---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-055359"
form_type: "8-K"
ticker: "FAF"
cik: "0001472787"
company_name: "First American Financial Corp"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:26:21.410889+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First American Q3 adjusted EPS $1.22; revenue $1.5B down 19%; dividend raised 2%

## Summary
- Net loss of $2M ($0.02 diluted loss); adjusted net income $128M ($1.22 diluted).
- Total revenue $1.5B down 19% YoY; commercial revenue $160M down 39%.
- Title segment pretax margin 10.5% (12.0% adjusted); home warranty margin 8.7% (9.3% adjusted).
- Net investment losses $164M primarily from venture portfolio unrealized losses.
- Raised common dividend 2% to $2.12 annual rate; accelerated share repurchases in October.

## SEC filing metadata
- accession: 0000950170-23-055359
- form_type: 8-K
- ticker: FAF
- cik: 0001472787
- company_name: First American Financial Corp
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472787/000095017023055359/0000950170-23-055359-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472787/000095017023055359/faf-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-055359
- JSON: https://secwatch.observer/filing/0000950170-23-055359.json
- Plain text: https://secwatch.observer/filing/0000950170-23-055359.txt

## Key facts
- Earnings Releases
  First American Financial Corp reported the third quarter ended Sept. 30, 2023 results: revenue $1.5 billion, net income $2 million loss, EPS ($0.02).
  - Period: the third quarter ended Sept. 30, 2023
  - Revenue: $1.5 billion
  - Net income: $2 million loss
  - EPS: ($0.02)
  - Result: reported results
  source text: Total revenue for the third quarter of 2023 was $1.5 billion, down 19 percent compared with the third quarter of 2022. Net loss in the current quarter was $2 million, or 2 cents per diluted share, compared with net income of $2 million, or 2 cents per diluted share, in the third quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1472787/000095017023055359/0000950170-23-055359-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.