Stewart Information Services Reports 20% Revenue Growth and Increased Net Income in Q2 2025

Stewart Information Services Corporation reported significant financial growth in its latest 10-Q filing for the second quarter of 2025, with net income attributable to the company reaching $31.9 million, or $1.13 per diluted share, compared to $17.3 million, or $0.62 per diluted share, in the same quarter of 2024. The company’s operating revenues for the quarter totaled $722.2 million, marking a 20% increase from $602.2 million in the prior year. This growth was driven by strong performance in both direct and agency title operations, which saw revenues rise by 14% and 25%, respectively.

In terms of profitability, Stewart's pretax income before noncontrolling interests increased to $46.8 million from $29.0 million year-over-year. The title segment alone contributed significantly to this growth, with operating revenues increasing by 19% to $592.5 million. The company also reported a notable improvement in investment income, which rose by 14% to $16.2 million, primarily due to higher interest and dividend income. Total expenses increased by 18% to $675.4 million, driven largely by higher agency retention expenses and employee costs, which were in line with the revenue growth.

Strategically, Stewart has focused on enhancing its operational efficiency and expanding its market presence. The company completed the merger of Stewart Title Insurance Company into its primary underwriter, Stewart Title Guaranty Company, effective March 31, 2025. This consolidation aims to streamline underwriting operations and improve service delivery. Additionally, Stewart has continued to invest in technology to enhance its operational capabilities and customer engagement, which is expected to support future growth.

Operationally, Stewart reported an increase in customer engagement, with total opened orders rising by 3% to 89,646 in the second quarter of 2025. Closed orders also increased by 12% to 66,594, reflecting a robust demand for title services. The company’s employee headcount averaged approximately 7,000 during the quarter, up from 6,700 in the same period last year, indicating a commitment to scaling operations in response to increased business activity.

Looking ahead, Stewart anticipates continued growth driven by favorable market conditions, including a projected decline in mortgage interest rates and an expected increase in home sales. The company expects that these factors will contribute to a further rise in title insurance premiums and overall revenue. However, management remains cautious about potential economic volatility and its impact on the real estate market, emphasizing the need for ongoing cost management and operational efficiency to navigate these challenges effectively.