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Condensed Financial Statements (Parent Company) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure | S CHEDULE II 1 OF 5 FIRST AMERICAN FINANCIAL CORPORATION (Parent Company) CONDENSED BALANCE SHEETS (in millions, except par values)
|  | December 31, |
|  | 2022 |  |  | 2021 |
Assets |  |  |  |  |  |
Cash and cash equivalents |  | $ | 597 |  |  | $ | 925 |
Due from subsidiaries, net |  |  | 10 |  |  |  | 79 |
Income taxes receivable |  |  | 22 |  |  |  | 11 |
Investment in subsidiaries |  |  | 5,908 |  |  |  | 6,862 |
Equity securities |  |  | 15 |  |  |  | 206 |
Deferred income taxes |  |  | 54 |  |  |  | 14 |
Other assets |  |  | 118 |  |  |  | 137 |
|  | $ | 6,724 |  |  | $ | 8,234 |
Liabilities and Equity |  |  |  |  |  |
Accounts payable and other accrued liabilities |  | $ | 36 |  |  | $ | 30 |
Pension costs and other retirement plans |  |  | 333 |  |  |  | 416 |
Income taxes payable |  |  | 10 |  |  |  | 24 |
Deferred income taxes |  |  | 19 |  |  |  | 345 |
Notes and contracts payable |  |  | 1,638 |  |  |  | 1,636 |
|  |  | 2,036 |  |  |  | 2,451 |
C ommitments and contingencies |  |  |  |  |  |
Stockholders’ equity: |  |  |  |  |  |
Preferred stock, $0.00001 par value; Authorized—0.5 shares; Outstanding—none |  |  | — |  |  |  | — |
Common stock, $0.00001 par value; Authorized—300.0 shares; |  |  |  |  |  |
Outstanding—103.2 shares and 109.7 shares |  |  | — |  |  |  | — |
Additional paid-in capital |  |  | 1,812 |  |  |  | 2,179 |
Retained earnings |  |  | 3,721 |  |  |  | 3,680 |
Accumulated other comprehensive loss |  |  | (868 | ) |  |  | (92 | )
Total stockholders’ equity |  |  | 4,665 |  |  |  | 5,767 |
Noncontrolling interests |  |  | 23 |  |  |  | 16 |
Total equity |  |  | 4,688 |  |  |  | 5,783 |
|  | $ | 6,724 |  |  | $ | 8,234 |
See Notes to Condensed Financial Statements SCHEDULE II 2 OF 5 FIRST AMERICAN FINANCIAL CORPORATION (Parent Company) CONDENSED STATEMENTS OF INCOME (in millions)
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Revenues: |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 733 |  |  | $ | 622 |  |  | $ | 604 |
Other (losses) income |  |  | (23 | ) |  |  | 19 |  |  |  | 14 |
Net investment (losses) gains |  |  | (192 | ) |  |  | 121 |  |  |  | 7 |
|  |  | 518 |  |  |  | 762 |  |  |  | 625 |
Expenses: |  |  |  |  |  |  |  |  |
Other expenses |  |  | 55 |  |  |  | 84 |  |  |  | 69 |
Income before income taxes and equity in undistributed earnings of subsidiaries |  |  | 463 |  |  |  | 678 |  |  |  | 556 |
Income taxes |  |  | 86 |  |  |  | 162 |  |  |  | 134 |
Equity in undistributed (losses) earnings of subsidiaries |  |  | (112 | ) |  |  | 733 |  |  |  | 278 |
Net income |  |  | 265 |  |  |  | 1,249 |  |  |  | 700 |
Less: Net income attributable to noncontrolling interests |  |  | 2 |  |  |  | 8 |  |  |  | 4 |
Net income attributable to the Company |  | $ | 263 |  |  | $ | 1,241 |  |  | $ | 696 |
See Notes to Condensed Financial Statements SCHEDULE II 3 OF 5 FIRST AMERICAN FINANCIAL CORPORATION (Parent Company) CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (in millions)
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Net income |  | $ | 265 |  |  | $ | 1,249 |  |  | $ | 700 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |
Unrealized (losses) gains on securities |  |  | (781 | ) |  |  | (143 | ) |  |  | 88 |
Foreign currency translation adjustment |  |  | (42 | ) |  |  | (1 | ) |  |  | 14 |
Pension benefit adjustment |  |  | 47 |  |  |  | 12 |  |  |  | (21 | )
Total other comprehensive (loss) income, net of tax |  |  | (776 | ) |  |  | (132 | ) |  |  | 81 |
Comprehensive (loss) income |  |  | (511 | ) |  |  | 1,117 |  |  |  | 781 |
Less: Comprehensive income attributable to noncontrolling interests |  |  | 2 |  |  |  | 8 |  |  |  | 4 |
Comprehensive (loss) income attributable to the Company |  | $ | (513 | ) |  | $ | 1,109 |  |  | $ | 777 |
See Notes to Condensed Financial Statements SCHEDULE II 4 OF 5 FIRST AMERICAN FINANCIAL CORPORATION (Parent Company) CONDENSED STATEMENTS OF CASH FLOWS (in millions)
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Cash provided by operating activities |  | $ | 779 |  |  | $ | 641 |  |  | $ | 600 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Net cash effect of acquisitions |  |  | (296 | ) |  |  | — |  |  |  | — |
Net payments to subsidiaries |  |  | (155 | ) |  |  | (259 | ) |  |  | (668 | )
Purchases of equity securities |  |  | — |  |  |  | — |  |  |  | (19 | )
Proceeds from sales of property and equipment |  |  | — |  |  |  | — |  |  |  | 7 |
Cash used for investing activities |  |  | (451 | ) |  |  | (259 | ) |  |  | (680 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Net proceeds from issuance of unsecured senior notes |  |  | — |  |  |  | 642 |  |  |  | 444 |
Borrowings under unsecured credit facility |  |  | — |  |  |  | — |  |  |  | 120 |
Repayments of borrowings under unsecured credit facility |  |  | — |  |  |  | — |  |  |  | (280 | )
Net proceeds (payments) in connection with share-based compensation |  |  | 2 |  |  |  | 6 |  |  |  | (1 | )
Repurchases of Company shares |  |  | (441 | ) |  |  | (99 | ) |  |  | (139 | )
Payments of cash dividends |  |  | (217 | ) |  |  | (213 | ) |  |  | (199 | )
Cash (used for) provided by financing activities |  |  | (656 | ) |  |  | 336 |  |  |  | (55 | )
Net (decrease) increase in cash and cash equivalents |  |  | (328 | ) |  |  | 718 |  |  |  | (135 | )
Cash and cash equivalents—Beginning of period |  |  | 925 |  |  |  | 207 |  |  |  | 342 |
Cash and cash equivalents—End of period |  | $ | 597 |  |  | $ | 925 |  |  | $ | 207 |
See Notes to Condensed Financial Statements SCHEDULE II 5 OF 5 FIRST AMERICAN FINANCIAL CORPORATION (Parent Company) NOTES TO CONDENSED FINANCIAL STATEMENTS NOTE 1. Description of the Company: First American Financial Corporation is a holding company that conducts all of its operations through its subsidiaries. The Parent Company financial statements should be read in connection with the consolidated financial statements and notes thereto included elsewhere in this Form 10-K. NOTE 2. Dividends Received: The holding company received cash dividends from subsidiaries of $731 million, $624 million and $574 million for the years ended December 31, 2022, 2021 and 2020, respectively.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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