May 11, 2021
Business News

First American Financial Reports First Quarter 2021 Results

SANTA ANA, Calif.–()–First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced financial results for the first quarter ended March 31, 2021.

Current Quarter Highlights

  • Total revenue of $2.0 billion, up 43 percent compared with last year

    • Closed title orders up 42 percent, driven by a 70 percent increase in refinance orders
    • Average revenue per order down 9 percent, driven by the shift to refinance transactions
  • Net realized investment gains of $66.8 million, or 46 cents per diluted share

    • Primarily due to gains recognized on venture investments of $42.1 million
  • Title Insurance…

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