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Stock impact report

First American Financial Reports First Quarter 2024 Results [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
risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the first quarter ended March 31, 2024. Current Quarter Highlights Earnings per diluted share of $0.45, or $0.45 per share on an adjusted basis Total revenue of $1.4 billion, down 1 percent compared with last year Adjusted total revenue of $1.4 billion, down 3 percent compared with last year Title Insurance and Services segment investment income of $117 million, down 6 percent compared with last year Title Insurance and Services segment pretax margin of 5.5 percent, or 4.8 percent on an adjusted basis Includes a $6 million write-off of uncollectible balances Commercial revenues of $143 million, down 4 percent compared with last year Home Warranty segment pretax margin of 19.3 percent, or 18.8 percent on an adjusted basis Debt-to-capital ratio of 30.3 percent, or 22.5 percent excluding secured financings payable of $689 mill Show less Read more
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