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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Investment income $ 19,737 $ 18,932 $ 18,925
Investment and other gains (losses) – net 53 2,207 (666)
Revenues 1,907,672 1,955,724 2,006,640
Expenses      
Amounts retained by independent agencies 827,046 837,100 826,022
Employee costs 562,469 566,178 604,353
Other operating expenses 345,307 351,511 363,986
Title losses and related claims 71,514 96,532 91,147
Depreciation and amortization 24,932 25,878 30,044
Interest 3,875 3,458 3,062
Total expenses 1,835,143 1,880,657 1,918,614
Income before taxes and noncontrolling interests 72,529 75,067 88,026
Income tax expense 13,507 14,921 19,605
Net income 59,022 60,146 68,421
Less net income attributable to noncontrolling interests 11,499 11,487 12,943
Net income attributable to Stewart 47,523 48,659 55,478
Net income attributable to Stewart      
Net income 59,022 60,146 68,421
Other comprehensive (loss) income, net of taxes:      
Foreign currency translation adjustments (10,488) 8,354 (3,367)
Change in unrealized net gains on investments (8,922) 1,766 354
Reclassification adjustment for net gains included in net income (922) (2,086) (1,911)
Other comprehensive (loss) income, net of taxes (20,332) 8,034 (4,924)
Comprehensive income 38,690 68,180 63,497
Less comprehensive income attributable to noncontrolling interests 11,499 11,487 12,943
Comprehensive income attributable to Stewart $ 27,191 $ 56,693 $ 50,554
Basic average shares outstanding (000) 23,543 23,445 23,364
Basic earnings per share attributable to Stewart (USD per share) $ 2.02 $ 2.08 $ 1.86
Diluted average shares outstanding (000) 23,685 23,597 23,472
Diluted earnings per share attributable to Stewart (USD per share) $ 2.01 $ 2.06 $ 1.85
Title - Direct operations      
Revenues      
Revenues $ 833,200 $ 862,392 $ 894,313
Title - Agency operations      
Revenues      
Revenues 1,003,959 1,016,356 1,009,797
Ancillary services      
Revenues      
Revenues 50,723 55,837 84,271
Operating revenues      
Revenues      
Revenues $ 1,887,882 $ 1,934,585 $ 1,988,381