First American Financial (First American Financial) Future Policy Benefits

: $1,282 Mil (As of Dec. 2023)

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Future Policy Benefits represents an insurance entity's net liability for future benefits (for example, death, cash surrender value) to be paid to or on behalf of policyholders, where the accounting policy describes the bases, methodologies and components of the reserve, and assumptions regarding estimates of expected investment yields, mortality, morbidity, terminations and expenses.

First American Financial's quarterly future policy benefits declined from Jun. 2023 ($1,322 Mil) to Sep. 2023 ($1,300 Mil) and declined from Sep. 2023 ($1,300 Mil) to Dec. 2023 ($1,282 Mil).

First American Financial's annual future policy benefits increased from Dec. 2021 ($1,284 Mil) to Dec. 2022 ($1,325 Mil) but then declined from Dec. 2022 ($1,325 Mil) to Dec. 2023 ($1,282 Mil).

First American Financial Future Policy Benefits Historical Data

The historical data trend for First American Financial's Future Policy Benefits can be seen below:

* 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Future Policy Benefits

1,063.04

1,178.00

1,284.00

1,325.30

1,282.40

First American Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Future Policy Benefits																1,325.30	1,314.50	1,322.20	1,299.50	1,282.40

First American Financial Future Policy Benefits Calculation

Future Policy Benefits

First American Financial (First American Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First American Financial Corp (NYSE:FAF) » Definitions » Future Policy Benefits

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