Latest revenue
$152.4M
as of 2026-03-31
Latest net income
$125.1M
as of 2026-03-31
Net margin
82.1%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $6.95B
- Enterprise value
- $6.95B
- P/E (trailing)
- 11.2×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 3.2%
- 52-wk high
- $71.47
- 52-wk low
- $53.09
- Beta
- —
- Shares out
- 101.9M
5-year trend
What this company does
First American Financial underwrites title insurance and provides settlement, escrow, and closing services for residential and commercial real estate transactions in the US and abroad. Title insurance and related services generated 93.6% of 2025 revenue, with premiums collected directly or through independent agents who remit a portion to the insurer. The business is tightly tethered to mortgage and real estate transaction volumes, while management is pushing automation and data-driven underwriting to cut costs and speed closings.
Generated from FAF's filing dated 2026-02-18
Key risks
- Revenue concentration: 93.6% of consolidated revenues derive from title insurance segment, leaving FAF highly exposed to U.S. real estate and mortgage activity cycles.
- Interest-rate sensitivity: business depends on residential/commercial real estate transaction volumes, which remain pressured by elevated mortgage rates and weak refinance activity.
- Cybersecurity/escrow exposure: closing protection letters and escrow operations expose FAF to fraud losses; prior 2023 cyber incident underscores ongoing IT risk.
Generated from FAF's filing dated 2026-02-18
Profitability
Net margin
8.3%
290.0%Return on equity
11.3%
323.3%Return on assets
3.8%
335.7%Leverage
Debt / equity
1.95×
4.2%Debt / assets
66.1%
1.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $152.4M | +12.7% | $125.1M | +68.6% | 82.1% |
Q4 2025 2025-12-31 | $6.99B | +22.2% | $211.9M | +334.7% | 3.0% |
Q3 2025 2025-09-30 | $163.8M | +11.7% | $189.6M | +223.0% | 115.8% |
Q2 2025 2025-06-30 | $160.2M | +23.3% | $146.1M | +25.9% | 91.2% |
Q1 2025 2025-03-31 | $135.2M | +5.7% | $74.2M | +58.9% | 54.9% |
Q4 2024 2024-12-31 | $5.72B | — | $-90.3M | — | -1.6% |
Q3 2024 2024-09-30 | $146.6M | +5.4% | $58.7M | +3552.9% | 40.0% |
Q2 2024 2024-06-30 | $129.9M | -13.6% | $116.0M | -16.2% | 89.3% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Title Insurance · SIC 6361
Your notes
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Insider activity
Insider buying
$4.1M
Insider selling
$1.6M
Net activity
+$2.5M
Distinct insiders
4
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns FAF
Institutional value
$2.87B
Total shares held
48.1M
Distinct holders
285
-95 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 9.2M | $556.2M | +70.7K (+0.8%) | Added |
| 2 | Boston Partners | 5.7M | $346.3M | -167.5K (-2.8%) | Trimmed |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 5.2M | $314.5M | — | New |
| 4 | DIMENSIONAL FUND ADVISORS LP | 4.6M | $279.5M | +245.3K (+5.6%) | Added |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 4.4M | $264.7M | — | New |
| 6 | Capital World Investors | 1.9M | $112.7M | — | New |
| 7 | Capital Research Global Investors | 1.5M | $93.2M | -1.9M (-54.7%) | Trimmed |
| 8 | REINHART PARTNERS, LLC. | 1.5M | $91.9M | +10.3K (+0.7%) | Added |
| 9 | FIRST TRUST ADVISORS LP | 1.3M | $78.7M | +684.1K (+110.2%) | Added |
| 10 | Manning & Napier Advisors LLC | 953.2K | $57.5M | -73.3K (-7.1%) | Trimmed |
| 11 | Bank of New York Mellon Corp | 899.2K | $54.2M | +25.7K (+2.9%) | Added |
| 12 | VANGUARD FIDUCIARY TRUST CO | 628.9K | $37.9M | — | New |
| 13 | Invesco Ltd. | 522.0K | $31.5M | +19.9K (+4.0%) | Added |
| 14 | ProShare Advisors LLC | 406.6K | $24.5M | +402.5K (+9851.7%) | Added |
| 15 | BARROW HANLEY MEWHINNEY & STRAUSS LLC | 391.6K | $23.6M | +48.1K (+14.0%) | Added |
| 16 | NEW YORK STATE COMMON RETIREMENT FUND | 372.6K | $22.5M | -200 (-0.1%) | Trimmed |
| 17 | Fisher Asset Management, LLC | 371.4K | $22.4M | -20.8K (-5.3%) | Trimmed |
| 18 | FIRST AMERICAN TRUST, FSB | 347.8K | $21.0M | +538 (+0.2%) | Added |
| 19 | UBS Group AG | 330.7K | $19.9M | -455.4K (-57.9%) | Trimmed |
| 20 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 328.4K | $19.8M | -4.4K (-1.3%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With 93.6% revenue concentration in title insurance, how are you offsetting prolonged mortgage origination weakness beyond cost cuts?
- 2
Can you quantify remaining financial exposure and remediation costs from the 2024 cyber incident, including reserves taken?
- 3
What's the current loss ratio trend, and are reserves adequate given commercial real estate stress in your insured portfolio?
Refreshed when FAF files a new report · last from 2026-02-18