First American Financial reported second-quarter 2026 total revenue of $2.12 billion and net income attributable to the company of $218.5 million, or $2.12 per diluted share. Adjusted net income was $214.4 million, or $2.08 per diluted share. The company said Title Insurance and Services segment investment income rose and commercial revenues grew sharply year‑over‑year.
Financial Highlights
- Total revenue: $2,117.3 million for the three months ended June 30, 2026 (up 15% year-over-year).
- Net income attributable to the company: $218.5 million for Q2 2026; net income per diluted share: $2.12.
- Adjusted net income: $214.4 million; adjusted diluted EPS: $2.08.
- Income before taxes (consolidated): $283.9 million for the quarter.
- Cash dividends declared per share: $0.55 for the quarter.
Business Highlights
- Title Insurance and Services segment total revenues were $2,014.6 million in Q2 2026, up 17% versus Q2 2025.
- Title segment pretax margin was 15.7% (adjusted pretax margin 14.0%); segment investment income rose 11% to $164.0 million.
- U.S. commercial title revenues were $314.1 million in the quarter, up 34% year-over-year, with average revenue per commercial order of $19,980.
- Home Warranty segment total revenues were $113.8 million with a pretax margin of 21.3%; claim loss rate declined to 40% driven by lower claim frequency.
- Operational order activity: U.S. direct title open orders ~188,200 and closed orders ~137,300 for the quarter; average revenue per direct title order rose to $4,572.
Original SEC Filing:
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