The First American Financial Corporation announces acquisition of 1,075,000 shares of its stock


August 19, 1991, SANTA ANA, CALIFORNIA

The First American Financial Corporation announced today that it has acquired a total of 1,075,000 shares of its stock, consisting of 596,600 Class A and 478,400 Class B shares, from Southeastern Asset Management, Inc., at a price of $11 per share. As of June 30, book value per share was $14.44. Under California law these shares are retired and returned to the status of authorized, but unissued, stock.

First American Financial, based in Santa Ana, California, operates its title insurance business through its principal subsidiary, First American Title Insurance Company, one of the largest title insurers in the nation. The firm offers title services through a network of more than 5,500 office or agents in all 50 states. It also provides title services abroad in the Bahamas, Bermuda, Canada, Guam, Mexico, Puerto Rico, the Virgin Islands and the United Kingdom. The company celebrated its 100th anniversary in 1989.

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