First American Financial Q2 Earnings: Revenue Climbs 15%, Commercial Business on Track for Record Year

summarizeSummary

First American Financial reported Q2 2026 earnings with revenue up 15% to $2.1 billion and adjusted EPS of $2.08, beating last year by 36%. Commercial revenues surged 34%, and the title segment margin expanded.

check_boxKey Events · Earnings and Guidance · FAF

• Q2 Revenue Up 15%

  Total revenue reached $2.1 billion, up 15% from $1.84 billion in Q2 2025, driven by a 34% increase in commercial revenues to $314 million.

• Adjusted EPS Beats by 36%

  Adjusted net income per diluted share was $2.08, up from $1.53 a year ago, reflecting strong operating leverage and higher investment income.

• Title Margin Expansion

  Title Insurance and Services segment adjusted pretax margin improved to 14.0% from 13.2% last year, despite a 1% decline in closed orders.

• Share Repurchases Continue

  The company bought back 330,405 shares for $20 million at an average price of $61.99 during the quarter, consistent with its capital return program.

auto_awesomeAnalysis · FAF · Finance

First American delivered a strong second quarter, with revenue climbing 15% year-over-year to $2.1 billion, well above the prior year. Adjusted earnings per share of $2.08 beat last year's $1.53 by 36%, driven by a 34% surge in commercial revenues and an 11% increase in title segment investment income. The commercial business is on pace for a record year, and the title segment's adjusted pretax margin improved to 14.0% despite continued residential market weakness. The company also repurchased $20 million in shares during the quarter. These results reinforce the earnings momentum noted in Q1 and suggest the business is navigating the housing cycle effectively.