Stewart Information Services
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Stewart Information Services (STC) investor relations material

Stewart Information Services Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary5 Feb, 2026

Executive summary

  • Achieved strong growth in 2025 with revenues up 18%, net income up 48%, and adjusted EPS up 46% year-over-year, despite a challenging residential market.

  • Full year 2025 revenues increased 17% to $2.92 billion, with net income up 58% to $115.5 million and adjusted net income up 48% to $139.6 million.

  • Gained market share and improved margins across all business segments, with significant organic growth and a key acquisition of Mortgage Contracting Services (NCS).

  • Enhanced financial flexibility through a $100 million credit facility upsize and a $140 million equity offering; increased annual dividend for the fifth consecutive year.

  • Diluted EPS for Q4 2025 was $1.25 (adjusted $1.65), and for the full year $4.05 (adjusted $4.89), both showing strong year-over-year growth.

Financial highlights

  • Fourth quarter 2025 revenue grew 20% and adjusted net income rose 52% year-over-year.

  • Q4 2025 revenues rose 19% year-over-year to $790.6 million, with net income up 60% to $36.3 million and adjusted net income up 52% to $47.9 million.

  • Title segment operating revenues up 19% ($106 million), with pre-tax income up 28% and adjusted pre-tax margin at 10%.

  • Real estate solutions segment revenues up 29% in Q4, with adjusted pre-tax income up 47%.

  • Book value per share at year-end was $54.30, up from $50.50 at year-end 2024.

Outlook and guidance

  • Expect modest improvements in the housing market in 2026, but not a full return to historic average existing home sales.

  • Anticipate continued commercial revenue growth, though at a moderated pace compared to 2025's 49% surge.

  • Real estate solutions segment margins expected to improve to low teens in 2026.

  • Title loss ratio expected to average 3.5%-4% in 2026.

  • Management remains focused on operational improvements and margin expansion as the real estate market gradually recovers.

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Frequently asked questions

Stewart Information Services Corporation provides title insurance and real estate transaction services. The company supports residential and commercial property sales through underwriting, escrow, and settlement solutions. It operates through a network of direct operations and independent agents. The company is headquartered in Houston, Texas, and its shares are listed on the NYSE.

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