{"id":689799,"date":"2022-09-28T09:34:02","date_gmt":"2022-09-28T13:34:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-first-american-title-insurance-group-members-and-first-american-financial-corporation-2\/"},"modified":"2022-09-28T09:34:02","modified_gmt":"2022-09-28T13:34:02","slug":"am-best-affirms-credit-ratings-of-first-american-title-insurance-group-members-and-first-american-financial-corporation-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-first-american-title-insurance-group-members-and-first-american-financial-corporation-2\/","title":{"rendered":"AM Best Affirms Credit Ratings of First American Title Insurance Group Members and First American Financial Corporation"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>AM Best Affirms Credit Ratings of First American Title Insurance Group Members and First American Financial Corporation<\/b><\/p>\n<p>OLDWICK, N.J.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>AM Best <\/b>has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of \u201ca\u201d (Excellent) of First American Title Insurance Company (Omaha, NE) and its title affiliates, which are referred to as First American Title Insurance Group (FATIG). In addition, AM Best has affirmed the Long-Term ICR of \u201cbbb\u201d (Good) of the parent holding company, First American Financial Corporation (FAF) (Delaware) [NYSE: FAF]. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.)\n<\/p>\n<p>\nThe ratings reflect FATIG\u2019s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.\n<\/p>\n<p>\nFATIG maintains a solid market position within the U.S. title insurance industry as its second-largest underwriter, based on 2021 direct premiums written. Policies are distributed on a direct basis and through a network of independent agents. The group invests heavily in its title plant, which is one of the most comprehensive in the industry. The group\u2019s operating results have generally been in line with the title industry composite averages and supportive of surplus growth. FATIG benefits from a strong franchise value, financial flexibility and operational support from FAF, which maintains relatively modest financial leverage and solid interest coverage.\n<\/p>\n<p>\nThe FSR of A (Excellent) and the Long-Term ICRs of \u201ca\u201d (Excellent) have been affirmed with stable outlooks for the members of First American Title Insurance Group:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nFirst American Title Insurance Company\n<\/li>\n<li>\nFirst American Title Insurance Company of Australia Pty Limited\n<\/li>\n<li>\nFirst American Title Insurance Company of Louisiana\n<\/li>\n<li>\nFirst European Title Insurance Company Limited\n<\/li>\n<li>\nFirst Title Insurance plc\n<\/li>\n<li>\nOhio Bar Title Insurance Company\n<\/li>\n<\/ul>\n<p><b>This press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fratings.ambest.com%2Fratingeventdisclosures.aspx&amp;esheet=52929029&amp;newsitemid=20220928005698&amp;lan=en-US&amp;anchor=Recent+Rating+Activity&amp;index=1&amp;md5=dbae42432edf123c864341e950db96a4\"><b>Recent Rating Activity<\/b><\/a><b> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww3.ambest.com%2Fambv%2Fratingmethodology%2FOpenPDF.aspx%3Fri%3D1465&amp;esheet=52929029&amp;newsitemid=20220928005698&amp;lan=en-US&amp;anchor=Guide+to+Best%27s+Credit+Ratings&amp;index=2&amp;md5=b0ca84662b49c5ce2e5c819a1d07d241\"><b>Guide to Best&#8217;s Credit Ratings<\/b><\/a><b>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ambest.com%2Fratings%2Fguidetouse.pdf&amp;esheet=52929029&amp;newsitemid=20220928005698&amp;lan=en-US&amp;anchor=Guide+to+Proper+Use+of+Best%26%238217%3Bs+Ratings+%26amp%3B+Assessments&amp;index=3&amp;md5=0d0157a52223bbdc6f181288001e4724\"><b>Guide to Proper Use of Best\u2019s Ratings &amp; Assessments<\/b><\/a><b>.<\/b><\/p>\n<p><b>AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ambest.com%2F&amp;esheet=52929029&amp;newsitemid=20220928005698&amp;lan=en-US&amp;anchor=www.ambest.com&amp;index=4&amp;md5=d117422a65484588f6ec0117a917dac2\"><b>www.ambest.com<\/b><\/a><b>.<\/b><\/p>\n<p class=\"bwalignc\"><b>Copyright \u00a9 2022 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20220928005698r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20220928005698\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20220928005698\/en\/<\/a><\/span><\/p>\n<p><b>Kourtnie Beckwith<br \/>\n<\/b><br \/><b>Financial Analyst<br \/>\n<\/b><br \/><b>+1 908 439 2200, ext. 5124<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:kourtnie.beckwith@ambest.com\">kourtnie.beckwith@ambest.com<br \/>\n<\/a><\/p>\n<p><b>Fred Eslami<br \/>\n<\/b><br \/><b>Associate Director<br \/>\n<\/b><br \/><b>+1 908 439 2200, ext. 5406<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:fred.eslami@ambest.com\">fred.eslami@ambest.com<br \/>\n<\/a><\/p>\n<p><b>Christopher Sharkey<br \/>\n<\/b><br \/><b>Manager, Public Relations<br \/>\n<\/b><br \/><b>+1 908 439 2200, ext. 5159<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:christopher.sharkey@ambest.com\">christopher.sharkey@ambest.com<br \/>\n<\/a><\/p>\n<p><b>Al Slavin<br \/>\n<\/b><br \/><b>Communications Specialist<br \/>\n<\/b><br \/><b>+1 908 439 2200, ext. 5098<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:al.slavin@ambest.com\">al.slavin@ambest.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Nebraska New Jersey Europe United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Insurance Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20220928005698\/en\/828829\/3\/AM_Best_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>AM Best Affirms Credit Ratings of First American Title Insurance Group Members and First American Financial Corporation OLDWICK, N.J.&#8211;(BUSINESS WIRE)&#8211;AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of \u201ca\u201d (Excellent) of First American Title Insurance Company (Omaha, NE) and its title affiliates, which are referred to as First American Title Insurance Group (FATIG). In addition, AM Best has affirmed the Long-Term ICR of \u201cbbb\u201d (Good) of the parent holding company, First American Financial Corporation (FAF) (Delaware) [NYSE: FAF]. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.) The ratings reflect FATIG\u2019s balance sheet strength, which AM Best &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-first-american-title-insurance-group-members-and-first-american-financial-corporation-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AM Best Affirms Credit Ratings of First American Title Insurance Group Members and First American Financial Corporation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-689799","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AM Best Affirms Credit Ratings of First American Title Insurance Group Members and First American Financial Corporation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-first-american-title-insurance-group-members-and-first-american-financial-corporation-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AM Best Affirms Credit Ratings of First American Title Insurance Group Members and First American Financial Corporation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"AM Best Affirms Credit Ratings of First American Title Insurance Group Members and First American Financial Corporation OLDWICK, N.J.&#8211;(BUSINESS WIRE)&#8211;AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of \u201ca\u201d (Excellent) of First American Title Insurance Company (Omaha, NE) and its title affiliates, which are referred to as First American Title Insurance Group (FATIG). In addition, AM Best has affirmed the Long-Term ICR of \u201cbbb\u201d (Good) of the parent holding company, First American Financial Corporation (FAF) (Delaware) [NYSE: FAF]. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.) 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In addition, AM Best has affirmed the Long-Term ICR of \u201cbbb\u201d (Good) of the parent holding company, First American Financial Corporation (FAF) (Delaware) [NYSE: FAF]. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.) The ratings reflect FATIG\u2019s balance sheet strength, which AM Best &hellip; Continue reading \"AM Best Affirms Credit Ratings of First American Title Insurance Group Members and First American Financial Corporation\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-first-american-title-insurance-group-members-and-first-american-financial-corporation-2\/","og_site_name":"Market Newsdesk","article_published_time":"2022-09-28T13:34:02+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20220928005698r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-first-american-title-insurance-group-members-and-first-american-financial-corporation-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-first-american-title-insurance-group-members-and-first-american-financial-corporation-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"AM Best Affirms Credit Ratings of First American Title Insurance Group Members and First American Financial Corporation","datePublished":"2022-09-28T13:34:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-first-american-title-insurance-group-members-and-first-american-financial-corporation-2\/"},"wordCount":566,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-first-american-title-insurance-group-members-and-first-american-financial-corporation-2\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20220928005698r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-first-american-title-insurance-group-members-and-first-american-financial-corporation-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-first-american-title-insurance-group-members-and-first-american-financial-corporation-2\/","name":"AM Best Affirms Credit Ratings of First American Title Insurance Group Members and First American Financial Corporation - 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