First American Corporation (FAF) - Net Assets
Based on the latest financial reports, First American Corporation (FAF) has net assets worth $5.51 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($17.94 Billion) and total liabilities ($12.42 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore FAF asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.51 Billion |
| % of Total Assets | 30.73% |
| Annual Growth Rate | 5.66% |
| 5-Year Change | -4.9% |
| 10-Year Change | 82.44% |
| Growth Volatility | 8.69 |
First American Corporation - Net Assets Trend (2007–2025)
This chart illustrates how First American Corporation's net assets have evolved over time, based on quarterly financial data. Check First American Corporation tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for First American Corporation (2007–2025)
The table below shows the annual net assets of First American Corporation from 2007 to 2025. For live valuation and market cap data, see First American Corporation (FAF) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.50 Billion | +11.62% |
| 2024-12-31 | $4.93 Billion | +1.32% |
| 2023-12-31 | $4.86 Billion | +3.73% |
| 2022-12-31 | $4.69 Billion | -18.93% |
| 2021-12-31 | $5.78 Billion | +17.50% |
| 2020-12-31 | $4.92 Billion | +11.22% |
| 2019-12-31 | $4.43 Billion | +18.15% |
| 2018-12-31 | $3.75 Billion | +7.53% |
| 2017-12-31 | $3.48 Billion | +15.55% |
| 2016-12-31 | $3.01 Billion | +9.15% |
| 2015-12-31 | $2.76 Billion | +7.21% |
| 2014-12-31 | $2.58 Billion | +4.88% |
| 2013-12-31 | $2.46 Billion | +4.44% |
| 2012-12-31 | $2.35 Billion | +15.57% |
| 2011-12-31 | $2.03 Billion | +2.07% |
| 2010-12-31 | $1.99 Billion | -1.92% |
| 2009-12-31 | $2.03 Billion | +2.97% |
| 2008-12-31 | $1.97 Billion | -3.24% |
| 2007-12-31 | $2.04 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to First American Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 401180000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.01 Billion | 72.95% |
| Common Stock | $1.02K | 0.00% |
| Other Comprehensive Income | $-256.70 Million | -4.67% |
| Other Components | $1.74 Billion | 31.72% |
| Total Equity | $5.50 Billion | 100.00% |
First American Corporation Competitors by Market Cap
The table below lists competitors of First American Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Metallurgical Corporation of China Ltd
SHG:601618
|
$6.98 Billion |
|
Equinox Gold Corp
TO:EQX
|
$6.98 Billion |
|
Cirrus Logic Inc
NASDAQ:CRUS
|
$6.98 Billion |
|
Military Commercial Joint Stock Bank
VN:MBB
|
$6.98 Billion |
|
Avnet Inc
NASDAQ:AVT
|
$6.97 Billion |
|
Zhejiang Jingsheng Mech Electric
SHE:300316
|
$6.97 Billion |
|
Molina Healthcare Inc
NYSE:MOH
|
$6.97 Billion |
|
The Swatch Group AG
F:UHRA
|
$6.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First American Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,908,500,000 to 5,499,500,000, a change of 591,000,000 (12.0%).
- Net income of 621,800,000 contributed positively to equity growth.
- Dividend payments of 223,000,000 reduced retained earnings.
- Share repurchases of 122,300,000 reduced equity.
- Other comprehensive income increased equity by 239,700,000.
- Other factors increased equity by 74,800,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $621.80 Million | +11.31% |
| Dividends Paid | $223.00 Million | -4.05% |
| Share Repurchases | $122.30 Million | -2.22% |
| Other Comprehensive Income | $239.70 Million | +4.36% |
| Other Changes | $74.80 Million | +1.36% |
| Total Change | $- | 12.04% |
Book Value vs Market Value Analysis
This analysis compares First American Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.35x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.86x to 1.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $18.56 | $71.73 | x |
| 2008-12-31 | $18.19 | $71.73 | x |
| 2009-12-31 | $19.42 | $71.73 | x |
| 2010-12-31 | $18.65 | $71.73 | x |
| 2011-12-31 | $18.97 | $71.73 | x |
| 2012-12-31 | $21.63 | $71.73 | x |
| 2013-12-31 | $22.48 | $71.73 | x |
| 2014-12-31 | $23.67 | $71.73 | x |
| 2015-12-31 | $25.15 | $71.73 | x |
| 2016-12-31 | $27.12 | $71.73 | x |
| 2017-12-31 | $30.98 | $71.73 | x |
| 2018-12-31 | $33.06 | $71.73 | x |
| 2019-12-31 | $38.93 | $71.73 | x |
| 2020-12-31 | $43.55 | $71.73 | x |
| 2021-12-31 | $51.91 | $71.73 | x |
| 2022-12-31 | $43.69 | $71.73 | x |
| 2023-12-31 | $46.35 | $71.73 | x |
| 2024-12-31 | $47.06 | $71.73 | x |
| 2025-12-31 | $53.03 | $71.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First American Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.35%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 2.95x
- Recent ROE (11.31%) is above the historical average (8.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -7.41% | -2.35% | 1.13x | 2.77x | $-336.06 Million |
| 2008 | -4.44% | -1.92% | 0.77x | 2.99x | $-273.19 Million |
| 2009 | 6.06% | 3.02% | 0.73x | 2.74x | $-79.59 Million |
| 2010 | 6.46% | 3.27% | 0.67x | 2.94x | $-70.17 Million |
| 2011 | 3.86% | 2.05% | 0.71x | 2.65x | $-124.58 Million |
| 2012 | 12.82% | 6.63% | 0.54x | 3.58x | $66.23 Million |
| 2013 | 7.60% | 3.76% | 0.55x | 3.66x | $-58.94 Million |
| 2014 | 9.08% | 4.99% | 0.46x | 3.98x | $-23.76 Million |
| 2015 | 10.43% | 5.57% | 0.47x | 3.99x | $11.92 Million |
| 2016 | 11.38% | 6.15% | 0.47x | 3.93x | $41.56 Million |
| 2017 | 12.15% | 7.33% | 0.44x | 3.75x | $74.75 Million |
| 2018 | 12.67% | 8.26% | 0.40x | 3.84x | $99.96 Million |
| 2019 | 15.98% | 11.41% | 0.39x | 3.60x | $264.50 Million |
| 2020 | 14.14% | 9.83% | 0.55x | 2.60x | $203.84 Million |
| 2021 | 21.46% | 13.47% | 0.56x | 2.85x | $662.80 Million |
| 2022 | 5.61% | 3.46% | 0.39x | 4.19x | $-205.80 Million |
| 2023 | 4.47% | 3.61% | 0.36x | 3.47x | $-268.01 Million |
| 2024 | 2.67% | 2.14% | 0.41x | 3.04x | $-359.75 Million |
| 2025 | 11.31% | 8.35% | 0.46x | 2.95x | $71.85 Million |
Industry Comparison
This section compares First American Corporation's net assets metrics with peer companies in the Insurance - Specialty industry.
Industry Context
- Industry: Insurance - Specialty
- Average net assets among peers: $3,263,556,111
- Average return on equity (ROE) among peers: 14.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First American Corporation (FAF) | $5.51 Billion | -7.41% | 2.25x | $6.98 Billion |
| Enact Holdings Inc (ACT) | $4.11 Billion | 13.32% | 0.44x | $6.15 Billion |
| Assured Guaranty Ltd (AGO) | $994.50 Million | 9.37% | 0.92x | $3.37 Billion |
| Ambac Financial Group Inc (AMBC) | $6.18 Billion | 14.16% | 2.28x | $393.43 Million |
| AMERISAFE Inc (AMSF) | $292.78 Million | 10.03% | 2.87x | $589.73 Million |
| AXIS Capital Holdings Ltd (AXS) | $5.44 Billion | 0.85% | 2.27x | $7.96 Billion |
| Employers Holdings Inc (EIG) | $947.70 Million | 10.68% | 3.05x | $766.39 Million |
| Essent Group Ltd (ESNT) | $1.94 Billion | 19.57% | 0.38x | $6.30 Billion |
| Fidelity National Financial Inc (FNF) | $9.46 Billion | 29.58% | 5.42x | $12.84 Billion |
| Investors Title Company (ITIC) | $5.80 Million | 20.69% | 0.36x | $514.23 Million |
About First American Corporation
First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally. This segment also provides closing and/or escrow s… Read more