Stewart Information Services Reports 20% Revenue Growth and Increased Net Income in Q3 2025

Stewart Information Services Corporation reported a significant increase in financial performance for the third quarter of 2025, with net income attributable to the company reaching $44.3 million, or $1.55 per diluted share, compared to $30.1 million, or $1.07 per diluted share, in the same period last year. The company’s consolidated operating revenues for the quarter were $776.5 million, reflecting a 20% increase from $649.6 million in the third quarter of 2024. This growth was bolstered by a $5.6 million contribution from net realized and unrealized gains, primarily from equity securities investments.

In terms of operational metrics, Stewart's direct title revenues increased by 11% to $299.7 million, while agency title revenues surged by 28% to $360.2 million. The real estate solutions segment also saw a 21% rise in revenues, totaling $116.6 million, driven by growth in credit information and valuation services. The company’s total employee count rose to approximately 7,400, up from 6,800 a year earlier, reflecting a 9% increase in workforce to support the growing business operations.

Stewart's expenses also rose, with total operating expenses increasing by 17% to $735.7 million, primarily due to higher agency retention expenses and increased employee costs. The title loss expense decreased by 8% to $19.5 million, attributed to favorable claims experience, improving the title loss ratio to 3.0% from 3.8% in the prior year. The company’s effective tax rate for the quarter was 22.7%, down from 23.3% in the same quarter of 2024, benefiting from discrete tax benefits.

Strategically, Stewart has made significant moves, including the merger of Stewart Title Insurance Company into its primary underwriter, Stewart Title Guaranty Company, to streamline operations. The company also entered a new senior unsecured credit agreement, providing a $300 million revolving credit facility, which replaces an existing $200 million facility. Looking ahead, Stewart anticipates continued growth in the fourth quarter, driven by improving market conditions and operational efficiencies, despite the challenges posed by elevated mortgage interest rates and fluctuating real estate activity.