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Jun 30, 2022
First American Q2 2022 Earnings Report
First American Financial's second quarter 2022 financial results were announced.
Key Takeaways
First American Financial Corporation reported a decrease in total revenue by 9% to $2.1 billion compared to the second quarter of 2021. Net income decreased to $109 million, or $1.01 per diluted share, from $302 million, or $2.72 per diluted share, in the same quarter of the previous year. Excluding net investment losses, total revenue increased by 1%.
Earnings per diluted share were $1.01, or $1.97 excluding 96 cents of net investment losses.
Total revenue was $2.1 billion, down 9 percent compared with last year; excluding net investment losses, total revenue was up 1 percent compared with last year.
Title Insurance and Services segment pretax margin was 11.7 percent, or 13.9 percent excluding net investment losses.
Commercial revenues were $289 million, up 30 percent compared with last year.
Revenue by Segment
Forward Guidance
First American is maintaining its focus on expense management and is committed to investing in strategic initiatives that support the company’s growth and operational efficiency.
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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