First American Financial Corporation Named Most Innovative Company of the Year, Gold Winner at Best in Biz Awards 2023

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First American Financial Corporation (NYSE: FAF) named Most Innovative Company of the Year at the Best in Biz Awards, showcasing its cutting-edge digital technologies and unmatched data assets. CEO Ken DeGiorgio emphasizes the company's long history of innovation focused on making real estate transactions faster, more intuitive, and more efficient, reflecting efforts to bring more speed, certainty, and simplicity to the process of buying and selling real estate.

—Company’s cutting-edge digital technologies and unmatched data assets earn it recognition as a leading innovator among the broader business community—

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 it was named the gold winner in the Most Innovative Company of the Year (large company) category at the Best in Biz Awards, the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America. The 13th annual program saw intense competition among more than 600 entries from public and private companies, representing all industries and regions in the U.S. and Canada.

“We have a long history of innovation focused on making real estate transactions faster, more intuitive and more efficient,” said Ken DeGiorgio, CEO of First American. “Earning recognition as a leading innovator among the broader business community beyond real estate reflects the efforts of our people to bring more speed, certainty and simplicity to the process of buying and selling real estate.”

Innovations that helped First American stand out among the competition included its cutting-edge digital technologies and unmatched data assets. The company’s breakthrough digital platforms – including Endpoint^® and IgniteRE™ in residential real estate and ClarityFirst^® in commercial real estate – are driving growth and building value by improving the real estate transaction experience. First American’s industry-leading patent portfolio houses more than 30 patents, including methods using AI and machine learning. The company pioneered the use of AI in property data extraction to help build the industry’s largest property and ownership dataset, which fuels automated title production. Leveraging First American’s patented data extraction technologies and machine learning capabilities, the company created CovenantGuard™, which has demonstrated real progress in helping California counties address the painful relics of discrimination found in public land records.

Since the program’s inception in 2011, winners in Best in Biz Awards have been determined by 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 2023, visit https://www.bestinbizawards.com/2023-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 $7.6 billion in 2022, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2023, First American was named one of the 100 Best Companies to Work For by Great Place to Work^® and Fortune Magazine for the eighth consecutive year and was named one of the 100 Best Workplaces for Innovators by Fast Company. More information about the company can be found at www.firstam.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231220829875/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 Corporation (NYSE: FAF) win?

First American Financial Corporation (NYSE: FAF) was named the gold winner in the Most Innovative Company of the Year (large company) category at the Best in Biz Awards.

Who judges the Best in Biz Awards?

The Best in Biz Awards is judged each year by prominent editors and reporters from top-tier publications in North America.

What are some of the innovations that helped First American Financial Corporation stand out among the competition?

First American Financial Corporation's innovations included cutting-edge digital technologies and unmatched data assets, reflecting efforts to make real estate transactions faster, more intuitive, and more efficient.

What did CEO Ken DeGiorgio emphasize about the company's recognition as a leading innovator?

CEO Ken DeGiorgio emphasized the company's long history of innovation focused on bringing more speed, certainty, and simplicity to the process of buying and selling real estate, reflecting efforts to make real estate transactions faster, more intuitive, and more efficient.