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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Operating revenues $ 845,209 $ 681,367
Investment income 3,622 3,945
Net realized and unrealized gains 4,085 3,274
Revenues 852,916 688,586
Expenses    
Amounts retained by agencies 331,191 283,935
Employee costs 204,982 169,397
Other operating expenses 189,751 125,482
Title losses and related claims 29,221 28,773
Depreciation and amortization 13,748 6,430
Interest 4,412 567
Total expenses 773,305 614,584
Income before taxes and noncontrolling interests 79,611 74,002
Income tax expense (17,699) (16,880)
Net income 61,912 57,122
Less net income attributable to noncontrolling interests 4,015 2,886
Net income attributable to Stewart 57,897 54,236
Net income attributable to Stewart    
Net income 61,912 57,122
Other comprehensive loss, net of taxes:    
Foreign currency translation adjustments 620 1,867
Change in net unrealized gains and losses on investments (19,898) (9,156)
Reclassification adjustments for realized gains and losses on investments (185) (145)
Other comprehensive loss (19,463) (7,434)
Comprehensive income 42,449 49,688
Less net income attributable to noncontrolling interests 4,015 2,886
Comprehensive income attributable to Stewart $ 38,434 $ 46,802
Basic average shares outstanding (in shares) 26,960 26,736
Basic earnings per share attributable to Stewart (in usd per share) $ 2.15 $ 2.03
Diluted average shares outstanding (in shares) 27,444 26,984
Diluted earnings per share attributable to Stewart (in usd per share) $ 2.11 $ 2.01
Direct operations    
Revenues    
Operating revenues $ 317,834 $ 279,504
Agency operations    
Revenues    
Operating revenues 404,145 345,932
Real estate solutions and other    
Revenues    
Operating revenues $ 123,230 $ 55,931