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Sep 30, 2024
Stewart Q3 2024 Earnings Report
Reported net income attributable to Stewart of $30.1 million ($1.07 per diluted share).
Key Takeaways
Stewart Information Services Corporation reported improved third quarter results compared to the same quarter last year, with net income attributable to Stewart of $30.1 million, or $1.07 per diluted share. Strong topline performance in several lines of business drove the improved results, despite difficult residential purchase market conditions.
Net income attributable to Stewart was $30.1 million ($1.07 per diluted share) for Q3 2024, compared to $14.0 million ($0.51 per diluted share) for Q3 2023.
Adjusted net income for Q3 2024 was $33.1 million ($1.17 per diluted share) compared to $23.9 million ($0.86 per diluted share) in Q3 2023.
Title segment operating revenues in Q3 2024 increased by $31.2 million, or 6 percent, driven by higher revenues from domestic commercial and agency title operations.
Real estate solutions segment operating revenues in Q3 2024 increased by $28.2 million, or 41 percent, primarily due to improved revenues from credit information and valuation services.
Stewart
Stewart
Stewart Revenue by Segment
Stewart Revenue by Geographic Location
Revenue by Segment
Title Segment Operating Revenues Revenue
CapyFin.comReal Estate Solutions Revenues Revenue
CapyFin.comRevenue by Geographic Location
Domestic Non-commercial Revenue
CapyFin.comInternational Non-commercial Revenue
CapyFin.comDomestic Commercial Revenue
CapyFin.comInternational Commercial Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income