The First American Financial Corporation announces an increase in national ...


September 16, 1996, SANTA ANA, CALIFORNIA

The First American Financial Corporation (NYSE: FAF) announced today that First American Title Insurance Company, its principal subsidiary, increased its share of the national title insurance market during 1995 to 20.4 percent from 19.5 percent, based on gross title fees. This puts the company within one-tenth of a percentage point of being the number one title insurance company in the country. The figure is based on recently released 1995 American Land Title Association (ALTA) statistics.

The company strengthened its market share in many states, including California and Texas, the largest and second largest markets for title insurance in the country. First American holds the number one or number two market share position in 33 states and in the District of Columbia.

"First American has been a national company since 1982, and has experienced steady market share increases since that time," said President Parker S. Kennedy. "We value our customers' confidence in First American and the hard work of our people across the country to consistently deliver first-rate, customer-driven service."

The First American Financial Corporation, based in Santa Ana, California, is the nation's leading provider of real estate-related financial and informational services. The corporation's subsidiaries include First American Title Insurance Company, an international title insurer, First American Real Estate Information Services, Inc., which offers tax monitoring, credit reporting, flood certification, mortgage loan servicing systems and property information services nationally, and First American Home Buyers Protection Corporation, a home warranty company. The corporation also operates First American Trust Company and First Security Thrift Company in Southern California. First American Financial has more than 10,000 employees in over 400 branch offices in the United States and abroad.

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