secwatch.observer — SEC 8-K summary
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Issuer:     First American Financial Corp (FAF)
CIK:        0001472787
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001564590-22-026783
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First American Q2 EPS $1.01 (adj $1.97); revenue $2.1B -9% YoY; commercial +30%
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- Net income $109M ($1.01 diluted EPS); adjusted EPS $1.97 excluding $133M net investment losses.
- Total revenue $2.06B down 9% YoY; commercial revenue $289M up 30% YoY.
- Title Insurance segment pretax margin 11.7% (13.9% ex-investment losses); investment income up 49%.
- Repurchased 3.9M shares for $227M; board authorized new $400M buyback program.
- Home warranty revenue $102M down 5%; loss rate improved to 52.4% from 55.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1472787/000156459022026783/0001564590-22-026783-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1472787/000156459022026783/faf-8k_20220728.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-026783

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