AI-extracted from the 10-Q filed 2026-10-23 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
First American's Q3 2026 revenue rose 5.3% to $2.08B and net income attributable to the Company fell to $177.0M ($1.72 diluted EPS) from $189.6M, with title insurance and services driving growth.
Biggest Revenue Drivers
Title Insurance and Services$1,972.9M+7.5% YoY
Increases in agent premiums of $69.6M and direct premiums and escrow fees of $41.3M, driven by domestic commercial transactions and higher average revenue per order.
Home Warranty$114.7M+0.1% YoY
Direct premiums rose slightly, primarily from an increase in the average price per policy.
Biggest Revenue Drivers
Total revenue: $2.08B+5.3% YoY
Title Insurance and Services$1,972.9M+7.5% YoY
Increases in agent premiums of $69.6M and direct premiums and escrow fees of $41.3M, driven by domestic commercial transactions and higher average revenue per order.
Home Warranty$114.7M+0.1% YoY
Direct premiums rose slightly, primarily from an increase in the average price per policy.
Corporate and Eliminations$(3.0)M-110.6% YoY
Net investment losses on venture investments and fluctuations in deferred compensation plan investment earnings.
Largest Expense Items
Personnel costs$597.4M+3.9% YoY
Primarily higher incentive compensation expense due to higher revenue and profitability, and higher salaries expense.
Premiums retained by agents$695.6M+8.7% YoY
Agents retained 80.1% of title premiums generated by agency operations, consistent with the prior year.
Other operating expenses$343.6M+11.1% YoY
Higher production expenses on higher volumes and an increase in software expense.
Margins: Pretax margin for the title insurance and services segment was 12.4% versus 12.9% a year earlier, and the home warranty segment margin fell to 9.9% from 14.1%, with the filing citing higher expenses and lower investment results.
Watch Items from the Filing
Net investment gains were $(1.6)M in Q3 2026 versus $26.3M a year earlier, reducing reported revenue growth.
Accumulated other comprehensive loss widened to $(709.2)M at September 30, 2026 from $(256.7)M at December 31, 2025, driven by unrealized losses on debt securities.
Domestic title orders opened per day fell 8.2% in Q3 2026, with residential purchase and refinance orders down 5.1% and 16.4%.
Holding company liquidity of $355.4M cash plus $900.0M undrawn revolver; quarterly dividend raised 11% to $0.61 per share.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About First American Financial Corp (FAF): stock profile, AI score and financials
First American Financial Corp (FAF) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores FAF at 73.9/100 on a composite quality score built from its SEC filings, placing it at rank #118 of 2,925 stocks — the top 5% of the AI-ranked universe. FAF scores in the top quartile across revenue scale (84.0), revenue growth (77.4). Based on the latest XBRL financial filings (Q3 2026), First American Financial Corp reports quarterly revenue of $2.1B, net income of $177.0M, an operating margin of 10.9%. Top institutional holders of FAF by reported 13-F value include BlackRock, FMR, Boston Partners, based on the most recent SEC filings. FAF trades on the NYSE exchange and files with the SEC under CIK 1472787. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FAF daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for First American Financial Corp directly from SEC EDGAR.