First American Financial Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), First American Financial Corp reported revenue of $7.5B (+21.6% year on year) and net income of $625.2M (+371.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Direct premiums and escrow fees | $2.8B | $2.4B | $2.3B | $3.1B |
| Agent premiums | $3.0B | $2.6B | $2.4B | $3.5B |
| Information and other | $1.1B | $960.8M | $938.5M | $1.1B |
| Net investment income | $621.0M | $561.0M | $570.0M | $340.0M |
| Net investment gains (losses) (realized of $(11.4), $(335.1), $(80.9)) | $20.9M | ($401.6M) | ($206.4M) | — |
| Total revenues | $7.5B | $6.1B | $6.0B | $7.6B |
| Personnel costs | $2.3B | $2.1B | $2.0B | $2.3B |
| Premiums retained by agents | $2.4B | $2.0B | $2.0B | $2.8B |
| Other operating expenses | $1.2B | $1.1B | $1.1B | $1.3B |
| Provision for policy losses and other claims | $326.6M | $320.0M | $336.3M | $486.0M |
| Depreciation and amortization | $216.2M | $207.4M | $188.5M | $167.0M |
| Premium taxes | $81.6M | $68.3M | $63.5M | $91.0M |
| Interest | $157.0M | $149.6M | $132.5M | $93.0M |
| Total expenses | $6.6B | $6.0B | $5.7B | $7.3B |
| Income before income taxes | $826.2M | $165.4M | $274.4M | $326.0M |
| Income taxes | $201.0M | $32.8M | $58.9M | $61.0M |
| Net income | $625.2M | $132.6M | $215.5M | $265.0M |
| Less: Net income (loss) attributable to noncontrolling interests | $3.4M | $1.5M | ($1.3M) | $2.0M |
| Net income attributable to the Company | $621.8M | $131.1M | $216.8M | $263.0M |
| Basic | $6.02 | $1.26 | $2.08 | $2.46 |
| Diluted | $6.00 | $1.26 | $2.07 | $2.45 |
| Cash dividends per share | $2.18 | $2.14 | $2.10 | $2.06 |
| Basic | 103.3M | 103.9M | 104.3M | 107.0M |
| Diluted | 103.7M | 104.3M | 104.6M | 107.3M |
| Line item | Sep 30, 2026 · Q3 | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 |
|---|---|---|---|---|
| Direct premiums and escrow fees | $749.8M | $794.1M | $660.2M | $708.0M |
| Agent premiums | $868.4M | $819.7M | $759.4M | $798.8M |
| Information and other | $297.9M | $307.8M | $275.1M | $282.0M |
| Net investment income | $170.1M | $183.7M | $152.4M | $163.8M |
| Net investment gains (losses) (realized losses of $(1.4), $(2.0), $(4.2), $(8.9)) | ($1.6M) | $12.0M | ($9.1M) | $26.3M |
| Total revenues | $2.1B | $2.1B | $1.8B | $2.0B |
| Personnel costs | $597.4M | $614.3M | $568.2M | $574.9M |
| Premiums retained by agents | $695.6M | $658.6M | $602.2M | $640.1M |
| Other operating expenses | $343.6M | $352.1M | $310.4M | $309.2M |
| Provision for policy losses and other claims | $95.1M | $87.3M | $77.8M | $90.8M |
| Depreciation and amortization | $54.7M | $53.6M | $54.6M | $54.8M |
| Premium taxes | $24.2M | $21.8M | $21.1M | $22.2M |
| Interest | $46.4M | $45.7M | $41.9M | $39.9M |
| Total expenses | $1.9B | $1.8B | $1.7B | $1.7B |
| Income before income taxes | $227.6M | $283.9M | $161.8M | $247.0M |
| Income taxes | $51.0M | $64.8M | $37.0M | $57.1M |
| Net income | $176.6M | $219.1M | $124.8M | $189.9M |
| Less: Net income (loss) attributable to noncontrolling | ($400.0K) | $600.0K | ($300.0K) | $300.0K |
| Net income attributable to the Company | $177.0M | $218.5M | $125.1M | $189.6M |
| Basic | $1.72 | $2.13 | $1.21 | $1.84 |
| Diluted | $1.72 | $2.12 | $1.21 | $1.84 |
| Cash dividends per share | $0.61 | $0.55 | $0.55 | $0.55 |
| Basic | 102.7M | 102.6M | 103.0M | 102.8M |
| Diluted | 103.2M | 103.0M | 103.3M | 103.1M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $1.4B | $1.7B | $3.6B | $1.2B |
| Accounts and accrued income receivable, less allowances for credit losses of $23.9 and $21.5 | $432.6M | $374.8M | $509.4M | $367.0M |
| Income taxes receivable | $65.0M | $61.3M | $75.7M | $22.0M |
| Deposits with banks | $78.5M | $85.4M | $55.8M | $63.0M |
| Debt securities (amortized cost of $8,656.7 and $7,730.9; pledged of $170.3 and $92.4) | $8.5B | $7.3B | $7.2B | $8.2B |
| Equity securities | $849.1M | $691.3M | $735.6M | $754.0M |
| Investments, Total | $9.4B | $8.0B | $7.9B | $9.0B |
| Secured financings receivable | $986.1M | $690.0M | $636.5M | $423.0M |
| Property and equipment, net | $682.3M | $745.1M | $749.6M | $637.0M |
| Operating lease assets | $205.7M | $214.7M | $229.3M | $248.0M |
| Title plants and other indexes | $686.7M | $673.9M | $652.4M | $640.0M |
| Deferred income taxes | $9.4M | $43.8M | $50.1M | $54.0M |
| Goodwill | $1.8B | $1.8B | $1.8B | $1.8B |
| Other intangible assets, net | $100.0M | $125.2M | $153.8M | $194.0M |
| Other assets | $460.1M | $414.8M | $384.3M | $361.0M |
| Total assets | $16.2B | $14.9B | $16.8B | $15.0B |
| Deposits | $5.3B | $5.0B | $7.3B | $5.5B |
| Accounts payable | $47.7M | $66.7M | $63.3M | $51.0M |
| Personnel costs | $317.6M | $278.1M | $256.6M | $299.0M |
| Pension costs and other retirement plans | $444.5M | $425.2M | $399.2M | $381.0M |
| Other | $192.9M | $173.3M | $160.4M | $184.0M |
| Accounts payable and accrued liabilities | $1.0B | $943.3M | $879.5M | $915.0M |
| Deferred revenue | $214.0M | $210.4M | $196.8M | $197.0M |
| Reserve for known and incurred but not reported claims | $1.2B | $1.2B | $1.3B | $1.3B |
| Income taxes payable | $42.7M | $27.0M | $15.9M | $10.0M |
| Deferred income taxes | $312.7M | $139.1M | $63.6M | $19.0M |
| Operating lease liabilities | $218.2M | $229.9M | $246.6M | $269.0M |
| Secured financings payable | $906.5M | $643.8M | $553.3M | $366.0M |
| Notes and contracts payable | $1.5B | $1.5B | $1.4B | $1.6B |
| Total liabilities | $10.7B | $10.0B | $11.9B | $10.3B |
| Preferred stock, $0.00001 par value; Authorized—0.5 shares; Outstanding—none | 0 | 0 | 0 | 0 |
| Common stock, $0.00001 par value; Authorized-300.0 shares; Outstanding-102.0 shares and 103.0 shares | 0 | 0 | 0 | 0 |
| Additional paid-in capital | $1.7B | $1.8B | $1.8B | $1.8B |
| Retained earnings | $4.0B | $3.6B | $3.7B | $3.7B |
| Accumulated other comprehensive loss | ($256.7M) | ($496.4M) | ($655.8M) | ($868.0M) |
| Total stockholders’ equity | $5.5B | $4.9B | $4.8B | $4.7B |
| Noncontrolling interests | $24.8M | $18.5M | $14.7M | $23.0M |
| Total equity | $5.5B | $4.9B | $4.9B | $4.7B |
| Total liabilities and equity | $16.2B | $14.9B | $16.8B | $15.0B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.7B | $2.6B | $2.4B | $2.9B |
| Accounts and accrued income receivable, less allowance for credit losses of $23.6 and $23.9 | $456.1M | $447.9M | $398.0M | $446.7M |
| Income taxes receivable | $175.8M | $35.4M | $54.4M | $20.3M |
| Deposits with banks | $106.8M | $103.3M | $81.9M | $80.0M |
| Debt securities (amortized cost of $10,535.2 and $8,656.7; pledged of $154.8 and $170.3) | $9.8B | $9.8B | $9.0B | $8.2B |
| Equity securities | $868.1M | $855.7M | $870.2M | $742.4M |
| Investments, Total | $10.7B | $10.7B | $9.9B | $9.1B |
| Secured financings receivable | $930.3M | $1.2B | $1.2B | $1.2B |
| Property and equipment, net | $655.6M | $662.6M | $671.9M | $693.4M |
| Operating lease assets | $184.5M | $195.2M | $195.0M | $208.9M |
| Title plants and other indexes | $694.2M | $690.2M | $687.4M | $684.3M |
| Deferred income taxes | $9.4M | $9.4M | $9.4M | $43.8M |
| Goodwill | $1.8B | $1.8B | $1.8B | $1.8B |
| Other intangible assets, net | $77.3M | $85.4M | $95.0M | $106.4M |
| Other assets | $512.7M | $485.9M | $448.2M | $434.6M |
| Total assets | $18.0B | $18.9B | $17.9B | $17.6B |
| Deposits | $7.3B | $7.9B | $7.1B | $6.8B |
| Accounts payable and accrued liabilities | $1.0B | $902.1M | $792.6M | $946.8M |
| Deferred revenue | $226.7M | $208.3M | $199.3M | $221.7M |
| Reserve for known and incurred but not reported claims | $1.1B | $1.2B | $1.2B | $1.2B |
| Income taxes payable | $39.3M | $55.4M | $41.0M | $134.7M |
| Deferred income taxes | $312.7M | $312.7M | $312.7M | $139.1M |
| Operating lease liabilities | $198.2M | $206.2M | $206.7M | $221.4M |
| Secured financings payable | $807.5M | $1.0B | $1.1B | $1.1B |
| Notes and contracts payable | $1.5B | $1.5B | $1.5B | $1.5B |
| Total liabilities | $12.6B | $13.3B | $12.4B | $12.3B |
| Preferred stock, $0.00001 par value; Authorized—0.5 shares; Outstanding—none | 0 | 0 | 0 | 0 |
| Common stock, $0.00001 par value; Authorized - 300.0 shares; Outstanding - 102.2 shares and 102.0 shares | 0 | 0 | 0 | 0 |
| Additional paid-in capital | $1.7B | $1.7B | $1.7B | $1.7B |
| Retained earnings | $4.4B | $4.2B | $4.1B | $3.9B |
| Accumulated other comprehensive loss | ($709.2M) | ($348.0M) | ($322.5M) | ($286.2M) |
| Total stockholders’ equity | $5.4B | $5.6B | $5.5B | $5.3B |
| Noncontrolling interests | $21.3M | $23.0M | $22.6M | $24.1M |
| Total equity | $5.4B | $5.6B | $5.5B | $5.3B |
| Total liabilities and equity | $18.0B | $18.9B | $17.9B | $17.6B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $625.2M | $132.6M | $215.5M | $265.0M |
| Provision for policy losses and other claims | $326.6M | $320.0M | $336.3M | $486.0M |
| Depreciation and amortization | $216.2M | $207.4M | $188.5M | $167.0M |
| Amortization of premiums and accretion of discounts on debt securities, net | ($45.2M) | ($3.0M) | $8.6M | $19.0M |
| Net investment losses | ($20.9M) | $401.6M | $206.4M | — |
| Share-based compensation | $68.4M | $52.0M | $49.1M | $67.0M |
| Equity in earnings of affiliates, net | ($7.2M) | ($7.4M) | ($5.4M) | ($11.0M) |
| Dividends from equity method investments | $9.9M | $6.4M | $6.5M | $11.0M |
| Claims paid, including assets acquired, net of recoveries | ($358.4M) | ($397.8M) | ($381.8M) | ($434.0M) |
| Net change in income tax accounts | $149.6M | $35.2M | ($60.8M) | ($130.0M) |
| (Increase) decrease in accounts and accrued income receivable | ($57.4M) | $126.2M | ($159.1M) | $83.0M |
| Increase (decrease) in accounts payable and accrued liabilities | $74.8M | $45.9M | ($51.9M) | ($266.0M) |
| Increase (decrease) in deferred revenue | $3.3M | $13.7M | ($100.0K) | ($28.0M) |
| Other, net | ($34.1M) | ($35.3M) | $2.5M | $35.0M |
| Cash provided by operating activities | $950.8M | $897.5M | $354.3M | $780.0M |
| Acquisitions/dispositions, net of cash acquired/divested | ($2.5M) | ($16.4M) | ($24.7M) | ($278.0M) |
| Net decrease (increase) in deposits with banks | $9.5M | ($35.0M) | $7.9M | ($8.0M) |
| Purchases of debt securities | ($2.9B) | ($6.3B) | ($1.3B) | ($3.0B) |
| Proceeds from sales of debt securities | $1.3B | $5.5B | $1.7B | $1.8B |
| Proceeds from maturities of debt securities | $688.4M | $675.5M | $812.3M | $1.2B |
| Purchases of equity securities | ($115.2M) | ($44.7M) | ($170.7M) | ($157.0M) |
| Proceeds from sales of equity securities | $50.8M | $69.1M | $71.0M | $241.0M |
| Net change in other investments | ($11.3M) | ($7.6M) | ($11.6M) | ($7.0M) |
| Advances under secured financing agreements | ($45.3B) | ($29.2B) | ($13.3B) | ($15.7B) |
| Collections of secured financings receivable | $45.0B | $29.1B | $13.1B | $15.8B |
| Capital expenditures | ($188.3M) | ($218.3M) | ($263.4M) | ($260.0M) |
| Proceeds from sales of property and equipment | $600.0K | $600.0K | $100.0K | $7.0M |
| Proceeds from insurance settlement | $2.8M | $4.0M | $2.2M | $3.0M |
| Cash (used for) provided by investing activities | ($1.5B) | ($458.7M) | $599.5M | ($395.0M) |
| Net change in deposits | $244.6M | ($2.3B) | $1.8B | $451.0M |
| Borrowings under secured financing agreements | $44.1B | $28.4B | $13.4B | $15.5B |
| Repayments of secured financings payable | ($43.8B) | ($28.3B) | ($13.2B) | ($15.7B) |
| Net proceeds from issuance of unsecured senior notes | $0 | $444.0M | $0 | $0 |
| Repayment of senior unsecured notes | $0 | ($300.0M) | ($250.0M) | — |
| Repayments of other notes and contracts payable | ($3.7M) | ($4.2M) | ($6.2M) | ($7.0M) |
| Net activity related to noncontrolling interests | ($3.2M) | $2.5M | ($7.1M) | ($2.0M) |
| Net proceeds in connection with share-based compensation | 7.0M | 6.9M | 400.0K | 2.0M |
| Repurchases of Company shares | -122.3M | -68.5M | -72.7M | -441.0M |
| Payments of cash dividends | ($223.0M) | ($220.7M) | ($216.6M) | ($217.0M) |
| Cash provided by (used for) financing activities | $161.2M | ($2.3B) | $1.4B | ($376.0M) |
| Effect of exchange rate changes on cash | $13.1M | ($16.6M) | $4.9M | ($13.0M) |
| Net (decrease) increase in cash and cash equivalents | ($330.8M) | ($1.9B) | $2.4B | ($4.0M) |
| Cash and cash equivalents—Beginning of year | $1.7B | $3.6B | $1.2B | $1.2B |
| Cash and cash equivalents—End of year | $1.4B | $1.7B | $3.6B | $1.2B |
| Interest | $151.9M | $150.6M | $124.2M | $87.0M |
| Line item | Sep 30, 2026 · YTD | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $520.5M | $343.9M | $124.8M | $411.8M |
| Provision for policy losses and other claims | $260.2M | $165.1M | $77.8M | $242.8M |
| Depreciation and amortization | $162.9M | $108.2M | $54.6M | $160.3M |
| Amortization of premiums and accretion of discounts on debt securities, net | ($45.5M) | ($27.1M) | ($12.8M) | ($34.0M) |
| Net investment gains | ($1.3M) | ($2.9M) | $9.1M | ($5.8M) |
| Share-based compensation | $51.7M | $40.4M | $27.1M | $59.6M |
| Equity in earnings of affiliates, net | ($10.1M) | ($6.2M) | ($2.2M) | ($7.9M) |
| Dividends from equity method investments | $10.7M | $6.8M | $1.3M | $6.1M |
| Claims paid, including assets acquired, net of recoveries | ($287.1M) | ($180.3M) | ($77.7M) | ($261.4M) |
| Net change in income tax accounts | $32.4M | $67.8M | $26.5M | $85.7M |
| Increase in accounts and accrued income receivable | ($26.1M) | ($17.8M) | $32.6M | ($71.9M) |
| Decrease in accounts payable and accrued liabilities | ($59.5M) | ($113.0M) | ($246.9M) | ($3.4M) |
| Increase in deferred revenue | $12.7M | ($5.7M) | ($14.6M) | $11.0M |
| Other, net | ($21.3M) | ($17.0M) | $6.0M | ($11.4M) |
| Cash provided by operating activities | $600.2M | $362.2M | $5.6M | $581.5M |
| Acquisitions/dispositions, net of cash acquired/divested | ($200.0K) | ($200.0K) | ($200.0K) | ($2.4M) |
| Net (increase) decrease in deposits with banks | ($27.6M) | ($26.7M) | ($4.6M) | $8.0M |
| Purchases of debt securities | ($3.2B) | ($2.3B) | ($987.0M) | ($1.9B) |
| Proceeds from sales of debt securities | $782.8M | $543.7M | $267.3M | $747.4M |
| Proceeds from maturities of debt securities | $600.2M | $377.8M | $187.4M | $486.5M |
| Purchases of equity securities | ($48.2M) | ($34.6M) | ($29.7M) | ($31.9M) |
| Proceeds from sales of equity securities | $30.2M | $29.2M | $1.4M | $46.6M |
| Advances on notes receivable | ($38.1M) | — | — | — |
| Collections on notes receivable | $4.4M | — | — | — |
| Advances under secured financing agreements | ($40.8B) | ($29.6B) | ($15.6B) | ($30.1B) |
| Collections of secured financings receivable | $40.9B | $29.4B | $15.3B | $29.6B |
| Capital expenditures | ($118.9M) | ($77.5M) | ($38.3M) | ($143.5M) |
| Proceeds from sales of property and equipment | $0 | $400.0K | $0 | $600.0K |
| Proceeds from insurance settlement | $0 | $0 | $0 | $1.9M |
| Cash used for investing activities | ($2.0B) | ($1.7B) | ($815.7M) | ($1.3B) |
| Net change in deposits | $2.0B | $2.6B | $1.8B | $1.8B |
| Borrowings under secured financing agreements | $39.5B | $28.6B | $15.0B | $29.3B |
| Repayments of secured financings payable | ($39.6B) | ($28.5B) | ($14.9B) | ($28.9B) |
| Repayments of other notes and contracts payable | ($2.8M) | ($1.1M) | ($600.0K) | ($2.9M) |
| Net activity related to noncontrolling interests | ($3.4M) | ($2.1M) | ($1.9M) | ($2.4M) |
| Net (payments) proceeds in connection with share-based compensation | -2.3M | -5.1M | -6.6M | 2.9M |
| Repurchases of Company shares | -55.5M | -54.0M | -33.5M | -122.3M |
| Payments of cash dividends | ($112.3M) | ($112.3M) | ($56.2M) | ($167.0M) |
| Cash provided by financing activities | $1.7B | $2.5B | $1.9B | $1.9B |
| Effect of exchange rate changes on cash | ($2.6M) | ($4.4M) | ($3.7M) | $10.6M |
| Net increase in cash and cash equivalents | $343.8M | $1.2B | $1.0B | $1.2B |
| Cash and cash equivalents—Beginning of period | $1.4B | $1.4B | $1.4B | $1.7B |
| Cash and cash equivalents—End of period | $1.7B | $2.6B | $2.4B | $2.9B |
| Interest | $136.5M | $84.6M | $45.1M | $114.7M |
| Premium taxes | $77.5M | $56.2M | $32.2M | $61.4M |
First American Financial Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.