The First American Financial Corporation reports record levels of revenue, ...
March 3, 1986, SANTA ANA, CALIFORNIA
D.P. Kennedy, president, stated that these results were attributable to the company's ability to increase its market share combined with a relatively high level of real estate activity during 1985.
The company, parent of First American Title Insurance Company, reported that revenue for 1985 totaled $268.3 million, up from $232.2 million reported last year. Net income for 1985 was $14.0 million, or $5.54 per share, compared with $13.4 million, or $5.36 per share for the prior year.
At its February meeting, the board of directors declared a regular quarterly dividend of 20 cents per share, continuing its policy of cash dividends in every year since 1909.
First American Title Insurance Company operates through a network of more than 2,200 branches, subsidiaries, affiliates and agents throughout the United States and in Guam, Puerto Rico and the United Kingdom.
Year ended December 31: 1985 1984 Revenue $268,346,000 $232,179,000 Net income $ 14,035,000 $ 13,371,000 Net income per share $ 5.54 $ 5.36 Average number of shares outstanding 2,534,000 2,496,000