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First American Financial FAF Title Insurance And Services — Pretax Margin Gaap

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Other financials

Income statement

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Revenue$2.1B+15.0%
Net income$218.5M+49.6%
EPS (diluted)$2.12+50.4%

Balance sheet

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Cash & equivalents$2.6B+29.2%
Total debt$1.8B-0.9%
Total equity$5.6B+9.6%
Total assets$18.9B+16.4%

Cash flow

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Operating cash flow$356.6M-1.4%
CapEx$39.2M-25.2%
Free cash flow$317.4M+2.6%

Valuation

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Market cap$7.66B+20.0%
Enterprise value$6.78B+10.9%
P/E10.3×-23.5×
P/S0.0×

Profitability

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Net margin9.3%+6.4pp
FCF margin10.4%+0.2pp

Returns & leverage

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Return on equity13.9%+10.1pp
Debt / equity0.3×0.0×

Where this comes from

Reported directly by First American Financial in its filing.

Tagged under the XBRL concept faf:PretaxMarginGaap.

The source filing: First American Financial’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:55 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-314255
(dollars in millions)Title Insurance and ServicesHome WarrantyCorporateEliminationsConsolidated
Provision for policy losses45.341.70.4(0.1)87.3
Depreciation and amortization52.31.40.1(0.2)53.6
Premium taxes20.61.221.8
Interest30.415.20.145.7
Segment income (loss) before income taxes$315.9$24.2$(56.2)$283.9
Pretax margin (3)15.7%21.3%
Segment assets$17,973.9$435.5$795.2$(263.6)$18,941.0
Segment capital expenditures$39.9$1.4$41.3

Item 1. Financial Statements.

FAQ

What is First American Financial's title insurance and services — pretax margin gaap?
First American Financial (FAF) reported title insurance and services — pretax margin gaap of 15.7% in Q2 2026.
How has First American Financial's title insurance and services — pretax margin gaap changed year-over-year?
First American Financial's title insurance and services — pretax margin gaap increased by 24.6% year-over-year, from 12.6% to 15.7%.
What is the long-term trend for First American Financial's title insurance and services — pretax margin gaap?
Over 3 years (2022 to 2025), First American Financial's title insurance and services — pretax margin gaap has grown at a 49.9% compound annual growth rate (CAGR), from 10% to 33.7%.
What does title insurance and services — pretax margin gaap mean?
This ratio measures the percentage of revenue that remains as profit before income taxes are deducted, specifically for the title insurance segment. It reflects the operational efficiency and pricing power of the segment by showing how much profit is generated for every dollar of revenue earned.

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