First American Financial Corp FAF Income Statement

First american financial corp (FAF)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues
Direct premiums and escrow fees
620,637	748,443	728,610	668,018	514,202	652,834	649,375	661,582	543,878	642,661	651,104	641,080	527,009	640,424	649,726	623,975	501,914	593,579	605,450	609,606	501,412	522,851	564,396	531,123	433,872	488,659	573,116	593,205	477,851	594,820	535,846	497,288	413,786	444,572	426,533	401,978	361,094	441,949	427,334	431,574	362,641	-	-
Agent premiums
599,682	671,602	656,154	543,847	501,537	583,075	615,113	559,004	527,714	602,863	629,186	554,028	574,582	632,640	625,953	515,792	512,245	577,758	585,974	501,613	432,920	526,382	496,887	423,209	420,924	531,157	549,052	496,730	484,465	489,530	443,028	400,361	376,986	377,553	366,028	348,441	399,921	384,978	396,094	362,640	373,992	-	-
Information and other
211,512	205,973	208,297	200,669	172,892	185,377	198,680	208,752	188,658	190,035	201,819	201,851	182,509	197,415	188,727	182,771	155,077	161,804	173,349	180,838	157,147	192,625	161,227	165,703	137,642	179,306	159,775	171,522	152,133	162,333	159,103	167,827	155,760	154,046	158,969	157,710	150,758	177,622	153,222	153,450	144,668	-	-
Net investment income
45,874	78,806	76,628	77,711	82,268	63,289	67,874	56,334	42,792	45,293	44,460	39,609	33,040	33,417	34,422	30,925	27,370	29,859	22,272	27,864	20,558	6,787	22,828	23,659	17,767	18,351	26,001	22,485	23,058	23,954	23,154	12,789	21,134	17,211	16,695	22,094	20,771	22,981	27,309	19,096	24,876	26,160	33,483
Operating revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,069,563	1,014,837
Net other-than-temporary impairment (OTTI) losses recognized in earnings:
Net realized investment (losses) gains
-64,762	23,840	1,507	8,375	32,682	-67,462	11,144	5,485	-5,654	471	-7,001	17,861	-97	361	9,516	8,070	5,106	-6,332	-3,130	3,868	-953	6,806	14,392	6,275	2,594	2,399	-6,966	4,522	9,256	6,186	47,271	12,530	1,699	7,036	682	-1,903	-547	-1,927	1,504	6,987	3,645	8,194	2,377
Net other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	962	2,602	3,852	3,942	977	297	864	1,940	3,823	1,396	3,336	25,612
Total OTTI losses on equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1,703	18	664	20,387
Total OTTI losses on debt securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,658	2,018	672	1,616	2,206
Portion of OTTI losses on debt securities recognized in other comprehensive loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-718	102	706	1,056	3,019
Total revenues
1,412,943	1,728,664	1,671,196	1,498,620	1,303,581	1,417,113	1,542,186	1,491,157	1,297,388	1,481,323	1,519,568	1,454,429	1,317,043	1,504,257	1,508,344	1,361,533	1,201,712	1,356,668	1,383,915	1,323,789	1,111,084	1,255,451	1,259,730	1,149,969	1,012,799	1,219,872	1,300,978	1,288,464	1,146,763	1,276,823	1,208,402	1,089,833	966,763	996,566	964,965	927,343	931,700	1,024,739	1,003,523	969,924	908,426	1,100,581	1,025,085
Expenses
Personnel costs
429,660	476,683	470,683	447,027	411,612	436,494	449,839	448,974	413,642	435,969	443,992	436,441	407,137	416,035	438,692	417,725	382,712	409,617	411,743	407,452	366,123	389,673	365,304	354,133	326,518	401,858	377,872	364,767	344,500	363,404	344,140	322,043	305,279	309,665	291,950	293,451	283,302	315,012	307,713	300,771	283,187	302,484	313,111
Premiums retained by agents
475,381	529,749	518,824	429,086	396,607	458,028	485,621	439,550	416,637	475,748	497,911	435,771	453,926	497,733	495,130	403,669	405,039	456,173	462,535	395,278	342,736	401,806	395,324	338,271	336,665	413,541	440,453	396,024	387,543	391,490	355,191	321,348	302,164	301,900	293,583	279,812	319,987	308,568	319,840	292,298	301,568	363,408	278,604
Other operating expenses
257,240	256,251	248,252	222,348	196,447	225,123	227,670	228,935	218,480	235,346	374,347	230,791	215,402	332,315	219,959	216,361	186,675	199,671	209,316	211,824	200,158	185,610	219,536	214,121	188,367	181,115	222,297	232,765	205,346	228,411	213,111	205,647	189,150	183,505	191,203	196,780	190,390	210,707	200,717	203,637	196,311	244,294	238,222
Provision for policy losses and other claims
117,477	114,515	124,683	109,130	97,712	116,238	122,196	113,619	100,580	116,715	120,349	110,958	102,388	122,128	137,015	122,360	107,098	127,542	139,126	122,870	101,554	112,284	119,390	128,466	89,883	100,612	114,952	198,766	116,026	109,441	106,209	95,389	86,678	101,210	112,177	77,237	129,512	80,439	86,450	83,004	70,981	86,684	96,004
Depreciation and amortization
31,449	31,484	31,719	32,884	32,934	33,393	31,729	31,058	29,747	31,761	36,000	30,145	30,147	28,142	24,491	23,994	22,420	22,207	21,072	21,463	20,854	21,718	24,127	19,780	19,972	19,775	18,554	18,192	18,395	20,006	18,429	18,456	18,059	19,905	19,018	18,867	19,099	21,278	18,991	20,120	20,253	19,862	19,985
Premium taxes
17,315	19,725	19,484	16,740	14,663	17,938	18,774	17,049	16,014	17,274	19,900	17,179	15,448	17,666	18,288	16,027	14,377	17,349	17,439	16,012	13,469	15,223	15,427	14,254	12,290	14,032	15,771	14,795	12,117	14,758	13,470	12,228	10,848	11,304	15,403	9,913	9,043	9,491	9,767	9,258	9,264	10,349	8,650
Interest
12,097	11,744	12,213	11,908	11,936	10,981	10,770	10,004	9,223	9,175	9,107	8,990	8,715	8,787	7,838	7,790	7,799	7,310	7,288	7,268	7,242	6,240	4,670	4,486	3,851	4,092	4,034	3,931	3,244	1,629	1,970	2,432	3,035	2,961	3,220	2,068	3,816	4,661	4,057	3,841	2,322	4,979	5,974
Total expenses
1,340,619	1,440,151	1,425,858	1,269,123	1,161,911	1,298,195	1,346,599	1,289,189	1,204,323	1,321,988	1,501,606	1,270,275	1,233,163	1,422,806	1,341,413	1,207,926	1,126,120	1,239,869	1,268,519	1,182,167	1,052,136	1,132,554	1,143,778	1,073,511	977,546	1,135,025	1,193,933	1,229,240	1,087,171	1,129,139	1,052,520	977,543	915,213	930,450	926,554	878,128	955,149	950,156	947,535	912,929	883,886	1,032,060	960,550
Income before income taxes
72,324	288,513	245,338	229,497	141,670	118,918	195,587	201,968	93,065	159,335	17,962	184,154	83,880	81,451	166,931	153,607	75,592	116,799	115,396	141,622	58,948	122,897	115,952	76,458	35,253	84,847	107,045	59,224	59,592	147,684	155,882	112,290	51,550	66,116	38,411	49,215	-23,449	74,583	55,988	56,995	24,540	68,521	64,535
Income taxes
8,478	63,907	57,171	42,226	31,866	25,744	44,126	46,877	16,893	-61,378	-3,224	62,259	25,811	490	59,539	51,156	22,920	35,063	39,637	48,043	21,152	42,159	35,015	25,770	13,401	33,058	42,950	24,276	23,360	54,482	51,982	38,773	20,441	25,738	17,116	17,068	-8,208	26,839	22,645	22,855	10,811	27,608	31,143
Net income
63,846	224,606	188,167	187,271	109,804	93,174	151,461	155,091	76,172	220,713	21,186	121,895	58,069	80,961	107,392	102,451	52,672	81,736	75,759	93,579	37,796	80,738	80,937	50,688	21,852	51,789	64,095	34,948	36,232	93,202	103,900	73,517	31,109	40,378	21,295	32,147	-15,241	47,744	33,343	34,140	13,729	40,913	33,392
Less: Net income attributable to noncontrolling interests
642	608	985	616	229	1,525	-19	-49	-55	-414	-197	-362	-213	-62	72	302	171	171	217	232	164	227	232	94	128	162	205	276	54	-75	430	516	-184	151	252	-194	94	650	210	307	-40	2,088	4,800
Net income attributable to the Company
63,204	223,998	187,182	186,655	109,575	91,649	151,480	155,140	76,227	221,127	21,383	122,257	58,282	81,023	107,320	102,149	52,501	81,565	75,542	93,347	37,632	80,511	80,705	50,594	21,724	51,627	63,890	34,672	36,178	93,277	103,470	73,001	31,293	40,227	21,043	32,341	-15,335	47,094	33,133	33,833	13,769	38,825	28,592
Net income per share attributable to the Company’s stockholders (Note 9):
Basic
0.56	1.99	1.65	1.65	0.97	0.81	1.34	1.38	0.68	1.98	0.19	1.10	0.52	0.73	0.97	0.92	0.48	0.75	0.69	0.86	0.35	0.76	0.75	0.47	0.20	0.48	0.60	0.32	0.34	0.87	0.97	0.69	0.30	0.38	0.20	0.31	-0.15	0.44	0.32	0.33	0.13	0.37	-
Diluted
0.55	1.96	1.65	1.64	0.97	0.81	1.34	1.37	0.67	1.96	0.19	1.09	0.52	0.74	0.96	0.92	0.47	0.74	0.69	0.85	0.34	0.74	0.74	0.47	0.20	0.48	0.59	0.31	0.33	0.85	0.95	0.68	0.29	0.38	0.20	0.30	-0.15	0.44	0.31	0.32	0.13	0.37	-
Cash dividends declared per share
0.44	0.42	0.42	0.42	0.42	0.42	0.42	0.38	0.38	0.38	0.38	0.34	0.34	0.34	0.34	0.26	0.26	0.25	0.25	0.25	0.25	0.24	0.24	0.00	0.36	0.12	0.12	0.12	0.12	0.12	0.08	0.08	0.08	0.06	0.06	0.06	0.06	-	0.06	0.06	-	-	-
Weighted-average common shares outstanding (Note 9):
Basic
113,556	113,404	113,163	113,050	112,703	112,942	112,722	112,556	112,232	112,145	111,799	111,549	111,179	110,992	110,571	110,480	110,149	108,858	108,647	108,459	107,744	107,356	107,136	106,878	106,166	105,765	106,437	108,210	107,552	106,932	106,445	106,230	105,621	105,531	105,375	105,222	104,660	104,343	104,173	104,014	104,006	104,006	104,006
Diluted
113,959	114,157	113,741	113,498	113,224	113,599	113,365	113,117	113,035	113,144	112,575	112,199	111,822	111,725	111,251	110,978	110,670	110,060	110,004	109,796	109,444	108,966	108,863	108,647	108,276	107,667	108,437	110,311	109,993	110,034	108,709	107,945	107,480	109,153	107,005	106,838	104,660	108,462	106,112	106,128	104,006	104,006	104,006