Stewart information services corp (STC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues
Operating revenues

445,774

512,712

507,851

466,498

390,392

469,220

499,236

485,229

434,197

517,268

498,049

481,187

438,081

526,657

545,437

483,615

432,672

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment income

5,218

5,164

4,752

5,155

4,724

5,005

4,781

5,247

4,704

4,753

4,567

4,941

4,671

4,479

4,520

4,856

5,070

4,115

4,121

4,665

3,949

4,217

3,870

4,861

3,858

3,835

3,729

4,285

3,643

3,604

3,669

3,408

3,128

3,475

4,287

3,882

3,861

4,281

5,434

Investment and other gains (losses) net

-11,091

-7,970

46,905

422

3,403

-4,292

3,623

2,393

-1,671

3,643

-1,047

-676

287

-5,373

3,253

966

488

-2,098

-811

389

1,151

5,601

1,667

-664

140

1,261

857

123

-3,307

1,812

3,232

1,089

1,445

4,416

-1,013

-1,233

132

1,224

7,795

Revenues

439,901

509,906

559,508

472,075

398,519

469,933

507,640

492,869

437,230

525,664

501,569

485,452

443,039

525,763

553,210

489,437

438,230

497,402

555,705

531,906

448,872

522,319

508,097

446,838

393,576

450,211

536,835

517,220

423,714

520,972

520,741

483,712

384,987

445,077

418,529

404,883

366,417

430,065

441,541

Expenses
Amounts retained by agencies

199,366

222,671

208,973

191,091

176,494

203,080

224,966

203,793

195,207

231,907

221,460

192,558

191,175

227,107

231,586

183,485

183,844

201,953

227,374

204,437

175,800

204,678

188,513

170,779

174,679

191,848

250,035

219,489

187,065

227,743

231,765

207,014

162,548

199,840

188,355

177,301

158,447

202,167

191,820

Employee costs

135,652

154,206

143,815

139,896

129,256

139,081

138,288

146,278

138,822

146,993

140,054

139,346

139,785

147,188

154,529

152,427

150,209

159,669

165,024

171,078

162,495

166,730

164,423

151,251

141,922

140,667

147,132

146,397

136,830

144,902

138,236

131,090

128,233

120,865

114,461

116,587

117,926

113,160

119,532

Other operating expenses

71,858

94,317

87,826

86,051

77,155

88,276

90,811

85,953

80,267

95,918

88,489

88,786

78,318

95,774

94,043

86,458

87,711

95,399

99,758

98,022

88,775

94,840

95,535

89,164

67,737

70,378

72,657

73,426

63,797

80,002

71,202

70,429

64,863

66,099

66,717

64,249

59,129

70,476

67,694

Title losses and related claims

18,632

28,892

21,059

18,786

15,686

12,333

21,503

18,697

18,981

25,941

25,428

24,462

20,701

24,536

26,365

17,153

23,093

27,671

25,883

19,577

33,134

31,284

9,084

18,170

22,767

25,956

32,630

24,169

23,563

35,988

34,541

38,113

31,387

40,717

35,200

34,984

31,200

39,050

37,449

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

4,231

5,067

5,694

5,775

5,990

6,323

6,221

6,154

6,234

6,481

6,578

6,441

6,378

7,316

7,082

7,340

8,306

8,286

7,633

7,274

7,105

8,155

6,621

5,055

4,395

5,199

4,142

4,221

4,358

4,360

4,336

4,563

4,524

5,199

4,751

4,762

4,830

5,132

5,677

Interest

892

973

1,080

1,124

1,164

1,152

1,076

673

974

966

963

712

817

825

797

661

779

571

601

486

438

590

1,101

883

662

697

649

656

954

1,288

1,297

1,286

1,364

1,340

1,356

1,294

1,278

1,355

1,394

Total expenses

430,631

506,126

468,447

442,723

405,745

450,245

482,865

461,548

440,485

508,206

482,972

452,305

437,174

502,746

514,402

447,524

453,942

494,298

561,273

500,874

467,747

506,277

465,277

435,302

412,162

434,745

507,245

468,358

416,567

494,283

481,377

452,495

392,919

434,060

410,840

399,177

372,810

431,340

423,566

Income (loss) before taxes and noncontrolling interests

9,270

3,780

91,061

29,352

-7,226

19,688

24,775

31,321

-3,255

17,458

18,597

33,147

5,865

23,017

38,808

41,913

-15,712

3,104

-5,568

31,032

-18,875

16,042

42,820

11,536

-18,586

15,466

29,590

48,862

7,147

26,689

39,364

31,217

-7,932

11,017

7,689

5,706

-6,393

-1,275

17,975

Income tax (expense) benefit

1,896

717

21,393

7,027

-2,442

4,829

4,371

5,601

-1,294

-614

4,686

10,993

-144

2,826

9,041

14,386

-6,648

-2,085

4,859

10,407

-7,531

1,912

16,760

2,789

-7,958

-4,444

11,573

18,963

2,389

-37,905

2,268

3,175

2,823

6,771

1,381

-1,942

3,131

-30

5,863

Net income (loss)

7,374

3,063

69,668

22,325

-4,784

14,859

20,404

25,720

-1,961

18,072

13,911

22,154

6,009

20,191

29,767

27,527

-9,064

5,189

-10,427

20,625

-11,344

14,130

26,060

8,747

-10,628

19,910

18,017

29,899

4,758

64,594

37,096

28,042

-10,755

4,246

6,308

7,648

-9,524

-1,245

12,112

Net Income (Loss) Attributable to Noncontrolling Interest

2,197

3,096

3,560

3,019

1,982

3,487

2,851

3,342

1,819

3,012

2,967

3,586

1,922

3,493

3,392

3,928

2,130

-17,910

3,040

3,519

1,104

-14,845

2,343

2,468

1,478

2,399

2,608

3,000

1,551

2,834

2,428

3,131

1,402

2,087

1,766

1,708

769

1,783

2,684

Net Income (Loss) Attributable to Parent

5,177

-33

66,108

19,306

-6,766

11,372

17,553

22,378

-3,780

15,060

10,944

18,568

4,087

16,698

26,375

23,599

-11,194

2,605

-13,467

17,106

-12,448

11,863

23,717

6,279

-12,106

17,511

15,409

26,899

3,207

61,760

34,668

24,911

-12,157

2,159

4,542

5,940

-10,293

-3,028

9,428

Net income attributable to Stewart
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

7,374

3,063

69,668

22,325

-4,784

14,859

20,404

25,720

-1,961

18,072

13,911

22,154

6,009

20,191

29,767

27,527

-9,064

5,189

-10,427

20,625

-11,344

14,130

26,060

8,747

-10,628

19,910

18,017

29,899

4,758

64,594

37,096

28,042

-10,755

4,246

6,308

7,648

-9,524

-1,245

12,112

Other comprehensive income (loss), net of taxes:
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax

-11,442

4,550

-5,135

2,475

4,588

-5,998

1,140

-4,038

-1,592

-316

4,141

3,204

1,325

-3,151

-1,808

-1,703

3,295

-2,607

-4,282

2,243

-6,499

-3,256

-6,030

4,129

-2,408

-545

3,560

-5,588

-4,246

-2,625

6,022

-3,973

3,495

1,307

-6,816

-270

3,538

-

-

Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax

-2,580

-2,801

3,603

5,371

9,011

3,422

-1,910

-2,428

-8,006

-1,119

63

355

2,467

-11,354

-263

6,182

5,789

355

-155

-6,700

2,759

2,892

-966

3,706

4,161

4,263

1,287

-14,466

1,634

-6,289

6,753

5,246

3,528

-2,953

8,794

5,775

-2,414

-

-

Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax

80

-290

92

-50

-162

305

137

231

249

1,294

331

94

367

867

865

115

64

405

439

131

651

177

185

62

131

-638

338

1,509

392

973

1,274

777

-769

4,740

-236

-1,391

352

-

-

Other comprehensive earnings (loss), before taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21,563

-3,004

-

11,501

496

6,254

-3,132

1,742

4,114

772

-

-

Income tax expense (benefit) related to items of other comprehensive earnings (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,230

-559

-

3,739

2,292

-

211

-2,681

1,734

1,161

-

-

Other comprehensive income (loss), net of taxes

-14,102

2,039

-1,624

7,896

13,761

-2,881

-907

-6,697

-9,847

-2,729

3,873

3,465

3,425

-15,372

-2,936

4,364

9,020

-2,657

-4,876

-4,588

-4,391

-541

-7,181

7,773

1,622

-3,433

4,509

-14,333

-2,445

-2,318

7,762

-1,796

6,254

-3,343

4,423

2,380

-389

9,609

1,843

Comprehensive (loss) income

-6,728

5,102

68,044

30,221

8,977

11,978

19,497

19,023

-11,808

15,343

17,784

25,619

9,434

4,819

26,831

31,891

-44

2,532

-15,303

16,037

-15,735

13,589

18,879

16,520

-9,006

16,477

22,526

15,566

2,313

62,276

44,858

26,246

-4,501

-

-

-

-

8,364

13,955

Less net income attributable to noncontrolling interests

2,197

3,096

3,560

3,019

1,982

3,487

2,851

3,342

1,819

3,012

2,967

3,586

1,922

3,493

3,392

3,928

2,130

2,584

3,040

3,519

1,104

2,267

2,343

2,468

1,478

2,399

2,608

3,000

1,551

2,834

2,428

3,131

1,402

-

-

-

-

1,783

2,684

Comprehensive (loss) income attributable to Stewart

-8,925

2,006

64,484

27,202

6,995

8,491

16,646

15,681

-13,627

12,331

14,817

22,033

7,512

1,326

23,439

27,963

-2,174

-52

-18,343

12,518

-16,839

11,322

16,536

14,052

-10,484

14,078

19,918

12,566

762

59,442

42,430

23,115

-5,903

-1,184

8,965

8,320

-10,682

6,581

11,271

Weighted Average Number of Shares Outstanding, Basic

23,638

23,619

23,616

23,614

23,595

-

23,556

23,546

-

23,455

23,448

23,444

23,433

23,372

23,371

23,365

23,348

-

23,286

23,624

-

-

22,267

22,476

-

-

22,475

22,433

-

-

19,309

19,299

-

-

19,234

19,216

-

18,335

18,320

Earnings Per Share, Basic

0.22

0.00

2.80

0.82

-0.29

-

0.75

0.95

-

0.65

0.47

0.79

0.17

0.71

1.13

0.50

-0.48

-

-0.58

0.72

-

-

1.07

0.28

-

-

0.69

1.20

-

-

1.80

1.29

-

-

0.24

0.31

-

-

-

Diluted average shares outstanding (in shares)

23,749

23,886

23,773

23,758

23,595

-

23,699

23,625

-

23,635

23,564

23,620

23,569

23,370

23,611

23,559

23,348

-

23,286

23,795

-

-

24,663

24,848

-

-

24,769

24,919

-

-

24,399

24,388

-

-

24,344

24,326

-

18,335

22,957

Earnings Per Share, Diluted

0.22

0.01

2.78

0.81

-0.29

-

0.74

0.95

-

0.64

0.46

0.79

0.17

0.72

1.12

0.49

-0.48

-

-0.58

0.72

-

-

0.97

0.27

-

-

0.63

1.09

-

-

1.45

1.05

-

-

0.22

0.28

-

-0.17

0.45

Weighted Average Number of Shares Outstanding, Basic and Diluted

-

-

-

-

-

-

-

-

23,508

-

-

-

-

-

-

-

-

-

-

-

23,990

-

-

-

22,506

-

-

-

20,958

-

-

-

19,256

-

-

-

-

-

-

Basic and diluted loss per share attributable to Stewart (in usd per share)

-

-

-

-

-

-

-

-

-0.16

-

-

-

-

-

-

-

-

-

-

-

-0.52

-

-

-

-0.54

-

-

-

0.15

-

-

-

-0.63

-

-

-

-0.55

-0.17

0.51

Title - Direct operations
Operating revenues

198,283

235,259

245,068

227,883

161,247

210,314

213,134

224,240

185,512

226,472

216,830

231,662

187,428

230,185

241,109

237,017

186,002

220,970

243,128

243,209

189,811

219,186

229,629

206,366

153,146

189,759

202,344

211,900

159,646

209,355

190,232

188,216

150,333

163,731

164,411

165,841

139,230

161,949

171,200

Title - Agency operations
Operating revenues

242,030

270,705

254,155

230,817

214,863

246,973

272,875

247,257

236,854

280,055

268,545

234,407

233,349

277,477

282,269

225,416

224,635

249,339

279,343

249,461

213,189

251,356

231,109

209,924

213,673

242,235

306,583

269,898

227,662

278,333

281,587

251,139

196,321

243,237

228,350

213,829

191,809

242,938

230,453

Ancillary services
Operating revenues

5,461

6,748

8,628

7,798

14,282

11,933

13,227

13,732

11,831

10,741

12,674

15,118

17,304

18,995

22,059

21,182

22,035

25,076

29,924

34,182

40,772

41,959

41,822

26,351

22,759

13,121

23,322

31,014

36,070

27,868

42,021

39,860

33,760

30,218

22,494

22,564

31,385

19,673

26,659