{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-047628","form_type":"8-K","ticker":"FAF","cik":"0001472787","company_name":"First American Financial Corp","filed_at":"2024-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.565344+00:00","generated_at":"2026-06-03T09:31:26.014871+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"First American Q1 adjusted EPS $0.45 vs $0.57 YoY; revenue $1.4B down 1%","bullets":["GAAP net income $46.7M ($0.45 diluted EPS); adjusted net income $46.9M ($0.45).","Title Insurance segment pretax margin 5.5% (adjusted 4.8%), down from 6.5% last year.","Total revenue $1.42B, down 1% YoY; direct title orders closed fell 4%, average revenue per order up 3%.","Home Warranty pretax margin improved to 19.3% from 15.3% on lower claim loss rate (41.7% vs 47.3%).","CEO expects modest revenue growth and title margins similar to 2023 amid persistent market challenges."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-047628","json":"https://secwatch.observer/filing/0000950170-24-047628.json","markdown":"https://secwatch.observer/filing/0000950170-24-047628.md","text":"https://secwatch.observer/filing/0000950170-24-047628.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1472787/000095017024047628/0000950170-24-047628-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1472787/000095017024047628/faf-20240424.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T09:31:26.014871+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d22faa7ad1634a54070b612757fb10678d6590a4","claim":"First American Financial Corp reported first quarter ended March 31, 2024 results: revenue $1.4 billion, net income $46.7 million, EPS $0.45.","evidence_excerpt":"results for the first quarter ended March 31, 2024. Current Quarter Highlights • Earnings per diluted share of $0.45, or $0.45 per share on an adjusted basis • Total revenue of $1.4 billion, down 1 percent compared with last year ‐ Adjusted total revenue of $1.4 billion, down 3 percent compared with last year • Title Insurance and Services segment investment income","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1472787/000095017024047628/0000950170-24-047628-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$1.4 billion"},{"label":"Net income","value":"$46.7 million"},{"label":"EPS","value":"$0.45"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}