• First American Financial average return on tangible equity for 2023 was 8.3, a 57.22% decline from 2022.
• First American Financial average return on tangible equity for 2022 was 19.4, a 37.3% decline from 2021.
• First American Financial average return on tangible equity for 2021 was 30.94, a 41.34% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.