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Dec 31, 2023
Stewart Q4 2023 Earnings Report
Reported net income attributable to Stewart.
Key Takeaways
Stewart Information Services Corporation reported net income of $8.8 million ($0.32 per diluted share) for Q4 2023, compared to $13.3 million ($0.49 per diluted share) for Q4 2022. Adjusted net income for Q4 2023 was $16.6 million ($0.60 per diluted share) compared to $22.9 million ($0.84 per diluted share) in Q4 2022.
Net income attributable to Stewart was $8.8 million ($0.32 per diluted share).
Adjusted net income was $16.6 million ($0.60 per diluted share).
Title segment operating revenues decreased by 14% due to transaction volume declines.
Real Estate Solutions segment operating revenues improved by 12% due to increased credit information services revenues.
Forward Guidance
Higher interest rates will negatively impact real estate transaction volume in the first half of 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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