First American Financial Corp
NYSE:FAF
Income Statement
Income Statement
First American Financial Corp
| Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
20
|
16
|
14
|
13
|
15
|
16
|
15
|
14
|
12
|
11
|
12
|
10
|
9
|
9
|
11
|
13
|
15
|
16
|
16
|
17
|
19
|
23
|
25
|
28
|
29
|
30
|
30
|
31
|
32
|
33
|
34
|
36
|
36
|
36
|
38
|
39
|
41
|
44
|
46
|
47
|
48
|
48
|
49
|
53
|
57
|
62
|
65
|
68
|
72
|
75
|
78
|
83
|
93
|
102
|
117
|
129
|
133
|
138
|
139
|
139
|
150
|
151
|
153
|
157
|
0
|
|
| Gross Premiums Earned |
3 952
|
3 982
|
3 909
|
3 816
|
3 810
|
3 841
|
3 801
|
3 776
|
3 748
|
3 782
|
3 940
|
4 126
|
4 397
|
4 565
|
4 761
|
4 905
|
4 857
|
4 735
|
4 593
|
4 534
|
4 577
|
4 676
|
4 848
|
4 990
|
5 082
|
5 159
|
5 190
|
5 289
|
5 427
|
5 542
|
5 616
|
5 634
|
5 599
|
5 575
|
5 607
|
5 588
|
5 574
|
5 502
|
5 486
|
5 616
|
5 820
|
6 063
|
6 132
|
6 355
|
6 760
|
7 238
|
7 881
|
8 295
|
8 570
|
8 691
|
8 709
|
8 429
|
7 781
|
7 070
|
6 418
|
5 974
|
5 640
|
5 608
|
5 613
|
5 679
|
5 969
|
6 139
|
6 334
|
6 552
|
6 810
|
|
| Revenue |
4 087
N/A
|
4 085
0%
|
4 027
-1%
|
3 929
-2%
|
3 915
0%
|
3 935
+1%
|
3 891
-1%
|
3 855
-1%
|
3 830
-1%
|
3 863
+1%
|
4 026
+4%
|
4 265
+6%
|
4 545
+7%
|
4 723
+4%
|
4 921
+4%
|
5 013
+2%
|
4 956
-1%
|
4 822
-3%
|
4 684
-3%
|
4 642
-1%
|
4 680
+1%
|
4 778
+2%
|
4 952
+4%
|
5 076
+3%
|
5 176
+2%
|
5 266
+2%
|
5 304
+1%
|
5 428
+2%
|
5 576
+3%
|
5 691
+2%
|
5 784
+2%
|
5 795
+0%
|
5 772
0%
|
5 753
0%
|
5 790
+1%
|
5 812
+0%
|
5 748
-1%
|
5 754
+0%
|
5 762
+0%
|
5 891
+2%
|
6 202
+5%
|
6 311
+2%
|
6 422
+2%
|
6 664
+4%
|
7 087
+6%
|
7 657
+8%
|
8 271
+8%
|
8 718
+5%
|
9 093
+4%
|
9 221
+1%
|
9 138
-1%
|
8 752
-4%
|
7 923
-9%
|
7 292
-8%
|
6 796
-7%
|
6 441
-5%
|
6 004
-7%
|
6 118
+2%
|
6 086
-1%
|
5 874
-3%
|
6 128
+4%
|
6 288
+3%
|
6 517
+4%
|
7 088
+9%
|
7 452
+5%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(3 823)
|
(3 832)
|
(3 787)
|
(3 703)
|
(3 680)
|
(3 749)
|
(3 716)
|
(3 696)
|
(3 678)
|
(3 639)
|
(3 738)
|
(3 871)
|
(4 065)
|
(4 240)
|
(4 487)
|
(4 627)
|
(4 630)
|
(4 520)
|
(4 364)
|
(4 313)
|
(4 308)
|
(4 381)
|
(4 487)
|
(4 609)
|
(4 714)
|
(4 787)
|
(4 812)
|
(4 885)
|
(5 066)
|
(5 172)
|
(5 233)
|
(5 392)
|
(5 291)
|
(5 262)
|
(5 280)
|
(5 123)
|
(5 097)
|
(5 052)
|
(5 030)
|
(5 108)
|
(5 249)
|
(5 428)
|
(5 541)
|
(5 708)
|
(6 051)
|
(6 481)
|
(6 961)
|
(7 259)
|
(7 507)
|
(7 688)
|
(7 739)
|
(7 609)
|
(7 186)
|
(6 659)
|
(6 192)
|
(5 836)
|
(5 597)
|
(5 571)
|
(5 562)
|
(5 629)
|
(5 813)
|
(5 932)
|
(6 114)
|
(6 292)
|
(6 469)
|
|
| Selling, General & Administrative |
(1 217)
|
(1 204)
|
(1 192)
|
(1 197)
|
(1 214)
|
(1 215)
|
(1 207)
|
(1 192)
|
(1 187)
|
(1 201)
|
(1 229)
|
(1 281)
|
(1 335)
|
(1 374)
|
(1 417)
|
(1 451)
|
(1 446)
|
(1 428)
|
(1 417)
|
(1 404)
|
(1 411)
|
(1 450)
|
(1 485)
|
(1 520)
|
(1 595)
|
(1 612)
|
(1 641)
|
(1 679)
|
(1 757)
|
(1 789)
|
(1 816)
|
(1 976)
|
(1 899)
|
(1 897)
|
(1 902)
|
(1 752)
|
(1 749)
|
(1 777)
|
(1 805)
|
(1 856)
|
(1 926)
|
(1 915)
|
(1 889)
|
(1 899)
|
(2 064)
|
(2 047)
|
(2 184)
|
(2 257)
|
(2 468)
|
(2 417)
|
(2 447)
|
(2 432)
|
(2 433)
|
(2 226)
|
(2 122)
|
(2 038)
|
(2 112)
|
(1 986)
|
(1 981)
|
(2 019)
|
(2 176)
|
(2 081)
|
(2 143)
|
(2 195)
|
(2 260)
|
|
| Depreciation & Amortization |
(84)
|
(82)
|
(82)
|
(81)
|
(81)
|
(80)
|
(78)
|
(78)
|
(77)
|
(76)
|
(76)
|
(75)
|
(75)
|
(75)
|
(75)
|
(75)
|
(75)
|
(77)
|
(78)
|
(84)
|
(86)
|
(87)
|
(88)
|
(85)
|
(86)
|
(87)
|
(90)
|
(93)
|
(99)
|
(107)
|
(113)
|
(124)
|
(128)
|
(128)
|
(129)
|
(124)
|
(126)
|
(129)
|
(131)
|
(131)
|
(129)
|
(128)
|
(136)
|
(142)
|
(149)
|
(156)
|
(156)
|
(157)
|
(158)
|
(161)
|
(162)
|
(164)
|
(167)
|
(172)
|
(176)
|
(182)
|
(189)
|
(193)
|
(199)
|
(205)
|
(207)
|
(210)
|
(211)
|
(212)
|
(216)
|
|
| Benefits Claims Loss Adjustment |
(347)
|
(335)
|
(322)
|
(322)
|
(321)
|
(379)
|
(374)
|
(399)
|
(420)
|
(377)
|
(396)
|
(390)
|
(398)
|
(427)
|
(530)
|
(539)
|
(530)
|
(504)
|
(434)
|
(438)
|
(450)
|
(462)
|
(456)
|
(476)
|
(491)
|
(497)
|
(496)
|
(494)
|
(489)
|
(484)
|
(473)
|
(456)
|
(450)
|
(449)
|
(451)
|
(453)
|
(453)
|
(450)
|
(445)
|
(448)
|
(446)
|
(466)
|
(495)
|
(529)
|
(580)
|
(602)
|
(614)
|
(611)
|
(589)
|
(571)
|
(548)
|
(523)
|
(486)
|
(446)
|
(409)
|
(369)
|
(336)
|
(324)
|
(314)
|
(314)
|
(320)
|
(321)
|
(323)
|
(322)
|
(327)
|
|
| Other Operating Expenses |
(2 175)
|
(2 212)
|
(2 191)
|
(2 103)
|
(2 064)
|
(2 076)
|
(2 057)
|
(2 027)
|
(1 995)
|
(1 986)
|
(2 038)
|
(2 125)
|
(2 258)
|
(2 363)
|
(2 465)
|
(2 562)
|
(2 579)
|
(2 512)
|
(2 435)
|
(2 386)
|
(2 362)
|
(2 381)
|
(2 456)
|
(2 526)
|
(2 542)
|
(2 592)
|
(2 586)
|
(2 619)
|
(2 722)
|
(2 793)
|
(2 832)
|
(2 836)
|
(2 814)
|
(2 788)
|
(2 798)
|
(2 793)
|
(2 770)
|
(2 697)
|
(2 649)
|
(2 673)
|
(2 748)
|
(2 920)
|
(3 021)
|
(3 138)
|
(3 259)
|
(3 675)
|
(4 008)
|
(4 234)
|
(4 292)
|
(4 540)
|
(4 583)
|
(4 490)
|
(4 100)
|
(3 816)
|
(3 485)
|
(3 247)
|
(2 960)
|
(3 068)
|
(3 069)
|
(3 091)
|
(3 110)
|
(3 320)
|
(3 437)
|
(3 563)
|
(3 666)
|
|
| Operating Income |
264
N/A
|
253
-4%
|
240
-5%
|
226
-6%
|
235
+4%
|
186
-21%
|
175
-6%
|
159
-9%
|
152
-5%
|
224
+48%
|
288
+28%
|
395
+37%
|
480
+22%
|
483
+1%
|
433
-10%
|
386
-11%
|
326
-16%
|
302
-7%
|
320
+6%
|
330
+3%
|
372
+13%
|
397
+7%
|
465
+17%
|
467
+0%
|
462
-1%
|
479
+4%
|
492
+3%
|
544
+11%
|
510
-6%
|
519
+2%
|
551
+6%
|
403
-27%
|
481
+19%
|
491
+2%
|
510
+4%
|
689
+35%
|
651
-6%
|
702
+8%
|
731
+4%
|
783
+7%
|
953
+22%
|
884
-7%
|
881
0%
|
956
+9%
|
1 036
+8%
|
1 177
+14%
|
1 310
+11%
|
1 459
+11%
|
1 586
+9%
|
1 534
-3%
|
1 399
-9%
|
1 144
-18%
|
737
-36%
|
632
-14%
|
604
-4%
|
605
+0%
|
557
-8%
|
560
+1%
|
557
-1%
|
278
-50%
|
346
+24%
|
388
+12%
|
441
+14%
|
870
+97%
|
983
+13%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(20)
|
(16)
|
(14)
|
(13)
|
(15)
|
(16)
|
(15)
|
(14)
|
(12)
|
(3)
|
(5)
|
(5)
|
(9)
|
(7)
|
(11)
|
(13)
|
(15)
|
(16)
|
(17)
|
(17)
|
(19)
|
(23)
|
(25)
|
(28)
|
(29)
|
(30)
|
(30)
|
(31)
|
(32)
|
(33)
|
(34)
|
(36)
|
(36)
|
(37)
|
(38)
|
(39)
|
(41)
|
(44)
|
(46)
|
(47)
|
(48)
|
(48)
|
(49)
|
(53)
|
(58)
|
(20)
|
21
|
213
|
56
|
(68)
|
(191)
|
(542)
|
(411)
|
(377)
|
(312)
|
(311)
|
(282)
|
(287)
|
(311)
|
(174)
|
(180)
|
(184)
|
(194)
|
(231)
|
(157)
|
|
| Non-Reccuring Items |
(40)
|
(18)
|
(15)
|
(14)
|
(8)
|
(5)
|
(4)
|
(6)
|
(9)
|
(8)
|
(8)
|
(4)
|
(4)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(73)
|
(55)
|
0
|
0
|
18
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
204
N/A
|
219
+7%
|
211
-3%
|
199
-6%
|
212
+7%
|
164
-23%
|
156
-5%
|
139
-11%
|
130
-6%
|
205
+58%
|
268
+31%
|
386
+44%
|
467
+21%
|
476
+2%
|
422
-11%
|
374
-12%
|
311
-17%
|
286
-8%
|
304
+6%
|
313
+3%
|
351
+12%
|
374
+7%
|
439
+17%
|
439
0%
|
433
-1%
|
449
+4%
|
461
+3%
|
513
+11%
|
478
-7%
|
486
+2%
|
517
+6%
|
368
-29%
|
445
+21%
|
455
+2%
|
472
+4%
|
650
+38%
|
610
-6%
|
658
+8%
|
686
+4%
|
735
+7%
|
905
+23%
|
836
-8%
|
831
-1%
|
830
0%
|
923
+11%
|
1 157
+25%
|
1 331
+15%
|
1 691
+27%
|
1 642
-3%
|
1 466
-11%
|
1 208
-18%
|
601
-50%
|
326
-46%
|
256
-22%
|
293
+15%
|
294
+0%
|
274
-7%
|
273
0%
|
247
-10%
|
104
-58%
|
165
+59%
|
204
+23%
|
247
+21%
|
639
+158%
|
826
+29%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(70)
|
(78)
|
(70)
|
(65)
|
(83)
|
(64)
|
(58)
|
(53)
|
(52)
|
(80)
|
(102)
|
(137)
|
(166)
|
(169)
|
(154)
|
(145)
|
(124)
|
(114)
|
(115)
|
(107)
|
(116)
|
(124)
|
(146)
|
(151)
|
(144)
|
(146)
|
(149)
|
(169)
|
(134)
|
(137)
|
(148)
|
(85)
|
(138)
|
(129)
|
(113)
|
(161)
|
(134)
|
(149)
|
(144)
|
(157)
|
(195)
|
(172)
|
(183)
|
(186)
|
(223)
|
(286)
|
(328)
|
(421)
|
(393)
|
(353)
|
(288)
|
(130)
|
(61)
|
(43)
|
(53)
|
(59)
|
(59)
|
(57)
|
(50)
|
(10)
|
(33)
|
(43)
|
(56)
|
(154)
|
(201)
|
|
| Income from Continuing Operations |
134
|
141
|
141
|
134
|
129
|
100
|
98
|
86
|
79
|
125
|
166
|
249
|
302
|
307
|
268
|
228
|
187
|
173
|
189
|
205
|
234
|
250
|
293
|
288
|
289
|
304
|
313
|
344
|
344
|
349
|
368
|
282
|
308
|
326
|
359
|
489
|
476
|
510
|
542
|
579
|
710
|
664
|
648
|
644
|
701
|
871
|
1 003
|
1 270
|
1 249
|
1 113
|
919
|
472
|
265
|
213
|
239
|
235
|
216
|
216
|
196
|
94
|
133
|
161
|
191
|
485
|
625
|
|
| Income to Minority Interest |
(12)
|
(9)
|
(5)
|
(3)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
1
|
1
|
1
|
1
|
1
|
1
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(8)
|
(8)
|
0
|
(7)
|
(3)
|
(2)
|
(2)
|
1
|
2
|
1
|
1
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(3)
|
|
| Net Income (Common) |
122
N/A
|
131
+7%
|
137
+4%
|
131
-4%
|
127
-3%
|
99
-23%
|
97
-2%
|
85
-12%
|
78
-8%
|
125
+60%
|
165
+32%
|
248
+50%
|
300
+21%
|
305
+2%
|
267
-13%
|
228
-15%
|
186
-18%
|
172
-8%
|
188
+9%
|
204
+9%
|
233
+14%
|
249
+7%
|
292
+17%
|
287
-2%
|
288
+0%
|
303
+5%
|
312
+3%
|
343
+10%
|
343
0%
|
349
+2%
|
369
+6%
|
283
-23%
|
423
+49%
|
441
+4%
|
474
+7%
|
604
+27%
|
475
-21%
|
508
+7%
|
539
+6%
|
575
+7%
|
707
+23%
|
661
-7%
|
645
-2%
|
640
-1%
|
696
+9%
|
867
+24%
|
999
+15%
|
1 262
+26%
|
1 241
-2%
|
1 105
-11%
|
912
-17%
|
469
-49%
|
263
-44%
|
211
-20%
|
240
+14%
|
237
-2%
|
217
-8%
|
218
+0%
|
195
-10%
|
93
-52%
|
131
+41%
|
159
+21%
|
189
+19%
|
482
+156%
|
622
+29%
|
|
| EPS (Diluted) |
1.18
N/A
|
1.25
+6%
|
1.3
+4%
|
1.24
-5%
|
1.2
-3%
|
0.94
-22%
|
0.88
-6%
|
0.8
-9%
|
0.73
-9%
|
1.15
+58%
|
1.54
+34%
|
2.29
+49%
|
2.77
+21%
|
2.77
N/A
|
2.44
-12%
|
2.13
-13%
|
1.71
-20%
|
1.59
-7%
|
1.74
+9%
|
1.88
+8%
|
2.14
+14%
|
2.28
+7%
|
2.61
+14%
|
2.62
+0%
|
2.62
N/A
|
2.75
+5%
|
2.82
+3%
|
3.09
+10%
|
3.09
N/A
|
3.13
+1%
|
3.3
+5%
|
2.53
-23%
|
3.76
+49%
|
3.9
+4%
|
4.18
+7%
|
5.32
+27%
|
4.19
-21%
|
4.49
+7%
|
4.76
+6%
|
5.07
+7%
|
6.22
+23%
|
5.8
-7%
|
5.72
-1%
|
5.67
-1%
|
6.16
+9%
|
7.78
+26%
|
8.97
+15%
|
11.31
+26%
|
11.14
-2%
|
9.97
-11%
|
8.43
-15%
|
4.44
-47%
|
2.45
-45%
|
2.01
-18%
|
2.3
+14%
|
2.26
-2%
|
2.07
-8%
|
2.08
+0%
|
1.87
-10%
|
0.88
-53%
|
1.26
+43%
|
1.51
+20%
|
1.81
+20%
|
4.67
+158%
|
6
+28%
|
|