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Stock impact report

FAF's Q2 Earnings Beat on Solid Commercial Business, Investment Income [Yahoo! Finance]

First American Corporation (New) (FAF) 
Last first american corporation (new) earnings: 4/23 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.firstam.com
Company Research Source: Yahoo! Finance
The insurer's results reflect the benefits of the seasonal pick-up in demand despite challenging market conditions. Operating revenues of $1.8 billion increased 14.2% year over year due to higher direct premiums and escrow fees, agent premiums, as well as information and other and net investment income. The top line beat the Zacks Consensus Estimate by 5%. First American Financial Corporation price-consensus-eps-surprise-chart | First American Financial Corporation Quote Investment income was $160 million in the second quarter, which increased 23% year over year. The figure was higher than our estimate of $157.3 million. Expenses increased 6.7% year over year to $1.6 billion, in line with our estimate. Title Insurance and Services : Total revenues increased 13.2% year over year to $1.7 billion. The figure was in line with our estimate. Investment income of $147 million, up 17% year over year. The improvement was primarily driven by higher interest income from the company's Show less Read more
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