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TickerFAF
SectorInsurance - Specialty
Mkt capN/A
EV / EBITDAN/A
PostureHigh Velocity
Composite78/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1472787

First American Financial Corporation

FAFHIGH VELOCITYFILING INTENSITY

First American Financial Corporation reads as High Velocity (composite 78/100); pressure / disclosure signals dominate the posture this cycle · primary market Insurance.

Lens

Disclosed M&A capital (2023–2025)

$41M

−94%

vs $670M in 2020–2022

Disclosed transactions

N/A

flat

2/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

78

/100

High Velocity dominates · Filing Intensity

§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

33/100

Companies actively deploying disclosed capital into M&A

  • $972M disclosed buyer spend
  • Filed within 27d

Buyer Cadence

32/100

Buyer-side companies with recent filing activity

  • Filed within 27d
  • 138 8-Ks

Target Probability

24/100

Issuers showing target-side patterns from filings

  • 7 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 7 activism filings

Pressure Watch

36/100

Issuers facing activism, governance, or control pressure

  • 7 activism filings
  • Latest activism 3.2y ago; discounted

Distress Watch

18/100

Issuers showing financial-distress filing patterns

  • 7 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
78/100

Issuers with the highest filing-activity intensity

  • 138 8-Ks
  • Filed within 27d
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $6.6B
  • 10-Q 32d ago
  • 1 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $393M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/A$16MN/AN/A
2023N/A$25MN/AN/A
2022N/A$278MN/AN/A
2021N/AN/AN/AN/A
2020N/A$393MN/AN/A
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Insurance

Market spend (2023–2025)
$50.4B
Market spend (2020–2022)
$62.2B
Recent vs prior
−19%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

Trading comparables unavailable for this wedge.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)162026-02-18
  • 10-Q (quarterly)492026-04-24
  • 8-K (event)1382026-04-29
  • Proxy / DEF 14A182026-03-30
  • Activism (13D / DFAN / PREC)72023-03-30

Signals on file

  • elevated

    Activism on file

    2023-03-30

    7 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

First American Financial Corporation: Issuer Brief | SE-Cluster