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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Operating revenues $ 1,877,453 $ 1,887,882 $ 1,934,585
Investment income 19,795 19,737 18,932
Net realized and unrealized gains 42,760 53 2,207
Revenues 1,940,008 1,907,672 1,955,724
Expenses      
Amounts retained by agencies 799,229 827,046 837,100
Employee costs 567,173 562,469 566,178
Other operating expenses 345,349 345,307 351,511
Title losses and related claims 84,423 71,514 96,532
Depreciation and amortization 22,526 24,932 25,878
Interest 4,341 3,875 3,458
Total expenses 1,823,041 1,835,143 1,880,657
Income before taxes and noncontrolling interests 116,967 72,529 75,067
Income tax expense 26,695 13,507 14,921
Net income 90,272 59,022 60,146
Less net income attributable to noncontrolling interests 11,657 11,499 11,487
Net income attributable to Stewart 78,615 47,523 48,659
Net income attributable to Stewart      
Net income 90,272 59,022 60,146
Other comprehensive income (loss), net of taxes:      
Foreign currency translation adjustments 6,478 (10,488) 8,354
Change in net unrealized gains and losses on investments 15,184 (8,922) 1,766
Reclassification adjustment for change in unrealized gains and losses included in net income 410 (922) (2,086)
Other comprehensive income (loss), net of taxes 22,072 (20,332) 8,034
Comprehensive income 112,344 38,690 68,180
Less comprehensive income attributable to noncontrolling interests 11,657 11,499 11,487
Comprehensive income attributable to Stewart $ 100,687 $ 27,191 $ 56,693
Basic average shares outstanding (in shares) 23,611 23,543 23,445
Basic earnings per share attributable to Stewart (in usd per share) $ 3.33 $ 2.02 $ 2.08
Diluted average shares outstanding (in shares) 23,753 23,685 23,597
Diluted earnings per share attributable to Stewart (in usd per share) $ 3.31 $ 2.01 $ 2.06
Title - Direct operations      
Revenues      
Operating revenues $ 869,457 $ 833,200 $ 862,392
Title - Agency operations      
Revenues      
Operating revenues 970,540 1,003,959 1,016,356
Ancillary services      
Revenues      
Operating revenues $ 37,456 $ 50,723 $ 55,837