STEWART INFORMATION SERVICES CORP STC Income Statement

Stewart information services corp (STC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
Operating revenues
1,932,835	1,877,453	1,833,961	1,825,346	1,844,077	1,887,882	1,935,930	1,934,743	1,930,701	1,934,585	1,943,974	1,991,362	1,993,790	1,988,381	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment income
20,289	19,795	19,636	19,665	19,757	19,737	19,485	19,271	18,965	18,932	18,658	18,611	18,526	18,925	18,561	18,162	17,971	16,850	16,952	16,701	16,897	16,806	16,424	16,283	15,707	15,492	15,261	15,201	14,324	13,809	13,680	14,298	14,772	15,505	16,311	17,458	0	0	0
Investment and other gains (losses) net
28,266	42,760	46,438	3,156	5,127	53	7,988	3,318	249	2,207	-6,809	-2,509	-867	-666	2,609	-1,455	-2,032	-1,369	6,330	8,808	7,755	6,744	2,404	1,594	2,381	-1,066	-515	1,860	2,826	7,578	10,182	5,937	3,615	2,302	-890	7,918	0	0	0
Revenues
1,981,390	1,940,008	1,900,035	1,848,167	1,868,961	1,907,672	1,963,403	1,957,332	1,949,915	1,955,724	1,955,823	2,007,464	2,011,449	2,006,640	1,978,279	1,980,774	2,023,243	2,033,885	2,058,802	2,011,194	1,926,126	1,870,830	1,798,722	1,827,460	1,897,842	1,927,980	1,998,741	1,982,647	1,949,139	1,910,412	1,834,517	1,732,305	1,653,476	1,634,906	1,619,894	1,642,906	0	0	0
Expenses
Amounts retained by agencies
822,101	799,229	779,638	795,631	808,333	827,046	855,873	852,367	841,132	837,100	832,300	842,426	833,353	826,022	800,868	796,656	817,608	809,564	812,289	773,428	739,770	738,649	725,819	787,341	836,051	848,437	884,332	866,062	853,587	829,070	801,167	757,757	728,044	723,943	726,270	729,735	0	0	0
Employee costs
573,569	567,173	552,048	546,521	552,903	562,469	570,381	572,147	565,215	566,178	566,373	580,848	593,929	604,353	616,834	627,329	645,980	658,266	665,327	664,726	644,899	624,326	598,263	580,972	576,118	571,026	575,261	566,365	551,058	542,461	518,424	494,649	480,146	469,839	462,134	467,205	0	0	0
Other operating expenses
340,052	345,349	339,308	342,293	342,195	345,307	352,949	350,627	353,460	351,511	351,367	356,921	354,593	363,986	363,611	369,326	380,890	381,954	381,395	377,172	368,314	347,276	322,814	299,936	284,198	280,258	289,882	288,427	285,430	286,496	272,593	268,108	261,928	256,194	260,571	261,548	0	0	0
Title losses and related claims
87,369	84,423	67,864	68,308	68,219	71,514	85,122	89,047	94,812	96,532	95,127	96,064	88,755	91,147	94,282	93,800	96,224	106,265	109,878	93,079	91,672	81,305	75,977	99,523	105,522	106,318	116,350	118,261	132,205	140,029	144,758	145,417	142,288	142,101	140,434	142,683	0	0	0
Impairment of goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
20,767	22,526	23,782	24,309	24,688	24,932	25,090	25,447	25,734	25,878	26,713	27,217	28,116	30,044	31,014	31,565	31,499	30,298	30,167	29,155	26,936	24,226	21,270	18,791	17,957	17,920	17,081	17,275	17,617	17,783	18,622	19,037	19,236	19,542	19,475	20,401	0	0	0
Interest
4,069	4,341	4,520	4,516	4,065	3,875	3,689	3,576	3,615	3,458	3,317	3,151	3,100	3,062	2,808	2,612	2,437	2,096	2,115	2,615	3,012	3,236	3,343	2,891	2,664	2,956	3,547	4,195	4,825	5,235	5,287	5,346	5,354	5,268	5,283	5,321	0	0	0
Total expenses
1,847,927	1,823,041	1,767,160	1,781,578	1,800,403	1,835,143	1,893,104	1,893,211	1,883,968	1,880,657	1,875,197	1,906,627	1,901,846	1,918,614	1,910,166	1,957,037	2,010,387	2,024,192	2,036,171	1,940,175	1,874,603	1,819,018	1,747,486	1,789,454	1,822,510	1,826,915	1,886,453	1,860,585	1,844,722	1,821,074	1,760,851	1,690,314	1,636,996	1,616,887	1,614,167	1,626,893	0	0	0
Income (loss) before taxes and noncontrolling interests
133,463	116,967	132,875	66,589	68,558	72,529	70,299	64,121	65,947	75,067	80,626	100,837	109,603	88,026	68,113	23,737	12,856	9,693	22,631	71,019	51,523	51,812	51,236	38,006	75,332	101,065	112,288	122,062	104,417	89,338	73,666	41,991	16,480	18,019	5,727	16,013	0	0	0
Income tax (expense) benefit
31,033	26,695	30,807	13,785	12,359	13,507	8,064	8,379	13,771	14,921	18,361	22,716	26,109	19,605	14,694	10,512	6,533	5,650	9,647	21,548	13,930	13,503	7,147	1,960	18,134	28,481	-4,980	-14,285	-30,073	-29,639	15,037	14,150	9,033	9,341	2,540	7,022	0	0	0
Net income (loss)
102,430	90,272	102,068	52,804	56,199	59,022	62,235	55,742	52,176	60,146	62,265	78,121	83,494	68,421	53,419	13,225	6,323	4,043	12,984	49,471	37,593	38,309	44,089	36,046	57,198	72,584	117,268	136,347	134,490	118,977	58,629	27,841	7,447	8,678	3,187	8,991	0	0	0
Net Income (Loss) Attributable to Noncontrolling Interest
11,872	11,657	12,048	11,339	11,662	11,499	11,024	11,140	11,384	11,487	11,968	12,393	12,735	12,943	-8,460	-8,812	-9,221	-10,247	-7,182	-7,879	-8,930	-8,556	8,688	8,953	9,485	9,558	9,993	9,813	9,944	9,795	9,048	8,386	6,963	6,330	6,026	6,944	0	0	0
Net Income (Loss) Attributable to Parent
90,558	78,615	90,020	41,465	44,537	47,523	51,211	44,602	40,792	48,659	50,297	65,728	70,759	55,478	41,385	1,543	-4,950	-6,204	3,054	40,238	29,411	29,753	35,401	27,093	47,713	63,026	107,275	126,534	124,546	109,182	49,581	19,455	484	2,348	-2,839	2,047	0	0	0
Net income attributable to Stewart
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
102,430	90,272	102,068	52,804	56,199	59,022	62,235	55,742	52,176	60,146	62,265	78,121	83,494	68,421	53,419	13,225	6,323	4,043	12,984	49,471	37,593	38,309	44,089	36,046	57,198	72,584	117,268	136,347	134,490	118,977	58,629	27,841	7,447	8,678	3,187	8,991	0	0	0
Other comprehensive income (loss), net of taxes:
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax
-9,552	6,478	-4,070	2,205	-4,308	-10,488	-4,806	-1,805	5,437	8,354	5,519	-430	-5,337	-3,367	-2,823	-5,297	-1,351	-11,145	-11,794	-13,542	-11,656	-7,565	-4,854	4,736	-4,981	-6,819	-8,899	-6,437	-4,822	2,919	6,851	-5,987	-2,284	-2,241	0	0	0	-	-
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax
3,593	15,184	21,407	15,894	8,095	-8,922	-13,463	-11,490	-8,707	1,766	-8,469	-8,795	-2,968	354	12,063	12,171	-711	-3,741	-1,204	-2,015	8,391	9,793	11,164	13,417	-4,755	-7,282	-17,834	-12,368	7,344	9,238	12,574	14,615	15,144	9,202	0	0	0	-	-
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax
-168	-410	185	230	511	922	1,911	2,105	1,968	2,086	1,659	2,193	2,214	1,911	1,449	1,023	1,039	1,626	1,398	1,144	1,075	555	-260	-107	1,340	1,601	3,212	4,148	3,416	2,255	6,022	4,512	2,344	3,465	0	0	0	-	-
Other comprehensive earnings (loss), before taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	15,119	5,360	8,978	3,496	0	0	0	-	-
Income tax expense (benefit) related to items of other comprehensive earnings (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	-	425	0	0	0	-	-
Other comprehensive income (loss), net of taxes
-5,791	22,072	17,152	17,869	3,276	-20,332	-20,180	-15,400	-5,238	8,034	-4,609	-11,418	-10,519	-4,924	7,791	5,851	-3,101	-16,512	-14,396	-16,701	-4,340	1,673	-1,219	10,471	-11,635	-15,702	-14,587	-11,334	1,203	9,902	8,877	5,538	9,714	3,071	16,023	13,443	0	0	0
Comprehensive (loss) income
96,639	112,344	119,220	70,673	59,475	38,690	42,055	40,342	46,938	68,180	57,656	66,703	72,975	63,497	61,210	19,076	3,222	-12,469	-1,412	32,770	33,253	39,982	42,870	46,517	45,563	56,882	102,681	125,013	135,693	128,879	0	0	0	-	-	-	-	0	0
Less net income attributable to noncontrolling interests
11,872	11,657	12,048	11,339	11,662	11,499	11,024	11,140	11,384	11,487	11,968	12,393	12,735	12,943	12,034	11,682	11,273	10,247	9,930	9,233	8,182	8,556	8,688	8,953	9,485	9,558	9,993	9,813	9,944	9,795	0	0	0	-	-	-	-	0	0
Comprehensive (loss) income attributable to Stewart
84,767	100,687	107,172	59,334	47,813	27,191	31,031	29,202	35,554	56,693	45,688	54,310	60,240	50,554	49,176	7,394	-8,051	-22,716	-11,342	23,537	25,071	31,426	34,182	37,564	36,078	47,324	92,688	115,200	125,749	119,084	58,458	24,993	10,198	5,419	13,184	15,490	0	0	0
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
906,493	869,457	844,512	812,578	808,935	833,200	849,358	853,054	860,476	862,392	866,105	890,384	895,739	894,313	885,098	887,117	893,309	897,118	895,334	881,835	844,992	808,327	778,900	751,615	757,149	763,649	783,245	771,133	747,449	738,136	692,512	666,691	644,316	633,213	631,431	638,220	0	0	0
Title - Agency operations
Operating revenues
997,707	970,540	946,808	965,528	981,968	1,003,959	1,037,041	1,032,711	1,019,861	1,016,356	1,013,778	1,027,502	1,018,511	1,009,797	981,659	978,733	1,002,778	991,332	993,349	945,115	905,578	906,062	896,941	972,415	1,032,389	1,046,378	1,082,476	1,057,480	1,038,721	1,007,380	972,284	919,047	881,737	877,225	876,926	879,029	0	0	0
Ancillary services
Operating revenues
28,635	37,456	42,641	47,240	53,174	50,723	49,531	48,978	50,364	55,837	64,091	73,476	79,540	84,271	90,352	98,217	111,217	129,954	146,837	158,735	150,904	132,891	104,053	85,553	90,216	103,527	118,274	136,973	145,819	143,509	145,859	126,332	109,036	106,661	96,116	100,281	0	0	0