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v3.25.3

Segment information | 9 Months Ended
--- | ---
Sep. 30, 2025
Segment Reporting [Abstract] |
Segment information | Segment information. The Company's chief operating decision maker (CODM) is the chief executive officer, who evaluates the performance of and allocates resources to its three reportable segments: title insurance and related services (title), real estate solutions, and corporate. The Company uses revenues and pretax income in assessing segment performance and trends. The title segment provides services needed to transfer title to property in a real estate transaction and includes services such as searching, abstracting, examining, closing and insuring the condition of the title to the property. In addition, the title segment includes home and personal insurance services, Internal Revenue Code Section 1031 tax-deferred exchanges, and digital customer engagement platform services. The real estate solutions segment supports the real estate industry and primarily includes credit and real estate information services, valuation services, online notarization and closing services, and capital markets search services. The corporate segment is primarily comprised of the parent holding company and centralized support services departments. Statement of income information related to these reportable segments, including major expense captions used to calculate pretax income, is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in $ thousands) |  | (in $ thousands)
Title: |  |  |  |  |  |  |
Revenues | 678,899 |  |  | 571,600 |  |  | 1,803,322 |  |  | 1,552,988 |
Expenses |  |  |  |  |  |  |
Amounts retained by agencies | 299,523 |  |  | 233,980 |  |  | 773,012 |  |  | 634,083 |
Employee costs | 191,598 |  |  | 176,225 |  |  | 549,634 |  |  | 495,943 |
Other operating expenses | 97,482 |  |  | 85,853 |  |  | 272,241 |  |  | 247,371 |
Title losses and related claims | 19,546 |  |  | 21,282 |  |  | 58,701 |  |  | 59,754 |
Depreciation and amortization | 8,356 |  |  | 8,860 |  |  | 25,413 |  |  | 26,126 |
Interest | 419 |  |  | 406 |  |  | 1,265 |  |  | 1,165 |
| 616,924 |  |  | 526,606 |  |  | 1,680,266 |  |  | 1,464,442 |
Pretax income | 61,975 |  |  | 44,994 |  |  | 123,056 |  |  | 88,546 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in $ thousands) |  | (in $ thousands)
Real estate solutions: |  |  |  |  |  |  |
Revenues | 116,639 |  |  | 96,384 |  |  | 326,424 |  |  | 271,648 |
Expenses |  |  |  |  |  |  |
Employee costs | 16,094 |  |  | 14,104 |  |  | 45,266 |  |  | 39,904 |
Other operating expenses | 86,479 |  |  | 68,634 |  |  | 243,494 |  |  | 193,703 |
Depreciation and amortization | 6,777 |  |  | 6,264 |  |  | 19,574 |  |  | 18,803 |
Interest | — |  |  | — |  |  | 2 |  |  | 7 |
| 109,350 |  |  | 89,002 |  |  | 308,336 |  |  | 252,417 |
Pretax income | 7,289 |  |  | 7,382 |  |  | 18,088 |  |  | 19,231 |
Corporate: |  |  |  |  |  |  |
Revenues - net realized gains (losses) | 1,378 |  |  | (43) |  |  | 1,335 |  |  | (149) |
Expenses |  |  |  |  |  |  |
Employee costs | 3,529 |  |  | 3,533 |  |  | 10,340 |  |  | 10,140 |
Other operating expenses | 1,204 |  |  | 1,159 |  |  | 3,870 |  |  | 3,816 |
Depreciation and amortization | 258 |  |  | 356 |  |  | 876 |  |  | 1,133 |
Interest | 4,479 |  |  | 4,493 |  |  | 13,545 |  |  | 13,596 |
| 9,470 |  |  | 9,541 |  |  | 28,631 |  |  | 28,685 |
Pretax loss | (8,092) |  |  | (9,584) |  |  | (27,296) |  |  | (28,834) |
Consolidated Stewart: |  |  |  |  |  |  |
Revenues | 796,916 |  |  | 667,941 |  |  | 2,131,081 |  |  | 1,824,487 |
Expenses |  |  |  |  |  |  |
Amounts retained by agencies | 299,523 |  |  | 233,980 |  |  | 773,012 |  |  | 634,083 |
Employee costs | 211,221 |  |  | 193,862 |  |  | 605,240 |  |  | 545,987 |
Other operating expenses | 185,165 |  |  | 155,646 |  |  | 519,605 |  |  | 444,890 |
Title losses and related claims | 19,546 |  |  | 21,282 |  |  | 58,701 |  |  | 59,754 |
Depreciation and amortization | 15,391 |  |  | 15,480 |  |  | 45,863 |  |  | 46,062 |
Interest | 4,898 |  |  | 4,899 |  |  | 14,812 |  |  | 14,768 |
| 735,744 |  |  | 625,149 |  |  | 2,017,233 |  |  | 1,745,544 |
Pretax income | 61,172 |  |  | 42,792 |  |  | 113,848 |  |  | 78,943 |
The Company does not provide asset information by reportable operating segment as it does not routinely evaluate the asset position by segment. Total revenues generated in the United States and all international operations are as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in $ thousands)
United States | 747,405 |  |  | 629,036 |  |  | 2,011,124 |  |  | 1,717,898 |
International | 49,511 |  |  | 38,905 |  |  | 119,957 |  |  | 106,589 |
| 796,916 |  |  | 667,941 |  |  | 2,131,081 |  |  | 1,824,487 |

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- Definition The entire disclosure for reporting segments including data and tables. 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