Earnings per share. Basic earnings per share (EPS) attributable to Stewart is calculated by dividing net income attributable to Stewart by the weighted-average number of shares of Common Stock outstanding during the reporting periods. To calculate diluted EPS, the number of shares is adjusted to include the number of additional shares that would have been outstanding if restricted units were vested and issued and stock options were exercised. In periods of net losses, dilutive shares are excluded from the calculation of the diluted EPS and diluted EPS is computed in the same manner as basic EPS.


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Numerator:


Net income attributable to Stewart (in $'000)	37,217	31,922	54,181	34,999

Denominator (in '000):
Basic average shares outstanding	30,440	27,931	30,369	27,880
Average number of dilutive shares relating to options	184	182	185	193
Average number of dilutive shares relating to restricted units	229	217	279	264
Diluted average shares outstanding	30,853	28,330	30,833	28,337

Basic earnings per share attributable to Stewart ($)	1.22	1.14	1.78	1.26

Diluted earnings per share attributable to Stewart ($)	1.21	1.13	1.76	1.24