First American Financial (FRA:Y1F) Claims Ratio % : 0.00% (As of . 20)

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What is First American Financial Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for First American Financial's Claims Ratio % or its related term are showing as below:

FRA:Y1F's Claims Ratio % is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

First American Financial Claims Ratio % Historical Data

The historical data trend for First American Financial's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First American Financial Claims Ratio % Chart

First American Financial (FRA:Y1F) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %

Total Claims

Total Premiums Earned

100%

First American Financial (FRA:Y1F) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

First American Financial Claims Ratio % Related Terms

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First American Financial (FRA:Y1F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First American Financial Corp (FRA:Y1F) » Definitions » Claims Ratio %

Comparable Companies

Traded in Other Exchanges

FAF:USA

Address

1 First American Way, Santa Ana, CA, USA, 92707-5913

Website

https://www.firstam.com

First American Financial Corp is a financial services business providing insurance through two segments: title insurance and related services and specialty insurance. Title insurance and related services include real estate insurance, property closing services, third-party handling of real estate funds (escrow), risk mitigation, real estate data products, and related real estate transaction services. The title insurance sector serves residential and commercial deals. Specialty insurance includes property insurance policies, casualty insurance policies, and home warranties. Nearly all the company's revenue comes from the title insurance and related services segment in the United States.

First American Financial (FRA:Y1F) Headlines

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