Code of Ethics and Conduct

Code of Ethics and Conduct

First American Financial Corporation (the “Company”) is committed to the promotion of compliance and ethical business conduct. The Code of Ethics and Conduct (the “Code”) is intended to guide the Company’s employees, officers and directors to support their efforts to comply with the laws and regulations that impact the Company’s business.

This Code is intended to supplement the Company’s corporate and divisional policies/guidelines and the Employee Handbook, The First American Way, which sets forth our Operating Principles. As an employee, officer or director of the Company, you are expected to know and abide by the following rules of ethical conduct:

A. Conflicts of Interest

As an employee, officer or director of the Company you have a duty of loyalty to the Company, and must therefore avoid any actual conflict of interest with the Company, and should strive to avoid the appearance of a conflict of interest. A “conflict of interest” occurs when your private interest interferes with the interests of the Company. A conflict situation can arise when you take an action or have an interest that may make it difficult to perform your work objectively and effectively. Conflicts of interest can also arise when you or a member of your family receive improper personal benefits as a result of your position with the Company. If such a situation arises, employees should immediately report the circumstances to their supervisor.

To assist you in determining whether a potential conflict of interest may exist or could occur in the future, please reference the Conflicts of Interest Questionnaire set forth as Attachment A. If you answer any of these questions in the affirmative, you are required to disclose this information to the Office of Corporate Compliance using the form set forth as Attachment B. These questions are intended to be illustrative and do not represent an exhaustive list of conflict scenarios. Another resource for employees is the Company’s Conflict of Interest policy, which can be located by searching for “conflict of interest” on FALive, our Company Intranet. In lieu of submitting information to the Office of Corporate Compliance, executive officers and directors should report the circumstances of any conflict of interest to the Nominating and Corporate Governance Committee or, if the matter involves the Company’s financial reporting or internal controls, to the Audit Committee.

B. Corporate Opportunities

As an employee, officer or director you may not: (a) take for yourself personally opportunities that are discovered through the use of Company property, information or position; (b) use Company property, information or position for personal gain; or (c) compete with the Company. Employees, officers and directors owe a duty to the Company to advance its legitimate interests when the opportunity to do so arises.

C. Use of Inside Information

It is the Company’s goal and policy to protect shareholder investments through strict enforcement of the prohibition against insider trading set forth in federal securities laws and regulations. No director, officer or employee may buy or sell, or tip others to buy or sell, Company securities or the publicly-traded securities of any other company, including a competitor, customer or supplier, when in possession of “material non-public information” regarding the Company or the other company, as the case may be. Insider trading is both unethical and illegal and will be dealt with firmly.

D. Fair Dealing

As an employee, officer or director you must endeavor to deal fairly and in good faith with Company customers, suppliers, competitors and employees. You should not take unfair advantage of anyone through manipulation, concealment, abuse of privileged or confidential information, misrepresentation of material facts, or any other unfair dealing practice.

E. Confidentiality

As an employee, officer or director you should maintain the confidentiality of information entrusted to you by the Company, its business partners, suppliers, customers or others, whether the information relates to the Company’s business or a third party. Such information must not be disclosed to others, except when disclosure is authorized by the Company or legally mandated. Confidential information includes all non-public information that you learn in the course of performing your duties for the Company, including information that might be of use to competitors or harmful to the Company, or its business partners, suppliers or customers, if disclosed. The obligation to protect confidential information continues even after your relationship with the Company ends.

F. Protection and Use of Company Assets

Company assets, such as information, materials, supplies, time, intellectual property, expense privileges, software, hardware and facilities, among other property, are valuable resources owned, leased, licensed, or otherwise belonging to the Company. Safeguarding Company assets is the responsibility of all employees, officers and directors. All Company assets should be used for legitimate business purposes only and the personal use of Company assets without permission is prohibited. Limited personal use of assets such as office supplies is permitted, as long as it is occasional and reasonable.

G. Fraud

As an employee, officer or director you should not engage in fraudulent conduct. Fraud is defined as deliberately practiced deception, whether by words, conduct, false or misleading allegations, or by concealment, to secure unfair or unlawful gain. Fraud covers both express and implied representations of fact, and may be written or oral.

H. Use of Electronic Communications Resources

The Company provides electronic communication services, including phones, fax machines, email and the Internet, for the conduct of Company business, the performance of work-related duties, professional training and education. Limited personal use of these resources is authorized as long as such use:

  • Is occasional and of reasonable duration;
  • Does not adversely affect performance;
  • Is not prohibited by Company policy(ies); and
  • Does not violate state or federal laws or compromise intellectual property rights.

The following activities involving email and the Internet are expressly prohibited:

  • Viewing or downloading sexually explicit material;
  • Communications which are discriminatory, harassing, defamatory or threatening; or
  • Posting to a web site that may violate any Company policy.

Further, access and use of social media on behalf of the Company must be in accordance with Company policy/guidelines.

In addition, you cannot have any expectation of privacy in your use of Company- provided communication resources. Remember that there is no substitute for common courtesy and good judgment in communicating electronically and that care should be taken when conveying any confidential information.

I. Government Compliance

Being factual and truthful is important in all communications with others. If you interact with any government agency or auditor, you should deal strictly with factual information. Federal law provides for severe penalties for anyone who endeavors to influence, obstruct, or impede federal auditors or investigators in the performance of their official duties with the intent to deceive or defraud.

First American is committed to complying with all federal and state laws prohibiting the payment of illegal rebates or referral fees. Deliberate and intentional violations of such laws will not be tolerated.

J. Employee Privacy

It is the Company’s policy to restrict access to employee records. This includes personnel records, payroll records, benefit plans and medical records. Access to these records is limited to those who have a legal or business need to know. Care should be taken by all persons who have access to the personnel, payroll or medical information of other employees to keep that information confidential.

K. Community Activities/Political Endorsements

As private citizens, we are encouraged to participate actively in civic public affairs activities, thereby contributing to the improvement of our communities. If you are involved in outside community activities, you should make every effort to perform those activities during non-work hours. When schedule conflicts occur, advance arrangements must be made and approval obtained from your immediate supervisor.

As a private citizen, you are free to petition or otherwise contact the Government on any issue you desire. However, you may not purport to represent the Company when contacting any branch of Government at any level. Similarly, corporate political support is subject to different rules than private citizens. Therefore, when acting as a private citizen in government activities, (i.e., campaigns, elections, legislative activity) it is important to be clear that your actions are personal and not being performed on behalf of the Company.

L. Compliance with Laws, Rules and Regulations

The Company’s employees, officers and directors are subject to numerous laws, regulations, rules and Company policies/guidelines, only some of which are specifically addressed in this Code. We encourage and expect you to become reasonably informed and to comply with the laws, regulations, rules and Company policies/guidelines applicable to you, whether or not they are addressed in this Code. Additional resources to assist with this expectation include:

  • The Employee Handbook, The First American Way; and
  • Company and divisional policies and guidelines.

FALive provides employees with access to the above and other helpful resources that address specific requirements. Employees are also encouraged to reach out to their immediate supervisor, manager or other appropriate personnel if further clarification is needed to understand a specific law, regulation, Company policy/guideline or rule.

M. Discipline

Discipline will be promptly and consistently applied to serve as notice that there are serious consequences for intentional wrongdoing and to demonstrate that we are committed to integrity as an integral part of our culture. The Company believes that application of discipline for a violation of our ethics standards should be prompt and must be appropriate. Therefore, the Company will weigh all mitigating and aggravating circumstances.

N. Waivers

Waivers of this Code will only be granted in exceptional circumstances. Any waiver of this Code for executive officers or directors of the Company may be made only by the board of directors or a committee of the board of directors of the Company to which such authority has been delegated, after disclosure of all material facts by the executive officer or director seeking the waiver, and will be promptly disclosed to shareholders of the Company.

O. Conclusion

The requirements and principles contained in this Code form the cornerstone of our Company’s reputation and commitment to ethical business conduct. The Company has provided this Code as a guide and expects that each employee, officer and director will use its principles of ethical conduct as a foundation for behavior. Reference to this Code will help each of us apply our institutional and personal values of honesty, fairness and integrity to everything we do at the Company. If you need clarification on any matters not covered by this Code, please refer to your immediate supervisor, manager or other appropriate personnel.


FIRST AMERICAN FINANCIAL CORPORATION Conflicts of Interest Questionnaire

  1. Do you or any member of your family hold more than a five percent, direct or indirect share, in a company, including a title agency or insurance company:
    1. that competes or may reasonably be expected to compete with the Company?
    2. that supplies or may reasonably be expected to supply goods, materials, services or property of any kind to the Company?
    3. to which the Company supplies or may reasonably be expected to supply goods, materials, services or property of any kind?
  2. Have you or a member of your family (including a trust for the benefit of you or a family member) sold, purchased, leased or licensed a product, property or a service to or from the Company or entered into any other transaction with the Company (other than (i) the purchase of products or services available to all employees at standard terms; and (ii) the receipt of salary or other wages, employee benefits and/or other routine employer-employee arrangements)?
  3. Are any of your family members employed, or paid as a consultant or in a similar capacity, by the Company?
  4. Have you or has a member of your family received or are you or such family member expecting to receive any (i) cash payment or (ii) gifts from any competitor, or any entity that conducts business with the Company including a supplier or customer of the Company?
  5. Do you have any other relationships or have you engaged in or are you planning to engage in any other transactions that might reasonably be regarded as creating conflicts of interest?

If you answer any of these questions in the affirmative, you are required to disclose this information to the Office of Corporate Compliance. These questions are intended to be illustrative and do not represent an exhaustive list of conflict scenarios.



Conflicts of Interest Statement

I have listed below potential conflicts of interest with First American Financial Corporation, its subsidiaries or affiliates.

I further understand and agree that I am required to submit this information to the Office of Corporate Compliance by the following method:

· Scan the document and attach to your email reply to .

















Name (print)

Title (print)

Company/Office/Department (print)

1 This form is for use by the Company’s employees. The Company’s executive officers and directors should report conflicts of interest and potential conflicts of interest to the Nominating and Corporate Governance Committee or, if the matter involves the Company’s financial reporting or internal controls, to the Audit Committee.