First American Financial reports Q3 2024 net loss of $104 million, or $1.00 per share
First American Financial Corporation reported a third-quarter 2024 net loss of $104 million, or $1.00 per diluted share, compared with a net loss of $2 million, or 2 cents per share, a year earlier. Total revenue fell 5 percent to $1.4 billion, mainly because of $312 million in net investment losses tied to an investment portfolio rebalancing project. Adjusted earnings rose to $1.34 per diluted share from $1.22, and management said it is cautiously optimistic about 2025.
Key points
- Net loss of $104 million, or $1.00 per diluted share, versus $2 million, or 2 cents, in Q3 2023
- Adjusted EPS of $1.34, up from $1.22; total revenue of $1.4 billion, down 5 percent
- Net investment losses of $312 million, or $2.28 per diluted share, mainly from the portfolio rebalancing
- Common stock dividend raised 2 percent to an annual rate of $2.16 per share
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.