First American Financial Corp

firstam.com

First American Financial Corp (NYSE: FAF) is a title insurance and settlement services company that protects owners and lenders against defects in real property title through its title insurance and services segment and its home warranty segment. Revenue is primarily transactional: premiums are earned in full at the close of a real estate transaction, with additional income from closing and escrow services, data and analytics products, banking and trust services, warehouse lending, and mortgage subservicing. The business operates through a network of direct operations and authorized agents across 49 states, the District of Columbia, and several U.S. territories, with international operations in Canada, the United Kingdom, various European countries, South Korea, Australia, and New Zealand accounting for approximately 7.6% of title insurance and services revenue (FY2025). Demand is directly tied to residential and commercial real estate transaction volumes, making results cyclical and sensitive to mortgage interest rates. The company's federal savings bank subsidiary held $6.8 billion in assets and $6.2 billion in deposits as of December 31, 2025, with fiduciary and custody assets of $5.6 billion, including $2.8 billion in managed assets.