Stewart Reports Second Quarter 2026 Results

Total revenues of $899.2 million ($895.8 million on an adjusted basis) compared to $722.2 million ($721.5 million on an adjusted basis) in the prior year quarter Net income of $37.2 million ($42.9 million on an adjusted basis) compared to net income of $31.9 million ($38.0 million on an adjusted basis) in the prior year quarter Diluted EPS of $1.21 ($1.39 on an adjusted basis) compared to prior year quarter diluted EPS of $1.13 ($1.34 on an adjusted basis) HOUSTON , July 22, 2026 /PRNewswire/ -- Stewart Information Services Corporation (NYSE: STC ) today reported net income attributable to Stewart of $37.2 million ($1.21 per diluted share) for the second quarter 2026, compared to net income attributable to Stewart of $31.9 million ($1.13 per diluted share) for the second quarter 2025. On an adjusted basis, net income for the second quarter 2026 was $42.9 million ($1.39 per diluted share) compared to net income of $38.0 million ($1.34 per diluted share) in the second quarter 2025. Pretax income before noncontrolling interests for the second quarter 2026 was $55.1 million ($62.8 million on an adjusted basis) compared to $46.8 million ($54.9 million on an adjusted basis) for the second quarter 2025. Second quarter 2026 results included $3.4 million of pretax net realized and unrealized gains, which were primarily related to net gains from fair value changes of equity securities investments recorded in the title segment. Second quarter 2025 results included $0.7 million of pretax net realized and unrealized gains, which primarily resulted from $2.4 million of net unrealized gains on fair value changes of equity securities investments, partially offset by a $1.2 million acquisition liability adjustment loss in the title segment. "We continued to build on our momentum in the second quarter and delivered another quarter of strong revenue results," commented Fred Eppinger, chief executive officer. "Though the housing market faces continued headwinds, we remain dedicated to growing each of our businesses and delivering best-in-class service to our customers." Selected Financial Information Summary results of operations are as follows (dollars in millions, except per share amounts, pretax margin and adjusted pretax margin, and amounts may not add as presented due to rounding): Quarter Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Total revenues 899.2 722.2 1,680.5 1,334.2 Pretax income before noncontrolling interests 55.1 46.8 78.7 52.7 Income tax expense (13.3) (11.1) (17.9) (11.6) Net income attributable to noncontrolling interests (4.5) (3.7) (6.6) (6.1) Net income attributable to Stewart 37.2 31.9 54.2 35.0 Non-GAAP adjustments, after taxes* 5.7 6.0 12.8 9.9 Adjusted net income attributable to Stewart* 42.9 38.0 66.9 44.9 Pretax margin 6.1 % 6.5 % 4.7 % 3.9 % Adjusted pretax margin* 7.0 % 7.6 % 5.7 % 5.0 % Net income per diluted Stewart share 1.21 1.13 1.76 1.24 Adjusted net income per diluted Stewart share* 1.39 1.34 2.17 1.59 Adjusted net income, adjusted pretax margin and adjusted net income per diluted share are non-GAAP measures. See Appendix A for explanation and reconciliation of non-GAAP adjustments. Title Segment Summary results of the title segment are as follows (dollars in millions, except pretax margin and adjusted pretax margin): Quarter Ended June 30, 2026 2025 % Change Operating revenues 683.6 592.5 15 % Investment income 14.8 16.2 (9 %) Net realized and unrealized gains 3.4 0.8 348 % Pretax income 48.6 49.3 (1 %) Non-GAAP adjustments to pretax income (0.7) 2.6 (127 %) Adjusted pretax income* 47.9 51.9 (8 %) Pretax margin 6.9 % 8.1 % Adjusted pretax margin* 6.9 % 8.5 % * Adjusted pretax income and adjusted pretax margin are non-GAAP financial measures. See Appendix A for explanation and reconciliation of non-GAAP adjustments. Title segment operating revenues increased $91.1 million (15 percent) in the second quarter 2026 compared to the second quarter 2025, primarily resulting from strong performance...