First American Financial Corporation Chief Innovation Officer Paul Hurst Named Gold Innovator of the Year Winner at Best in Biz Awards 2022

Rhea-AI Summary

First American Financial Corporation (NYSE: FAF) announced that Chief Innovation Officer Paul Hurst received the gold Innovator of the Year award at the Best in Biz Awards 2022. This accolade highlights Hurst's pivotal role in advancing the company's digital transformation strategies in real estate transactions. Under his leadership, First American has invested in over 20 proptech firms, enhancing its competitive edge. The company, celebrating over 130 years of operation, reported $9.2 billion in revenue for 2021, reinforcing its position as a leader in title and settlement solutions.

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• Paul Hurst awarded Innovator of the Year at Best in Biz Awards 2022, showcasing leadership in digital transformation.
• Investment in over 20 proptech companies provides significant strategic advantages and growth opportunities.
• First American has a strong industry position with 2021 revenue of $9.2 billion.

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• None.

—Venture and tech executive spearheads First American’s enterprise innovation strategy—

SANTA ANA, Calif.--(BUSINESS WIRE)-- First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that Chief Innovation Officer Paul Hurst was named the gold winner in the Innovator of the Year category at the Best in Biz Awards 2022, the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America. The 12th annual Best in Biz Awards saw fierce competition among more than 700 entries from public and private companies of all sizes and representing all industries and regions in the U.S. and Canada, ranging from some of the most iconic global brands to the most innovative start-ups and resilient local companies.

“Paul has played an integral role in the substantial progress we’ve made toward making the process of buying and selling real estate simpler and faster,” said Ken DeGiorgio, chief executive officer of First American. “Paul’s recognition reflects our steadfast commitment to driving transformative innovation that leverages our strong capital position, nationwide distribution channels, industry-leading data assets, and proprietary technologies to help enhance our customers’ experience and move the industry forward.”

Hurst, who also serves as managing director of First American’s venture capital arm Parker89, has guided investments in more than 20 high-growth proptech companies that have generated significant strategic advantage and future growth opportunities for the company. He was also influential in developing and launching Endpoint, a digital title and settlement company funded by First American.

Since the program’s inception in 2011, winners in Best in Biz Awards have been determined based on scoring from independent judging panels assembled each year from some of the most respected national and local newspapers, TV and radio outlets, and business, consumer, technology and trade publications in North America. For a full list of gold, silver and bronze winners in Best in Biz Awards 2022, visit www.bestinbizawards.com/2022-winners.

About First American

First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 130 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $9.2 billion in 2021, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2022, First American was named one of the 100 Best Companies to Work For by Great Place to Work^® and Fortune Magazine for the seventh consecutive year. More information about the company can be found at www.firstam.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221213005299/en/

Media Contact:

Marcus Ginnaty

Corporate Communications

First American Financial Corporation

(714) 250-3298

Investor Contact:

Craig Barberio

Investor Relations

First American Financial Corporation

(714) 250-5214

Source: First American Financial Corporation

FAQ

What award did First American Financial's Paul Hurst win in 2022?

Paul Hurst won the gold Innovator of the Year award at the Best in Biz Awards 2022.

How many proptech companies has First American Financial invested in?

First American Financial has invested in over 20 high-growth proptech companies.

What was First American Financial's total revenue in 2021?

First American Financial reported total revenue of $9.2 billion in 2021.

What is First American Financial's stock symbol?

The stock symbol for First American Financial Corporation is FAF.