secwatch.observer — SEC 8-K summary
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Issuer:     First American Financial Corp (FAF)
CIK:        0001472787
Form:       8-K
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0001564590-22-004505
Event type: leadership
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO transition: DeGiorgio promoted, Gilmore becomes Chairman; Q4 revenue up 10% to $2.4B, EPS $2.33
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- Kenneth DeGiorgio promoted to CEO; Dennis Gilmore becomes Chairman, will remain employee through Sept 9, 2022.
- Q4 2021 revenue up 10% to $2.4B; net income $260M ($2.33 diluted EPS) vs $280M ($2.49) YoY.
- Full year 2021 record revenue $9.2B (+30% YoY); net income $1.2B ($11.14 EPS) vs $696M ($6.16).
- Dividend raised 11% to $2.04 annual rate; repurchased 1.7M shares for $99M in 2021.
- Commercial title revenues up 66% to $377M in Q4; full year commercial revenue record $1.0B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1472787/000156459022004505/0001564590-22-004505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1472787/000156459022004505/faf-8k_20220204.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-004505

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