HOUSTON, July 24, 2024 /PRNewswire/ -- Stewart Information Services Corporation (NYSE: STC) today reported net income attributable to Stewart of $17.3 million ($0.62 per diluted share) for the second quarter 2024, compared to $15.8 million ($0.58 per diluted share) for the second quarter 2023. On an adjusted basis, second quarter 2024 net income was $25.4 million ($0.91 per diluted share) compared to $25.8 million ($0.94 per diluted share) in the second quarter 2023. Pretax income before noncontrolling inte ...

Stewart Information Services Corporation (NYSE:STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™ and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage industry, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. Learn more at stewart.com. ST-IR SOURCE ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Washington, D.C. 20549 For the transition period from to FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or | Delaware | | 74-1677330 | | --- | --- | --- | | (State or other jurisdiction of | | (I.R.S. Employer | | incorporation or organization) | | Identificatio ...

Stewart Information Services Corporation (NYSE:STC) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Kathryn Bass - Director of Investor Relations Frederick Eppinger - Chief Executive Officer David Hisey - Chief Financial Officer Conference Call Participants Bose George - KBW John Campbell - Stephens Inc. Geoffrey Dunn - Dowling Partners Operator Hello and thank you for joining the Stewart Information Services First Quarter 2024 Earnings Call. At this time, all participants ar ...

Exhibit 99.1 NEWS RELEASE STEWART INFORMATION SERVICES CORP. P.O. Box 2029 Houston, Texas 77252-2029 www.stewart.com CONTACT Kathryn Bass / Brian Glaze Investor Relations (713) 625-8633 Stewart Reports First Quarter 2024 Results HOUSTON, April 24, 2024 - Stewart Information Services Corporation (NYSE: STC) today reported net income attributable to Stewart of $3.1 million ($0.11 per diluted share) for the first quarter 2024, compared to a net loss of $8.2 million ($0.30 loss per diluted share) for the first ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-02658 STEWART INFORMATION SERVICES CORPORATION (Exact name of registrant as specified in its charter) | Delaware | | 74-1677330 | | --- ...

Stewart Information Services Corporation (NYSE:STC) Q4 2023 Earnings Call Transcript February 8, 2024 8:30 AM ET Company Participants Brian Glaze - Chief Accounting Officer Fred Eppinger - CEO David Hisey - CFO Conference Call Participants Soham Bhonsle - BTIG Bose George - KBW John Campbell - Stephens Inc. Geoffrey Dunn - Dowling & Partners Operator Hello, and thank you for joining the Stewart Information Services Fourth Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-02658 STEWART INFORMATION SERVICES CORPORATION (Exact name of registrant as specified in its charter) | Delaware | | 74-1677 ...

Stewart Information Services Corporation (NYSE:STC) Q3 2023 Results Conference Call October 26, 2023 8:30 AM ET Company Participants Brian Glaze - Principal Accounting Officer, Senior VP and Controller Frederick Eppinger - CEO and Director David Hisey - CFO and Treasurer Conference Call Participants Bose George - KBW Soham Bhonsle - BTIG John Campbell - Stephens Inc Operator Hello, and thank you for joining the Stewart Information Services Third Quarter 2023 Earnings Call. [Operator Instructions] Please not ...

Financial Performance - Total operating revenues for Q2 2023 were $538.1 million, a decrease of 36.6% compared to $849.2 million in Q2 2022[11]. - Net income attributable to Stewart for the first half of 2023 was $7.6 million, down 36.4% from $119.6 million in the same period of 2022[11]. - Basic earnings per share attributable to Stewart for Q2 2023 was $0.58, a decline of 74.8% from $2.28 in Q2 2022[11]. - Consolidated revenues for the company were $549.2 million in Q2 2023, down from $844.1 million in Q2 2022, reflecting a 35% decline[50]. - Total revenues for the title segment decreased by 39% to $466.7 million in Q2 2023 from $761.1 million in Q2 2022, primarily due to declines in transaction volume[53]. - The real estate solutions segment reported a 14% decrease in operating revenues to $71.4 million in Q2 2023 compared to $82.9 million in Q2 2022, attributed to lower transaction volumes due to elevated interest rates[56]. Cash and Investments - Cash and cash equivalents decreased to $190.0 million as of June 30, 2023, from $248.4 million at the end of 2022, representing a decline of 23.4%[13]. - The company reported a cash used by operating activities of $16.0 million for the first half of 2023, compared to cash provided of $118.2 million in the same period of 2022[14]. - Total cash and investments as of June 30, 2023, amounted to $896.8 million, with $497.5 million held in the United States[90]. - Net cash used by operations in the first six months of 2023 was $16.0 million, a significant decrease from net cash provided by operations of $118.2 million in the same period in 2022[98]. - Total proceeds from securities investments sold and matured were $94.7 million in the first six months of 2023, compared to $52.3 million in the same period in 2022[99]. Liabilities and Equity - Total liabilities decreased to $1.31 billion as of June 30, 2023, down from $1.37 billion at the end of 2022, a reduction of 4.1%[13]. - Total stockholders' equity attributable to Stewart was $1.36 billion as of June 30, 2023, slightly down from $1.37 billion at the end of 2022[13]. - The balance of total equity as of June 30, 2023, was $1.366 billion, a decrease from $1.370 billion at December 31, 2022[15]. - Total debt and stockholders' equity were $445.0 million and $1.37 billion, respectively, as of June 30, 2023[101]. Expenses - Employee costs for Q2 2023 were $182.7 million, a decrease of 13.1% from $210.2 million in Q2 2022[11]. - Employee costs decreased by 13% to $182.7 million in Q2 2023, representing 33.9% of operating revenues[72]. - Consolidated employee costs decreased by $27.6 million, or 13%, in Q2 2023 compared to Q2 2022, and by $62.0 million, or 15%, in the first six months of 2023 compared to the same period in 2022[76]. - Consolidated other operating expenses declined by $32.7 million, or 20%, in Q2 2023 and by $101.7 million, or 29%, in the first six months of 2023 compared to the same periods in 2022[79]. Investment Performance - The company reported a net realized and unrealized loss of $2.9 million in the first half of 2023, compared to a loss of $7.8 million in the same period of 2022[11]. - The company recorded net investment gains on equity securities of $1.988 million for the three months ended June 30, 2023, compared to a loss of $9.366 million in the same period of 2022[35]. - The company reported realized gains of $0.278 million and realized losses of $3.430 million for the three months ended June 30, 2023[33]. - The net unrealized investment gains for equity securities held as of June 30, 2023, were $13.6 million, down from $19.2 million as of December 31, 2022[25]. - The company reported net unrealized investment gains of $1.2 million in the first six months of 2023, compared to net unrealized investment losses of $32.9 million in the same period in 2022[105]. Market Conditions - Single-family mortgage originations decreased by 34% to $450 billion in Q2 2023, with refinancing transactions down by 58% and purchase transactions down by 25%[65]. - Existing home sales in June 2023 were 4.2 million units, a decrease of 19% year-over-year, primarily due to elevated mortgage interest rates[64]. - The average 30-year fixed interest rate increased to 6.5% in Q2 2023, compared to 5.3% in Q2 2022[65]. - Closed orders for refinancing decreased by 53% to 10,674 in Q2 2023, while total closed orders fell by 29% to 60,246[68]. Dividends and Shareholder Returns - The company declared dividends on common stock of $0.90 per share for the six months ended June 30, 2023, totaling $24.983 million[15]. - The company paid total dividends of $24.5 million ($0.90 per common share) in the first six months of 2023, compared to $20.3 million ($0.75 per common share) in the same period in 2022[102]. - Book value per share was $49.82 as of June 30, 2023, down from $50.21 as of December 31, 2022[117].