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SANTA ANA, Calif. - First American Title Insurance Company, a subsidiary of First American Financial Corporation (NYSE:FAF), announced Thursday the appointment of Tara Smith as executive vice president of enterprise growth and multi-brand strategy. The company, currently valued at $6.6 billion, has demonstrated strong financial health with revenue growth of 9.5% over the last twelve months.
In her new role, Smith will oversee enterprise-wide growth initiatives and multi-brand strategies. She will also serve as executive sponsor of the company’s Leadership Forum, a program focused on developing future senior leaders. The appointment comes as First American maintains its impressive 15-year streak of consecutive dividend increases, currently offering a 3.3% yield. InvestingPro analysis shows multiple positive indicators for the company, with additional insights available to subscribers.
Smith joins First American from a publicly traded title insurance underwriter where she served as group president, leading its title agency group. Her career spans over two decades of leadership experience across regulated industries, including 12 years in public accounting with firms serving financial services and oil and gas clients.
"Tara brings a powerful combination of industry expertise, strategic vision, and customer focus," said Sally Tyler, president of First American Title, according to the company’s press release.
Smith has been recognized twice as one of the industry’s Women of Influence by HousingWire and previously served on the American Land Title Association’s Board of Governors. She holds a Bachelor of Business Administration in Finance from the University of Texas at Austin.
First American Title Insurance Company is the largest subsidiary of First American Financial Corporation, which reported total revenue of $6.1 billion in 2024. According to InvestingPro data, three analysts have recently revised their earnings estimates upward, with the company currently trading near its Fair Value. Investors can access the comprehensive Pro Research Report, along with detailed financial analysis and future growth projections, through an InvestingPro subscription.
In other recent news, First American Financial Corporation reported robust second-quarter earnings, surpassing market expectations. The company achieved an adjusted earnings per share of $1.53, exceeding the forecasted $1.36. Revenue reached $1.84 billion, beating the anticipated $1.77 billion. Additionally, First American Title Insurance Company has introduced AgentNet Assist, a generative artificial intelligence tool designed for title agents. This tool, part of the AgentNet platform, provides concise results with links to content from AgentNet Knowledge, the company’s repository of expert-curated underwriting resources. These developments reflect First American’s ongoing efforts to enhance its technological capabilities and financial performance. The earnings results and the introduction of new technology mark significant steps in the company’s recent activities.
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