First American Financial Q3 2023 Earnings Report

First American Financial EPS Results

• Actual EPS: $1.22
• Consensus EPS: $1.09
• Beat/Miss: Beat by +$0.13
• One Year Ago EPS: $1.62

First American Financial Revenue Results

• Actual Revenue: $1.48 billion
• Expected Revenue: $1.60 billion
• Beat/Miss: Missed by -$116.84 million
• YoY Revenue Growth: -18.80%

First American Financial Announcement Details

• Quarter: Q3 2023
• Date: 10/26/2023
• Time: Before Market Opens

First American Financial (NYSE:FAF), through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally. 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, document generation services, mortgage loans 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 various states and in the District of Columbia, as well as in Canada, the United Kingdom, Australia, New Zealand, South Korea, and internationally. The Home Warranty segment provides home warranty products, including residential service contracts that cover residential systems, such as heating and air conditioning systems, and various appliances against failures that occur as the result of normal usage during the coverage period. This segment operates in various states and the District of Columbia. The company was founded in 1889 and is headquartered in Santa Ana, California.