FAF

EX-99.1

2 faf-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

NEWS

FOR

IMMEDIATE

RELEASE

FIRST AMERICAN FINANCIAL REPORTS third quarter 2026 results

SANTA ANA, Calif., Oct. 21, 2026 – First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the third quarter ended Sept. 30, 2026.

Current Quarter Highlights

• Earnings per diluted share of $1.72, or $1.78 per share on an adjusted basis

- Net investment losses of $2 million, or 1 cent per diluted share

- Purchase-related intangible amortization of $7 million, or 5 cents per diluted share

• Total revenue of $2.1 billion, up 5 percent compared with last year

- Adjusted total revenue of $2.1 billion, up 7 percent compared with last year

• Title Insurance and Services segment investment income of $169 million, up 11 percent compared with last year

• Title Insurance and Services segment pretax margin of 12.4 percent, or 12.7 percent on an adjusted basis

• Commercial revenues of $297 million, up 21 percent compared with last year

• Home Warranty segment pretax margin of 9.9 percent, or 9.7 percent on an adjusted basis

• Debt-to-capital ratio of 30.3 percent, or 22.2 percent excluding secured financings payable of $808 million

• Cash flow from operations of $238 million compared with $273 million last year

• Raised common stock dividend by 11 percent to an annual rate of $2.44 per share

• Repurchased 23,149 shares for a total of $1 million at an average price of $64.24

- In the fourth quarter, through October 21, repurchased 143,254 shares for a total of $9 million at an average price of $62.40

Selected Financial Information

($ in millions, except per share data)

Three Months Ended

September 30,

2026

2025

Total revenue

$

2,084.6

$

1,978.9

Income before taxes

$

227.6

$

247.0

Net income

$

177.0

$

189.6

Net income per diluted share

$

1.72

$

1.84

Adjusted net income

$

183.4

$

174.9

Adjusted net income per diluted share

$

1.78

$

1.70

Total revenue for the third quarter of 2026 was $2.1 billion, up 5 percent compared with the third quarter of 2025. Net income in the current quarter was $177 million, or $1.72 per diluted share, compared with net income of $190 million, or $1.84 per diluted share, in the third quarter of 2025. Adjusted net income in the current quarter was $183 million, or $1.78 per diluted share, compared with $175 million, or

First American Financial Reports Third Quarter 2026 Results

Page 2

$1.70 per diluted share, in the third quarter of last year. Net investment losses in the current quarter were $2 million, or 1 cent per diluted share, compared with net investment gains of $26 million, or 20 cents per diluted share, in the third quarter of last year. Purchase-related intangible amortization in both the current and prior year quarters was $7 million, or 5 cents per diluted share. The effective tax rate this quarter was 22.4 percent.

"Continued growth in our commercial business and higher investment income drove our earnings this quarter," said Mark Seaton, chief executive officer at First American Financial Corporation. "The recent increase in mortgage rates reinforces our expectation for a lower-for-longer residential origination market. We will use this environment to deepen our customer relationships and execute the rollout of our new AI-native title and settlement platforms, which will enhance the customer experience, improve operating efficiency and position First American for stronger earnings growth as the market recovers."

Title Insurance and Services

($ in millions, except average revenue per order)

Three Months Ended

September 30,

2026

2025

Total revenues

$

1,972.9

$

1,835.9

Income before taxes

$

244.1

$

236.2

Pretax margin

12.4

%

12.9

%

Adjusted pretax margin

12.7

%

12.9

%

Title open orders(1)

175,600

191,300

Title closed orders(1)

134,900

141,800

U.S. Commercial

Total revenues

$

297.4

$

245.9

Open orders

28,900

28,200

Closed orders

16,300

15,300

Average revenue per order

$

18,200

$

16,100

(1) U.S. direct title insurance orders only.

Total revenues for the Title Insurance and Services segment were $2.0 billion in the third quarter, up 7 percent compared with the same quarter of 2025. Total adjusted revenues in the current quarter were $2.0 billion, up 8 percent compared with last year. Direct premiums and escrow fees were $643 million, an increase of 7 percent compared with the third quarter of last year, driven by a 13 percent increase in the average revenue per order closed, partially offset by a 5 percent decline in the number of direct title orders closed in our domestic operations. The average revenue per direct title order rose to $4,304, primarily due to an increase in the average revenue per order for commercial and purchase tran

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

NEWS

FOR

IMMEDIATE

RELEASE

FIRST AMERICAN FINANCIAL REPORTS second quarter 2026 results

SANTA ANA, Calif., July 22, 2026 – First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the second quarter ended June 30, 2026.

Current Quarter Highlights

• Earnings per diluted share of $2.12, or $2.08 per share on an adjusted basis

- Net investment gains of $12 million, or 9 cents per diluted share

- Purchase-related intangible amortization of $7 million, or 5 cents per diluted share

• Total revenue of $2.1 billion, up 15 percent compared with last year

- Adjusted total revenue of $2.1 billion, up 14 percent compared with last year

• Title Insurance and Services segment investment income of $164 million, up 11 percent compared with last year

• Title Insurance and Services segment pretax margin of 15.7 percent, or 14.0 percent on an adjusted basis

• Commercial revenues of $314 million, up 34 percent compared with last year

• Home Warranty segment pretax margin of 21.3 percent, or 20.2 percent on an adjusted basis

• Debt-to-capital ratio of 31.4 percent, or 21.5 percent excluding secured financings payable of $1.0 billion

• Repurchased 330,405 shares for a total of $20 million at an average price of $61.99

Selected Financial Information

($ in millions, except per share data)

Three Months Ended

June 30,

2026

2025

Total revenue

$

2,117.3

$

1,841.3

Income before taxes

$

283.9

$

195.2

Net income

$

218.5

$

146.1

Net income per diluted share

$

2.12

$

1.41

Adjusted net income

$

214.4

$

158.4

Adjusted net income per diluted share

$

2.08

$

1.53

Total revenue for the second quarter of 2026 was $2.1 billion, up 15 percent compared with the second quarter of 2025. Net income in the current quarter was $218 million, or $2.12 per diluted share, compared with net income of $146 million, or $1.41 per diluted share, in the second quarter of 2025. Adjusted net income in the current quarter was $214 million, or $2.08 per diluted share, compared with $158 million, or $1.53 per diluted share, in the second quarter of last year. Net investment gains in the current quarter were $12 million, or 9 cents per diluted share, compared with net investment losses of $10

First American Financial Reports Second Quarter 2026 Results

Page 2

million, or 7 cents per diluted share, in the second quarter of last year. Purchase-related intangible amortization in both the current and prior year quarters was $7 million, or 5 cents per diluted share. The effective tax rate this quarter was 22.8 percent.

"Our earnings momentum continued in the second quarter, with adjusted earnings per share up 36 percent compared with the prior year,” said Mark Seaton, chief executive officer at First American Financial Corporation. "Our results were driven by our commercial business, which is on pace for a record year in 2026. In addition, investment income in our title segment grew 11 percent, despite a decline in the federal funds rate. Our adjusted pretax title margin was 14 percent for the quarter, a strong result given continued weakness in the residential market.

"Our primary strategic focus is to leverage AI across our business. We are integrating this technology into our workflows to enhance our employees' effectiveness, deliver a better experience for customers, and improve the way we operate. As these capabilities evolve, we will continue investing in our people, platforms, and products to drive innovation and reinforce our leadership in the markets we serve."

Title Insurance and Services

($ in millions, except average revenue per order)

Three Months Ended

June 30,

2026

2025

Total revenues

$

2,014.6

$

1,722.9

Income before taxes

$

315.9

$

216.7

Pretax margin

15.7

%

12.6

%

Adjusted pretax margin

14.0

%

13.2

%

Title open orders(1)

188,200

186,907

Title closed orders(1)

137,300

138,324

U.S. Commercial

Total revenues

$

314.1

$

234.2

Open orders

29,700

27,900

Closed orders

15,700

15,300

Average revenue per order

$

19,980

$

15,267

(1) U.S. direct title insurance orders only.

Total revenues for the Title Insurance and Services segment were $2.0 billion in the second quarter, up 17 percent compared with the same quarter of 2025. Total adjusted revenues in the current quarter were $2.0 billion, up 14 percent compared with last year. Direct premiums and escrow fees were $689 million, an increase of 15 percent compared with the second quarter of last year, driven by a 17 percent increase in the average revenue per order closed, partially offset by a 1 percent decline in the number of direct title orders closed in our domestic operations. The average revenue per direct title order

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First American Financial Rep

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

NEWS

FOR

IMMEDIATE

RELEASE

FIRST AMERICAN FINANCIAL REPORTS First quarter 2026 results

SANTA ANA, Calif., April 22, 2026 – First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the first quarter ended March 31, 2026.

Current Quarter Highlights

• Earnings per diluted share of $1.21, or $1.33 per share on an adjusted basis

- Net investment losses of $9 million, or 7 cents per diluted share

- Purchase-related intangible amortization of $7 million, or 5 cents per diluted share

• Total revenue of $1.8 billion, up 16 percent compared with last year, on both a GAAP and adjusted basis

• Title Insurance and Services segment investment income of $154 million, up 12 percent compared with last year

• Title Insurance and Services segment pretax margin of 9.6 percent, or 10.4 percent on an adjusted basis

• Commercial revenues of $271 million, up 48 percent compared with last year

• Home Warranty segment pretax margin of 23.5 percent, or 23.8 percent on an adjusted basis

• Debt-to-capital ratio of 32.2 percent, or 21.9 percent excluding secured financings payable of $1.1 billion

• Repurchased 556,336 shares for a total of $33 million at an average price of $60.21

‑ In the second quarter, through April 22, repurchased 295,872 shares for a total of $18 million at an average price of $61.61

• In April, named one of the 100 Best Companies to Work For by Great Place to Work® and Fortune Magazine for the eleventh consecutive year

Selected Financial Information

($ in millions, except per share data)

Three Months Ended

March 31,

2026

2025

Total revenue

$

1,838.0

$

1,582.3

Income before taxes

$

161.8

$

96.6

Net income

$

125.1

$

74.2

Net income per diluted share

$

1.21

$

0.71

Adjusted net income

$

137.3

$

87.9

Adjusted net income per diluted share

$

1.33

$

0.84

Total revenue for the first quarter of 2026 was $1.8 billion, up 16 percent compared with the first quarter of 2025. Net income in the current quarter was $125 million, or $1.21 per diluted share, compared with net income of $74 million, or 71 cents per diluted share, in the first quarter of 2025. Adjusted net income in the current quarter was $137 million, or $1.33 per diluted share, compared with $88 million, or

First American Financial Reports First Quarter 2026 Results

Page 2

84 cents per diluted share, in the first quarter of last year. Net investment losses in the current quarter were $9 million, or 7 cents per diluted share, compared with net investment losses of $11 million, or 8 cents per diluted share, in the first quarter of last year. Purchase-related intangible amortization in both the current and prior year quarters was $7 million, or 5 cents per diluted share. The effective tax rate this quarter was 22.9 percent.

"We delivered a strong first quarter, with adjusted earnings per share up 58 percent compared to the prior year,” said Mark Seaton, chief executive officer at First American Financial Corporation. "Our results were driven by our commercial business, which achieved record first-quarter revenue. In addition, investment income in our title segment grew 12 percent, despite a decline in the federal funds rate, in part due to continued success in capturing additional deposit sources at our bank. Our adjusted pretax title margin was 10.4 percent for the quarter, a great start to the year considering continued softness in the residential market.

"Beyond our financial results, we are committed to deploying AI solutions across the company to amplify the talents of our team, better serve our customers and strengthen our capabilities. Our combination of unique data assets, deep domain expertise, and innovative technology provides us with a competitive advantage as AI adoption accelerates. We are energized by the opportunities ahead and will continue to invest in our people, processes, and products as we work to extend our leadership position in the industry."

Title Insurance and Services

($ in millions, except average revenue per order)

Three Months Ended

March 31,

2026

2025

Total revenues

$

1,732.3

$

1,484.4

Income before taxes

$

167.0

$

106.8

Pretax margin

9.6

%

7.2

%

Adjusted pretax margin

10.4

%

7.9

%

Title open orders(1)

182,900

168,900

Title closed orders(1)

119,900

110,300

U.S. Commercial

Total revenues

$

271.2

$

183.8

Open orders

27,500

26,600

Closed orders

15,200

14,000

Average revenue per order

$

17,900

$

13,100

(1) U.S. direct title insurance orders only.

Total revenues for the Title Insurance and Services segment on both a GAAP and adjusted basis were $1.7 billion in the first quarter, up 17 percent compared with the same quarter of 2025. Direct

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First American Financial Reports F