---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-012211"
form_type: "8-K"
ticker: "FAF"
cik: "0001472787"
company_name: "First American Financial Corp"
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T06:54:57.059680+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# First American Q4 GAAP EPS $0.33 ($0.69 adj); revenue $1.4B -15% YoY; cited cyber incident

## Summary
- GAAP EPS $0.33 vs $0.52; adjusted EPS $0.69 vs $1.41; net income $34.1M.
- Total revenue $1.4B (-15% YoY); adjusted total revenue $1.5B (-18%).
- Title Insurance pretax margin 4.5% (7.5% adj); commercial revenue $172M (-32%).
- Late-Dec cybersecurity incident materially impacted Q4 operations; orders returned to normal.
- Full-year adj EPS $3.80; dividend raised 2% to $2.12 annual rate; repurchased 1.3M shares.

## SEC filing metadata
- accession: 0000950170-24-012211
- form_type: 8-K
- ticker: FAF
- cik: 0001472787
- company_name: First American Financial Corp
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472787/000095017024012211/0000950170-24-012211-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472787/000095017024012211/faf-20240207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-012211
- JSON: https://secwatch.observer/filing/0000950170-24-012211.json
- Plain text: https://secwatch.observer/filing/0000950170-24-012211.txt

## Key facts
- Earnings Releases
  First American Financial Corp reported fourth quarter ended Dec. 31, 2023 results: revenue $1.4 billion, net income $34 million, EPS $0.33 per diluted share.
  - Period: fourth quarter ended Dec. 31, 2023
  - Revenue: $1.4 billion
  - Net income: $34 million
  - EPS: $0.33 per diluted share
  - Result: reported results
  source text: impacted by the company's previously disclosed cybersecurity incident • Earnings per diluted share of $0.33, or $0.69 per share on an adjusted basis • Total revenue of $1.4 billion, down 15 percent compared with last year - Adjusted total revenue of $1.5 billion, down 18 percent compared with last year • Title Insurance and Services segment investment
  evidence_url: https://www.sec.gov/Archives/edgar/data/1472787/000095017024012211/0000950170-24-012211-index.htm
- Earnings Releases
  First American Financial Corp reported fiscal year ended December 31, 2023 results: revenue $6.0 billion, net income $217 million, EPS $2.07 per diluted share.
  - Period: fiscal year ended December 31, 2023
  - Revenue: $6.0 billion
  - Net income: $217 million
  - EPS: $2.07 per diluted share
  - Result: reported results
  source text: for a total of $17.7 million at an average price of $53.85 Full Year Highlights ▪ Earnings per diluted share of $2.07, or $3.80 per share on an adjusted basis ▪ Total revenue of $6.0 billion, down 21 percent compared with last year ‐ Adjusted total revenue of $6.2 billion, down 24 percent compared with last year ▪ Title Insurance and Services segment investment
  evidence_url: https://www.sec.gov/Archives/edgar/data/1472787/000095017024012211/0000950170-24-012211-index.htm

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