NYSE$FAF
First American Financial Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
First American Financial's second quarter 2022 financial results were announced.
First American Financial Corporation reported a decrease in total revenue by 9% to $2.1 billion compared to the second quarter of 2021. Net income decreased to $109 million, or $1.01 per diluted share, from $302 million, or $2.72 per diluted share, in the same quarter of the previous year. Excluding net investment losses, total revenue increased by 1%.
- Earnings per diluted share were $1.01, or $1.97 excluding 96 cents of net investment losses.
- Total revenue was $2.1 billion, down 9 percent compared with last year; excluding net investment losses, total revenue was up 1 percent compared with last year.
- Title Insurance and Services segment pretax margin was 11.7 percent, or 13.9 percent excluding net investment losses.
- Commercial revenues were $289 million, up 30 percent compared with last year.
Headline financials
Revenue & EPS history
First American · Revenue · Quarterly
$2.06B
Revenue by segment
First American · $2.16B total across 2 segments · Q2 2022
- Title Insurance and Services$2.05B-2.6%95.3%
- Home Warranty$102M-5.2%4.7%
Forward guidance
First American is maintaining its focus on expense management and is committed to investing in strategic initiatives that support the company’s growth and operational efficiency.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+1.2%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+1.7%
Avg return
30 days after
59%
40 / 68 earnings
Positive
+10.6%
Q1 2020
Best reaction
-7.3%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.5% | +6.1% | +2.5% | |
| Q4 2025 | +2.8% | +5.7% | +2.1% | |
| Q3 2025 | +3.2% | +2.3% | +5.2% | |
| Q2 2025 | -2.1% | -1.8% | +2.5% | |
| Q1 2025 | +4.9% | +2.8% | -6.8% | |
| Q3 2024 | -0.4% | -0.3% | +5.4% | |
| Q2 2024 | -0.2% | +2.9% | +10.2% | |
| Q1 2024 | -6.7% | -6.9% | -5.6% | |
| Q4 2023 | -0.6% | +1.5% | -6.0% | |
| Q3 2023 | +0.3% | +2.8% | +16.1% | |
| Q2 2023 | +4.9% | +5.1% | +0.1% | |
| Q1 2023 | +4.2% | +3.4% | -0.1% | |
| Q4 2022 | -2.2% | -0.6% | -13.9% | |
| Q3 2022 | +8.5% | +8.4% | +17.3% | |
| Q2 2022 | +2.0% | -1.5% | -0.1% | |
| Q1 2022 | -3.0% | +0.3% | +0.8% | |
| Q4 2021 | -7.3% | -7.4% | -12.2% | |
| Q3 2021 | -0.5% | +0.2% | +4.7% | |
| Q2 2021 | +3.1% | +2.8% | +8.0% | |
| Q1 2021 | +3.8% | +6.3% | +6.1% | |
| Q4 2020 | +3.0% | +2.6% | +5.6% | |
| Q3 2020 | -6.1% | -9.7% | -1.8% | |
| Q2 2020 | -2.5% | -6.0% | -8.7% | |
| Q1 2020 | +10.6% | +17.1% | +21.8% | |
| Q4 2019 | +5.0% | +5.4% | -13.9% | |
| Q3 2019 | +2.9% | +1.4% | +3.6% | |
| Q2 2019 | +3.5% | +4.2% | +3.2% | |
| Q1 2019 | +3.0% | +1.5% | -1.7% | |
| Q4 2018 | -1.6% | -2.7% | -3.7% | |
| Q3 2018 | +1.2% | +3.7% | +7.8% | |
| Q2 2018 | +3.2% | +2.8% | +3.9% | |
| Q1 2018 | -5.7% | -5.0% | -1.0% | |
| Q4 2017 | -4.7% | +0.1% | +3.7% | |
| Q3 2017 | +4.5% | +6.6% | +7.8% | |
| Q2 2017 | +5.6% | +4.7% | +4.6% | |
| Q1 2017 | +6.5% | +4.2% | +5.7% | |
| Q4 2016 | -0.3% | +0.1% | -3.4% | |
| Q3 2016 | -3.3% | -2.0% | -4.6% | |
| Q2 2016 | +2.1% | +0.6% | +1.9% | |
| Q1 2016 | -0.9% | — | — | |
| Q4 2015 | +9.8% | — | — | |
| Q3 2015 | -0.2% | — | — | |
| Q2 2015 | +4.5% | — | — | |
| Q1 2015 | +3.0% | — | — | |
| Q4 2014 | +5.6% | — | — | |
| Q3 2014 | +4.4% | — | — | |
| Q2 2014 | -2.2% | — | — | |
| Q1 2014 | +3.4% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | +0.6% | — | — | |
| Q2 2013 | +2.0% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2012 | -0.8% | — | — | |
| Q3 2012 | -1.7% | — | — | |
| Q2 2012 | +4.3% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q4 2008 | +3.3% | — | — | |
| Q4 2011 | +3.3% | — | — | |
| Q3 2011 | +4.3% | — | — | |
| Q2 2011 | -3.7% | — | — | |
| Q1 2010 | -1.6% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q4 2010 | -1.0% | — | — | |
| Q3 2010 | +2.8% | — | — | |
| Q3 2009 | +2.8% | — | — | |
| Q2 2010 | -2.8% | — | — | |
| Q2 2009 | -2.8% | — | — | |
| Q4 2009 | -2.8% | — | — |
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