First American Financial Corporation

First American Financial Corporation

Type	Public
Traded as	: FAF S&P 400 Component
Industry	Financial services
Founded	1889; 128 years ago (1889)
Headquarters	1 First American Way Santa Ana, California, USA
Area served	United States
Key people	Dennis J. Gilmore (CEO)
Products	Title insurance
Revenue	US$ 4.956 billion (2013)
Operating income	US$ 467.41 million (2012)
Net income	US$ 301.04 million (2012)
Total assets	US$ 6.050 billion (2012)
Total equity	US$ 2.348 billion (2012)
Number of employees	16,000 (2015)
Website	www.firstam.com

First American Financial Corporation is a United States financial services company and is a leading provider of title insurance and settlement services to the real estate and mortgage industries.

First American provides financial services through its Title Insurance and Services segment and its Specialty Insurance segment. The First American Family of Companies’ core business lines include title insurance and closing/settlement services; title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and investment advisory services.

First American serves homebuyers and sellers, real estate professionals, loan originators and servicers, commercial property professionals, homebuilders and others involved in residential and commercial property transactions with products and services specific to their needs.

First American offers its products and services directly and through its agents and partners throughout the United States and in more than 60 countries.

In June 2010, First American Financial Corporation was established when The First American Corporation split its businesses to create two separate legal entities, First American Financial Corporation (: FAF) which provides title and financial services and CoreLogic Inc. which provides information solutions and analytics services to the real estate and mortgage industry.

First American traces its roots to 1889, when Orange County, California—a rural, undeveloped area at the time—split off from the county of Los Angeles. Two firms opened to handle title matters in the brand-new county. Five years later, Charles Edward Parker (C.E. Parker), a local businessman, succeeded in merging the two competitors into a single entity—Orange County Title Company. C.E. Parker became the president of Orange County Title, which, starting in 1909, would pay a cash dividend every year for the rest of the century and would become one of the first abstract companies in California to qualify to issue title insurance policies.