XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Operating revenues $ 705,197 $ 588,438 $ 1,301,472 $ 1,122,814
Investment income 16,257 14,306 28,913 27,207
Net realized and unrealized gains (losses) 727 (514) 3,780 6,524
Revenues, Total 722,181 602,230 1,334,165 1,156,545
Expenses        
Amounts retained by agencies 252,112 200,126 473,489 400,102
Employee costs 208,209 179,708 394,019 352,125
Other operating expenses 173,527 152,291 334,439 289,244
Title losses and related claims 21,454 21,090 39,156 38,472
Depreciation and amortization 15,150 15,198 30,472 30,582
Interest 4,953 4,812 9,914 9,869
Total expenses 675,405 573,225 1,281,489 1,120,394
Income before taxes and noncontrolling interests 46,776 29,005 52,676 36,151
Income tax expense (11,141) (7,940) (11,625) (8,876)
Net income 35,635 21,065 41,051 27,275
Less net income attributable to noncontrolling interests 3,713 3,722 6,052 6,802
Net income attributable to Stewart 31,922 17,343 34,999 20,473
Net income attributable to Stewart        
Net income 35,635 21,065 41,051 27,275
Other comprehensive income (loss), net of taxes        
Foreign currency translation adjustments 13,429 (1,256) 14,408 (5,726)
Change in net unrealized gains and losses on investments 734 114 6,090 (2,162)
Reclassification adjustments for realized gains and losses on investments 291 390 327 540
Other comprehensive income (loss), net of taxes 14,454 (752) 20,825 (7,348)
Comprehensive income 50,089 20,313 61,876 19,927
Less net income attributable to noncontrolling interests 3,713 3,722 6,052 6,802
Comprehensive income attributable to Stewart $ 46,376 $ 16,591 $ 55,824 $ 13,125
Basic average shares outstanding (in shares) 27,931 27,592 27,880 27,549
Basic earnings per share attributable to Stewart (in usd per share) $ 1.14 $ 0.63 $ 1.26 $ 0.74
Diluted average shares outstanding (in shares) 28,330 28,013 28,337 28,011
Diluted earnings per share attributable to Stewart (in usd per share) $ 1.13 $ 0.62 $ 1.24 $ 0.73
Direct title revenues        
Revenues        
Title revenues $ 291,262 $ 255,480 $ 522,942 $ 466,068
Agency title revenues        
Revenues        
Title revenues 301,285 240,760 568,803 481,532
Real estate solutions        
Revenues        
Real estate solutions $ 112,650 $ 92,198 $ 209,727 $ 175,214