First American Financial Corporation (FRA:Y1F)

First American Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Premiums & Annuity Revenue	5,722	5,008	4,701	6,632	7,356
Total Interest & Dividend Income	621	553.6	564.6	329.1	207.9
Gain (Loss) on Sale of Investments	20.9	-401.6	-206.4	-515.8	435.6
Non-Insurance Activities Revenue	1,088	960.8	938.5	1,149	1,215
Other Revenue	-	7.4	5.4	11	6.9
Total Revenue	7,452	6,128	6,004	7,605	9,221
Revenue Growth (YoY)	21.61%	2.08%	-21.06%	-17.52%	30.13%
Policy Benefits	326.6	320	336.3	486.3	588.7
Policy Acquisition & Underwriting Costs	2,374	2,045	1,952	2,830	2,987
Depreciation & Amortization	216.2	207.4	188.5	167.5	158.4
Selling, General & Administrative	-	116.7	122.9	129.9	118.6
Other Operating Expenses	1,292	1,065	1,008	1,234	1,305
Total Operating Expenses	6,469	5,813	5,597	7,187	7,507
Operating Income	983.2	315	406.9	418.7	1,714
Interest Expense	-157	-149.6	-132.5	-93	-72.4
EBT Excluding Unusual Items	826.2	165.4	274.4	325.7	1,641
Pretax Income	826.2	165.4	274.4	325.7	1,641
Income Tax Expense	201	32.8	58.9	60.4	392.2
Earnings From Continuing Ops.	625.2	132.6	215.5	265.3	1,249
Minority Interest in Earnings	-3.4	-1.5	1.3	-2.3	-8
Net Income	621.8	131.1	216.8	263	1,241
Net Income to Common	621.8	131.1	216.8	263	1,241
Net Income Growth	374.29%	-39.53%	-17.57%	-78.81%	78.32%
Shares Outstanding (Basic)	103	104	104	107	111
Shares Outstanding (Diluted)	104	104	105	107	111
Shares Change (YoY)	-0.57%	-0.29%	-2.52%	-3.68%	-1.42%
EPS (Basic)	6.02	1.26	2.08	2.46	11.18
EPS (Diluted)	6.00	1.26	2.07	2.45	11.14
EPS Growth	376.19%	-39.13%	-15.51%	-78.01%	80.84%
Free Cash Flow	-	679.2	90.9	517.8	1,059
Free Cash Flow Per Share	-	6.51	0.87	4.83	9.51
Dividend Per Share	2.180	2.140	2.100	2.060	1.940
Dividend Growth	1.87%	1.91%	1.94%	6.19%	8.99%
Operating Margin	13.19%	5.14%	6.78%	5.50%	18.58%
Profit Margin	8.34%	2.14%	3.61%	3.46%	13.46%
Free Cash Flow Margin	-	11.08%	1.51%	6.81%	11.49%
EBITDA	1,197	522.4	595.4	586.2	1,872
EBITDA Margin	16.06%	8.53%	9.92%	7.71%	20.30%
D&A For EBITDA	213.73	207.4	188.5	167.5	158.4
EBIT	983.2	315	406.9	418.7	1,714
EBIT Margin	13.19%	5.14%	6.78%	5.50%	18.58%
Effective Tax Rate	24.33%	19.83%	21.46%	18.55%	23.90%
Revenue as Reported	7,452	6,128	6,004	7,605	9,221

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.