Jan 21, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 21, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 24, 2026·SEC

FY 2025

Oct 24, 2025·SEC

FY 2025

Jul 25, 2025·SEC

FAF Frequently Asked Questions

First American Financial Corporation (FAF) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

First American Financial Corporation (FAF) grew revenue by 21.6% over the past year. This is strong growth.

Yes, First American Financial Corporation (FAF) is profitable, generating $672.7M in net income for fiscal year 2025 (8.4% net margin).

Dividend & Returns

Yes, First American Financial Corporation (FAF) pays a dividend with a yield of 3.13%. This makes it attractive for income-focused investors.

First American Financial Corporation (FAF) has a return on equity (ROE) of 11.9%. This is reasonable for most industries.

Industry Metrics

First American Financial Corporation (FAF) has a combined ratio of 88.9%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in FAF back in 2007?

Total return calculator · dividends reinvested · 19+ years of data

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How much would $100/month in FAF be worth today?

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