First American Financial Reports First Quarter 2014 Results

—Reports Earnings of 20 Cents per Diluted Share—

April 24, 2014, Santa Ana, Calif.

First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced financial results for the first quarter ended March 31, 2014.

Current Quarter Highlights

  • Total revenues down 12 percent compared with last year
    • Refinance closed orders down 64 percent
  • Title Insurance and Services segment pretax margin of 4.6 percent
  • Title order mix shifting to higher-premium purchase transactions
    • Refinance transactions accounted for 42 percent of residential open orders
  • Commercial revenues of $115.7 million, up 25 percent compared with last year
  • Specialty Insurance segment total revenues up 7 percent, with a pretax margin of 16.0 percent
  • Debt-to-capital ratio of 15.6 percent as of March 31, 2014
  • Significant capital management actions taken:
    • Doubled dividend to annual rate of $0.96 per share; 3.6 percent yield at quarter end
    • Raised share repurchase authorization to $250 million, with $183 million remaining
    • Closed $155 million acquisition of Interthinx, Inc. on March 12, 2014  

Download the full press release as a PDF


Was this page helpful?
Thanks for the info!
Share Contact us about this page
Print Font Size A A A

Search News


Investor Contact
Craig Barberio
Investor Relations
Email Investor Relations
Media Contact
Marcus Ginnaty
Corporate Communications
First American Financial Corporation
Email Media Relations

Email This Page

Please Contact Me

Visit a State Website