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Dec 31, 2019
Stewart Q4 2019 Earnings Report
Stewart's Q4 2019 results were reported, showing a break-even net income and adjusted net income of $20.6 million, with title revenues increasing by 11% compared to the prior year quarter.
Key Takeaways
Stewart Information Services Corporation reported break-even results for Q4 2019. Title revenues increased by 11% compared to the prior year quarter. The company started initiatives to reposition itself for improved long-term financial performance.
Title revenues increased by 11% year-over-year, reaching $506.0 million.
The company's Q4 2019 net income was break-even, with an adjusted net income of $20.6 million.
Diluted EPS was $0.00, while adjusted diluted EPS reached $0.87.
Initiatives were started to reposition the company to improve long-term financial performance.
Stewart
Stewart
Forward Guidance
The company expects its year 2020 title loss ratio to be in the low to mid 4 percent range.