Index First American Profile Financial Highlights Letter to Stockholders First American's Strength in Numbers Title Information and Services Real Estate Information and Services Consumer Information and Services Management's Discussion and Analysis Selected Financial Data Common Stock Prices and Dividends Quarterly Financial Data Consolidated Balance Sheets Consolidated Statements of Income Consolidated Statements of Stockholders' Equity Consolidated Statements of Cash Flows Notes to Consolidated Financial Statements Report of Independent Accountants Officers Board of Directors Primary Companies Stockholder Information Back Cover

 FINANCIAL HIGHLIGHTS

(in thousands, except percentages, per share amounts, and employee data)		2001					2000		Percent increase
Revenues	$	3,750,723		$	2,934,255		28
Expenses		3,421,183			2,780,379		23
Income before income taxes and minority interests		329,540			153,876		114
Income taxes		117,500			54,700		115
Income before minority interests		212,040			99,176		114
Minority interests		44,772			16,953		164
Net income	$	167,268		$	82,223		103
Stockholders’ equity	$	1,104,452		$	870,237		27
Return on average stockholders’ equity		16.9	%		9.8	%	72
Cash dividends on common shares	$	18,210		$	15,256		19
Per share of common stock (Note A) —
Net income:
Basic	$	2.51		$	1.29		95
Diluted	$	2.27		$	1.24		83
Stockholders’ equity	$	16.08		$	13.62		18
Cash dividends	$	.27		$	.24		13
Number of common shares outstanding —
Weighted average during the year:
Basic		66,568			63,680		5
Diluted		75,834			66,050		15
End of year		68,694			63,887		8
Number of employees		22,597			20,346		11

Note A —

Per share information relating to net income is based on weighted-average number of shares outstanding for the years presented. Per share information relating to stockholders’ equity is based on shares outstanding at the end of each year.