First American Financial Profits Down $443M Year-Over-Year

National Mortgage Professional, Oct. 27, 2022–Steve Goode
First American Financial Corp. reported net income of $2 million Thursday, compared with $445 million in the third quarter of 2021. The company, which provides title, settlement, and risk solutions for real estate transactions, reported total revenue of $1.8 billion, down 29% year-over-year. Excluding net investment losses of $226 million, total revenue was $2.1 billion, down 10% compared to last year.