First American (FAF) Q3 EPS $0.02; revenue $1.8B down 29%

First American Financial Corp

2022-Q3 EPS reported $1.93 revenue$5,920,000,000

Diluted EPS $0.02 vs $4.00 last year; adjusted EPS $1.62 excluding $1.60 net investment losses.
Total revenue $1.8B down 29% YoY; excluding net investment losses $2.1B down 10%.
Title Insurance segment pretax margin 9.9% (13.0% ex-investment losses) down from 16.4%.
Commercial revenue $260M down 1%; investment income $105M up 114%.
Repurchased 1.3M shares for $72M; dividend raised 2% to annual $2.08 per share.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

First American Financial Corp reported the quarter ended September 30, 2022 results: revenue $1.8 billion, net income $2 million, EPS 2 cents per diluted share.

Period: the quarter ended September 30, 2022
Revenue: $1.8 billion
Net income: $2 million
EPS: 2 cents per diluted share
Result: reported results

Exact text from the filing

quarter ended Sept. 30, 2022. Current Quarter Highlights • Earnings per diluted share of 2 cents, or $1.62 per share excluding $1.60 of net investment losses • Total revenue of $1.8 billion, down 29 percent compared with last year - Excluding net investment losses of $226 million, total revenue was $2.1 billion, down 10 percent compared with last year • Net

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Source: SEC EDGAR

accession 0001564590-22-035350

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