Earnings per share

6 Months Ended

Jun. 30, 2025

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.

The calculation of the basic and diluted EPS is as follows:


	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Numerator:


Net income attributable to Stewart (in $'000)	31,922	17,343	34,999	20,473

Denominator (in '000):
Basic average shares outstanding	27,931	27,592	27,880	27,549
Average number of dilutive shares relating to options	182	211	193	206
Average number of dilutive shares relating to restricted units	217	210	264	256
Diluted average shares outstanding	28,330	28,013	28,337	28,011

Basic earnings per share attributable to Stewart ($)	1.14	0.63	1.26	0.74

Diluted earnings per share attributable to Stewart ($)	1.13	0.62	1.24	0.73