First American Financial (First American Financial) Scaled Net Operating Assets : 0.33 (As of Mar. 2024)

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What is First American Financial Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First American Financial's operating assets for the quarter that ended in Mar. 2024 was $13,114 Mil. First American Financial's operating liabilities for the quarter that ended in Mar. 2024 was $7,572 Mil. First American Financial's Total Assets for the quarter that ended in Dec. 2023 was $16,803 Mil. Therefore, First American Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.33.

First American Financial Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First American Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(13141.7	-	9746.2)	/	14955.3
=	0.23

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	16802.8	-	3661.1
=	13141.7

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	11940	-	1340.5	-	853.3
=	9746.2

First American Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(13114.3	-	7571.7)	/	16802.8
=	0.33

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	14697.8	-	1583.5
=	13114.3

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	9891.9	-	1631.4	-	688.8
=	7571.7

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First American Financial (First American Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First American Financial Corp (NYSE:FAF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 First American Way, Santa Ana, CA, USA, 92707-5913

Website

https://www.firstam.com

First American Financial Corp is a financial services business providing insurance through two segments: title insurance and related services and specialty insurance. Title insurance and related services include real estate insurance, property closing services, third-party handling of real estate funds (escrow), risk mitigation, real estate data products, and related real estate transaction services. The title insurance sector serves residential and commercial deals. Specialty insurance includes property insurance policies, casualty insurance policies, and home warranties. Nearly all the company's revenue comes from the title insurance and related services segment in the United States.

Executives

Steven A Adams	officer: VP & Chief Accounting Officer	2260 E IMPERIAL HIGHWAY, EL SEGUNDO X1 90245
Christopher Michael Leavell	officer: COO of Subsidiary	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Marsha A Spence	director	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Kenneth D Degiorgio	director, officer: Executive Vice President
Lisa W Cornehl	officer: SVP, Chief Legal Officer	1 FIRST AMERICAN WAY, SANTA ANA CA 92886
Jean C Latorre	director	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Mark C Oman	director	ONE HOME CAMPUS X2401-06X, DES MOINES IA 50328
Mark Edward Seaton	officer: Senior Vice President	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Matthew F. Wajner	officer: Chief Accounting Officer	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Martha B Wyrsch	director
Dennis J Gilmore	officer: Chief Executive Officer	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Reginald Harold Gilyard	director	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Parker S Kennedy	director, officer: Executive Chairman	114 EAST FIFTH STREET, SANTA ANA CA 92701
James L Doti	director
Margaret M Mccarthy	director	AETNA INC., 151 FARMINGTON AVENUE, HARTFORD CT 06156