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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Operating revenues $ 776,483 $ 649,601 $ 2,077,954 $ 1,772,416
Investment income 14,819 13,626 43,733 40,833
Net realized and unrealized gains 5,614 4,714 9,394 11,238
Revenues, Total 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
Total expenses 735,744 625,149 2,017,233 1,745,544
Income before taxes and noncontrolling interests 61,172 42,792 113,848 78,943
Income tax expense (12,975) (9,123) (24,600) (17,999)
Net income 48,197 33,669 89,248 60,944
Less net income attributable to noncontrolling interests 3,938 3,573 9,990 10,375
Net income attributable to Stewart 44,259 30,096 79,258 50,569
Net income attributable to Stewart        
Net income 48,197 33,669 89,248 60,944
Other comprehensive (loss) income, net of taxes        
Foreign currency translation adjustments (5,178) 4,842 9,230 (884)
Change in net unrealized gains and losses on investments 3,073 13,015 9,163 10,853
Reclassification adjustments for realized gains and losses on investments 183 402 510 942
Other comprehensive (loss) income, net of taxes (1,922) 18,259 18,903 10,911
Comprehensive income 46,275 51,928 108,151 71,855
Less net income attributable to noncontrolling interests 3,938 3,573 9,990 10,375
Comprehensive income attributable to Stewart $ 42,337 $ 48,355 $ 98,161 $ 61,480
Basic average shares outstanding (in shares) 28,004 27,688 27,922 27,592
Basic earnings per share attributable to Stewart (in usd per share) $ 1.58 $ 1.09 $ 2.84 $ 1.83
Diluted average shares outstanding (in shares) 28,491 28,200 28,386 28,069
Diluted earnings per share attributable to Stewart (in usd per share) $ 1.55 $ 1.07 $ 2.79 $ 1.80
Direct title revenues        
Revenues        
Title revenues $ 299,690 $ 270,706 $ 822,631 $ 736,774
Agency title revenues        
Revenues        
Title revenues 360,186 282,549 928,989 764,081
Real estate solutions        
Revenues        
Real estate solutions $ 116,607 $ 96,346 $ 326,334 $ 271,561