Stewart Information Services Corporation reported a significant increase in its financial performance for the fiscal year ending December 31, 2025. The company achieved a net income of $115.5 million, or $4.05 per diluted share, compared to $73.3 million, or $2.61 per diluted share, in 2024. Total operating revenues rose by 18% to $2.86 billion, up from $2.42 billion in the previous year, while total expenses increased by 16% to $2.76 billion. The pretax income before noncontrolling interests also improved, reaching $165.6 million with a pretax margin of 5.7%, compared to $114.3 million and a 4.6% margin in 2024.
The company noted several strategic developments during the year, including the completion of its largest acquisition to date, Mortgage Contracting Services (MCS), which enhances its service offerings in property preservation and field services. This acquisition is expected to broaden Stewart's customer base among mortgage servicers and expand its suite of lender services. Additionally, Stewart's employee headcount increased to approximately 7,800, reflecting a commitment to scaling operations and enhancing service delivery.
Operationally, Stewart's title insurance segment reported a 13% increase in direct title revenues, totaling $1.16 billion, driven by growth in both commercial and non-commercial transactions. Domestic commercial revenues surged by 35%, primarily due to larger transaction sizes in sectors such as data centers and energy. The real estate solutions segment also saw a 22% increase in revenues, reaching $438.3 million, largely attributed to the growth in credit information services. The company reported a favorable claims experience, with title loss expenses as a percentage of title revenues improving to 3.4% in 2025 from 3.9% in 2024.
Looking ahead, Stewart anticipates continued growth in 2026, with expectations of a 15% increase in total mortgage originations and a 7% rise in existing home sales. The company is optimistic about the potential for improved market conditions, driven by lower mortgage interest rates and increased consumer confidence. However, it remains vigilant regarding economic fluctuations and their potential impact on real estate activity and title insurance demand. The company’s management emphasized its focus on leveraging technology and operational efficiencies to enhance profitability and maintain competitive positioning in the market.
About STEWART INFORMATION SERVICES CORP
Stewart Information Services Corporation is a leading provider of title insurance and real estate services, supporting residential and commercial transactions. Its core segments include title insurance, real estate solutions, and corporate support. The company offers services such as title examination, insurance policies, data services, valuation, and online notarization, primarily serving homebuyers, lenders, real estate professionals, and investors in the U.S., UK, Canada, and Australia.
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