The First American Financial Corporation announces substantial increase in ...


The First American Financial Corporation (NASDAQ: FAMR) and its principal subsidiary, First American Title Insurance Company, announced today that, based on recently released 1992 American Land Title Association (ALTA) statistics, its national title insurance market share substantially increased from 16.2 percent for 1991 to 17.8 percent for 1992. This represents an increase of 10 percent in the company's overall national market penetration, in addition to an improvement in its strong number two position in the industry.

"We are extremely pleased with our internal growth of market share and applaud our operations personnel for their successful efforts in gaining new customers and in servicing our exisiting customer base," said President Parker S. Kennedy. "Based on 1992 statistics, we currently have the largest or second largest share of the title insurance market in 28 states and in the District of Columbia."

The First American Financial Corporation, based in Santa Ana, Calif., is a leading provider of real estate financial services, including title insurance, tax monitoring and home warranty services, to real property buyers and mortgage lenders. The company also operates a trust and banking business in Southern California. The company offers its title services through a network of more than 300 offices and 4,000 agents in all 50 states. It also provides title services abroad in the Bahamas, Bermuda, Canada, Guam, Mexico, Puerto Rico, the U.S. Virgin Islands and the United Kingdom.


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