The First American Corporation
Stock Symbol: FAF
1 First American Way
The First American Corporation Industry:
Insurance (Prop. & Casualty)
The First American Corporation Description:
The First American Corporation is a diversified provider of business information that supplies businesses and consumers with the information resources that affect the major economic events of people's lives, such as getting a job, renting an apartment, buying a car, house, boat or airplane, securing a mortgage, opening or buying a business, and planning for retirement. The First American Family of Companies operate within seven primary business segments: Title Insurance and Services, Specialty Insurance, Trust and Other Services, Mortgage Information, Property Information, Credit Information and Screening Information. The Company has approximately 1,300 offices throughout the United States and abroad
The First American Corporation Financial Summary:
First American Corporation has seven reporting segments that fall within two primary business groups, financial services and information technology, including title insurance, specialty insurance and other services. For the 6 months ended 6/30/05, revenues rose 15% to $3.69B. Net income rose 28% to $218.7M. Results reflect an increase in average revenues per order closed, benefited by improved operating margins.
The First American Corporation Business Summary:
First American Corporation is engaged in the business of providing business information and related products and services. The Company has six reporting segments that fall within two primary business groups, financial services and information technology (IT). The financial services group includes the Company's title insurance and services segment, and its specialty insurance segment. The Company's mortgage information, property information, credit information and screening information segments comprise its IT group. In April 2005, the Company acquired LoanPerformance, a supplier of advanced analytics and information for the U.S. mortgage finance and servicing market.