earnings
confidence high
sentiment neutral
materiality 0.75
FAF Q4 EPS $0.69 ($1.35 adj), revenue $1.7B +18% YoY; FY EPS $1.26 ($4.40 adj)
First American Financial Corp
2024-FY EPS reported
$1.26
revenue$6,128,100,000
- Q4 GAAP net income $72.4M ($0.69/dil) vs $34.1M ($0.33) last year; adjusted $141.6M ($1.35).
- FY 2024 total revenue $6.1B (+2% YoY); adjusted total revenue $6.5B (+5%).
- Q4 Title segment pretax margin 7.9% (adj 11.8%); commercial revenue $252M +47%.
- Dividend raised 2% to annual $2.16/share; repurchased 1.2M shares in FY at avg $55.76.
- Net investment losses $86M in Q4 driven by venture impairments; guidance for modest 2025 improvement.