First American Financial Reports Results for the First Quarter of 2020
First American Corporation (New) (FAF)
Last first american corporation (new) earnings: 4/23 06:45 am
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US:NYSE Investor Relations:
investors.firstam.com
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Source: Business Wire
—Reports First Quarter Earnings of 55 Cents per Diluted Share, or $1.06 per Share Excluding Net Realized Investment Losses— SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced financial results for the first quarter ended March 31, 2020.Current Quarter HighlightsTotal revenue of $1.4 billion, up 8 percent compared with last yearClosed title orders up 34 percent, driven by a 144 percent increase in refinance ordersAverage revenue per order down 6 percent, driven by the shift to refinance transactionsNet realized investment losses of $64.8 million, primarily due to the change in the fair value of equity securitiesTitle Insurance and Services segment pretax margin of 5.6 percent10.3 percent excluding net realized investment lossesTitle Insurance and Services segment loss provision rate of 5 percent compared with 4 percent
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News
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FAF
Earnings
- 4/24/24 - Miss
FAF
Sec Filings
- 4/24/24 - Form 8-K
- 4/15/24 - Form 13F-HR/A
- 4/10/24 - Form SC
- FAF's page on the SEC website