FAF on NYSE

First American Financial Corp

First American Financial Corp is an American title insurance company based in Santa Ana, incorporated in Delaware.2 Its shares trade on NYSE under the symbol FAF.2

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Last updated Oct 20, 2026.

Overview

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  • TickerFAF on NYSE2
  • IndustryTitle Insurance2
  • HeadquartersSanta Ana, United States2
  • Incorporated inDE3
  • Business address1 First American Way, Santa Ana, Ca 927073
  • Filer categoryLarge accelerated filer3
  • Legal formCorporation2
  • LEI549300B6VEZK3N0A1P552
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 44528662

First American Financial Corporation traces its heritage back to 1889. On June 1, 2010, its common stock was listed on the New York Stock Exchange under the ticker symbol “FAF.” First American’s executive offices are located at 1 First American Way, Santa Ana, California 92707-5913 and its telephone number is (714) 250-3000.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

8.3%Net margin6
21.6%Revenue growth, 20256
11.3%Return on equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Title Insurance And Services brought in 93% of the revenue First American Financial Corp broke down this way in fiscal 2025.

  1. Title Insurance And Services$7.0B693%up 22% from 2024
  2. Home Warranty$442.9M66%up 4% from 2024
  3. Corporate$31.7M60%up 195% from 2024
  4. Corporate And Eliminations$31.6M60%up 191% from 2024
Business segments by year
Business segments202320242025
Title Insurance And Services$5.7B$5.7B$7.0B
Home Warranty$417.2M$425.7M$442.9M
Corporate-$137.2M-$33.4M$31.7M
Corporate And Eliminations-$138.5M-$34.9M$31.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs87¢$6.5B
  • Interest2¢$157.0M
  • Income tax3¢$201.0M
  • Profit8¢$621.8M

Out of $7.5B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid23¢$223.0M
  • Share buybacks13¢$122.3M
  • Kept or used elsewhere64¢$605.5M

Out of $950.8M of cash from operations.6

Financial statements

Revenue789106$7.5B in 2025+20% since 2019
0$2.5B$5.0B$7.5B$10.0B2019: $6.2B$6.2B20192020: $7.1B$7.1B2020+14%2021: $9.2B$9.2B2021+30%2022: $7.6B$7.6B2022−18%2023: $6.0B$6.0B2023−21%2024: $6.1B$6.1B2024+2%2025: $7.5B$7.5B2025+22%
Net income789106$621.8M in 2025−12% since 2019
0$500.0M$1.0B$1.5B2019: $707.0M$707.0M20192020: $696.0M$696.0M2020−2%2021: $1.2B$1.2B2021+78%2022: $263.0M$263.0M2022−79%2023: $216.8M$216.8M2023−18%2024: $131.1M$131.1M2024−40%2025: $621.8M$621.8M2025+374%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Direct premiums and escrow fees$2.8B$2.4B$2.3B
Agent premiums$3.0B$2.6B$2.4B
Information and other$1.1B$960.8M$938.5M
Net investment income$621.0M$561.0M$570.0M
Net investment gains (losses) (realized of $(11.4), $(335.1), $(80.9))$20.9M-$401.6M-$206.4M
Total revenues$7.5B$6.1B$6.0B
Personnel costs$2.3B$2.1B$2.0B
Premiums retained by agents$2.4B$2.0B$2.0B
Other operating expenses$1.2B$1.1B$1.1B
Provision for policy losses and other claims$326.6M$320.0M$336.3M
Depreciation and amortization$216.2M$207.4M$188.5M
Premium taxes$81.6M$68.3M$63.5M
Interest$157.0M$149.6M$132.5M
Total expenses$6.6B$6.0B$5.7B
Income before income taxes$826.2M$165.4M$274.4M
Income taxes$201.0M$32.8M$58.9M
Net income$625.2M$132.6M$215.5M
Less: Net income (loss) attributable to noncontrolling interests$3.4M$1.5M-$1.3M
Net income attributable to the Company$621.8M$131.1M$216.8M
Basic$6.02$1.26$2.08
Diluted$6.00$1.26$2.07
Cash dividends per share$2.18$2.14$2.10
Basic103.3M shares103.9M shares104.3M shares
Diluted103.7M shares104.3M shares104.6M shares
Realized (losses) gains of net investment-$11.4M-$335.1M-$80.9M

Compare First American Financial Corp with another company

Corporate structure

First American Financial Corp sits at the top of its group. 27 entities, 7 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of First American Financial Corp

  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on First American Financial Corp, latest Apr 29, 2026
  • VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on First American Financial Corp, latest Apr 29, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on First American Financial Corp, latest Mar 26, 2026 (5 filings since Feb 10, 2022)
  • Boston Partners Filed SCHEDULE 13G on First American Financial Corp, latest Aug 11, 2025
  • FMR LLC Filed SCHEDULE 13G/A on First American Financial Corp, latest Aug 6, 2025 (6 filings since Feb 9, 2022)
  • HG Vora Capital Management, LLC Filed SC 13G/A on First American Financial Corp, latest Nov 14, 2024 (4 filings since Feb 14, 2022)
  • First American Financial Corp Santa Ana, California, United States
    • American Digital Title Insurance Company Subsidiary · Colorado, United States
    • Data Trace Information Services LLC Subsidiary · Delaware, United States
    • FATCO Holdings, LLC Subsidiary · Delaware, United States
    • FCT Holdings Company Ltd. Subsidiary · Canada
    • FCT Insurance Company Ltd. Subsidiary · Canada
    • FIRST AMERICAN (INDIA) PRIVATE LIMITED Subsidiary · Bangalore, India
    • First American Data Co., LLC Subsidiary · Delaware, United States
    • First American Data Tree LLC Subsidiary · Delaware, United States
    • First American Exchange Company, LLC Subsidiary · Delaware, United States
    • First American Home Warranty Corporation Subsidiary · West Hills, California, United States
    • First American Property & Casualty Insurance Company Subsidiary · California, United States
    • First American ServiceMac Holdings, LLC Subsidiary · Delaware, United States
    • FIRST AMERICAN SPECIALTY INSURANCE COMPANY Subsidiary · Santa Ana, California, United States
    • First American Title Company Subsidiary · California, United States
    • First American Title Guaranty Company Subsidiary · Texas, United States
    • FIRST AMERICAN TITLE INSURANCE COMPANY Subsidiary · Santa Ana, California, United States
    • First American Title Insurance Company of Australia Pty Limited Subsidiary · Australia
    • First American Title Insurance Company of Louisiana Subsidiary · Louisiana, United States
    • First American Trust, FSB Subsidiary · Santa Ana, California, United States
    • First European Title Insurance Company Limited Subsidiary · Malta
    • First Title Insurance plc Subsidiary · United Kingdom
    • Mother Lode Holding Co Subsidiary · California, United States
    • Ohio Bar Title Insurance Company Subsidiary · Ohio, United States
    • ORCHARD TECHNOLOGIES, INC. Subsidiary · New York, New York, United States
    • Republic Title of Texas, Inc. Subsidiary · Texas, United States
    • and 1 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What First American Financial Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$25.2M6 Dec 31, 2025$26.5M6 Dec 31, 2024−4.9%
Buildings and improvements$199.3M6 Dec 31, 2025$195.8M6 Dec 31, 2024+1.8%
Furniture and fixtures$174.0M6 Dec 31, 2025$175.7M6 Dec 31, 2024−1.0%
Computer equipment and software$1.3B6 Dec 31, 2025$1.3B6 Dec 31, 2024+4.1%
Leasehold improvements$61.0M6 Dec 31, 2025$66.5M6 Dec 31, 2024−8.3%
Property and equipment, before depreciation$1.8B6 Dec 31, 2025$1.7B6 Dec 31, 2024+2.8%
Accumulated depreciation$1.1B6 Dec 31, 2025$1.0B6 Dec 31, 2024+11.1%
Property and equipment, net$682.3M6 Dec 31, 2025$745.1M6 Dec 31, 2024−8.4%
Finance-lease assets$3.9M6 Dec 31, 2025$6.2M6 Dec 31, 2024−37.1%
Operating-lease assets (leased space)$205.7M6 Dec 31, 2025$214.7M6 Dec 31, 2024−4.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.4B6 Dec 31, 2025$1.7B6 Dec 31, 2024−19.3%
Debt securities available for sale$8.5B6 Dec 31, 2025$7.3B6 Dec 31, 2024+16.5%
Equity securities at fair value$477.6M6 Dec 31, 2025$386.8M6 Dec 31, 2024+23.5%
Stakes in other companies (equity method)$98.0M6 Dec 31, 2025$102.1M6 Dec 31, 2024−4.0%
Deposits held (banks)$5.3B6 Dec 31, 2025$5.0B6 Dec 31, 2024+4.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.8B6 Dec 31, 2025$1.8B6 Dec 31, 2024+0.8%
Intangible assets, net (excluding goodwill)$100.0M6 Dec 31, 2025$125.2M6 Dec 31, 2024−20.1%
Finite-lived intangibles, gross$246.5M6 Dec 31, 2025$266.5M6 Dec 31, 2024−7.5%
Accumulated amortization$163.4M6 Dec 31, 2025$158.2M6 Dec 31, 2024+3.3%
Finite-lived intangibles, net$83.1M6 Dec 31, 2025$108.3M6 Dec 31, 2024−23.3%
Patents, net$2.8M6 Dec 31, 2025$2.8M6 Dec 31, 20240%
Customer relationships, net$148.8M6 Dec 31, 2025$160.8M6 Dec 31, 2024−7.5%

Properties, in its own words

Each of our business segments uses our executive offices in Santa Ana, California. This office campus consists of five office buildings, a technology center and a two-story parking structure, totaling approximately 490,000 square feet. The office facilities we occupy are, in all material respects, in good condition and adequate for their intended use.

Item 2 of the 10-K filed Feb 18, 2026.5

Leadership

Who has led First American Financial Corp, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (29)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • American Digital Title Insurance Company Colorado4
  • Data Trace Information Services LLC Delaware4
  • FATCO Holdings, LLC Delaware4
  • FCT Holdings Company Ltd. Canada4
  • FCT Insurance Company Ltd. Canada4
  • First American Data Co., LLC Delaware4
  • First American Data Tree LLC Delaware4
  • First American Exchange Company, LLC Delaware4
  • First American Home Warranty Corporation California4
  • First American Property & Casualty Insurance Company California4
  • First American ServiceMac Holdings, LLC Delaware4
  • First American Specialty Insurance Company California4
  • First American Title Company California4
  • First American Title Company, Inc. Hawaii4
  • First American Title Company, LLC Delaware4
  • First American Title Guaranty Company Texas4
  • First American Title Insurance Company Nebraska4
  • First American Title Insurance Company of Australia Pty Limited Australia4
  • First American Title Insurance Company of Louisiana Louisiana4
  • First European Title Insurance Company Limited Malta4
  • First Title Insurance plc United Kingdom4
  • Mother Lode Holding Co California4
  • Ohio Bar Title Insurance Company Ohio4
  • Republic Title of Texas, Inc. Texas4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 22, 20268-K Results of operations51
  2. May 15, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Shareholder vote52
  3. Apr 29, 20268-K Executive or director change53
  4. Apr 22, 20268-K Results of operations54
  5. Feb 11, 20268-K Results of operations55
  6. Jan 21, 20268-K Executive or director change56
  7. Nov 4, 20258-K Executive or director change57
  8. Oct 22, 20258-K Results of operations58
  9. Jul 23, 20258-K Results of operations59
  10. Jun 24, 2025New chief executive Mark Edward Seaton becomes CEO14
  11. May 23, 20258-K Executive or director change60
  12. May 16, 20258-K Executive or director change; Bylaws or fiscal year changed; Shareholder vote61
  13. Apr 23, 20258-K Results of operations62
  14. Feb 23, 2022New chief executive Kenneth D. Degiorgio becomes CEO15
  15. May 13, 2010New chief executive Dennis J. Gilmore becomes CEO16
  16. Jan 14, 2008Founded First American Financial Corp is founded2

Calendar

Coming up

  1. Oct 21, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.70 a share, on Oct 22, 2025.63

When it reported results

  1. Jul 22, 2026Reported quarterly or annual results51
  2. Apr 22, 2026Reported quarterly or annual results54
  3. Feb 11, 2026Reported quarterly or annual results55
  4. Oct 22, 2025Reported quarterly or annual results58
  5. Jul 23, 2025Reported quarterly or annual results59
  6. Apr 23, 2025Reported quarterly or annual results62
  7. Feb 12, 2025Reported quarterly or annual results64
  8. Oct 23, 2024Reported quarterly or annual results65

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

319 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 43 major events, 178 insider forms, 21 large holders, 57 other. The latest 20:

  1. Aug 24, 2026N-PX EDGAR
  2. Aug 10, 202613F-HR EDGAR
  3. Jul 28, 20264 EDGAR
  4. Jul 24, 2026144 EDGAR
  5. Jul 23, 202610-Q EDGAR
  6. Jul 22, 20268-K EDGAR
  7. Jun 24, 20264 EDGAR
  8. Jun 24, 20264 EDGAR
  9. Jun 24, 20264 EDGAR
  10. Jun 24, 20264 EDGAR
  11. May 15, 20268-K EDGAR
  12. May 12, 202613F-HR EDGAR
  13. May 7, 20264 EDGAR
  14. May 5, 2026144 EDGAR
  15. May 1, 20264 EDGAR
  16. Apr 29, 2026SCHEDULE 13G EDGAR
  17. Apr 29, 2026SCHEDULE 13G EDGAR
  18. Apr 29, 20268-K EDGAR
  19. Apr 28, 20264 EDGAR
  20. Apr 24, 2026144 EDGAR

The 319 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

16 open-market trades by officers, directors and large owners since October 2021: 2 buys and 14 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 24, 2026Adams Steven AVP & Chief Accounting OfficerSale3,253$74.99$243.9KForm 4
May 5, 2026Cornehl Lisa WSVP, Chief Legal OfficerSale5,823$68.63$399.7KForm 4
Apr 24, 2026McCarthy Margaret MDirectorSale6,630$70.59$468.0KForm 4
Feb 17, 2026KENNEDY PARKER SDirectorBuy44,841$67.85$3.0MForm 4
Feb 13, 2026KENNEDY PARKER SDirectorBuy15,000$67.17$1.0MForm 4
Aug 28, 2025DOTI JAMES LDirectorSale7,692$65.17$501.3KForm 4
Aug 13, 2025McCarthy Margaret MDirectorSale3,500$65.63$229.7KForm 4
Feb 25, 2025Seaton Mark EdwardChief Executive OfficerSale37,321$65.27$2.4MForm 4
Feb 25, 2025Cornehl Lisa WSVP, Chief Legal OfficerSale3,057$65.49$200.2KForm 4
Feb 24, 2025Seaton Mark EdwardChief Executive OfficerSale12,679$64.28$815.0KForm 4
Feb 14, 2025GILMORE DENNIS JDirectorSale111,971$63.60$7.1MForm 4
Oct 29, 2024Adams Steven AVP & Chief Accounting OfficerSale2,337$63.76$149.0KForm 4
Nov 15, 2023Adams Steven aVP & Chief Accounting OfficerSale1,800$56.20$101.2KForm 4
May 23, 2022Leavell Christopher MichaelCOO of SubsidiarySale39,206$59.61$2.3MForm 4
Oct 25, 2021DEGIORGIO KENNETH DChief Executive OfficerSale10,400$74.50$774.8KForm 4
Oct 22, 2021DEGIORGIO KENNETH DChief Executive OfficerSale15,739$74.71$1.2MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Kenneth D. DeGiorgio$353.8K$9.6M72
2025Mark E. Seaton48$907.8K$8.3M72
2025Matthew F. Wajner50$542.7K$2.1M72
2025Lisa W. Cornehl47$486.8K$2.1M72
2025Steven A. Adams56$369.5K$935.9K72
2024(CEO during years presented)$832.5K$7.8M72
2024Chief Executive Officer$630.0K$3.8M72
2024SVPChief Legal Officer$445.4K$1.6M72
2024EVPChief Financial Officer$350.0K$860.3K72
2024VP, Chief Accounting Officer$358.5K$809.4K72
2023(CEO during years presented)$832.5K$7.1M72
2023Chief Executive Officer$630.0K$3.4M72
2023SVPChief Legal Officer$407.2K$1.1M72
2023EVPChief Financial Officer$350.0K$805.2K72
2023VP, Chief Accounting Officer$350.0K$737.1K72

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.9,382,850$643.6M0.0%+156,988
Fmr LLC9,160,791$628.3M0.0%+112
Boston Partners5,841,231$400.8M0.4%+92,007
Vanguard Portfolio Management LLC5,410,437$371.1M0.0%+194,442
Dimensional Fund Advisors LP4,897,760$335.9M0.1%+261,296
Vanguard Capital Management LLC4,422,387$303.3M0.0%+31,997
State Street Corp3,389,352$232.5M0.0%+123,778
Ariel Investments, LLC3,229,706$221.5M2.2%−609,296
Arrowstreet Capital, Limited Partnership1,977,842$135.7M0.1%+693,425
Geode Capital Management, LLC1,868,020$128.2M0.0%+12,880
First Trust Advisors LP1,715,719$117.7M0.1%+410,899
Capital World Investors1,695,676$116.3M0.0%−174,324
Reinhart Partners, Llc.1,553,234$106.5M2.4%+28,534
American Century Companies Inc1,527,817$104.8M0.0%+458,028
Wellington Management Group Llp1,524,879$104.6M0.0%−435,594
Morgan Stanley1,508,362$103.5M0.0%−176,104
Davis Asset Management, L.P.1,500,000$102.9M2.6%No change
Channing Capital Management, LLC1,425,763$97.8M2.3%−42,483
Norges Bank1,245,979$85.5M0.0%New
Goldman Sachs Group Inc1,240,909$85.1M0.0%+899,237
Charles Schwab Investment Management Inc1,148,854$78.8M0.0%−6,106
Northern Trust Corp973,797$66.8M0.0%+9,992
FIL Ltd921,191$63.2M0.0%+60,421
UBS Group AG903,447$62.0M0.0%+572,790
Quantinno Capital Management LP843,895$57.9M0.1%+240,825

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 8, 2023Lois FrankelDemocratic, HouseSale$1,001 - $15,000+65.5%Report
Apr 3, 2019Donna Shalala, HouseSale$1,001 - $15,000+147.7%Report
Jan 9, 2019Donna Shalala, HousePartial sale$1,001 - $15,000+159.4%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How First American Financial Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFirst American Financial Corp1
  • CIK0001472787
  • Employer ID (EIN)26-19115715
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6361 Title Insurance1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address1 First American Way, Santa Ana, CA 927071
  • Phone714-250-30001
  • Shares outstanding102,100,000 as of Jul 20, 202612
  • Public float$6.1B as of Jun 30, 20255
  • AuditorPricewaterhouseCoopers LLP, Los Angeles, California PCAOB ID 238; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceDec 14, 20091
  • Filings1,008 in all: 4 (531), 8-K (130), SC 13G/A (54), 10-Q (50), 3 (32), 10-K (16), 4/A (16), DEF 14A (16)1
    All 37 form types

    UPLOAD (14), SC 13G (13), 144 (12), 13F-HR (11), 424B2 (10), 8-K/A (10), CORRESP (10), 11-K (9), ARS (9), S-3ASR (9), 5 (7), S-8 (7), 10-12B/A (5), FWP (5), SC 13D/A (5), SCHEDULE 13D/A (4), SCHEDULE 13G (4), N-PX (3), DEFA14A (2), DEFR14A (2), PRE 14A (2), SC 13D (2), SCHEDULE 13G/A (2), 10-12B (1), 13F-HR/A (1), 15-12B (1), 3/A (1), CERTNYS (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Feb 18, 2026
    Quarterly report (10-Q) Jul 23, 2026
    Proxy statement (DEF 14A) Mar 30, 2026
    Latest 8-K (8-K) Jul 22, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, $0.00001 par valueFAFNew York Stock Exchange

From the cover page of the 10-K filed Feb 18, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks First American Financial Corp names in Item 1A of its 10-K filed Feb 18, 2026: 29 risks under these headings, as written.5

  • STRATEGIC RISK FACTORS
  • The Company’s risk management framework could prove inadequate, which could adversely affect the Company
  • The Company is pursuing various innovative initiatives, which could result in increased title claims or otherwise adversely affect the Company
  • Potentially disruptive innovation in the real estate industry and/or the Company’s participation in these efforts could adversely affect the Company
  • OPERATIONAL RISK FACTORS
  • Conditions in the real estate market generally impact the demand for a substantial portion of the Company’s products and services
  • Unfavorable economic conditions adversely affect the Company
  • The Company’s use of models involves risks and uncertainties that could adversely affect the Company
  • Severe weather conditions, health crises, terrorist attacks and other catastrophes could adversely affect the Company
  • The Company may find it difficult to acquire necessary data
  • Changes in the Company’s relationships with large mortgage lenders or government–sponsored enterprises could adversely affect the Company
  • A downgrade by ratings agencies, reductions in statutory capital and surplus maintained by the Company’s title insurance underwriters or a deterioration in other measures of financial strength could adversely affect the Company
The other 19 risks
  • The issuance of the Company’s title insurance policies and related activities by independent title agents could adversely affect the Company
  • Systems damage, failures, interruptions, cyberattacks and intrusions, and unauthorized data disclosures by the Company or its service providers may disrupt the Company’s business, harm the Company’s reputation, result in material claims for damages or otherwise adversely affect the Company
  • Errors and fraud involving the transfer of funds may adversely affect the Company
  • The Company’s failure to recruit and retain qualified employees may adversely affect the business
  • The Company’s use of a global workforce involves risks that could adversely affect the Company
  • Acquisitions may have an adverse effect on our business
  • LEGAL AND COMPLIANCE RISK FACTORS
  • Regulatory oversight and changes in government regulation could require the Company to raise capital, make it more difficult to deploy capital, including dividends to stockholders and repurchases of the Company’s shares, prohibit or limit the Company’s operations, make it more costly or burdensome to conduct such operations, result in decreased demand for the Company’s products and services or otherwise adversely affect the Company
  • Scrutiny of the Company’s businesses and the industries in which it operates by governmental entities and others could adversely affect the Company
  • Regulation of title insurance rates could adversely affect the Company
  • FINANCIAL RISK FACTORS
  • Failures at financial institutions at which the Company deposits funds could adversely affect the Company
  • Unfavorable economic or other conditions could cause the Company to write off a portion of its goodwill and other intangible assets
  • The Company’s investment portfolio is subject to certain risks and could experience losses
  • The Company’s venture investment portfolio is volatile and subject to certain risks and could experience losses
  • Actual claims experience could materially vary from the expected claims experience reflected in the Company’s reserve for incurred but not reported claims
  • The Company may have to provide capital to one or more of its subsidiaries, which may necessitate accessing funds from the Company’s revolving credit facility or otherwise
  • The Company's ability to fulfill parent company obligations and/or pay dividends may be limited
  • A reduction in the deposits at the Company’s federal savings bank subsidiary could require the Company to borrow funds to maintain liquidity
  • GENERAL RISK FACTORS
  • Certain provisions of the Company’s bylaws and certificate of incorporation, as well as regulatory hurdles, may reduce the likelihood of any unsolicited acquisition proposal or potential change of control that the Company’s stockholders might consider favorable
  • The Company may be susceptible to claims of infringement and may not be able to adequately protect its intellectual property

Legal proceedings

See Note 21 Litigation and Regulatory Contingencies to the consolidated financial statements included in Item 8. Financial Statements and Supplementary Data of Part II of this report, which is incorporated by reference into this Item 3 of Part I.

The opening of Item 3, Legal Proceedings.5

Sources

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