First American Financial

Q2 FY2026 EarningsQ2 FY2026 outperformed consensus expectations significantly, with revenue reaching $2,117.3M vs. $2,028.9M expected and diluted GAAP EPS of $2.12 vs. the $1.84 consensus. The Title Insurance segment was the primary driver, benefiting from a 17.3% YoY increase in domestic average revenue per order and strong performance in the commercial sector. Pretax margins expanded to 15.7% (up 310bps YoY), while Normalized Net Income reached $343.6M, far exceeding the $201.9M market estimate.