First American Financial Corp
For the period ended Mar 31, 2025. Filed Apr 25, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 25, 2025
FAF$67.01-1.7%Stored close · as of Nov 6, 2026
Contents
A. Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024
Condensed Consolidated Balance Sheets
(in millions, except par values)
| March 31, 2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $2,045.1 | $1,718.1 |
| Accounts and accrued income receivable, less allowance for credit losses of $22.7 and $21.5 | 376.8 | 374.8 |
| Income taxes receivable | 26.8 | 61.3 |
| Investments: | ||
| Deposits with banks | 62.8 | 85.4 |
| Debt securities (amortized cost of $7,774.6 and $7,730.9; pledged of $103.5 and $92.4) | 7,434.0 | 7,265.9 |
| Equity securities | 686.7 | 691.3 |
| $8,183.5 | $8,042.6 | |
| Secured financings receivable | 844.7 | 690.0 |
| Property and equipment, net | 735.7 | 745.1 |
| Operating lease assets | 215.3 | 214.7 |
| Title plants and other indexes | 678.5 | 673.9 |
| Deferred income taxes | 43.8 | 43.8 |
| Goodwill | 1,809.6 | 1,804.3 |
| Other intangible assets, net | 121.5 | 125.2 |
| Other assets | 416.1 | 414.8 |
| $15,497.4 | $14,908.6 | |
| Liabilities and Equity | ||
| Deposits | 5,661.0 | 5,048.1 |
| Accounts payable and accrued liabilities | 723.5 | 943.3 |
| Deferred revenue | 196.2 | 210.4 |
| Reserve for known and incurred but not reported claims | 1,187.5 | 1,193.4 |
| Income taxes payable | 37.5 | 27.0 |
| Deferred income taxes | 139.1 | 139.1 |
| Operating lease liabilities | 229.5 | 229.9 |
| Secured financings payable | 735.8 | 643.8 |
| Notes and contracts payable | 1,546.4 | 1,546.6 |
| $10,456.5 | $9,981.6 | |
| Commitments and contingencies (Note 16) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.00001 par value; Authorized—0.5 shares; Outstanding—none | — | — |
| Common stock, $0.00001 par value; Authorized—300.0 shares; Outstanding—103.2 shares and 103.0 shares | — | — |
| Additional paid-in capital | 1,784.3 | 1,787.6 |
| Retained earnings | 3,634.8 | 3,617.3 |
| Accumulated other comprehensive loss | (399.8) | (496.4) |
| Total stockholders’ equity | $5,019.3 | $4,908.5 |
| Noncontrolling interests | 21.6 | 18.5 |
| Total equity | $5,040.9 | $4,927.0 |
| $15,497.4 | $14,908.6 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.