XML 72 R55.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Accumulated Other Comprehensive Income (Loss) ("AOCI") (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Accumulated Other Comprehensive Income Other Comprehensive Income [Abstract] |
Components of Accumulated Other Comprehensive Income (Loss) | The following table presents a summary of the changes in each component of AOCI for the years ended December 31, 2023, 2022 and 2021:
(in millions) |  | Unrealized gains (losses) on debt securities |  |  | Foreign currency translation adjustment |  |  | Pension benefit adjustment |  |  | Accumulated other comprehensive income (loss) |
Balance at December 31, 2020 |  | $ | 171.8 |  |  | $ | (38.0 | ) |  | $ | (94.2 | ) |  | $ | 39.6 |
Change in unrealized gains (losses) on debt securities |  |  | (188.6 | ) |  |  | — |  |  |  | — |  |  |  | (188.6 | )
Change in unrealized gains (losses) on debt securities for which credit-related portion was recognized in earnings |  |  | (0.4 | ) |  |  | — |  |  |  | — |  |  |  | (0.4 | )
Change in foreign currency translation adjustment |  |  | — |  |  |  | (1.9 | ) |  |  | — |  |  |  | (1.9 | )
Net actuarial gain |  |  | — |  |  |  | — |  |  |  | 11.4 |  |  |  | 11.4 |
Amortization of net actuarial loss |  |  | — |  |  |  | — |  |  |  | 6.8 |  |  |  | 6.8 |
Amortization of prior service credit |  |  | — |  |  |  | — |  |  |  | (1.3 | ) |  |  | (1.3 | )
Tax effect |  |  | 46.5 |  |  |  | — |  |  |  | (4.5 | ) |  |  | 42.0 |
Balance at December 31, 2021 |  |  | 29.3 |  |  |  | (39.9 | ) |  |  | (81.8 | ) |  |  | (92.4 | )
Change in unrealized gains (losses) on debt securities |  |  | (1,044.9 | ) |  |  | — |  |  |  | — |  |  |  | (1,044.9 | )
Change in foreign currency translation adjustment |  |  | — |  |  |  | (43.3 | ) |  |  | — |  |  |  | (43.3 | )
Net actuarial gain |  |  | — |  |  |  | — |  |  |  | 57.4 |  |  |  | 57.4 |
Amortization of net actuarial loss |  |  | — |  |  |  | — |  |  |  | 5.8 |  |  |  | 5.8 |
Amortization of prior service cost |  |  | — |  |  |  | — |  |  |  | 0.2 |  |  |  | 0.2 |
Tax effect |  |  | 264.0 |  |  |  | 1.1 |  |  |  | (16.8 | ) |  |  | 248.3 |
Balance at December 31, 2022 |  |  | (751.6 | ) |  |  | (82.1 | ) |  |  | (35.2 | ) |  |  | (868.9 | )
Change in unrealized gains (losses) on debt securities |  |  | 262.3 |  |  |  | — |  |  |  | — |  |  |  | 262.3 |
Change in foreign currency translation adjustment |  |  | — |  |  |  | 17.7 |  |  |  | — |  |  |  | 17.7 |
Net actuarial loss |  |  | — |  |  |  | — |  |  |  | (4.8 | ) |  |  | (4.8 | )
Amortization of net actuarial loss |  |  | — |  |  |  | — |  |  |  | 2.0 |  |  |  | 2.0 |
Tax effect |  |  | (64.3 | ) |  |  | (0.5 | ) |  |  | 0.7 |  |  |  | (64.1 | )
Balance at December 31, 2023 |  | $ | (553.6 | ) |  | $ | (64.9 | ) |  | $ | (37.3 | ) |  | $ | (655.8 | )
Adjustments for Reclassification of Other Comprehensive Income (Loss) | The following table presents the other comprehensive income (loss) reclassification adjustments for the years ended December 31, 2023, 2022 and 2021:
|  | Unrealized gains (losses) on debt securities |  |  | Foreign currency translation adjustment |  |  | Pension benefit adjustment |  |  | Total other comprehensive income (loss) |
|  | (in millions) |
Year ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Pretax change before reclassifications |  | $ | 181.4 |  |  | $ | 17.7 |  |  | $ | (4.8 | ) |  | $ | 194.3 |
Reclassifications out of AOCI |  |  | 80.9 |  |  |  | — |  |  |  | 2.0 |  |  |  | 82.9 |
Tax effect |  |  | (64.3 | ) |  |  | (0.5 | ) |  |  | 0.7 |  |  |  | (64.1 | )
Total other comprehensive income (loss), net of tax |  | $ | 198.0 |  |  | $ | 17.2 |  |  | $ | (2.1 | ) |  | $ | 213.1 |
Year ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Pretax change before reclassifications |  | $ | (1,181.4 | ) |  | $ | (43.3 | ) |  | $ | 57.4 |  |  | $ | (1,167.3 | )
Reclassifications out of AOCI |  |  | 136.5 |  |  |  | — |  |  |  | 6.0 |  |  |  | 142.5 |
Tax effect |  |  | 264.0 |  |  |  | 1.1 |  |  |  | (16.8 | ) |  |  | 248.3 |
Total other comprehensive income (loss), net of tax |  | $ | (780.9 | ) |  | $ | (42.2 | ) |  | $ | 46.6 |  |  | $ | (776.5 | )
Year ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Pretax change before reclassifications |  | $ | (168.8 | ) |  | $ | (1.9 | ) |  | $ | 11.4 |  |  | $ | (159.3 | )
Reclassifications out of AOCI |  |  | (20.2 | ) |  |  | — |  |  |  | 5.5 |  |  |  | (14.7 | )
Tax effect |  |  | 46.5 |  |  |  | — |  |  |  | (4.5 | ) |  |  | 42.0 |
Total other comprehensive income (loss), net of tax |  | $ | (142.5 | ) |  | $ | (1.9 | ) |  | $ | 12.4 |  |  | $ | (132.0 | )
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | The following table presents the effects of the reclassifications out of AOCI on the respective line items in the consolidated statements of income:
|  | Year ended December 31, |  |  |
(in millions) |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | Affected line items
Unrealized gains (losses) on debt securities: |  |  |  |  |  |  |  |  |  |  |
Net realized (losses) gains on sales of debt securities |  | $ | (80.9 | ) |  | $ | (136.5 | ) |  | $ | 20.3 |  |  | Net investment (losses) gains
Credit losses recognized on debt securities |  |  | — |  |  |  | — |  |  |  | (0.1 | ) |  | Net investment (losses) gains
Pretax total |  | $ | (80.9 | ) |  | $ | (136.5 | ) |  | $ | 20.2 |  |  |
Tax effect |  | $ | 19.8 |  |  | $ | 36.2 |  |  | $ | (5.0 | ) |  |
Pension benefit adjustment (1): |  |  |  |  |  |  |  |  |  |  |
Amortization of net actuarial loss |  | $ | (2.0 | ) |  | $ | (5.8 | ) |  | $ | (6.8 | ) |  | Other operating expenses
Amortization of prior service (cost) credit |  |  | — |  |  |  | (0.2 | ) |  |  | 1.3 |  |  | Other operating expenses
Pretax total |  | $ | (2.0 | ) |  | $ | (6.0 | ) |  | $ | (5.5 | ) |  |
Tax effect |  | $ | 0.5 |  |  | $ | 1.6 |  |  | $ | 1.5 |  |  |

X
- Definition Accumulated other comprehensive income other comprehensive income. + References No definition available. + Details
Name: | faf_AccumulatedOtherComprehensiveIncomeOtherComprehensiveIncomeAbstract
Namespace Prefix: | faf_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of other comprehensive income (loss) reclassification adjustments. + References No definition available. + Details
Name: | faf_OtherComprehensiveIncomeLossReclassificationAdjustmentsTableTextBlock
Namespace Prefix: | faf_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration