---
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"
generated_at: "2026-06-03T09:31:26.014871+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First American Q1 adjusted EPS $0.45 vs $0.57 YoY; revenue $1.4B down 1%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-047628
- JSON: https://secwatch.observer/filing/0000950170-24-047628.json
- Plain text: https://secwatch.observer/filing/0000950170-24-047628.txt

## Key facts
- Earnings Releases
  First American Financial Corp reported first quarter ended March 31, 2024 results: revenue $1.4 billion, net income $46.7 million, EPS $0.45.
  - Period: first quarter ended March 31, 2024
  - Revenue: $1.4 billion
  - Net income: $46.7 million
  - EPS: $0.45
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1472787/000095017024047628/0000950170-24-047628-index.htm

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