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First American Financial FAF Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims

Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims at other companies

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American Coastal Insurance CorporationACIC
$10.24M-10.1%

Segments

By segment

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Title Insurance And Services$45.3M+14.7%
Home Warranty$41.7M-2.6%
Corporate$400K+300%

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 us-gaap:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1.

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
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Personnel costs614.3571.11,182.51,077.8
Premiums retained by agents658.6573.51,260.81,099.0
Other operating expenses352.1309.4662.5587.7
Provision for policy losses and other claims87.381.9165.1152.0
Depreciation and amortization53.653.0108.2105.5
Premium taxes21.819.242.936.6
Interest45.738.087.673.2
1,833.41,646.13,509.63,131.8

Item 1. Financial Statements.

FAQ

What is First American Financial's liability for unpaid claims and claims adjustment expense, incurred claims?
First American Financial (FAF) reported liability for unpaid claims and claims adjustment expense, incurred claims of $87.3M in Q2 2026.
How has First American Financial's liability for unpaid claims and claims adjustment expense, incurred claims changed year-over-year?
First American Financial's liability for unpaid claims and claims adjustment expense, incurred claims increased by 6.6% year-over-year, from $81.9M to $87.3M.
What is the long-term trend for First American Financial's liability for unpaid claims and claims adjustment expense, incurred claims?
Over 4 years (2021 to 2025), First American Financial's liability for unpaid claims and claims adjustment expense, incurred claims has grown at a -13.7% compound annual growth rate (CAGR), from $588.7M to $326.6M.
What does liability for unpaid claims and claims adjustment expense, incurred claims mean?
Represents the estimated total liability for insurance claims that have been reported but not yet settled, as well as claims incurred but not yet reported. This figure reflects the company's actuarial assessment of future obligations arising from its underwriting activities. It is a critical indicator of long-term insurance risk and reserve adequacy.

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