Stewart Information Services

Stewart Information Services Corp. is a real estate services company, which engages in the provision of title insurance and settlement-related services. It operates through the Title Insurance and Related Services, and Ancillary Services and Corporate segments. The Title Insurance and Related Services segment consists of searching, examining, closing, and insuring the condition of the title to real property. The Ancillary Services and Corporate segment includes its parent holding company, centralized administrative services departments, and ancillary service operations. The company was founded in 1893 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Stewart Information Services reports Q4 earnings, eyes market turnaround

Stewart Information Services navigated challenges in the purchase market but maintained a strong financial position and focused on operational improvements.
Despite revenue declines, the company saw improvements in order trends, hinting at a potential market turnaround.
Expense management and margin challenges remain focal points for executives, with opportunities for growth in the commercial market in 2023.
The company's performance in Q4 2022 reflects resilience amidst market headwinds and strategic focus on financial discipline and efficiency.

Stewart Information Services reports Q1 loss, focuses on margin improvement

Stewart Information Services navigated a challenging Q1 with a focus on improving performance and margins. Despite revenue declines, the company is strategically managing expenses and investing for long-term growth.

Stewart Information Services reports Q2 earnings, focuses on growth strategies

Stewart Information Services navigated market challenges in Q2 2023 with a focus on operational performance and customer-centric investments.
Despite revenue declines in the title segment, the company's strong financial position and strategic initiatives bode well for future growth.
Balancing expense management with investments in technology and talent remains crucial for Stewart's long-term success and profitability.
Stewart's commitment to enhancing customer experience and operational efficiency underscores its resilience and strategic vision for sustainable growth.

Stewart Information Services reports Q3 earnings amidst mortgage rate challenges

Stewart Information Services navigated short-term economic challenges from mortgage rate fluctuations while focusing on long-term goals. Market share gains in the commercial segment and a target of low double-digit margins by 2025 showcase the company's strategic direction.

Stewart Information Services navigates real estate challenges with strategic investments

Stewart Information Services faced challenges in the real estate market but maintained a solid financial position.
The company is focused on improving margins, growth, and resiliency through strategic investments.
Opportunities lie in margin improvements, expense management, and investments in technology for future performance.

Stewart Information Services reports solid Q1 earnings amidst market challenges

Stewart Information Services navigated Q1 2024 with solid financial performance, reporting net income of $3 million on total revenues of $554 million. The company's focus on strategic priorities, share gains, and operational efficiency positions it well for future growth.
Challenges include the impact of elevated mortgage rates on transaction volumes and the need to address concerns around sustainability of business run rate and margin trends. Opportunities in technology investments, talent retention, and potential M&A present avenues for future expansion and profitability.

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HOUSTON--(BUSINESS WIRE)--Stewart Title National Commercial Services today announced that attorneys, title offices and lenders can now access an interactive list of most requested commercial endorsements in one place through its Interactive Endorsement Guide, which lists the most requested endorsements and directs them to Stewart's best-in-class underwriting tool, Virtual Underwriter, for state-specific content, guidelines and more. “For a 130-year-old company and brand such as Stewart, it rema.

Stewart Title National Commercial Services launches new Interactive Endorsement Guide

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 are in a listen-only mode.

Stewart Information Services Corporation (STC) Q1 2024 Earnings Call Transcript

Total revenues of $554.3 million ($547.3 million on an adjusted basis) compared to $524.3 million ($526.1 million on an adjusted basis) in the prior year quarter Net income of $3.1 million ($4.6 million on an adjusted basis) compared to net loss of $8.2 million (net income of $0.2 million on an adjusted basis) in the prior year quarter Diluted earnings per share of $0.11 ($0.17 on an adjusted basis) compared to prior year quarter loss per diluted share of $0.30 ($0.01 earnings per share on an adjusted basis) HOUSTON , April 24, 2024 /PRNewswire/ -- 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 quarter 2023. On an adjusted basis, Stewart's first quarter 2024 net income was $4.6 million ($0.17 per diluted share) compared to net income of $0.2 million ($0.01 per diluted share) in the first quarter 2023.

Stewart Reports First Quarter 2024 Results

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE: STC) announced today it will hold a conference call to discuss first quarter 2024 earnings at 8:30 a.m. Eastern Time on Thursday, April 25, 2024. The call will follow the company's release of earnings after the close of trading on Wednesday, April 24. Individuals wishing to participate can dial 800-267-6316 (USA) and 203-518-9783 (International) – access code STCQ124. The conference call replay will be available from 11 a.

Stewart Information Services Corporation Announces First Quarter 2024 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation today announced the acquisition of the All New York Title Agency, Inc. (“All New York”), based in White Plains, New York. Founded in 1995 by Joseph Petrillo and John Martin, All New York has been one of the leading commercial boutique title companies, serving Affordable Housing, Supportive Housing and Senior Housing clients throughout New York State, in addition to relationships in the residential, condominium and multifamily ma.

Stewart Grows Commercial and Affordable Housing Presence with Acquisition of All New York Title Agency, Inc.

IRVINE, Calif. , March 12, 2024 /PRNewswire/ --  Cloudvirga , a leading provider of digital mortgage point-of-sale platforms, announced today that it has expanded its integration with Informative Research, a leading technology platform that delivers data-driven solutions to the lending community.

Cloudvirga Announces Expanded Integration with Informative Research's Verification Platform

New Dashboard Drives Efficiency, Reduces Fallout and Enhances Responsiveness IRVINE, Calif. , Feb. 27, 2024 /PRNewswire/ -- Cloudvirga , a leading provider of digital mortgage point-of-sale platforms, announced today it has introduced a new dashboard feature in both the retail and TPO versions of its platform that enables originators, brokers and managers to track activity within their pipelines and prompts necessary actions needed to close more loans and enhance the borrower experience.

Cloudvirga Adds Advanced Dashboard Feature to its POS Platforms

Stewart Information Services Corporation (STC) Q4 2023 Earnings Call Transcript

Total revenues of $582.2 million ($577.4 million on an adjusted basis) compared to $655.9 million ($643.2 million on an adjusted basis) in the prior year quarter Net income of $8.8 million ($16.6 million on an adjusted basis) compared to $13.3 million ($22.9 million on an adjusted basis) in the prior year quarter Diluted EPS of $0.32 ($0.60 on an adjusted basis) compared to prior year quarter diluted EPS of $0.49 ($0.84 on an adjusted basis) HOUSTON , Feb. 7, 2024 /PRNewswire/ -- Stewart Information Services Corporation (NYSE: STC) today reported net income attributable to Stewart of $8.8 million ($0.32 per diluted share) for the fourth quarter 2023, compared to $13.3 million ($0.49 per diluted share) for the fourth quarter 2022. On an adjusted basis, Stewart's fourth quarter 2023 net income was $16.6 million ($0.60 per diluted share) compared to $22.9 million ($0.84 per diluted share) in the fourth quarter 2022.

Stewart Reports Fourth Quarter 2023 Results

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE: STC) announced today it will hold a conference call to discuss fourth quarter 2023 earnings at 8:30 a.m. Eastern Time on Thursday, February 8, 2024. The call will follow the company's release of earnings after the close of trading on Wednesday, February 7. Individuals wishing to participate can dial (800) 267-6316 (USA) and (203) 518-9783 (International) – access code STCQ423. The conference call replay will be available.

Stewart Information Services Corporation Announces Fourth Quarter 2023 Earnings Conference Call

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New Streamlined Pre-qualification Enhancement Benefits Both Lenders and Borrowers IRVINE, Calif. , Dec. 14, 2023 /PRNewswire/ --  Cloudvirga , a leading provider of digital mortgage point-of-sale platforms, announced today it has expanded its strategic integration with Fannie Mae's Desktop Underwriter® (DU®) solution to include the newly announced early assessment enhancement.

Cloudvirga Announces New Initiative with Fannie Mae to Offer Early Assessment for Mortgages

Certification with All Three Optimal Blue Pillars Enhances Broker Productivity and Borrower Experience IRVINE, Calif. , Nov. 9, 2023 /PRNewswire/ -- Cloudvirga , a leading provider of digital mortgage point-of-sale platforms, announced today that it has completed final certification for full API integration with the Optimal Blue product, pricing and eligibility (PPE) engine and digital mortgage marketplace.

Cloudvirga Completes Last Phase of Certification with Optimal Blue

Strategic Relationship Set to Optimize Wholesale Efficiency and Deliver New Broker Tools IRVINE, Calif. , Nov. 2, 2023 /PRNewswire/ -- Cloudvirga, a leading provider of digital mortgage point-of-sale platforms, announced today that Luminate Home Loans, headquartered in Minneapolis, Minnesota, has selected the Cloudvirga Horizon Wholesale platform to optimize efficiency within its wholesale mortgage division.

Luminate Home Loans Selects the Cloudvirga Horizon Wholesale Platform

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 note today's call is being recorded.

Stewart Information Services Corporation (STC) Q3 2023 Earnings Call Transcript

Total revenues of $601.7 million ($603.7 million on an adjusted basis) compared to $716.4 million ($722.8 million on an adjusted basis) in the prior year quarter Net income of $14.0 million ($23.9 million on an adjusted basis) compared to $29.4 million ($43.3 million on an adjusted basis) in the prior year quarter Diluted EPS of $0.51 ($0.86 on an adjusted basis) compared to prior year quarter diluted EPS of $1.08 ($1.58 on an adjusted basis) HOUSTON , Oct. 25, 2023 /PRNewswire/ -- Stewart Information Services Corporation (NYSE: STC) today reported net income attributable to Stewart of $14.0 million ($0.51 per diluted share) for the third quarter 2023, compared to $29.4 million ($1.08 per diluted share) for the third quarter 2022. On an adjusted basis, Stewart's third quarter 2023 net income was $23.9 million ($0.86 per diluted share) compared to $43.3 million ($1.58 per diluted share) in the third quarter 2022.

Stewart Reports Third Quarter 2023 Results

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE: STC), a leading provider of title insurance and real estate services, today announced the beginning of a year-long celebration, recognizing 130 years of a successful past and inspired future. To celebrate this milestone, the company will ring the closing bell at the New York Stock Exchange (NYSE) on October 17, 2023. Since its founding in Galveston, Texas in 1892, Stewart Title has pioneered title insurance. The company h.

Stewart Title Celebrates 130 Years of Supporting Homeownership and 30 Years of NYSE Listing

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE: STC) announced today it will hold a conference call to discuss third quarter 2023 earnings at 8:30 a.m. Eastern Time on Thursday, October 26, 2023. The call will follow the company's release of earnings after the close of trading on Wednesday, October 25, 2023. Individuals wishing to participate can dial (800) 343-4849 (USA) and (203) 518-9843 (International) – access code STCQ323. The conference call replay will be avail.

Stewart Information Services Corporation Announces Third Quarter 2023 Earnings Conference Call

Accruit Technologies, the leader in 1031 SaaS solutions, completes the implementation of Exchange Manager Pro(SM), for Qualified Intermediary, Asset Preservation Inc., a Stewart company. DENVER , Sept.

Accruit Technologies Successfully Implements 1031 Exchange Software Exchange Manager Pro(SM) for Asset Preservation Inc.

HOUSTON , July 26, 2023 /PRNewswire/ -- Stewart Information Services Corporation (NYSE:STC) today announced that Helen Vaid has been appointed to its Board of Directors, effective August 1, 2023. "We are extremely pleased to welcome Ms.

STEWART INFORMATION SERVICES CORPORATION APPOINTS HELEN VAID AS NEW DIRECTOR

Total revenues of $549.2 million ($550.3 million on an adjusted basis) compared to $844.1 million ($850.7 million on an adjusted basis) in the prior year quarter Net income of $15.8 million ($18.9 million net income on an adjusted basis) compared to $61.7 million ($70.4 million on an adjusted basis) in the prior year quarter Diluted EPS of $0.58 ($0.69 on an adjusted basis) compared to prior year quarter diluted EPS of $2.26 ($2.58 on an adjusted basis) HOUSTON , July 26, 2023 /PRNewswire/ -- Stewart Information Services Corporation (NYSE: STC) today reported net income attributable to Stewart of $15.8 million ($0.58 per diluted share) for the second quarter 2023, compared to $61.7 million ($2.26 per diluted share) for the second quarter 2022. On an adjusted basis, Stewart's second quarter 2023 net income was $18.9 million ($0.69 per diluted share) compared to $70.4 million ($2.58 per diluted share) in the second quarter 2022.

Stewart Reports Second Quarter 2023 Results

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE: STC) announced today it will hold a conference call to discuss second quarter 2023 earnings at 8:30 a.m. Eastern Time on Thursday, July 27, 2023. The call will follow the company's release of earnings after the close of trading on Wednesday, July 26, 2023. Individuals wishing to participate can dial (800) 343-4849 (USA) and (203) 518-9843 (International) – access code STCQ223. The conference call replay will be available.

Stewart Information Services Corporation Announces Second Quarter 2023 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE:STC) announced today that four company executives have been named winners of Inman's 2023 Best of Finance Awards. The awards celebrate the achievements and successes of the real estate community's best and brightest in the mortgage and finance space. According to Inman, the Stewart leaders pushing the envelope and reshaping the home-buying space are Fred Eppinger, Stewart CEO; Brian Webster, President of NotaryCam; Maria M.

Four Stewart Executives Named Winners of Inman's 2023 Best of Finance Awards

Stewart Information Services Corporation (STC) Q1 2023 Earnings Call Transcript.

Stewart Information Services Corporation (STC) Q1 2023 Earnings Call Transcript

Challenging real estate environment continued through the first quarter 2023, including a historically low level of existing homes sales Total revenues of $524.3 million ($526.1 million on an adjusted basis) compared to $852.9 million ($815.0 million on an adjusted basis) in the prior year quarter Net loss of $8.2 million ($6.8 million net loss on an adjusted basis) compared to net income of $57.9 million ($55.8 million on an adjusted basis) in the prior year quarter Diluted loss per share of $0.30 ($0.25 diluted loss per share on an adjusted basis) compared to prior year quarter diluted earnings per share of $2.11 ($2.03 on an adjusted basis) HOUSTON , April 26, 2023 /PRNewswire/ -- Stewart Information Services Corporation (NYSE: STC) today reported a net loss attributable to Stewart for the first quarter 2023 of $8.2 million ($0.30 per diluted share), compared to net income attributable to Stewart of $57.9 million ($2.11 per diluted share) for the first quarter 2022. On an adjusted basis, Stewart's first quarter 2023 net loss was $6.8 million ($0.25 per diluted share) compared to net income of $55.8 million ($2.03 per diluted share) in the first quarter 2022.

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