secwatch.observer — SEC 8-K summary
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Issuer:     First American Financial Corp (FAF)
CIK:        0001472787
Form:       8-K
Filed at:   2021-10-21T23:59:59+00:00
Accession:  0001564590-21-051350
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1472787/000156459021051350/0001564590-21-051350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1472787/000156459021051350/faf-8k_20211021.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-051350

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer