First American Doubles Earnings for 2nd Quarter

First American Financial Corp., the holding company for First American Title Insurance Co. in Santa Ana, reported record second-quarter earnings of $11.1 million, nearly twice the $6 million posted in the same period last year. Quarterly revenues reached a record $114.5 million, up 34% from $85.5 million a year ago.

In the first six months, the company posted net income of $23 million, including a non-recurring tax benefit of $9 million, contrasted with profits of $7.3 million in the same period last year. First-half revenues rose 35% to $204.3 million from $150.9 million last year.

First American offers title services through a network of more than 2,500 offices or agents in all 50 states. It also provides title services in Guam, Mexico, Puerto Rico, the Virgin Islands and England.

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