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Jun 30, 2021
First American Q2 2021 Earnings Report
Reported second quarter earnings with a revenue increase of 41 percent compared to last year.
Key Takeaways
First American Financial Corporation reported a strong second quarter with total revenue of $2.3 billion, a 41% increase year-over-year. Net income was $302.3 million, or $2.72 per diluted share, compared to $170.7 million, or $1.52 per diluted share, in the second quarter of 2020. The title segment posted a pretax margin of 19.1 percent, the highest in the company’s history.
Total revenue of $2.3 billion, up 41 percent compared with last year
Closed title orders up 7 percent, driven by growth in purchase and commercial orders, partially offset by lower refinance orders
Average revenue per order up 36 percent, primarily driven by an increase in average revenue per order for commercial transactions and by residential home price appreciation
Commercial revenues of $223.3 million, up 104 percent compared with last year
Revenue by Segment
Forward Guidance
First American will manage its capital to create long-term shareholder value, including continued investment to expand its position as the leading industry innovator.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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