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Jun 30, 2023
First American Q2 2023 Earnings Report
First American reported results with EPS of $1.33 and total revenue of $1.6 billion for Q2 2023.
Key Takeaways
First American Financial Corporation announced financial results for the second quarter ended June 30, 2023, with a total revenue of $1.6 billion, a 20% decrease compared to the second quarter of 2022. Net income was $139 million, or $1.33 per diluted share, compared to $109 million, or $1.01 per diluted share, in the second quarter of 2022.
Earnings per diluted share of $1.33, or $1.35 per share on an adjusted basis
Total revenue of $1.6 billion, down 20 percent compared with last year
Title Insurance and Services segment total revenues of $1.5 billion, down 25 percent
Title Insurance and Services segment investment income of $142 million, up 105 percent compared with last year
First American
First American
First American Revenue by Segment
Revenue by Segment
Title Insurance and Services Revenue
CapyFin.comHome Warranty Revenue
CapyFin.com Forward Guidance
First American anticipates improvements in transaction activity and revenue in the commercial market during the second half of the year, consistent with normal seasonal patterns.
Revenue & Expenses
Visualization of income flow from segment revenue to net income