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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Operating revenues $ 2,271,503 $ 1,877,453 $ 1,887,882
Investment income 18,607 19,795 19,737
Net realized and unrealized (losses) gains (1,678) 42,760 53
Revenues 2,288,432 1,940,008 1,907,672
Expenses      
Amounts retained by agencies 944,480 799,229 827,046
Employee costs 613,195 567,173 562,469
Other operating expenses 375,188 345,349 345,307
Title losses and related claims 115,224 84,423 71,514
Depreciation and amortization 19,216 22,526 24,932
Interest 2,624 4,341 3,875
Total expenses 2,069,927 1,823,041 1,835,143
Income before taxes and noncontrolling interests 218,505 116,967 72,529
Income tax expense (48,833) (26,695) (13,507)
Net income 169,672 90,272 59,022
Less net income attributable to noncontrolling interests 14,767 11,657 11,499
Net income attributable to Stewart 154,905 78,615 47,523
Net income attributable to Stewart      
Net income 169,672 90,272 59,022
Other comprehensive income (loss), net of taxes:      
Foreign currency translation adjustments 4,789 6,478 (10,488)
Change in net unrealized gains and losses on investments 15,443 15,184 (8,922)
Reclassification adjustment for realized gains and losses on investments (511) 410 (922)
Other comprehensive income (loss), net of taxes 19,721 22,072 (20,332)
Comprehensive income 189,393 112,344 38,690
Less comprehensive income attributable to noncontrolling interests 14,767 11,657 11,499
Comprehensive income attributable to Stewart $ 174,626 $ 100,687 $ 27,191
Basic average shares outstanding (in shares) 24,793 23,611 23,543
Basic earnings per share attributable to Stewart (in usd per share) $ 6.25 $ 3.33 $ 2.02
Diluted average shares outstanding (in shares) 24,913 23,753 23,685
Diluted earnings per share attributable to Stewart (in usd per share) $ 6.22 $ 3.31 $ 2.01
Title - Direct operations      
Revenues      
Operating revenues $ 1,037,852 $ 869,457 $ 833,200
Title - Agency operations      
Revenues      
Operating revenues 1,151,030 970,540 1,003,959
Ancillary services      
Revenues      
Operating revenues $ 82,621 $ 37,456 $ 50,723