NYSE$FAF
First American Financial Corp · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
First American Financial's Q4 2022 financial results were reported, showing a decrease in revenue and earnings compared to the previous year, but expense management and investment income growth helped mitigate the impact of the challenging real estate market.
First American Financial Corporation reported a 29% decrease in total revenue to $1.7 billion for Q4 2022, with earnings per diluted share at $0.52. The company's results were impacted by a cyclical decline in the real estate market, but were partially offset by expense management and growth in investment income. The company returned $658 million to shareholders through share repurchases and dividends in 2022.
- Earnings per diluted share were $0.52, or $1.35 excluding $0.83 of net investment losses.
- Total revenue was $1.7 billion, a 29% decrease compared to the previous year.
- Commercial title revenues decreased by 34% to $251 million.
- Title Insurance and Services segment investment income increased by 169% to $132 million.
Headline financials
Revenue & EPS history
First American · Revenue · Quarterly
$1.69B
Revenue by segment
First American · $1.72B total across 2 segments · Q4 2022
- Title Insurance and Services$1.61B-28.8%93.7%
- Home Warranty$108M+3.8%6.3%
Forward guidance
First American anticipates early signs of stabilization in the purchase market and believes the company is well-positioned for long-term growth, planning to continue investing in strategic initiatives, pursuing acquisitions, and returning capital to shareholders.
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 Q4 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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