First American Financial's Q1 revenue beats on higher premiums & volumes

First American Financial

22/04/2026 21:30

Overview

US title insurer's Q1 revenue beats analyst expectations

Company repurchased 556,336 shares for $33 mln during the quarter

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

COMMERCIAL REVENUE GROWTH - Record Q1 commercial revenue, up 48% yr/yr, was a key driver of results

INVESTMENT INCOME - Title segment investment income rose 12% yr/yr, helped by higher interest income and capturing more deposit sources

HIGHER PREMIUMS AND VOLUMES - Direct premiums and escrow fees rose 21% yr/yr, driven by a 13% increase in average revenue per order closed and a 9% increase in direct title orders closed

Company press release: ID:nBw2wv79Pa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.84 bln
$1.79 bln (5 Analysts)
Q1 EPS
$1.21
Q1 Net Income
$125.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy"

Wall Street's median 12-month price target for First American Financial Corp is $81.50, about 21.8% above its April 21 closing price of $66.90

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)