First American (FAF) Q2 Earnings Top, Revenues Miss Estimates

First American Financial (FAF) reports a second-quarter 2024 operating income per share of $1.27, which beat the Zacks Consensus Estimate by 12.4%. The bottom line decreased 5.9% year over year. The insurer's results reflect the benefits of the seasonal pick-up in demand despite challenging market conditions. Operating revenues of $1.6 billion dropped 2.1% year over year due to lower agent premiums and information and other. The top line missed the Zacks Consensus Estimate by 1.2%. Investment income was $12 ...