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First American Financial Corp (FAF) stock

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NYSE: FAF NYSE Property & Casualty Insurance Next results ~February 10, 2027

C Fundamentals grade

First American Financial Corp is a US-listed company in the property & casualty insurance industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$59

Valuation models combined (6)

Base case. Range ~$51–$70. Weighted average of 6 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, forward price-to-earnings vs peers, dividend discount (two-stage)), the residual income counting double.

Price vs value

Modestly overvalued

The price is inside our value range, 12% above our base value.

Price used: $66.16, November 2, 2026

First American Financial Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 3 selling3 purchases and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds236 adding, 184 cuttingOf 62 active managers that changed their stake, 31 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter First American Financial files

10-Q filed October 23: First American Financial

Model value +6.1%

Revenue for the twelve months to September 2026 reached $8.09bn, a gain of 14.1% on the prior year. That pace has eased from the 22.6% recorded a quarter earlier. On our scorecard, the fundamentals grade slips from C+ to C. Despite the softer growth, our model value edges up from $65.55 to $69.52 a share. At a current price of $65.07, the stock trades a touch below that estimate. The rating stays Hold.

Source: 10-Q filed October 23, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where First American Financial stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $7.98bn, up 22.6% on a year earlier, about the same pace as a quarter earlier. That growth ranks 153 of 931 among all the companies we cover. Our valuation models combined value is $64.03 a share, against a share price of $66.07.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 10, 2027 (estimated)

First American Financial Corp's trailing-twelve-month revenue grew 14.1% year on year, with a free-cash-flow margin of 10.0%. Where it lags: change in growth rate of -8.4pp ranks 42 of 48 property & casualty insurance companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 14.4% while net income grew 51.9%: a 37pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $1.7bn.

Things to watch

  • Growth slowing. The growth rate is 8.4 points lower than a quarter earlier.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 8.0% over 90 days.
  • Earnings expected to fall. The consensus expects earnings per share to fall 0% next year.

Latest results: FY2026 Q3

Filed October 23, 2026
Earnings per share
$1.78 against an average estimate of $1.84: missed by 3.5%
Revenue
$2.08bn, up 5.3% on a year earlier
Share reaction
-1.8% in the first session after the results on October 21, 2026, against -0.7% for the S&P 500
Next report
October 21, 2026; average EPS estimate $1.69

First American Financial's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.7%
  • 1 week+3.3%
  • 1 month+5.9%
  • This year+10.5%
  • 1 year+9.5%
  • 5 years+7.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$8.1B
Net margin
9.1%
EPS (TTM, diluted)
$7.09

Growth

Revenue growth
+14.1%
Change in growth rate
−8.4 pts
Share count change
−0.7%

Earnings

Last results
October 21, 2026
Next results (est.)
February 10, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Our research
  4. Results
  5. Announcement
  6. Dividend
  7. Announcement
  8. Announcement
  9. Announcement
  10. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

First American Financial Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$59
Price used
$66.00close November 3, 2026
Implied change
▼ 10%
Uncertainty
Low

How we got here: the combined value of 6 valuation models built for a business like First American Financial Corp (see the models table below and how they are combined) , with a 8.03% cost of equity. The models span ~$51–~$70; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value First American Financial Corp as an insurer, with every model that fits that kind of business. Cost of equity 8%: the 10-year Treasury yield (4.9%) plus a beta of 0.69 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$52 ~$36–$75 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$51 ~$43–$64 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$70 ~$34–$110 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$69 ~$56–$120 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$70 ~$61–$88 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$51 ~$42–$64 Included
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$59 ~$51–$70 6 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare First American Financial Corp with property, casualty and specialty insurers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

67 /100

Moderate moat

How hard First American Financial's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 3.6% of total assets over 10 years.

  • Durability 4 / 20

    Net margin has been a median 7.9%; its worst year was 1.6%.

  • Discipline 19 / 20

    The diluted share count fell 7.5% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (72 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $6.87 +14% $8.1bn +9%
Next $6.85 −0% $8.2bn +1%

Next year's EPS estimate has moved −8.0% in 90 days, across 6 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −3.7% on 90 days ago. In the last 30 days, 0 analysts raised First American Financial Corp's forecast and 2 cut it.

Consensus EPS forecast First American Financial Corp, last 90 days
$6.80 $7.00 $7.20 $7.40 $7.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $7.13 Current fiscal year, 60 days ago: $7.14 Current fiscal year, 30 days ago: $7.14 Current fiscal year, 7 days ago: $7.08 Current fiscal year, Now: $6.87 $6.87 Next fiscal year, 90 days ago: $7.45 Next fiscal year, 60 days ago: $7.39 Next fiscal year, 30 days ago: $7.39 Next fiscal year, 7 days ago: $7.24 Next fiscal year, Now: $6.85 $6.85

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $7.13$7.45
60 days ago $7.14$7.39
30 days ago $7.14$7.39
7 days ago $7.08$7.24
Now $6.87$6.85

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.84 $1.78 −3.5%
Jun 2026 $1.84 $2.08 +13.1%
Mar 2026 $1.05 $1.33 +26.3%
Dec 2025 $1.43 $1.99 +38.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 21, 2026

No numeric guidance in First American Financial Corp's latest earnings release (filed October 21, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

6 analysts, Oct 2026
Buy6100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026246
  2. Sep 2026246
  3. Aug 2026246
  4. Jul 2026246

Counts of recommendations published by analysts covering First American Financial Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.2%
of tradable shares
Days to cover
6.16
at average volume
Short interest, 1 month
+5%
to October 15, 2026
Held by institutions
99%
of shares
Held by insiders
3.5%
of shares
Employees
19,102
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +9.5%

$60.41 on October 31, 2025 to $66.16

ThenNowEffect
Revenue (last 12 months) $6.5bn $8.0bn +22.6%
Net margin 2.9% 9.3% +222.2%
P/E multiple 33.3x 9.2x −72.5%
Share count 104m 103m +0.8%

Biggest factor: p/e multiple.

Last 3 years +32.1%

$50.09 on November 3, 2023 to $66.16

ThenNowEffect
Revenue (last 12 months) $6.6bn $8.0bn +20.9%
Net margin 3.6% 9.3% +156.0%
P/E multiple 21.8x 9.2x −58.0%
Share count 105m 103m +1.6%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FAF+56%−31%+28%+0%+2%+11%
Industry peers (median)+14%+1%+9%+31%+9%+10%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FAF75%33%50%50%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FAF−11%−44%−21%−17%−19%−23%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 50% from March 6, 2020 to March 18, 2020. Getting back needed a 101% gain, reached on April 23, 2021, 401 days after the low.

Price behaviour

52-week range
$55.86 – $78.43
From 52-week high
−15.6%
vs 50-day average
−1.4%
vs 200-day average
−0.6%
Volatility (1 year)
30%
Beta vs S&P 500
0.36

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±2.7%
After a week
7 up, 5 down
typical move ±3.7%
After a month
7 up, 4 down
typical move ±4.2%
Results releasedNext dayS&P 500 next day5 days21 days
October 21, 2026 −1.8% −0.7% −4.1% —
July 22, 2026 −3.8% −1.3% +9.1% +0.5%
April 22, 2026 +2.9% +0.6% +6.3% +1.4%
February 11, 2026 −0.6% −1.6% 0.0% −0.5%
October 22, 2025 +4.0% +0.1% +0.5% +2.7%
July 23, 2025 +3.6% +0.9% +4.7% +12.3%
April 23, 2025 +7.3% +3.7% +4.3% −5.0%
February 12, 2025 −0.8% +0.7% −0.5% +1.4%
October 23, 2024 −0.4% −0.7% +0.8% +3.5%
July 24, 2024 −0.2% −2.8% +4.1% +7.0%
April 24, 2024 −6.7% −0.4% −8.5% −6.7%
February 7, 2024 −0.6% +0.9% −1.1% −5.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How First American Financial Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

First American Financial Corp in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) First American Financial Corp
$5B $6B $7B $8B $9B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $6B Revenue (TTM), FY24 Q1: $6B Revenue (TTM), FY24 Q2: $5.9B Revenue (TTM), FY24 Q3: $5.9B Revenue (TTM), FY24 Q4: $6.1B Revenue (TTM), FY25 Q1: $6.3B Revenue (TTM), FY25 Q2: $6.5B Revenue (TTM), FY25 Q3: $7.1B Revenue (TTM), FY25 Q4: $7.5B Revenue (TTM), FY26 Q1: $7.7B Revenue (TTM), FY26 Q2: $8B Revenue (TTM), FY26 Q3: $8.1B $8.1B

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $6B
FY24 Q1 $6B
FY24 Q2 $5.9B
FY24 Q3 $5.9B
FY24 Q4 $6.1B
FY25 Q1 $6.3B
FY25 Q2 $6.5B
FY25 Q3 $7.1B
FY25 Q4 $7.5B
FY26 Q1 $7.7B
FY26 Q2 $8B
FY26 Q3 $8.1B
Revenue growth, TTM YoY First American Financial Corp
-40% -20% 0% 20% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -21.1% Revenue growth, TTM YoY, FY24 Q1: -14.8% Revenue growth, TTM YoY, FY24 Q2: -9.9% Revenue growth, TTM YoY, FY24 Q3: -6.2% Revenue growth, TTM YoY, FY24 Q4: 2.1% Revenue growth, TTM YoY, FY25 Q1: 5.1% Revenue growth, TTM YoY, FY25 Q2: 9.5% Revenue growth, TTM YoY, FY25 Q3: 20.7% Revenue growth, TTM YoY, FY25 Q4: 21.6% Revenue growth, TTM YoY, FY26 Q1: 22.6% Revenue growth, TTM YoY, FY26 Q2: 22.6% Revenue growth, TTM YoY, FY26 Q3: 14.1% 14.1%

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -21.1%
FY24 Q1 -14.8%
FY24 Q2 -9.9%
FY24 Q3 -6.2%
FY24 Q4 2.1%
FY25 Q1 5.1%
FY25 Q2 9.5%
FY25 Q3 20.7%
FY25 Q4 21.6%
FY26 Q1 22.6%
FY26 Q2 22.6%
FY26 Q3 14.1%
FCF margin (TTM) First American Financial Corp
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 1.5% FCF margin (TTM), FY24 Q1: 4.4% FCF margin (TTM), FY24 Q2: 4.7% FCF margin (TTM), FY24 Q3: 5.3% FCF margin (TTM), FY24 Q4: 11.1% FCF margin (TTM), FY25 Q1: 9.0% FCF margin (TTM), FY25 Q2: 10.2% FCF margin (TTM), FY25 Q3: 9.9% FCF margin (TTM), FY25 Q4: 10.2% FCF margin (TTM), FY26 Q1: 10.7% FCF margin (TTM), FY26 Q2: 10.4% FCF margin (TTM), FY26 Q3: 10.0% 10.0%

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 1.5%
FY24 Q1 4.4%
FY24 Q2 4.7%
FY24 Q3 5.3%
FY24 Q4 11.1%
FY25 Q1 9.0%
FY25 Q2 10.2%
FY25 Q3 9.9%
FY25 Q4 10.2%
FY26 Q1 10.7%
FY26 Q2 10.4%
FY26 Q3 10.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 4,047 3,907 3,821 4,542 4,956 4,678 5,175 5,576 5,772 5,748 6,202 7,086 9,221 7,605 6,004 6,128 7,452 8,090
Net income 122 128 78 301 186 234 288 343 423 474 707 696 1,241 263 217 131 622 733
Diluted EPS $1.18 $1.20 $0.73 $2.77 $1.71 $2.15 $2.62 $3.09 $3.76 $4.19 $6.22 $6.16 $11.14 $2.45 $2.07 $1.26 $6.00 $7.09
Growth (year on year)
Revenue −7.3% −3.5% −2.2% +18.9% +9.1% −5.6% +10.6% +7.7% +3.5% −0.4% +7.9% +14.3% +30.1% −17.5% −21.1% +2.1% +21.6% +14.1%
Net income — +4.4% −38.8% +284.6% −38.1% +25.3% +23.4% +19.1% +23.3% +12.2% +49.0% −1.6% +78.3% −78.8% −17.6% −39.5% +374.3% +51.9%
Diluted EPS — +1.7% −39.2% +279.5% −38.3% +25.7% +21.9% +17.9% +21.7% +11.4% +48.4% −1.0% +80.8% −78.0% −15.5% −39.1% +376.2% +52.9%
Margins
Net margin 3.0% 3.3% 2.0% 6.6% 3.8% 5.0% 5.6% 6.2% 7.3% 8.3% 11.4% 9.8% 13.5% 3.5% 3.6% 2.1% 8.3% 9.1%
Free-cash-flow margin 4.7% 1.7% 1.8% 7.6% 5.9% 5.6% 8.3% 6.4% 8.6% 11.7% 13.0% 13.7% 11.5% 6.8% 1.5% 11.1% 10.2% 10.0%
Cash flow
Cash from operations 234 157 137 430 378 361 551 489 632 793 913 1,085 1,220 778 354 898 951 970
Capital spending 42 89 70 84 87 97 124 132 134 118 107 114 161 260 263 218 188 164
Free cash flow 191 68 67 346 291 263 428 357 498 675 806 971 1,059 518 91 679 763 806
Stock-based pay 15 15 15 15 22 19 24 34 37 41 42 52 54 67 49 52 68 61
Free cash flow after stock pay 177 53 52 331 269 244 403 323 461 634 764 919 1,006 451 42 627 694 745
Balance sheet
Cash 631 743 445 671 835 1,190 1,027 1,006 1,387 1,467 1,486 1,275 1,228 1,224 3,605 1,718 1,387 1,731
Total debt 119 294 300 230 310 587 581 737 733 732 728 1,011 1,648 1,646 1,394 1,547 1,545 1,547
Net debt (negative = net cash) −512 −449 −145 −441 −525 −603 −446 −269 −654 −735 −758 −264 420 422 −2,211 −172 158 −184
Diluted shares 104m 106m 107m 109m 109m 109m 110m 111m 112m 113,279m 114m 113m 111m 107m 105m 104m 104m 103m
Returned to shareholders
Dividends — 13 25 45 51 90 109 132 159 178 188 199 213 218 217 221 223 168
Buybacks — — 3 — 65 0 0 0 0 19 2 139 99 441 73 69 122 56
Total returned — 13 28 45 116 90 109 132 159 197 190 338 312 658 289 289 345 224

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$55.5M
Dividends (TTM)
$168M
Returned to shareholders
28%
of free cash flow
Buybacks, last 3 fiscal years
$264M
Diluted share count
−0.7%
year over year
Total shareholder yield
3.3%
dividends 2.5% + buybacks 0.8% of market value
Dividend payout ratio
23%
of net income paid out

Competitors: side by side with peers

Closest by revenue in property & casualty insurance
Last 12 months unless stated FAF AFG AXS THG ORI MCY Median
Revenue, last 12 months $8.1bn $8.3bn $6.9bn $6.8bn $9.8bn $6.3bn $1.7bn
Revenue growth, last 12 months 14.1% −0.2% 9.8% 5.0% 12.5% 10.0% 8.0%
Revenue growth, 3-year average 8.9% 3.4% 7.3% 4.8% 8.7% 14.3% 9.5%
Revenue growth, latest quarter 5.3% 5.5% 6.9% 4.2% 5.2% 13.8% 4.2%
Operating margin — 14.5% — 15.2% — — 9.4%
Operating margin, 3-year average — 13.4% — 12.6% — — 1.8%
Net margin 9.1% 11.5% 14.6% 11.0% 11.2% 14.8% 10.5%
Cash from operations / revenue 12.0% 18.9% 38.4% 18.0% 11.6% 20.9% 18.2%
Free-cash-flow margin 10.0% 17.8% — 17.8% — 19.9% 17.6%
Free-cash-flow margin, 3-year average 8.4% 18.1% — 14.7% — 16.5% 16.5%
Stock pay / revenue 0.7% 0.3% 0.8% 0.6% — 0.0% 0.6%
Change in share count −0.7% −0.7% −7.8% −1.7% −1.1% 0.0% −0.7%

Median of all 48 companies we cover in property & casualty insurance. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

48 property & casualty insurance companies
Measure Company Peer median Rank
Revenue growth Growth 14.1% 8.3% 14 of 48
Change in growth rate Growth -8.4pp -0.7pp 42 of 48
Net margin Profitability 9.1% 10.8% 28 of 48
Stock pay as % of revenue Cash generation 0.7% 0.7% 20 of 34
Change in share count Balance sheet -0.7% -0.7% 23 of 47

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Title Insurance and Services $7B 93.2% ▲ 21.6%
Home Warranty $443M 5.9% ▲ 4.0%
Corporate $31.7M 0.4% —
Corporate and Eliminations $31.6M 0.4% —

From First American Financial Corp's 10-K filed February 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$6.8B
Institutions reporting
469
Shares held vs prior quarter
▲ 5.2%
Positions opened / closed
71 / 41

Top buyers and sellers, Q2 2026: 236 institutions bought and 184 sold ; the biggest buyer was LSV Asset Management (+2.3M shares) and the biggest seller Capital Research Global Investors (−1.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $644M 9.4M 9.4% ▲ 1.7%
FMR LLC $628M 9.2M 9.2% 0.0%
Boston Partners $401M 5.8M 5.9% ▲ 1.6%
Vanguard Portfolio Management LLC $371M 5.4M 5.4% ▲ 3.7%
Dimensional Fund Advisors LP $336M 4.9M 4.9% ▲ 5.6%
Vanguard Capital Management LLC $303M 4.4M 4.4% ▲ 0.7%
State Street Corp $232M 3.4M 3.4% ▲ 3.8%
Ariel Investments, LLC $222M 3.2M 3.2% ▼ 15.9%
LSV Asset Management $159M 2.3M 2.3% New
Arrowstreet Capital, Limited Partnership $136M 2.0M 2.0% ▲ 54.0%
Geode Capital Management, LLC $128M 1.9M 1.9% ▲ 0.7%
First Trust Advisors LP $118M 1.7M 1.7% ▲ 31.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not First American Financial Corp's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $4M 3 trades by 1 insider, last 12 months Insider sales History → $1.1M 4 trades by 3 insiders · 0% under pre-set plans
Net ▲ $2.9M net buying
Insider Date Trade Shares Price Value
Adams Steven A VP & Chief Accounting Officer July 24, 2026 Sell 0 $75.43 $0
Adams Steven A VP & Chief Accounting Officer July 24, 2026 Sell 3,253 $74.99 $243,912
Cornehl Lisa W SVP, Chief Legal Officer May 5, 2026 Sell 5,823 $68.63 $399,665
Mccarthy Margaret M Director April 24, 2026 Sell 6,630 $70.59 $468,012
Kennedy Parker S Director February 17, 2026 Buy 14,841 $67.70 $1M
Kennedy Parker S Director February 17, 2026 Buy 30,000 $67.92 $2M
Kennedy Parker S Director February 13, 2026 Buy 15,000 $67.17 $1M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 7 trades and filings

No trades in First American Financial Corp disclosed in the last 12 months; 7 earlier trades on record.

  • Lois Frankel(D-FL 22):Sale (full), $1,001 - $15,000, traded September 8, 2023, filed October 10, 2023
  • Lois Frankel(D-FL 21):Sale (partial), $1,001 - $15,000, traded July 30, 2019, filed September 3, 2019
  • Donna Shalala(FL):Sale (full), $1,001 - $15,000, traded April 3, 2019, filed April 27, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 10, 2027 estimated from the company's past filing pattern, not announced

  • October 21, 2026
  • July 22, 2026
  • April 22, 2026
  • February 11, 2026
  • October 22, 2025
  • July 23, 2025

Recent SEC filings

Data status

When each part of this page on First American Financial Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

First American Financial Corp in brief

What does First American Financial Corp do?
First American Financial Corp is a US-listed company in the property & casualty insurance industry. Its financial year ends in December.
What is First American Financial Corp's stock ticker?
First American Financial Corp trades under the ticker FAF on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is First American Financial Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, First American Financial Corp reported revenue of $8.1B, 14.1% higher than a year earlier, according to its SEC filings.
What is First American Financial Corp's free cash flow?
First American Financial Corp's free-cash-flow margin is 10.0% of revenue over the trailing twelve months.
Who are First American Financial Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Boston Partners. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is First American Financial Corp buying back stock, and does it pay a dividend?
First American Financial Corp spent $55.5M on share repurchases over the trailing twelve months, and its diluted share count fell 0.7% over the year.
What is First American Financial Corp's market cap?
On November 2, 2026, First American Financial Corp's market capitalisation was about $6.8B, with a price-to-earnings ratio of 9.3 and net debt of -$184M. Market figures come from third-party market data and may be delayed.
Does First American Financial Corp pay a dividend?
Yes: First American Financial Corp paid $168M in dividends over the trailing twelve months, a dividend yield of 2.49% and a payout ratio of 23.0%.
Who are First American Financial Corp's competitors?
In our Property & Casualty Insurance peer group, the companies closest to First American Financial Corp are American Financial Group Inc, Axis Capital Holdings LTD, Hanover Insurance Group, Inc., OLD Republic International Corp and Mercury General Corp. The side-by-side comparison below sets their revenue, margins and growth against First American Financial Corp's.
Are insiders buying or selling First American Financial Corp stock?
Over the last 12 months, First American Financial Corp's directors and officers reported 3 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is First American Financial Corp's next earnings date?
Around February 10, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — First American Financial Corp announces its own schedule.