{"schema_version":"secwatch.filing_event.v1","accession":"0001564590-23-001631","form_type":"8-K","ticker":"FAF","cik":"0001472787","company_name":"First American Financial Corp","filed_at":"2023-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.144194+00:00","generated_at":"2026-06-19T20:02:42.381959+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"First American Q4 EPS $0.52 ($1.35 adj); revenue down 29% to $1.69B; net investment losses $114M","bullets":["Q4 diluted EPS of $0.52 ($1.35 excluding $0.83 net investment losses); revenue $1.685B, down 29% YoY.","Title Insurance segment pretax margin 7.1% (10.4% excl. net investment losses); commercial title revenues down 34% to $251M.","Net investment losses of $114M driven by sale of fixed-income securities for tax planning and venture portfolio unrealized losses.","Full year 2022 EPS $2.45 ($6.09 adj.); returned $658M to shareholders via buybacks and dividends; dividend raised 2% to $2.08 annual.","Cash flow from operations $246M in Q4 vs $344M prior year; debt-to-capital 30.0%."],"urls":{"canonical":"https://secwatch.observer/filing/0001564590-23-001631","json":"https://secwatch.observer/filing/0001564590-23-001631.json","markdown":"https://secwatch.observer/filing/0001564590-23-001631.md","text":"https://secwatch.observer/filing/0001564590-23-001631.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1472787/000156459023001631/0001564590-23-001631-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1472787/000156459023001631/faf-8k_20230209.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T20:02:42.381959+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e2b1072f80ca4911cbd0b9402ae4127fef06112c","claim":"First American Financial Corp reported the quarter and fiscal year ended December 31, 2022 results: revenue Total revenue of $1.7 billion, net income Net income in the current quarter was $54 million, EPS 52 cents per diluted share.","evidence_excerpt":"ended Dec. 31, 2022. Current Quarter Highlights • Earnings per diluted share of 52 cents, or $1.35 per share excluding 83 cents of net investment losses • Total revenue of $1.7 billion, down 29 percent compared with last year - Excluding net investment losses of $114 million, total revenue was $1.8 billion, down 24 percent compared with last year - Commercial","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1472787/000156459023001631/0001564590-23-001631-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and fiscal year ended December 31, 2022"},{"label":"Revenue","value":"Total revenue of $1.7 billion"},{"label":"Net income","value":"Net income in the current quarter was $54 million"},{"label":"EPS","value":"52 cents per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}