First American Financial Corp

FAF 10-K · FY 2025

FAF FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Premiums Earned Net And Escrow Fee Revenue 2,762.7 2,446 +12.9%
Show Business Segments breakouts
Home warranty · Operating Segments 415.2 397.8 +4.4%
Title Insurance and Services · Operating Segments 2,347.5 2,048.3 +14.6%
Show Consolidation Items breakouts
Operating Segments 2,762.7 2,446 +12.9%
Premiums Earned By Agents Net 2,959.4 2,561.9 +15.5%
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Title Insurance and Services · Operating Segments 2,959.4 2,561.9 +15.5%
Show Consolidation Items breakouts
Operating Segments 2,959.4 2,561.9 +15.5%
Information And Other Fees Earned 1,088.2 960.8 +13.3%
Show Business Segments breakouts
Corporate And Eliminations [Member] · Operating Segments 14.7 0.1 +14600.0%
Home warranty · Operating Segments 23 22.5 +2.2%
Title Insurance and Services · Operating Segments 1,050.5 938.2 +12.0%
Show Consolidated Entities breakouts
Parent Company 14.8
Show Consolidation Items breakouts
Operating Segments 1,088.2 960.8 +13.3%
Net Investment Income 621 561 +10.7%
Show Business Segments breakouts
Corporate And Eliminations [Member] · Operating Segments 21.2 22.7 -6.6%
Home warranty · Operating Segments 5 4 +25.0%
Title Insurance and Services · Operating Segments 594.8 534.3 +11.3%
Show Consolidation Items breakouts
Operating Segments 621 561 +10.7%
Gain Loss On Investments 20.9 -401.6 +105.2%
Revenue 7,452.2 6,128.1 +21.6%
Show Business Segments breakouts
Corporate And Eliminations [Member] · Operating Segments 31.6 -34.9 +190.5%
Corporate · Operating Segments 31.7 -33.4 +194.9%
Home warranty · Operating Segments 442.9 425.7 +4.0%
Title Insurance and Services · Non Us 527.5 421.4 +25.2%
Title Insurance and Services · Operating Segments 6,977.7 5,737.3 +21.6%
Title Insurance and Services · US 6,450.3 5,314.6 +21.4%
Show Consolidated Entities breakouts
Parent Company 612.2 154.8 +295.5%
Show Consolidation Items breakouts
Intersegment Elimination -0.1 -1.5 +93.3%
Operating Segments 7,452.3 6,129.6 +21.6%
Labor And Related Expense 2,260 2,059.4 +9.7%
Show Business Segments breakouts
Corporate · Operating Segments 44.4 24.9 +78.3%
Home warranty · Operating Segments 84.1 81.2 +3.6%
Title Insurance and Services · Operating Segments 2,131.4 1,953.2 +9.1%
Show Consolidation Items breakouts
Operating Segments 2,259.9 2,059.3 +9.7%
Insurance Commissions 2,374 2,044.6 +16.1%
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Title Insurance and Services · Operating Segments 2,374 2,044.6 +16.1%
Show Consolidation Items breakouts
Operating Segments 2,374 2,044.6 +16.1%
Other Cost And Expense Operating 1,210.6 1,113.4 +8.7%
Show Business Segments breakouts
Corporate · Operating Segments 38.5 35.2 +9.4%
Home warranty · Operating Segments 90.4 86 +5.1%
Title Insurance and Services · Operating Segments 1,081.7 992.5 +9.0%
Show Consolidation Items breakouts
Operating Segments 1,210.6 1,113.7 +8.7%
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1 326.6 320 +2.1%
Show Business Segments breakouts
Corporate · Operating Segments -4.4 -2.7 -63.0%
Home warranty · Operating Segments 171.9 184.4 -6.8%
Title Insurance and Services · Operating Segments 159.2 138.3 +15.1%
Show Consolidation Items breakouts
Operating Segments 326.7 320 +2.1%
Depreciation And Amortization 216.2 207.4 +4.2%
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Corporate · Operating Segments 0.1 0.1 0.0%
Home warranty · Operating Segments 5.3 5.1 +3.9%
Title Insurance and Services · Operating Segments 210.8 202.2 +4.3%
Show Consolidation Items breakouts
Operating Segments 216.2 207.4 +4.2%
Premium Taxes 81.6 68.3 +19.5%
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Home warranty · Operating Segments 4.7 4.6 +2.2%
Title Insurance and Services · Operating Segments 77 63.7 +20.9%
Show Consolidation Items breakouts
Operating Segments 81.7 68.3 +19.6%
Interest Expense 157 149.6 +4.9%
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Corporate · Operating Segments 60.8 54.3 +12.0%
Title Insurance and Services · Operating Segments 96.2 96.6 -0.4%
Show Consolidation Items breakouts
Operating Segments 157 150.9 +4.0%
Total Costs & Expenses 6,626 5,962.7 +11.1%
Income Before Taxes 826.2 165.4 +399.5%
Show Business Segments breakouts
Corporate · Operating Segments -107.7 -145.2 +25.8%
Home warranty · Operating Segments 86.5 64.4 +34.3%
Title Insurance and Services · Operating Segments 847.4 246.2 +244.2%
Show Consolidation Items breakouts
Intersegment Elimination 0.1 1.5 -93.3%
Operating Segments 826.1 163.9 +404.0%
Income Tax Expense (Benefit) 201 32.8 +512.8%
Show Consolidated Entities breakouts
Parent Company 121.9 13.2 +823.5%
Net Income 625.2 132.6 +371.5%
Show Equity Components breakouts
Noncontrolling Interest 3.4 1.5 +126.7%
Parent 621.8 131.1 +374.3%
Retained Earnings 621.8 131.1 +374.3%
Show Consolidated Entities breakouts
Parent Company 625.2 132.6 +371.5%
Net Income Loss Attributable To Noncontrolling Interest 3.4 1.5 +126.7%
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Parent Company 3.4 1.5 +126.7%
Net Income 621.8 131.1 +374.3%
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Parent Company 621.8 131.1 +374.3%
EPS (Basic) 6.02 1.26 +377.8%
EPS (Diluted) 6 1.26 +376.2%
Common Stock Dividends Per Share Declared 2.18 2.14 +1.9%
Wtd Avg Shares (Basic) 103.3 103.9 -0.6%
Wtd Avg Shares (Diluted) 103.7 104.3 -0.6%
Comprehensive Income 861.5 290.5 +196.6%
Show Consolidated Entities breakouts
Parent Company 861.5 290.5 +196.6%
Other Expenses (FY)
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Parent Company 111.1 88.6 +25.4%
Premiums Earned Net (FY)
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Title Insurance and Services 5,306.9 4,610.2 +15.1%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 1,387.3 1,718.1 -19.3%
Show Consolidated Entities breakouts
Parent Company 338.9 196.2 +72.7%
Show Consolidation Items breakouts
Intersegment Elimination 366.3 206 +77.8%
Non-Current Assets
Property, Plant & Equipment 682.3 745.1 -8.4%
Operating Lease Right-of-Use Assets 205.7 214.7 -4.2%
Deferred Tax Assets 9.4 43.8 -78.5%
Show Consolidated Entities breakouts
Parent Company 9.4 43.8 -78.5%
Goodwill 1,819.3 1,804.3 +0.8%
Show Business Segments breakouts
Home Warranty 40.9 40.9 0.0%
Title Insurance and Services 1,778.4 1,763.4 +0.9%
Total Assets 16,228.8 14,908.6 +8.9%
Show Business Segments breakouts
Corporate · Operating Segments 911.9 754.6 +20.8%
Home warranty · Operating Segments 395.3 370.4 +6.7%
Title Insurance and Services · Operating Segments 15,287.9 13,989.6 +9.3%
Show Consolidated Entities breakouts
Parent Company 7,825.4 7,015.1 +11.6%
Show Consolidation Items breakouts
Intersegment Elimination -366.3 -206 -77.8%
Operating Segments 16,595.1 15,114.6 +9.8%
Intangible Assets 83.1 108.3 -23.3%
Other Assets
Accounts And Accrued Income Receivable Net 432.6 374.8 +15.4%
Income Tax Receivable 65 61.3 +6.0%
Show Consolidated Entities breakouts
Parent Company 65 61.3 +6.0%
Equity Securities 849.1 691.3 +22.8%
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Parent Company 6.2 14.6 -57.5%
Investments 9,394.3 8,042.6 +16.8%
Secured Financings Receivable 986.1 690 +42.9%
Title Plants And Other Indexes 686.7 673.9 +1.9%
Intangible Assets Net Excluding Goodwill 100 125.2 -20.1%
Other Assets 460.1 414.8 +10.9%
Show Consolidated Entities breakouts
Parent Company 171.4 162.1 +5.7%
Non-Current Liabilities
Accounts Payable Current And Noncurrent 47.7 66.7 -28.5%
Employee Related Liabilities Current And Noncurrent 317.6 278.1 +14.2%
Accrued Pension Costs And Other Retirement Plans Current And Noncurrent 444.5 425.2 +4.5%
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Parent Company 367.6 354.4 +3.7%
Accounts Payable And Accrued Liabilities Current And Noncurrent 1,002.7 943.3 +6.3%
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Parent Company 40.5 32 +26.6%
Taxes Payable Current And Noncurrent 42.7 27 +58.1%
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Parent Company 42.7 27 +58.1%
Deferred Tax Liabilities 312.7 139.1 +124.8%
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Parent Company 312.7 139.1 +124.8%
Total Liabilities 10,704.5 9,981.6 +7.2%
Show Consolidated Entities breakouts
Parent Company 2,301.1 2,088.1 +10.2%
Other Liabilities
Deposits With Banks 78.5 85.4 -8.1%
Available For Sale Securities Debt Securities 8,466.7 7,265.9 +16.5%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 8,466.7 7,265.9 +16.5%
Fair Value Inputs Level2 · Domestic Corporate Debt Securities 1,034.8 925.6 +11.8%
Fair Value Inputs Level2 · Foreign Corporate Debt Securities 471.2 484.5 -2.7%
Fair Value Inputs Level2 · Foreign Government Debt Securities 235.2 211.6 +11.2%
Fair Value Inputs Level2 · Mortgage Backed Securities Issued By US Government Sponsored Enterprises 5,260.8 4,502.3 +16.8%
Fair Value Inputs Level2 · Municipal Bonds 960.1 776.5 +23.6%
Fair Value Inputs Level2 · US Government Agencies Debt Securities 261 189.8 +37.5%
Fair Value Inputs Level2 · US Treasury Bond Securities 243.6 175.6 +38.7%
Show Financial Instrument breakouts
Bank Loan Obligations 49
Bank Loan Obligations · External Credit Rating Non Investment Grade 46.5
Debt Securities Excluding Mortgage Backed Securities 3,205.9
Domestic Corporate Debt Securities 1,034.8 925.6 +11.8%
Domestic Corporate Debt Securities · A- or higher 645.9
Domestic Corporate Debt Securities · BBB+ to BBB- 312.5
Domestic Corporate Debt Securities · External Credit Rating Non Investment Grade 76.4
Emerging Market Securities 30.7
Emerging Market Securities · External Credit Rating Non Investment Grade 3.1
Foreign Corporate Debt Securities 471.2 484.5 -2.7%
Foreign Corporate Debt Securities · A- or higher 277.8
Foreign Corporate Debt Securities · BBB+ to BBB- 179.3
Foreign Corporate Debt Securities · External Credit Rating Non Investment Grade 14.1
Foreign Government Debt Securities 235.2 211.6 +11.2%
Foreign Government Debt Securities · A- or higher 228.5
Foreign Government Debt Securities · BBB+ to BBB- 5.9
Foreign Government Debt Securities · External Credit Rating Non Investment Grade 0.8
High Yield Corporate Debt Securities · External Credit Rating Non Investment Grade 41.7
Mortgage Backed Securities Issued By US Government Sponsored Enterprises 5,260.8 4,502.3 +16.8%
Mortgage Backed Securities Issued By US Government Sponsored Enterprises · A- or higher 5,260.8
Municipal Bonds 960.1 776.5 +23.6%
Municipal Bonds · A- or higher 938.5
Municipal Bonds · BBB+ to BBB- 20.3
Municipal Bonds · External Credit Rating Non Investment Grade 1.3
US Government Agencies Debt Securities 261 189.8 +37.5%
US Government Agencies Debt Securities · A- or higher 261
US Treasury Bond Securities 243.6 175.6 +38.7%
US Treasury Bond Securities · A- or higher 243.6
Show External Credit Rating By Grade Type breakouts
A- or higher · External Credit Rating Investment Grade 7,856.1
BBB+ to BBB- · External Credit Rating Investment Grade 518
Show External Credit Rating By Grouping breakouts
External Credit Rating Non Investment Grade 92.6
Deposits 5,292.7 5,048.1 +4.8%
Other Current And Non Current Liabilities 192.9 173.3 +11.3%
Unearned Premiums 214 210.4 +1.7%
Liability For Claims And Claims Adjustment Expense 1,169.6 1,193.4 -2.0%
Show Product Lines breakouts
Title Insurance Segment 1,150.5 1,164.7 -1.2%
Operating Lease Liability 218.2 229.9 -5.1%
Secured Financings Payable 906.5 643.8 +40.8%
Debt And Capital Lease Obligations 1,545.4 1,546.6 -0.1%
Show Consolidated Entities breakouts
Parent Company 1,537.6 1,535.6 +0.1%
Commitments And Contingencies (Q)
Show Consolidated Entities breakouts
Parent Company 0 0
Stockholders' Equity
Additional Paid In Capital Common Stock 1,744.4 1,787.6 -2.4%
Show Consolidated Entities breakouts
Parent Company 1,744.4 1,787.6 -2.4%
Retained Earnings 4,011.8 3,617.3 +10.9%
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Parent Company 4,011.8 3,617.3 +10.9%
Accumulated Other Comprehensive Income -256.7 -496.4 +48.3%
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Parent Company -256.7 -496.4 +48.3%
Total Stockholders' Equity 5,499.5 4,908.5 +12.0%
Show Consolidated Entities breakouts
Parent Company 5,499.5 4,908.5 +12.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 5,524.3 4,927 +12.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Transition Asset Obligation -32.8 -31.7 -3.5%
Accumulated Net Unrealized Investment Gain Loss -147.6 -353.7 +58.3%
Accumulated Other Comprehensive Income -256.7 -496.4 +48.3%
Accumulated Translation Adjustment -76.3 -111 +31.3%
Additional Paid In Capital 1,744.4 1,787.6 -2.4%
Noncontrolling Interest 24.8 18.5 +34.1%
Parent 5,499.5 4,908.5 +12.0%
Retained Earnings 4,011.8 3,617.3 +10.9%
Show Consolidated Entities breakouts
Parent Company 5,524.3 4,927 +12.1%
Total Liabilities & Equity 16,228.8 14,908.6 +8.9%
Show Consolidated Entities breakouts
Parent Company 7,825.4 7,015.1 +11.6%
Minority Interest 24.8 18.5 +34.1%
Show Consolidated Entities breakouts
Parent Company 24.8 18.5 +34.1%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Accretion Amortization Of Discounts And Premiums Investments -45.2 -3 -1406.7%
Stock-Based Compensation 68.4 52 +31.5%
Income Loss From Equity Method Investments -7.2 -7.4 +2.7%
Equity Method Investment Dividends Or Distributions 9.9 6.4 +54.7%
Claims Paid Including Assets Acquired Net Of Recoveries -358.4 -397.8 +9.9%
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable 149.6 35.2 +325.0%
Increase Decrease In Accounts And Other Receivables -57.4 126.2 -145.5%
Increase Decrease In Accounts Payable And Accrued Liabilities 74.8 45.9 +63.0%
Increase Decrease In Unearned Premiums 3.3 13.7 -75.9%
Other Operating Activities Cash Flow Statement -34.1 -35.3 +3.4%
Net Cash from Operations 950.8 897.5 +5.9%
Show Consolidated Entities breakouts
Parent Company 631.9 221.8 +184.9%
Deferred Income Taxes 137.8 10.1 +1264.4%
Investing Activities
Payments For Proceeds From Businesses And Interest In Affiliates -2.5 -16.4 +84.8%
Increase Decrease In Deposits With Banks 9.5 -35 +127.1%
Purchases of Investments -2,857.9 -6,298.8 +54.6%
Proceeds From Sale Of Available For Sale Securities Debt 1,263.3 5,462.9 -76.9%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 688.4 675.5 +1.9%
Payments To Acquire Equity Securities -115.2 -44.7 -157.7%
Proceeds From Sale Of Equity Securities 50.8 69.1 -26.5%
Payments For Proceeds From Longterm Investments -11.3 -7.6 -48.7%
Payments For Advances Under Secured Financing Agreements -45,342.1 -29,164.2 -55.5%
Proceeds From Collections Of Secured Financings Receivable 45,046 29,114.2 +54.7%
Payments To Acquire Productive Assets -188.3 -218.3 +13.7%
Proceeds From Sale Of Property Plant And Equipment 0.6 0.6 0.0%
Proceeds From Insurance Settlement Investing Activities 2.8 4 -30.0%
Net Cash from Investing -1,455.9 -458.7 -217.4%
Show Consolidated Entities breakouts
Parent Company -150.9 -66.8 -125.9%
Financing Activities
Increase Decrease In Deposits 244.6 -2,259.9 +110.8%
Proceeds From Borrowings Under Secured Financing Agreements 44,061.6 28,408.3 +55.1%
Repayments Of Secured Financings Payable -43,799.8 -28,317.8 -54.7%
Repayments Of Long Term Debt -3.7 -4.2 +11.9%
Proceeds From Payments To Minority Shareholders -3.2 2.5 -228.0%
Proceeds Payments Related To Shares Issued In Connection With Restricted Stock Unit Option And Benefit Plans 7 6.9 +1.4%
Show Consolidated Entities breakouts
Parent Company 7 6.9 +1.4%
Share Repurchases -122.3 -68.5 -78.5%
Show Consolidated Entities breakouts
Parent Company -122.3 -68.5 -78.5%
Payments Of Dividends -223 -220.7 -1.0%
Show Consolidated Entities breakouts
Parent Company -223 -220.7 -1.0%
Net Cash from Financing 161.2 -2,309.4 +107.0%
Show Consolidated Entities breakouts
Parent Company -338.3 -138.1 -145.0%
Supplemental
Interest Paid 151.9 150.6 +0.9%
Cash Paid For Premium Taxes 73.7 57.3 +28.6%
Income Taxes Paid 67.1 22.1 +203.6%
Proceeds From Income Tax Refunds -15.6 -23.6 +33.9%
Income Taxes Paid 51.5 -1.5 +3533.3%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 13.1 -16.6 +178.9%
Net Change in Cash -330.8 -1,887.2 +82.5%
Show Consolidated Entities breakouts
Parent Company 142.7 16.9 +744.4%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,387.3 1,718.1 -19.3%
Show Consolidated Entities breakouts
Parent Company 338.9 196.2 +72.7%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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