First American (FAF) Q1 Earnings & Revenues Miss Estimates

First American Financial Corporation (FAF) reported first-quarter 2024 operating income per share of 45 cents, which missed the Zacks Consensus Estimate by 32.8%. The bottom line increased 2.2% year over year.The insurer’s results reflect soft performances in the Title Insurance and Services segment and lower investment income, partially offset by improvement in the Home Warranty segment.Behind the HeadlinesOperating revenues of $1.4 billion decreased 1.4% year over year due to lower direct premiums and esc ...