Thomas McKernan - First American Independent Director

FAF Stock  USD 62.62  0.37  0.59%   

Director

Mr. Thomas V. McKernan, Jr., is a Independent Director of First American Financial Corporationrationration. Mr. McKernan was a director since March 2011. He serves as chairman of the board of AAAAuto Club Enterprises and the Automobile Club of Southern California . Mr. McKernan served as chief executive officer of the Auto Club from 1991 until his retirement in 2012 since 2011.
Age 76
Tenure 13 years
Address 1 First American Way, Santa Ana, CA, United States, 92707-5913
Phone714 250 3000
Webhttps://www.firstam.com
McKernan also serves as a director of Payden & Rygel Investment Group and as a trustee of certain funds associated therewith. Other positions held by Mr. McKernan include directorships with various companies and membership on various advisory councils. In addition, he served as vice chairman of the board of California Physicians Service, Inc., which operates as Blue Shield of California, and its subsidiary, Blue Shield of California Life & Health Insurance Company, until September 2009. Through his operating and executive management experience, much of it gained in the process of transforming the Auto Club into a leader in the California insurance industry, Mr. McKernan brings to the Company valuable insight into the challenges facing an insurance company that is executing on a strategic growth plan. His extensive experience participating in the management of insurance company investment portfolios also was of significant value to the Company.

First American Management Efficiency

The First American's current Return On Tangible Assets is estimated to increase to 0.02. The First American's current Return On Capital Employed is estimated to increase to 0.02. At this time, First American's Other Current Assets are most likely to increase significantly in the upcoming years. The First American's current Intangible Assets is estimated to increase to about 2.1 B, while Other Assets are projected to decrease to roughly 5.4 B. First American's management efficiency ratios could be used to measure how well First American manages its routine affairs as well as how well it operates its assets and liabilities.
First American has 1.39 B in debt with debt to equity (D/E) ratio of 0.5, which is OK given its current industry classification. First American has a current ratio of 0.38, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for First to invest in growth at high rates of return.

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First American Financial Corporation, through its subsidiaries, provides financial services. First American Financial Corporation was founded in 1889 and is headquartered in Santa Ana, California. First American operates under InsuranceSpecialty classification in the United States and is traded on New York Stock Exchange. It employs 22233 people. First American (FAF) is traded on New York Stock Exchange in USA. It is located in 1 First American Way, Santa Ana, CA, United States, 92707-5913 and employs 19,210 people. First American is listed under Property & Casualty Insurance category by Fama And French industry classification.

Management Performance

First American Leadership Team

Elected by the shareholders, the First American's board of directors comprises two types of representatives: First American inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First American's management team and ensure that shareholders' interests are well served. First American's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First American's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jon Wierks, Vice President - First American's Data and Analytics
Marcus Reese, VP Officer
Mark Seaton, Chief Financial Officer, Executive Vice President
Jody Mulkey, Chief Officer
Dennis Gilmore, CEO, Director and Member of Executive Committee
Kenneth DeGiorgio, President, Executive Vice President
Mark Oman, Independent Director
George Livermore, Executive Solutions
Thomas McKernan, Independent Director
James Rogers, Vice Investments
Matthew Wajner, Chief Accounting Officer, Vice President
Dianna Serio, Senior Strategy
Chelsea Sumrow, VP Officer
Parker Kennedy, Executive Chairman, Chairman of Executive Committee and Member of Compensation Committee
Christopher Leavell, Chief Operating Officer of First American Title Insurance Company
James Doti, Lead Independent Director
Michael McKee, Independent Director
Shabnam Jalakian, VP Officer
Reginald Gilyard, Independent Director
Martha Wyrsch, Independent Director
Lisa Cornehl, Senior Vice President Chief Legal Officer
Mark Fleming, Chief Economist
Craig Barberio, Investor Relations Contact Officer
Jean LaTorre, Director
Mark Rutherford, VP HR
Paul Hurst, Chief Innovation Officer
Margaret McCarthy, Independent Director
Steven Adams, Chief Accounting Officer, Principal Accounting Officer, Vice President
Rouz Tabaddor, Vice President Chief Intellectual Property Officer

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First American a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether First American is a strong investment it is important to analyze First American's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First American's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For more detail on how to invest in First Stock please use our How to Invest in First American guide.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First American. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First American listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.16)
Dividend Share
2.13
Earnings Share
0.88
Revenue Per Share
56.505
Quarterly Revenue Growth
(0.05)
The market value of First American is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First American's value that differs from its market value or its book value, called intrinsic value, which is First American's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First American's market value can be influenced by many factors that don't directly affect First American's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First American's value and its price as these two are different measures arrived at by different means. Investors typically determine if First American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First American's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.