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Valuation And Qualifying Accounts
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-09, 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, 2024

 

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

 

$

21.8

 

 

$

8.7

 

 

$

—

 

 

$

9.0

 

(1)

 

$

21.5

 

Reserve for known and incurred but not reported
   claims:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

1,282.4

 

 

$

320.0

 

 

$

(11.2

)

 

$

397.8

 

(2)

 

$

1,193.4

 

Reserve deducted from notes receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

0.3

 

 

$

1.7

 

 

$

—

 

 

$

—

 

 

 

$

2.0

 

Reserve deducted from deferred income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

13.7

 

 

$

15.6

 

 

$

—

 

 

$

1.4

 

 

 

$

27.9

 

 

 
(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, 2023

 

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

 

$

21.3

 

 

$

8.1

 

 

$

—

 

 

$

7.6

 

(1)

 

$

21.8

 

Reserve for known and incurred but not reported
   claims:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

1,325.3

 

 

$

336.3

 

 

$

2.6

 

 

$

381.8

 

(2)

 

$

1,282.4

 

Reserve deducted from notes receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

6.8

 

 

$

—

 

 

$

—

 

 

$

6.5

 

 

 

$

0.3

 

Reserve deducted from deferred income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

7.4

 

 

$

7.6

 

 

$

—

 

 

$

1.3

 

 

 

$

13.7

 

 

 
(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, 2022

 

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

 

$

14.0

 

 

$

11.4

 

 

$

—

 

 

$

4.1

 

(1)

 

$

21.3

 

Reserve for known and incurred but not reported
   claims:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

1,283.8

 

 

$

486.3

 

 

$

(10.5

)

 

$

434.3

 

(2)

 

$

1,325.3

 

Reserve deducted from notes receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

0.3

 

 

$

27.7

 

 

$

—

 

 

$

21.2

 

 

 

$

6.8

 

Reserve deducted from deferred income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

8.1

 

 

$

—

 

 

$

—

 

 

$

0.7

 

 

 

$

7.4

 

 

 
(1)
Amount represents accounts written off, net of recoveries.
(2)
Amount represents claim payments, net of recoveries.