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Business Wire
23-07-2025
- Business
- Business Wire
First American Financial Reports Second Quarter 2025 Results
SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the second quarter ended June 30, 2025. "We are at the very beginning of the next real estate cycle and are poised to outperform given our unique assets and the productivity improvements we expect to achieve related to our investments in data, technology and AI." Share Current Quarter Highlights Earnings per diluted share of $1.41, or $1.53 per share on an adjusted basis Net investment losses of $10 million, or 7 cents per diluted share Purchase-related intangible amortization of $7 million, or 5 cents per diluted share Both earnings and adjusted earnings include a $13 million one-time expense related to executive separation costs, or 12 cents per diluted share, which is recorded in the corporate segment Total revenue of $1.8 billion, up 14 percent compared with last year Adjusted total revenue of $1.9 billion, up 14 percent compared with last year Title Insurance and Services segment investment income of $147 million, up 17 percent compared with last year Title Insurance and Services segment pretax margin of 12.6 percent, or 13.2 percent on an adjusted basis Commercial revenues of $234 million, up 33 percent compared with last year Home Warranty segment pretax margin of 20.2 percent, or 20.7 percent on an adjusted basis Debt-to-capital ratio of 32.1 percent, or 23.1 percent excluding secured financings payable of $884 million Cash flow from operations of $355 million compared with $266 million last year Repurchased 1,044,058 shares for a total of $61 million at an average price of $57.95 In the third quarter, through July 23, repurchased 577,036 shares for a total of $32 million at an average price of $56.19 In July, board of directors approved a new $300 million share repurchase authorization Total revenue for the second quarter of 2025 was $1.8 billion, up 14 percent compared with the second quarter of 2024. Net income in the current quarter was $146 million, or $1.41 per diluted share, compared with net income of $116 million, or $1.11 per diluted share, in the second quarter of 2024. Adjusted net income in the current quarter was $158 million, or $1.53 per diluted share, compared with $133 million, or $1.27 per diluted share, in the second quarter of last year. Both earnings and adjusted earnings include a $13 million one-time expense related to executive separation costs, or 12 cents per diluted share, which is recorded in the corporate segment. Net investment losses in the current quarter were $10 million, or 7 cents per diluted share, compared with net investment losses of $13 million, or 10 cents per diluted share, in the second quarter of last year. Purchase-related intangible amortization in the current quarter was $7 million, or 5 cents per diluted share, compared with $8 million, or 6 cents per diluted share, in the second quarter of last year. The effective tax rate this quarter was 24.6 percent. "Our second quarter performance was strong despite continued challenges in the U.S. housing market,' said Mark Seaton, chief executive officer at First American Financial Corporation. "The strength of our commercial business, growth in investment income and management of our cost structure enabled us to deliver an adjusted margin in our title segment of 13.2 percent. Our home warranty segment also posted another strong quarter with an adjusted pretax margin of 20.7 percent. 'This quarter, we ramped up our share repurchases and, in July, our board of directors approved a new $300 million share repurchase authorization. We are at the very beginning of the next real estate cycle and are poised to outperform given our unique assets and the productivity improvements we expect to achieve related to our investments in data, technology and AI." Title Insurance and Services Three Months Ended June 30, 2025 2024 Total revenues $ 1,722.9 $ 1,521.9 Income before taxes $ 216.7 $ 177.4 Pretax margin 12.6 % 11.7 % Adjusted pretax margin 13.2 % 11.9 % Title open orders (1) 179,500 169,600 Title closed orders (1) 131,100 124,700 U.S. Commercial Total revenues $ 234.2 $ 176.7 Open orders 27,900 25,300 Closed orders 15,300 15,100 Average revenue per order $ 15,300 $ 11,700 (1) U.S. direct title insurance orders only. Expand Total revenues for the Title Insurance and Services segment during the second quarter were $1.7 billion, up 13 percent compared with the same quarter of 2024. Total adjusted revenues in the current quarter were $1.7 billion, up 14 percent compared with last year. Direct premiums and escrow fees increased by 13 percent compared with the second quarter of last year, driven by an 8 percent increase in the average revenue per order closed and a 5 percent increase in the number of direct title orders closed in our domestic operations. The average revenue per direct title order increased to $4,112, primarily due to an increase in the average revenue per order for commercial transactions, partially offset by a shift in the mix to lower premium refinance transactions. Agent premiums, which are recorded on approximately a one-quarter lag relative to direct premiums, were up 16 percent compared with last year. Information and other revenues were $264 million during the quarter, up $23 million, or 10 percent, compared with last year. The increase was primarily due to the company's Canadian operations driven by higher refinance activity. Investment income was $147 million in the second quarter, up $21 million compared with the same quarter last year. The increase was primarily driven by higher interest income from the company's investment portfolio. Net investment losses were $5 million in the current quarter, compared with gains of $6 million in the second quarter of 2024. Net investment losses in the current quarter were primarily attributable to asset impairments that were largely offset by changes in the fair value of marketable equity securities. The net investment gains last year were primarily attributable to changes in the fair value of marketable equity securities, partly offset by losses on the sale of debt securities. Personnel costs were $523 million in the second quarter, up $37 million, or 8 percent compared with the same quarter of 2024. The increase in personnel costs was primarily attributable to incentive compensation expense resulting from higher revenue and profitability, and higher salary expense and employee benefit costs. Other operating expenses of $278 million in the current quarter were up $34 million, or 14 percent compared with the second quarter of 2024, primarily due to higher production expense driven by higher volumes. The provision for policy losses and other claims was $39 million in the second quarter, or 3.0 percent of title premiums and escrow fees, unchanged from the prior year. The second quarter rate reflects an ultimate loss rate of 3.75 percent for the current policy year and a net decrease of $10 million in the loss reserve estimate for prior policy years. Depreciation and amortization expense was $52 million in the second quarter, up $1 million, or 1 percent, compared with the same period last year, due to higher amortization of capitalized software from recently deployed digital settlement products. Interest expense was $23 million in the current quarter, down $1 million, or 3 percent compared with last year, primarily due to lower interest expense in the company's warehouse lending business. The Title Insurance and Services segment posted pretax income of $217 million in the second quarter, compared with pretax income of $177 million in the second quarter of 2024. Pretax margin was 12.6 percent in the current quarter, compared with 11.7 percent last year. Adjusted pretax margin was 13.2 percent in the current period, compared with 11.9 percent last year. Total revenues for the Home Warranty segment were $110 million in the second quarter, up 3 percent compared with last year. The segment posted pretax income of $22 million this quarter, up 35 percent compared with last year. The claim loss rate declined to 41 percent in the second quarter, compared with 46 percent last year, primarily due to lower claim frequency, partly offset by higher severity. Home Warranty's pretax margin was 20.2 percent this quarter, compared with 15.4 percent last year. Adjusted pretax margin was 20.7 percent this quarter, compared with 15.2 percent last year. Corporate The Corporate segment pretax loss, excluding net investment losses primarily related to changes in the fair value of marketable securities, was $40 million this quarter, up $17 million compared with the second quarter of last year. The higher loss in the current quarter was largely driven by a $13 million one-time expense related to executive separation costs. Teleconference/Webcast First American's second quarter 2025 results will be discussed in more detail on Thursday, July 24, 2025, at 11 a.m. EDT, via teleconference. The toll-free dial-in number is +1-877-407-8293. Callers from outside the United States may dial +1-201-689-8349. The live audio webcast of the call will be available on First American's website at An audio replay of the conference call will be available through Aug. 7, 2025, by dialing +1-201-612-7415 and using the conference ID 13754701. An audio archive of the call will also be available on First American's investor website. About First American First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $6.1 billion in 2024, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2025, First American was named one of the 100 Best Companies to Work For by Great Place to Work ® and Fortune Magazine for the tenth consecutive year. The company was named one of the 100 Best Workplaces for Innovators by Fast Company for the second consecutive year in 2024. More information about the company can be found at Website Disclosure First American posts information of interest to investors at This includes opened and closed title insurance order counts for its U.S. direct title insurance operations, which are posted approximately 10 to 12 days after the end of each month. Forward-Looking Statements Certain statements made in this press release and the related management commentary contain, and responses to investor questions may contain, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and may contain the words 'believe,' 'anticipate,' 'expect,' 'intend,' 'plan,' 'predict,' 'estimate,' 'project,' 'will be,' 'will continue,' 'will likely result,' or other similar words and phrases or future or conditional verbs such as 'will,' 'may,' 'might,' 'should,' 'would,' or 'could.' These forward-looking statements include, without limitation, statements regarding future operations, performance, financial condition, prospects, plans and strategies. These forward-looking statements are based on current expectations and assumptions that may prove to be incorrect. Risks and uncertainties exist that may cause results to differ materially from those set forth in these forward-looking statements. Factors that could cause the anticipated results to differ from those described in the forward-looking statements include, without limitation: interest rate fluctuations; changes in conditions of the real estate markets; volatility in the capital markets; unfavorable economic conditions; impairments in the company's goodwill or other intangible assets; failures at financial institutions where the company deposits funds; regulatory oversight and changes in applicable laws and government regulations, including privacy and data protection laws; heightened scrutiny by legislators and regulators of the company's title insurance and services segment and certain other of the company's businesses; regulation of title insurance rates; limitations on access to public records and other data; severe weather conditions, health crises, terrorist attacks, and other catastrophes; changes in relationships with large mortgage lenders and government-sponsored enterprises; changes in measures of the strength of the company's title insurance underwriters, including ratings and statutory capital and surplus; losses in the company's investment portfolio or venture investment portfolio; material variance between actual and expected claims experience; provision of capital to subsidiaries that could affect the company's liquidity position; defalcations, increased claims or other costs and expenses attributable to the company's use of title agents; any inadequacy in the company's risk management framework or use of models; systems damage, failures, interruptions, cyberattacks and intrusions, or unauthorized data disclosures; innovation efforts of the company and other industry participants and any related market disruption; errors and fraud involving the transfer of funds; failures to recruit and retain qualified employees; the company's use of a global workforce; inability of the company to fulfill parent company obligations and/or pay dividends; inability to realize anticipated synergies or produce returns that justify investment in acquired businesses; a reduction in the deposits at the company's federal savings bank subsidiary; claims of infringement or inability to adequately protect the company's intellectual property; and other factors described in the company's quarterly report on Form 10-Q for the quarter ended March 31, 2025, as filed with the Securities and Exchange Commission. The forward-looking statements speak only as of the date they are made. The company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. Use of Non-GAAP Financial Measures This news release and related management commentary contain certain financial measures that are not presented in accordance with generally accepted accounting principles (GAAP), including an adjusted debt to capitalization ratio, personnel and other operating expense ratios, success ratios, net operating revenues; and adjusted revenues, adjusted pretax income, adjusted pretax margin, adjusted net income, and adjusted earnings per share. The company is presenting these non-GAAP financial measures because they provide the company's management and investors with additional insight into the financial leverage, operational efficiency and performance of the company relative to earlier periods and relative to the company's competitors. The company does not intend for these non-GAAP financial measures to be a substitute for any GAAP financial information. In this news release, these non-GAAP financial measures have been presented with, and reconciled to, the most directly comparable GAAP financial measures. Investors should use these non-GAAP financial measures only in conjunction with the comparable GAAP financial measures. First American Financial Corporation Selected Consolidated Balance Sheet Information (in millions, unaudited) June 30, December 31, 2025 2024 Cash and cash equivalents $ 2,031.2 $ 1,718.1 Investments 8,817.0 8,042.6 Goodwill and other intangible assets, net 1,929.0 1,929.5 Total assets 16,273.9 14,908.6 Reserve for claim losses 1,189.3 1,193.4 Notes and contracts payable 1,546.8 1,546.6 Total stockholders' equity $ 5,126.2 $ 4,908.5 Expand First American Financial Corporation Segment Information (in millions, unaudited) Three Months Ended Title Home Corporate June 30, 2025 Consolidated Insurance Warranty (incl. Elims.) Revenues Direct premiums and escrow fees $ 704.2 $ 600.4 $ 103.7 $ 0.1 Agent premiums 716.5 716.5 — — Information and other 270.1 264.3 5.9 (0.1 ) Net investment income 160.2 147.1 1.2 11.9 Net investment losses (9.7 ) (5.4 ) (0.6 ) (3.7 ) 1,841.3 1,722.9 110.2 8.2 Expenses Personnel costs 571.1 523.0 20.7 27.4 Premiums retained by agents 573.5 573.5 — — Other operating expenses 309.4 277.8 21.9 9.7 Provision for policy losses and other claims 81.9 39.5 42.8 (0.4 ) Depreciation and amortization 53.0 51.6 1.3 0.1 Premium taxes 19.2 18.0 1.2 0.0 Interest 38.0 22.8 — 15.2 1,646.1 1,506.2 87.9 52.0 Income (loss) before income taxes $ 195.2 $ 216.7 $ 22.3 $ (43.8 ) Three Months Ended Title Home Corporate Consolidated Insurance Warranty (incl. Elims.) Revenues Direct premiums and escrow fees $ 632.7 $ 533.0 $ 99.6 $ 0.1 Agent premiums 616.3 616.3 — — Information and other 246.6 240.9 5.8 (0.1 ) Net investment income 129.9 125.7 1.1 3.1 Net investment (losses) gains (13.2 ) 6.0 0.3 (19.5 ) 1,612.3 1,521.9 106.8 (16.4 ) Expenses Personnel costs 509.0 485.6 20.8 2.6 Premiums retained by agents 492.2 492.2 — — Other operating expenses 277.0 243.6 21.6 11.8 Provision for policy losses and other claims 79.5 34.5 45.6 (0.6 ) Depreciation and amortization 52.1 50.9 1.1 0.1 Premium taxes 15.5 14.3 1.2 (0.0 ) Interest 35.4 23.4 — 12.0 1,460.7 1,344.5 90.3 25.9 Income (loss) before income taxes $ 151.6 $ 177.4 $ 16.5 $ (42.3 ) Expand First American Financial Corporation Segment Information (in millions, unaudited) Six Months Ended Title Home Corporate June 30, 2025 Consolidated Insurance Warranty (incl. Elims.) Revenues Direct premiums and escrow fees $ 1,265.3 $ 1,060.0 $ 205.3 $ (0.0 ) Agent premiums 1,371.1 1,371.1 — — Information and other 512.3 500.3 12.1 (0.1 ) Net investment income 295.4 284.8 2.0 8.6 Net investment losses (20.5 ) (8.9 ) (1.4 ) (10.2 ) 3,423.6 3,207.3 218.0 (1.7 ) Expenses Personnel costs 1,077.8 1,007.8 41.2 28.8 Premiums retained by agents 1,099.0 1,099.0 — — Other operating expenses 587.7 524.2 44.4 19.1 Provision for policy losses and other claims 152.0 72.9 80.5 (1.4 ) Depreciation and amortization 105.5 102.8 2.6 0.1 Premium taxes 36.6 34.3 2.3 0.0 Interest 73.2 42.8 — 30.4 3,131.8 2,883.8 171.0 77.0 Income (loss) before income taxes $ 291.8 $ 323.5 $ 47.0 $ (78.7 ) Six Months Ended Title Home Corporate June 30, 2024 Consolidated Insurance Warranty (incl. Elims.) Revenues Direct premiums and escrow fees $ 1,133.6 $ 936.2 $ 197.3 $ 0.1 Agent premiums 1,180.1 1,180.1 — — Information and other 469.6 458.1 11.7 (0.2 ) Net investment income 257.8 242.4 2.0 13.4 Net investment (losses) gains (4.2 ) 24.9 1.0 (30.1 ) 3,036.9 2,841.7 212.0 (16.8 ) Expenses Personnel costs 993.9 938.1 40.6 15.2 Premiums retained by agents 940.0 940.0 — — Other operating expenses 542.8 477.3 43.7 21.8 Provision for policy losses and other claims 149.0 63.5 86.3 (0.8 ) Depreciation and amortization 102.2 99.7 2.4 0.1 Premium taxes 29.4 27.2 2.2 (0.0 ) Interest 69.7 45.8 — 23.9 2,827.0 2,591.6 175.2 60.2 Income (loss) before income taxes $ 209.9 $ 250.1 $ 36.8 $ (77.0 ) Expand First American Financial Corporation Reconciliation of Non-GAAP Financial Measures (in millions, except margin and per share amounts, unaudited) Consolidated Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 Total revenues $ 1,841.3 $ 1,612.3 $ 3,423.6 $ 3,036.9 Non-GAAP adjustments: Less: Net investment losses (9.7 ) (13.2 ) (20.5 ) (4.2 ) Adjusted total revenues $ 1,851.0 $ 1,625.5 $ 3,444.1 $ 3,041.1 Pretax income $ 195.2 $ 151.6 $ 291.8 $ 209.9 Non-GAAP adjustments: Less: Net investment losses (9.7 ) (13.2 ) (20.5 ) (4.2 ) Plus: Purchase-related intangible amortization 6.6 8.4 13.4 17.7 Adjusted pretax income $ 211.5 $ 173.2 $ 325.7 $ 231.8 Pretax margin 10.6 % 9.4 % 8.5 % 6.9 % Non-GAAP adjustments: Less: Net investment losses (0.5 )% (0.7 )% (0.6 )% (0.1 )% Plus: Purchase-related intangible amortization 0.3 % 0.6 % 0.4 % 0.6 % Adjusted pretax margin 11.4 % 10.7 % 9.5 % 7.6 % Net income $ 146.1 $ 116.0 $ 220.3 $ 162.7 Non-GAAP adjustments, net of tax: Less: Net investment losses (7.3 ) (10.1 ) (15.6 ) (3.3 ) Plus: Purchase-related intangible amortization 5.0 6.4 10.2 13.8 Adjusted net income $ 158.4 $ 132.5 $ 246.1 $ 179.8 Earnings per diluted share (EPS) $ 1.41 $ 1.11 $ 2.12 $ 1.56 Non-GAAP adjustments, net of tax: Less: Net investment losses $ (0.07 ) $ (0.10 ) $ (0.15 ) $ (0.03 ) Plus: Purchase-related intangible amortization $ 0.05 $ 0.06 $ 0.10 $ 0.13 Adjusted EPS $ 1.53 $ 1.27 $ 2.37 $ 1.72 Purchase-related intangible amortization includes amortization of noncompete agreements, customer relationships, and trademarks acquired in business combinations. Totals may not sum due to rounding. Expand First American Financial Corporation Reconciliation of Non-GAAP Financial Measures (in millions except margin, unaudited) By Segment Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 Title Insurance and Services Segment Total revenues $ 1,722.9 $ 1,521.9 $ 3,207.3 $ 2,841.7 Non-GAAP adjustments: Less: Net investment (losses) gains (5.4 ) 6.0 (8.9 ) 24.9 Adjusted total revenues $ 1,728.3 $ 1,515.9 $ 3,216.2 $ 2,816.8 Pretax income $ 216.7 $ 177.4 $ 323.5 $ 250.1 Non-GAAP adjustments: Less: Net investment (losses) gains (5.4 ) 6.0 (8.9 ) 24.9 Plus: Purchase-related intangible amortization 6.5 8.4 13.3 17.6 Adjusted pretax income $ 228.6 $ 179.8 $ 345.7 $ 242.8 Pretax margin 12.6 % 11.7 % 10.1 % 8.8 % Non-GAAP adjustments: Less: Net investment (losses) gains (0.3 )% 0.4 % (0.2 )% 0.8 % Plus: Purchase-related intangible amortization 0.3 % 0.6 % 0.4 % 0.6 % Adjusted pretax margin 13.2 % 11.9 % 10.7 % 8.6 % Home Warranty Segment Total revenues $ 110.2 $ 106.8 $ 218.0 $ 212.0 Non-GAAP adjustments: Less: Net investment (losses) gains (0.6 ) 0.3 (1.4 ) 1.0 Adjusted total revenues $ 110.8 $ 106.5 $ 219.4 $ 211.0 Pretax income $ 22.3 $ 16.5 $ 47.0 $ 36.8 Non-GAAP adjustments: Less: Net investment (losses) gains (0.6 ) 0.3 (1.4 ) 1.0 Adjusted pretax income $ 22.9 $ 16.2 $ 48.4 $ 35.8 Pretax margin 20.2 % 15.4 % 21.6 % 17.4 % Non-GAAP adjustments: Less: Net investment (losses) gains (0.5 )% 0.2 % (0.5 )% 0.4 % Adjusted pretax margin 20.7 % 15.2 % 22.1 % 17.0 % Purchase-related intangible amortization includes amortization of noncompete agreements, customer relationships, and trademarks acquired in business combinations. Totals may not sum due to rounding. Expand First American Financial Corporation Expense and Success Ratio Reconciliation Title Insurance and Services Segment ($ in millions, unaudited) Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 Total revenues $ 1,722.9 $ 1,521.9 $ 3,207.3 $ 2,841.7 Less: Net investment (losses) gains (5.4 ) 6.0 (8.9 ) 24.9 Net investment income 147.1 125.7 284.8 242.4 Premiums retained by agents 573.5 492.2 1,099.0 940.0 Net operating revenues $ 1,007.7 $ 898.0 $ 1,832.4 $ 1,634.4 Ratio (% net operating revenues) 79.5 % 81.2 % 83.6 % 86.6 % Ratio (% total revenues) 46.5 % 47.9 % 47.8 % 49.8 % Change in net operating revenues $ 109.7 $ 198.0 Change in personnel and other operating expenses 71.6 116.6 Success Ratio (1) 65 % 59 % (1) Change in personnel and other operating expenses divided by change in net operating revenues. Expand First American Financial Corporation (unaudited) Q225 Q125 Q424 Q324 Q224 Open Orders per Day Purchase 1,554 1,491 1,178 1,428 1,592 Refinance 507 483 452 502 378 Refinance as % of residential orders 25 % 24 % 28 % 26 % 19 % Commercial 437 436 397 398 395 Default and other 307 277 244 267 286 Total open orders per day 2,805 2,687 2,271 2,595 2,650 Closed Orders per Day Purchase 1,110 893 1,030 1,120 1,177 Refinance 381 314 372 314 265 Refinance as % of residential orders 26 % 26 % 27 % 22 % 18 % Commercial 240 230 263 225 236 Default and other 318 292 237 241 271 Total closed orders per day 2,048 1,728 1,902 1,900 1,948 Average Revenue per Order (ARPO) (2) Purchase $ 3,693 $ 3,643 $ 3,578 $ 3,572 $ 3,605 Refinance 1,293 1,256 1,317 1,291 1,206 Commercial 15,267 13,123 15,239 13,194 11,720 Default and other 539 394 344 355 433 Total ARPO $ 4,112 $ 3,920 $ 4,343 $ 3,926 $ 3,818 Business Days 64 61 63 64 64 (1) U.S. operations only. Totals may not sum due to rounding. Expand
Business Wire
20-06-2025
- Business
- Business Wire
First American Marks National American Eagle Day With Campaign to Support Eagle Conservation Awareness, Benefit Friends of Big Bear Valley
SANTA ANA, Calif.--(BUSINESS WIRE)-- First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced the launch of a campaign to celebrate National American Eagle Day (June 20), support each conservation awareness and benefit the non-profit Friends of Big Bear Valley, an organization dedicated to the protection and preservation of bald eagles and their natural habitat. Beginning Friday, June 20, First American will include a live eagle cam on its website and will make a $1 donation to Friends of Big Bear Valley for every view of the eagle cam up to $10,000. "We feel a special connection to the celebrity eagles in our local mountains. We're excited for this special opportunity to celebrate eagles in a way only we can – please join us, watch the live eagle cam feed and help preserve our national symbol.' 'At First American, the eagle is more than our logo, it's a powerful symbol of the values we stand for – strength, freedom, trust and the American dream,' said Chelsea Sumrow, chief marketing officer at First American. 'Our company's roots in Southern California and the greater Los Angeles area trace back 135 years, so we feel a special connection to the celebrity eagles in our local mountains. We're excited for this special opportunity to celebrate eagles in a way only we can – please join us, watch the live eagle cam feed and help preserve our national symbol.' View the Live Eagle Cam to Activate a Donation to Friends of Big Bear Valley Eagle Fun Facts Bald eagles were nearly extinct in the lower 48 states by the 1960s due to habitat loss and pesticide exposure. In 1963, there were only 417 nesting pairs of bald eagles left in the entire country. Thanks to conservation efforts, bald eagles were removed from the endangered species list in 2007. Bald eagles don't develop their characteristic white head and tail plumage until they reach four to five years of age. Eagles build enormous nests, sometimes eight feet wide and weighing over a ton. The average wingspan of a bald eagle is 6.5 to 7.5 feet. Bald eagles mate for life and return to the same nest each year. Eagles have exceptional eyesight—they can spot prey from up to two miles away. While the bald eagle has been the national symbol of the United States since 1782, it was only recently declared the official national bird in December 2024. The presence of eagles is a key indicator of healthy ecosystems near lakes, rivers, and forests. The largest population of wintering bald eagles in the U.S. is found in Alaska, but they nest in nearly every state. About First American First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $6.1 billion in 2024, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2025, First American was named one of the 100 Best Companies to Work For by Great Place to Work ® and Fortune Magazine for the tenth consecutive year. The company was named one of the 100 Best Workplaces for Innovators by Fast Company for the second consecutive year in 2024. More information about the company can be found at
Business Wire
02-06-2025
- Business
- Business Wire
First American Chief Marketing Officer Chelsea Sumrow Recognized as a Top Marketing Leader by HousingWire
SANTA ANA, Calif.--(BUSINESS WIRE)-- First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that Chelsea Sumrow, chief marketing officer, was named by HousingWire as a 2025 Marketing Leaders winner. Chosen by HousingWire's selection committee, the 2025 Marketing Leaders award winners are the most dynamic and influential marketing professionals in the housing industry, recognized for building high-performing marketing teams, driving forward-thinking initiatives, and making a lasting impression on both customers and the market. "Chelsea has enhanced our commitment to our customers with a data-driven approach that embraces innovation and emphasizes impact." 'Chelsea has enhanced our commitment to our customers with a data-driven approach that embraces innovation and emphasizes impact,' said Kurt Pfotenhauer, executive vice president and vice chairman of First American Title Insurance Company. 'Her recognition reflects not only her own efforts, but those of her team and its focus on bringing exceptional value to our customers.' Since joining First American in 2023, Sumrow has transformed the role of marketing into a strategic driver, prioritizing collaboration and customer-centric strategies that deepen customer engagement and drive growth. From modernizing the company's brand identity and leading the alignment around a unified organizational purpose and cultural behaviors, her leadership has helped enhance the consistency of the customer experience across all touchpoints, driving substantial value and business growth. 'HousingWire's Marketing Leaders represent the top talent in marketing — professionals who are building brands and influencing business outcomes,' said Clayton Collins, HW Media CEO. 'These marketers are driving mortgage origination volume, connecting with home buyers at critical moments, and supporting real estate brokerages to engage buyers and sellers. By combining data, technology, and creative strategy, they're transforming how the industry communicates, competes and grows.' About First American First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $6.1 billion in 2024, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2025, First American was named one of the 100 Best Companies to Work For by Great Place to Work ® and Fortune Magazine for the tenth consecutive year. The company was named one of the 100 Best Workplaces for Innovators by Fast Company for the second consecutive year in 2024. More information about the company can be found at
Yahoo
20-05-2025
- Business
- Yahoo
Dallas-Plano-Irving Home Prices Down -1.2% Year Over Year in April, According to First American Data & Analytics Monthly Home Price Index Report
House Prices Nationally Continue to Decelerate —Slowing price appreciation offers hope for potential home buyers, says Chief Economist Mark Fleming— SANTA ANA, Calif., May 20, 2025--(BUSINESS WIRE)--First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE: FAF), today released its April 2025 Home Price Index (HPI) report. The report tracks home price changes less than four weeks behind real time at the national, state and metropolitan (Core-Based Statistical Area) levels and includes metropolitan price tiers that segment sale transactions into starter, mid and luxury tiers. The full report can be found here. April1 Home Price Index Dallas-Plano-Irving Market Metric Change in HPI March 2025-April 2025 (month over month) 0.0 percent April 2024-April 2025 (year over year) -1.2 percent National HPI Metric Change in HPI March 2025-April 2025 (month over month) +0.4 percent April 2024-April 2025 (year over year) +2.0 percent Chief Economist National HPI Analysis: "House prices nationally reached another record high in April, but the annual growth rate has slowed to its lowest level since 2012, underscoring the ongoing rebalancing in the market," said Mark Fleming, chief economist at First American. "Persistently high mortgage rates have tempered demand, while increased inventory has boosted supply, dragging house price appreciation down. This normalization follows the unsustainable price growth seen during the pandemic. Although affordability remains a challenge, slower price appreciation is encouraging for potential home buyers as it lets their income-growth driven house purchasing power increase." Year-Over-Year Price-Tier Data for the Dallas-Plano-Irving Metro Area: April 2024 to April 2025 The First American Data & Analytics HPI segments home price changes at the metropolitan level into three price tiers based on local market sales data: starter tier, which represents home sales prices at the bottom third of the market price distribution; mid-tier, which represents home sales prices in the middle third of the market price distribution; and the luxury tier, which represents home sales prices in the top third of the market price distribution. CBSA Starter Mid-Tier Luxury Dallas-Plano-Irving -3.2% -3.3% +3.5% "The markets with the strongest growth in the starter home price tier are predominantly located in the Northeast or Midwest," said Fleming. "These markets include Pittsburgh, Baltimore, and St. Louis, markets that are attractive to potential first-time home buyers due to their relative affordability. However, homebuilding has also lagged in these markets, leading to high demand relative to limited supply, fueling strong house price appreciation." April 2025 First American Data & Analytics Price Tier HPI Highlights2 Core-Based Statistical Areas (CBSAs) Ranked by Greatest Year-Over-Year Increases in Starter Tier HPI CBSA Change in Starter Tier HPI Change in Mid-Tier HPI Change in Luxury Tier HPI Pittsburgh +7.6 percent +2.5 percent +4.0 percent Baltimore +5.7 percent +3.3 percent +3.3 percent St. Louis +4.9 percent +0.9 percent +0.4 percent Cambridge, Mass. +4.7 percent +5.0 percent +1.3 percent Warren, Mich. +3.3 percent +2.2 percent +3.3 percent Additional April 2025 First American Data & Analytics HPI Highlights Core-Based Statistical Areas (CBSAs) with Greatest Year-Over-Year Increases in HPI CBSA Change in HPI Pittsburgh +5.0 percent Cambridge, Mass. +4.0 percent Warren, Mich. +3.3 percent Baltimore +3.3 percent St. Louis +3.1 percent Core-Based Statistical Areas (CBSAs) with a Year-Over-Year Decrease in HPI Oakland, Calif. -7.6 percent Tampa, Fla. -4.8 percent San Diego -2.1 percent Denver -1.8 percent Dallas -1.2 percent HPI data for all 50 states and the largest 30 CBSAs by population is available here. Visit the First American Economic Center for more research on housing market dynamics. Next Release The next release of the First American Data & Analytics House Price Index will take place the week of June 16, 2025. First American Data & Analytics HPI Methodology The First American Data & Analytics HPI report measures single-family home prices, including distressed sales, with indices updated monthly beginning in 1980 through the month of the current report. HPI data is provided at the national, state and CBSA levels and includes preliminary index estimates for the month prior to the report (i.e. the preliminary result of July transactions is reported in August). The most recent index results are subject to revision as data from more transactions become available. The HPI uses a repeat-sales methodology, which measures price changes for the same property over time using more than 46 million paired transactions to generate the indices. In non-disclosure states, the HPI utilizes a combination of public sales records, MLS sold and active listings, and appraisal data to estimate house prices. This comprehensive approach is particularly effective in areas where there is limited availability of accurate sale prices, such as non-disclosure states. Property type, price and location data are used to create more refined market segment indices. Real Estate-Owned transactions are not included. Disclaimer Opinions, estimates, forecasts and other views contained in this page are those of First American's Chief Economist, do not necessarily represent the views of First American or its management, should not be construed as indicating First American's business prospects or expected results, and are subject to change without notice. Although the First American Economics team attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. © 2025 by First American. Information from this page may be used with proper attribution. About First American Data & Analytics First American Data & Analytics, a division of First American Financial Corporation, is a national provider of property-centric information, risk management and valuation solutions. First American maintains and curates the industry's largest property and ownership dataset that includes more than 8.6 billion document images. Its major platforms and products include: DataTree®, FraudGuard®, RegsData®, First American TaxSource™ and ACI®. Find out more about how First American Data & Analytics powers the real estate, mortgage and title settlement services industries with advanced decisioning solutions at About First American First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $6.1 billion in 2024, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2025, First American was named one of the 100 Best Companies to Work For by Great Place to Work® and Fortune Magazine for the tenth consecutive year. The company was named one of the 100 Best Workplaces for Innovators by Fast Company for the second consecutive year in 2024. More information about the company can be found at 1 The most recent index results are subject to revision as data from more transactions become available. 2 Note: Nassau-County-Suffolk County, NY is excluded from this month's report due to data disruptions. View source version on Contacts Media Contact: Marcus GinnatyCorporate CommunicationsFirst American Financial Corporation(714) 250-3298 Investor Contact:Craig BarberioInvestor RelationsFirst American Financial Corporation(714) 250-5214 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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First American Financial Corporation (FAF): Among the Best Stocks to Buy According to John W. Rogers of Ariel Investments
We recently compiled a list of the 10 Best Stocks to Buy According to John W. Rogers of Ariel Investments. In this article, we are going to take a look at where First American Financial Corporation (NYSE:FAF) stands against John W. Rogers' other stock picks. John W. Rogers Jr. is a prominent American investor and hedge fund manager who serves as the chairman, CEO, and CIO of . Rogers graduated from Princeton University in 1980 and spent two and a half years as a stock broker at William Blair. Three years later, he founded Ariel Investments, the first Black-owned mutual fund company in the United States, with $200,000 supported by family and friends. Howard University would be Ariel Investments' initial customer, with the firm receiving $100,000 to manage its endowment. The next year, the city of Chicago granted Ariel $1 million to operate a pension plan. By 2009, Ariel Investments was managing $3.3 billion in assets, which has since increased to a staggering $12.9 billion. Notably, the investor's flagship Ariel Fund's faced one of its first hurdles back on October 19, 1987, the day of the crash known as Black Monday. The next major test came after the dot-com crisis in 2000, with the Ariel Fund rebounding strongly, returning 29% that year and 14% in 2001. During the 2008 financial crisis, Rogers' investments in equities, such as real estate investment firm CBRE Group and newspaper publisher Gannett, caused the fund to lose 48% before returning 63% in 2009. Rogers appreciates patience as he looks for companies that he believes will reach their full potential in a set period of years. This strategy of scooping up value stocks, pioneered by famed investors Warren Buffett and Benjamin Graham, involves buying stocks whose worth may be undervalued by the market. Speaking on a Bloomberg Invest Conference, the investor stated that market enthusiasts might get overly focused on short-term trends, and those prepared to look three or five years ahead may still uncover opportunities. Ariel Investments remains steadfast in its belief of value investing, even within the current market climate. This confidence in its strategy was reaffirmed in the fund's Q1 2025 Investor Letter. Here is what Ariel Fund had to say: Most major U.S. indices ended the first quarter of 2025 in the red, with investors fleeing to safety as optimism for another year of U.S. outperformance driven by economic momentum and the new administration's pro-business stance was quickly replaced by tariff fears and policy uncertainty. The Magnificent Seven, which drove most of the markets gains over the last three years, led the decline, falling nearly -15%. Value bested growth and large caps held up better than their small cap brethren. International equity markets, led by Europe and China, surged—delivering their strongest quarterly outperformance versus the U.S. in 15 years. Meanwhile, deteriorating confidence and apprehension about a global trade war is fueling recession fears. While Wall Street sits on edge and markets remain erratic, we are actively leaning into the volatility by judiciously acquiring the downtrodden shares of quality companies whose value should be realized over the long term. For this list, we picked stocks from Ariel Investments' 13F portfolio as of the end of the fourth quarter of 2024. These equities are also popular among elite hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A modern office tower overlooking a city skyline, illustrating the power of its financial services division. First American Financial Corporation (NYSE:FAF) is an American financial services firm that offers insurance and settlement services to the real estate and mortgage sectors. This undiversified business strategy means that the firm's performance greatly depends on the housing market. Notably, First American Financial Corporation (NYSE:FAF) gets the majority of its revenue from the Title Insurance and Services sector. First American Financial Corporation (NYSE:FAF) reported first-quarter earnings per share of $0.84, beating analysts' forecasts of $0.81 by $0.03. Revenue for the quarter came in at $1.58 billion, surpassing the average expectation of $1.55 billion. The Title Insurance and Services division reported a 12% year-over-year growth in total revenue, reaching $1.5 billion, driven by a 14% increase in direct premiums and escrow fees and a 16% increase in agent premiums. The Home Warranty division also had strong growth, with total revenue up 2% to $108 million and pretax income jumping 22%. Overall FAF ranks 6th on our list of John W. Rogers' stock picks. While we acknowledge the potential for FAF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FAF but trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
