FAF — what changed in the latest 10-Q
A section-by-section comparison of FAF's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-23 vs the prior 10-Q · 2026-04-24
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +23 | −20 | ~21 | 13 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-23
Information and other revenues were $295.0 million and $564.2 million for the three and six months ended June 30, 2026, respectively, increases of $30.7 million, or 11.6%, and $63.9 million, or 12.8%, when compared with the respective periods of
the prior year. The increases were primarily due to revenue growth in the Company’s subservicing business, higher demand for non-insured information products and services and growth in refinance activity in the Company’s Canadian operations.
Net investment income totaled $164.0 million and $318.2 million for the three and six months ended June 30, 2026, respectively, increases of $16.9 million, or 11.5%, and $33.4 million, or 11.7%, when compared with the respective periods of the prior year. The increases in investment income were prim…
Net investment gains were $46.7 million and $39.1 million for the three and six months ended June 30, 2026, respectively. The gains for the three and six months ended June 30, 2026 were primarily attributable to increases in the fair values of marketable equity securities. Net investment losses of $…
Personnel costs were $572.5 million and $1.1 billion for the three and six months ended June 30, 2026, respectively, increases of $49.5 million, or 9.5%, and $111.1 million, or 11.0%, when compared with the respective periods of the prior year. The increases were primarily attributable to higher inc…
Text removed vs the prior filing · source: 10-Q · 2026-04-24
Information and other revenues were $269.2 million for the three months ended March 31, 2026, an increase of $33.2 million, or 14.1%, when compared with the same period of the prior year. The increase was primarily due to revenue growth in the Company’s subservicing business, higher demand for non-i…
Net investment income totaled $154.2 million for the three months ended March 31, 2026, an increase of $16.5 million, or 12.0%, when compared with the same period of the prior year. The increase in investment income was primarily driven by an increase in interest income from the Company’s investment…
Net investment losses were $7.6 million and $3.5 million for the three months ended March 31, 2026 and 2025, respectively. The losses for the three months ended March 31, 2026 were primarily attributable to decreases in the fair values of marketable equity securities. The losses for the three months…
Personnel costs were $546.4 million for the three months ended March 31, 2026, an increase of $61.6 million, or 12.7%, when compared with the same period of the prior year. The increase was primarily attributable to higher incentive compensation expense due to higher revenue and profitability, and h…
Agents retained $602.2 million of title premiums generated by agency operations for the three months ended March 31, 2026, which compares with $525.5 million for the same period of the prior year. The percentage of title premiums retained by agents was 79.3% and 80.3% for the three months ended Marc…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice