First American Corp. Doubles Share Repurchase Plan to $200 Million

May 20, 2005

SANTA ANA, Calif. (AP) -- First American Corp., a provider of title insurance and credit reports, on Thursday said it doubled its stock buyback authorization to $200 million. The company, which also declared a regular quarterly dividend of 18 cents per share, said it has repurchased $63.9 million of its common stock since it began a $100 million repurchase program on May 18, 2004.

First American currently has about 94.4 million shares outstanding. The stock closed Wednesday at $37.70 on the New York Stock Exchange.

Copyright Associated Press


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.