Stewart Information Services Corp reported results for the second quarter of 2026 with revenue of $899.2M, up from $722.2M a year earlier, and diluted earnings per share of $1.21 versus $1.13 in Q2 2025. Net income attributable to Stewart was $37.2M, compared with $31.9M in the year-ago quarter.
Financial Highlights
- Revenue was $899.2M for Q2 2026, compared with $722.2M in Q2 2025; YoY change 24.6%.
- Net income attributable to Stewart was $37.2M for Q2 2026, compared with $31.9M in Q2 2025; YoY change 16.5%.
- Diluted earnings per share was $1.21 for Q2 2026, compared with $1.13 in Q2 2025; YoY change 7.1%.
Business Highlights
- Title revenues rose 15% year over year, led by strong performance in both direct and agency channels; direct was up 5% and agency gross was up 25%.
- Real estate solutions revenue surged 75% YoY, driven largely by the MCS acquisition and increased credit and valuation services volumes.
- Employee costs increased with higher headcount, but employee cost as a percentage of revenue improved due to greater revenue leverage.
- Claims experience improved: the title loss ratio was about 3.2% in Q2, with IBNR provisioning steady and known claims reserves down versus the prior year.
- Commercial orders and transaction activity strengthened, with opened commercial orders up 33% and higher refinance activity supporting fee growth.
Original SEC Filing:
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