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Valuation And Qualifying Accounts
 12 Months Ended
Dec. 31, 2021
Valuation And Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts

SCHEDULE V

1 OF 3

FIRST AMERICAN FINANCIAL CORPORATION

AND SUBSIDIARY COMPANIES

VALUATION AND QUALIFYING ACCOUNTS

(in millions)

Year Ended December 31, 2021

 

Column A

 

Column B

 

 

Column C

 

 

Column D

 

 

Column E

 

 

 

 

 

 

 

Additions

 

 

 

 

 

 

 

 

 

Description

 

Balance at
beginning
of period

 

 

Charged to
costs and
expenses

 

 

Charged
to other
accounts

 

 

Deductions
from
reserve

 

 

Balance
at end
of period

 

Reserve deducted from accounts receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

14

 

 

$

4

 

 

$

—

 

 

$

4

(1)

 

$

14

 

Reserve for known and incurred but not reported claims:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

1,178

 

 

$

589

 

 

$

(1

)

 

$

482

(2)

 

$

1,284

 

Reserve deducted from deferred income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

9

 

 

$

—

 

 

$

—

 

 

$

1

 

 

$

8

 

(1)Amount represents accounts written off, net of recoveries.

(2)Amount represents claim payments, net of recoveries.

SCHEDULE V

2 OF 3

FIRST AMERICAN FINANCIAL CORPORATION

AND SUBSIDIARY COMPANIES

VALUATION AND QUALIFYING ACCOUNTS

(in millions)

Year Ended December 31, 2020

 

Column A

 

Column B

 

 

Column C

 

 

Column D

 

 

Column E

 

 

 

 

 

 

 

Additions

 

 

 

 

 

 

 

 

 

Description

 

Balance at
beginning
of period

 

 

Charged to
costs and
expenses

 

 

Charged
to other
accounts

 

 

Deductions
from
reserve

 

 

Balance
at end
of period

 

Reserve deducted from accounts receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

13

 

 

$

7

 

 

$

—

 

 

$

6

(1)

 

$

14

 

Reserve for known and incurred but not reported claims:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

1,063

 

 

$

580

 

 

$

6

 

 

$

471

(2)

 

$

1,178

 

Reserve deducted from deferred income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

10

 

 

$

—

 

 

$

—

 

 

$

1

 

 

$

9

 

(1)Amount represents accounts written off, net of recoveries.

(2)Amount represents claim payments, net of recoveries.

SCHEDULE V

3 OF 3

FIRST AMERICAN FINANCIAL CORPORATION

AND SUBSIDIARY COMPANIES

VALUATION AND QUALIFYING ACCOUNTS

(in millions)

Year Ended December 31, 2019

 

Column A

 

Column B

 

 

Column C

 

 

Column D

 

 

Column E

 

 

 

 

 

 

 

Additions

 

 

 

 

 

 

 

 

 

Description

 

Balance at
beginning
of period

 

 

Charged to
costs and
expenses

 

 

Charged
to other
accounts

 

 

Deductions
from
reserve

 

 

Balance
at end
of period

 

Reserve deducted from accounts receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

14

 

 

$

4

 

 

$

—

 

 

$

5

(1)

 

$

13

 

Reserve for known and incurred but not reported claims:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

1,042

 

 

$

446

 

 

$

(10

)

 

$

415

(2)

 

$

1,063

 

Reserve deducted from deferred income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

11

 

 

$

—

 

 

$

—

 

 

$

1

 

 

$

10

 

(1)Amount represents accounts written off, net of recoveries.

(2)Amount represents claim payments, net of recoveries.