---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-051350"
form_type: "8-K"
ticker: "FAF"
cik: "0001472787"
company_name: "First American Financial Corp"
filed_at: "2021-10-21T23:59:59+00:00"
generated_at: "2026-06-28T19:10:16.992441+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First American Q3 EPS $4.00 (adj. $2.15); revenue $2.56B +34%; commercial title rev +84%

## Summary
- Total revenue $2.56B (+34% YoY); net income $445.3M ($4.00 diluted EPS); adjusted EPS $2.15 excluding net realized gains.
- Title segment revenue $2.15B (+21%); pretax margin 16.4%; commercial title revenue $262.4M (+84%).
- Net realized investment gains $275.2M, including $195.3M from Offerpad venture investment.
- Specialty Insurance segment pretax loss improved to $1.9M from -$72.1M; P&C wind-down on track for Q3 2022.
- Raised $650M in 2.4% senior notes; repurchased $14.1M in shares; debt-to-capital 28.5%.

## SEC filing metadata
- accession: 0001564590-21-051350
- form_type: 8-K
- ticker: FAF
- cik: 0001472787
- company_name: First American Financial Corp
- filed_at: 2021-10-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472787/000156459021051350/0001564590-21-051350-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472787/000156459021051350/faf-8k_20211021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-051350
- JSON: https://secwatch.observer/filing/0001564590-21-051350.json
- Plain text: https://secwatch.observer/filing/0001564590-21-051350.txt

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