Index First American Profile Financial Highlights Letter to Stockholders First American's Strength in Numbers Title Information and Services Real Estate Information and Services Consumer Information and Services Management's Discussion and Analysis Selected Financial Data Common Stock Prices and Dividends Quarterly Financial Data Consolidated Balance Sheets Consolidated Statements of Income Consolidated Statements of Stockholders' Equity Consolidated Statements of Cash Flows Notes to Consolidated Financial Statements Report of Independent Accountants Officers Board of Directors Primary Companies Stockholder Information Back Cover

notes to consolidated financial statements

 NOTE 19

Segment Financial Information:

    The Company’s operations include three reportable segments: title insurance and services, real estate information and services and consumer information and services. The title insurance segment issues policies, which are insured statements of the condition of title to real property, and provides other related services. The real estate information segment provides to lender customers the status of tax payments on real property securing their loans, mortgage credit information derived from at least two credit bureau sources, flood zone determination reports that provide information on whether or not a property is in a special flood hazard area, as well as other real estate-related information services. The consumer information segment provides home warranties, which protect homeowners against defects in home fixtures; automotive insurance tracking and other services; resident screening; pre-employment screening; substance abuse management and testing; property and casualty insurance; trust and banking services; investment advisory and other related services.

    The title insurance and real estate information segments operate through networks of offices nationwide. The Company provides its title services through both direct operations and agents throughout the United States. It also offers title services in Australia, the Bahama Islands, Canada, England, Guam, Ireland, Mexico, Puerto Rico, Scotland, South Korea, the U.S. Virgin Islands and other countries abroad. To date, the international title operations have not been material to the Company’s financial condition or results of operations. The consumer information segment provides home warranty services in 19 states throughout the United States. Trust, banking and thrift services are provided in Southern California. Investment advisory, automotive insurance tracking and other services, resident screening, pre-employment screening, and property and casualty insurance are offered nationwide.

    Corporate consists primarily of unallocated interest expense, minority interests, equity in earnings of affiliated companies and personnel and other operating expenses associated with the Company’s Home Office facilities.

    Selected financial information about the Company’s operations by segment for each of the past three years is as follows:

(in thousands)		Revenues		Income (loss) before income taxes, minority interests and cumulative effect		Assets	Depreciation and amortization	Capital expenditures
2001
Title Insurance	$ 2,687,760		$ 170,737		$ 1,301,868	$   49,207	$   48,197
Real Estate
Information	759,544		184,042		788,271	42,498	62,031
Consumer
Information	299,048		32,954		501,161	10,890	22,414
Corporate	4,371		(58,193	)	245,963	5,753	9,162
	$ 3,750,723		$ 329,540		$ 2,837,263	$ 108,348	$ 141,804
2000
Title Insurance	$ 2,106,684		$   93,205		$ 1,042,486	$   34,536	$   69,958
Real Estate
Information	573,013		58,110		710,881	40,179	59,635
Consumer
Information	263,263		35,198		365,903	7,078	19,902
Corporate	(8,705	)	(32,637	)	80,467	4,543	8,971
	$ 2,934,255		$ 153,876		$ 2,199,737	$   86,336	$ 158,466
1999
Title Insurance	$ 2,182,434		$ 128,738		$ 1,042,860	$   36,839	$ 124,027
Real Estate
Information	583,033		65,342		710,613	32,541	85,186
Consumer
Information	215,168		27,652		286,725	4,289	2,043
Corporate	7,534		(51,760	)	76,216	3,362	1,332
	$ 2,988,169		$ 169,972		$ 2,116,414	$   77,031	$ 212,588