First American Financial (FAF) investor relations material

Market position and business overview

• Holds a leading position in the title and settlement services industry with $7.5B in total revenue and 19,100 employees as of 2025.

• Maintains a 25.9% title market share and operates 800 offices across 8 countries.

• Recognized as a top workplace for 10 consecutive years.

• Largest proprietary title plant and property record database in the industry.

Financial performance and trends

• Total revenue rebounded to $7.5B in 2025, with adjusted EPS at $6.05 and cash from operations at $1.22B.

• Adjusted title segment pretax margin improved to 12.2% in 2025, up from 10.3% in 2024.

• Commercial direct revenue grew 32% in 2025, with strong pipeline and broad-based asset class growth continuing into 2026.

• Investment income expected to grow moderately, with each 25 bps Fed move impacting income by $15–$20M annually.

• Purchase and refinance markets remain weak due to high mortgage rates and affordability constraints, but long-term demand drivers are favorable.

Strategic priorities and growth initiatives

• Focused on profitably growing core title and settlement business, leveraging innovation and AI, and expanding multi-brand marketing.

• Expanding data advantage to drive automation, new business opportunities, and organic growth in data licensing.

• Investing in complementary businesses, including home warranty and international expansion in Canada, Europe, and Australia.

• Disciplined M&A strategy targets companies that expand footprint, enhance data, or complement title operations.