36047--3/1/2010--FIRST_AMERICAN

related topics

{loan, real, estate}

{regulation, government, change}

{product, market, service}

{acquisition, growth, future}

{capital, credit, financial}

{loss, insurance, financial}

{system, service, information}

{condition, economic, financial}

{cost, contract, operation}

{debt, indebtedness, cash}

{tax, income, asset}

{provision, law, control}

{cost, operation, labor}

1. Conditions in the real estate market generally impact the demand for a substantial portion of the Company s products and services 2. Unfavorable economic conditions may have a material adverse effect on the Company 3. Unfavorable economic or other conditions could cause the Company to write off a portion of its goodwill and other intangible assets 4. A downgrade by ratings agencies, reductions in statutory surplus maintained by the Company s title insurance underwriters or a deterioration in other measures of financial strength may negatively affect the Company s results of operations and competitive position 5. Failures at financial institutions at which the Company deposits funds could adversely affect the Company 6. Changes in government regulation could prohibit or limit the Company s operations or make it more burdensome to conduct such operations 7. Scrutiny of the Company s businesses and the industries in which it operates by governmental entities and others could adversely affect its operations and financial condition 8. The Company may find it difficult to acquire necessary data 9. Regulation of title insurance rates could adversely affect the Company s results of operations 10. As a holding company, the Company depends on distributions from its subsidiaries, and if distributions from its subsidiaries are materially impaired, the Company s ability to declare and pay dividends may be adversely affected; in addition, insurance and other regulations may limit the amount of dividends, loans and advances available from the Company s insurance subsidiaries 11. The Company s pension plan is currently underfunded and pension expenses and funding obligations could increase significantly as a result of the weak performance of financial markets and its effect on plan assets 12. Weakness in the commercial real estate market or an increase in the amount or severity of claims in connection with commercial real estate transactions could adversely affect the Company s results of operations 13. Actual claims experience could materially vary from the expected claims experience reflected in the Company s reserve for incurred but not reported ( IBNR ) title claims 14. Systems interruptions and intrusions may impair the delivery of the Company s products and services 15. The Company may not be able to realize the benefits of its offshore strategy 16. The Company may not be able to consummate the spin-off transaction, consummate such transaction in its originally proposed form, or realize the anticipated benefits thereof 17. Product migration may result in decreased revenue 18. Increases in the size of the Company s customers enhance their negotiating position with respect to pricing and terms and may decrease their need for the services offered by the Company 19. Certain provisions of the Company s articles of incorporation may reduce the likelihood of any unsolicited acquisition proposal or potential change of control that the Company s shareholders might consider favorable 20. The Company s investment portfolio is subject to certain risks and could experience losses

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36047--3/1/2010--FIRST_AMERICAN_CORP