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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Operating revenues $ 3,048,351 $ 3,264,616 $ 2,271,503
Investment income 22,421 16,855 18,607
Net realized and unrealized (losses) gains (1,476) 24,321 (1,678)
Revenues 3,069,296 3,305,792 2,288,432
Expenses      
Amounts retained by agencies 1,208,307 1,300,431 944,480
Employee costs 802,001 776,968 613,195
Other operating expenses 648,022 626,762 375,188
Title losses and related claims 102,733 126,243 115,224
Depreciation and amortization 57,178 36,386 19,216
Interest 18,403 5,031 2,624
Total expenses 2,836,644 2,871,821 2,069,927
Income before taxes and noncontrolling interests 232,652 433,971 218,505
Income tax expense (50,864) (93,989) (48,833)
Net income 181,788 339,982 169,672
Less net income attributable to noncontrolling interests 19,483 16,766 14,767
Net income attributable to Stewart 162,305 323,216 154,905
Net income attributable to Stewart      
Net income 181,788 339,982 169,672
Other comprehensive (loss) income, net of taxes:      
Foreign currency translation adjustments (14,939) (679) 4,789
Change in net unrealized gains and losses on investments (35,416) (13,650) 15,443
Reclassification adjustment for realized gains and losses on investments (1,241) (2,440) (511)
Other comprehensive (loss) income (51,596) (16,769) 19,721
Comprehensive income 130,192 323,213 189,393
Less comprehensive income attributable to noncontrolling interests 19,483 16,766 14,767
Comprehensive income attributable to Stewart $ 110,709 $ 306,447 $ 174,626
Basic average shares outstanding (in shares) 27,055 26,822 24,793
Basic earnings per share attributable to Stewart (in usd per share) $ 6.00 $ 12.05 $ 6.25
Diluted average shares outstanding (in shares) 27,347 27,168 24,913
Diluted earnings per share attributable to Stewart (in usd per share) $ 5.94 $ 11.90 $ 6.22
Direct operations      
Revenues      
Operating revenues $ 1,246,258 $ 1,390,921 $ 1,037,852
Agency operations      
Revenues      
Operating revenues 1,466,243 1,582,640 1,151,030
Real estate solutions and other      
Revenues      
Operating revenues $ 335,850 $ 291,055 $ 82,621