v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Operating revenues $ 880,973 $ 705,197 $ 1,645,527 $ 1,301,472
Investment income 14,839 16,257 28,691 28,913
Net realized and unrealized gains 3,426 727 6,328 3,780
Total revenues 899,238 722,181 1,680,546 1,334,165
Expenses        
Amounts retained by agencies 314,890 252,112 591,032 473,489
Employee costs 241,061 208,209 462,159 394,019
Other operating expenses 241,051 173,527 458,570 334,439
Title losses and related claims 22,066 21,454 40,508 39,156
Depreciation and amortization 17,634 15,150 34,488 30,472
Interest 7,439 4,953 15,067 9,914
Total expenses 844,141 675,405 1,601,824 1,281,489
Income before taxes and noncontrolling interests 55,097 46,776 78,722 52,676
Income tax expense (13,346) (11,141) (17,902) (11,625)
Net income 41,751 35,635 60,820 41,051
Less net income attributable to noncontrolling interests 4,534 3,713 6,639 6,052
Net income attributable to Stewart 37,217 31,922 54,181 34,999
Net income attributable to Stewart        
Net income 41,751 35,635 60,820 41,051
Other comprehensive (loss) income, net of taxes        
Foreign currency translation adjustments (2,219) 13,429 (4,860) 14,408
Change in net unrealized gains and losses on investments 920 734 (1,899) 6,090
Reclassification adjustments for realized gains and losses on investments 105 291 114 327
Other comprehensive (loss) income, net of taxes (1,194) 14,454 (6,645) 20,825
Comprehensive income 40,557 50,089 54,175 61,876
Less net income attributable to noncontrolling interests 4,534 3,713 6,639 6,052
Comprehensive income attributable to Stewart $ 36,023 $ 46,376 $ 47,536 $ 55,824
Basic average shares outstanding (in shares) 30,440 27,931 30,369 27,880
Basic earnings per share attributable to Stewart (in usd per share) $ 1.22 $ 1.14 $ 1.78 $ 1.26
Diluted average shares outstanding (in shares) 30,853 28,330 30,833 28,337
Diluted earnings per share attributable to Stewart (in usd per share) $ 1.21 $ 1.13 $ 1.76 $ 1.24
Direct title revenues        
Revenues        
Title revenues $ 306,590 $ 291,262 $ 576,767 $ 522,942
Agency title revenues        
Revenues        
Title revenues 377,036 301,285 710,042 568,803
Real estate solutions        
Revenues        
Real estate solutions $ 197,347 $ 112,650 $ 358,718 $ 209,727