Welcome to our dedicated page for First American Financial Corporation news (Ticker: FAF), a resource for investors and traders seeking the latest updates and insights on First American Financial Corporation stock.
First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance and settlement services across the United States and internationally, with a history dating back to 1889. As the parent company of First American Title Insurance Company, it delivers comprehensive title insurance protection and professional settlement services catering to homebuyers, sellers, real estate agents, brokers, mortgage lenders, commercial property professionals, homebuilders, developers, title agencies, and legal professionals.
First American's core services include thorough title searches, title clearance, and title insurance policies that ensure clear property titles and enable smooth real estate transactions. The company operates through two primary segments: Title Insurance and Related Services and Home Warranty. The title insurance segment encompasses real estate insurance, property closing services, escrow services, risk mitigation, and real estate data products, contributing to the majority of the company's revenue. The home warranty segment offers residential service contracts that cover systems such as heating and air conditioning, along with certain appliances, against failures from normal usage.
Recent achievements include strategic partnerships and acquisitions that expand their service network and capabilities. First American Financial Corporation remains dedicated to enhancing the efficiency and security of real estate transactions, making it a significant player in the financial services sector.
For the latest updates and news, First American Financial Corporation frequently publishes reports and insights regarding their financial performance, ongoing projects, and market developments. Stay informed about the latest events and advancements by exploring their official news releases and publications.
First American Financial Corporation (NYSE: FAF) has declared a quarterly cash dividend of 46 cents per common share.
This dividend is payable on March 15, 2021 to shareholders of record as of March 8, 2021. The company, with total revenue of $6.2 billion in 2019, continues to offer a wide range of real estate services, reflecting its strong market position.
First American Financial Corporation (NYSE: FAF) announced an exit from its property and casualty insurance business by entering into book transfer agreements with Safeco Insurance and Heritage Insurance Holdings. These agreements will allow property and casualty agents to transfer their policies efficiently. The decision follows a process initiated in October aimed at refocusing on core business operations. The transfer is expected to be completed by the end of Q3 2022. Dennis J. Gilmore, CEO, emphasized the reliability of the new carriers for agents and customers.
First American Financial Corporation (NYSE: FAF) has scheduled a conference call on February 11, 2021, at 11 a.m. EST to discuss its fourth-quarter and full-year 2020 earnings results. The earnings announcement will precede the call, occurring at 6:45 a.m. EST. This conference call is accessible to investors and the public online and via phone.
First American generated $6.2 billion in revenue in 2019 and has maintained a presence since 1889, providing title insurance and risk solutions.
First American Title Insurance Company, a major subsidiary of First American Financial Corporation (NYSE: FAF), has become a Founding Donor of the ALTA Good Deeds Foundation. This non-profit was established by the American Land Title Association to enhance charitable efforts supporting housing needs and relief during national emergencies, including COVID-19. The Foundation will accept grant applications semi-annually, with the first cycle closing on January 31, 2021. The initiative underscores First American Title's commitment to community services and economic development.
First American Title Insurance Company has expanded its Secure Portal to Texas real estate professionals, enhancing secure communication in real estate transactions. The Secure Portal, launched in 2018, allows users to track transactions, access documents, and communicate safely with escrow teams. This move follows a successful pilot program and aims to reduce risks of real estate-related fraud. The company emphasizes the importance of secure environments for sharing transactional information, providing peace of mind for all participants.
First American Financial Corporation (NYSE: FAF) announced the rebranding of its data division to First American Data & Analytics Division, highlighting significant investments in technology and data solutions. The division offers advanced services for title automation, fraud risk management, and compliance, supported by the largest collection of property data, with over 7 billion documents. First American's solutions cater to the evolving needs of real estate, mortgage, and PropTech industries, enhancing decision-making processes and automating workflows. The rebranding reflects the company's commitment to innovation and leadership in data-driven solutions.
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