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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Operating revenues $ 519,484 $ 845,209
Investment income 6,599 3,622
Net realized and unrealized (losses) gains (1,778) 4,085
Revenues 524,305 852,916
Expenses    
Amounts retained by agencies 205,738 331,191
Employee costs 170,551 204,982
Other operating expenses 120,743 189,751
Title losses and related claims 17,674 29,221
Depreciation and amortization 14,906 13,748
Interest 4,849 4,412
Total expenses 534,461 773,305
(Loss) income before taxes and noncontrolling interests (10,156) 79,611
Income tax benefit (expense) 4,938 (17,699)
Net (loss) income (5,218) 61,912
Less income attributable to noncontrolling interests 2,972 4,015
Net (loss) income attributable to Stewart (8,190) 57,897
Net (loss) income attributable to Stewart    
Net (loss) income (5,218) 61,912
Other comprehensive loss, net of taxes:    
Foreign currency translation adjustments 598 620
Change in net unrealized gains and losses on investments 6,617 (19,898)
Reclassification adjustments for realized gains and losses on investments 92 (185)
Other comprehensive income (loss) 7,307 (19,463)
Comprehensive income 2,089 42,449
Less income attributable to noncontrolling interests 2,972 4,015
Comprehensive (loss) income attributable to Stewart $ (883) $ 38,434
Basic average shares outstanding (in shares) 27,201 26,960
Basic (loss) earnings per share attributable to Stewart (in usd per share) $ (0.30) $ 2.15
Diluted average shares outstanding (in shares) 27,201 27,444
Diluted (loss) earnings per share attributable to Stewart (in usd per share) $ (0.30) $ 2.11
Direct operations    
Revenues    
Operating revenues $ 207,871 $ 317,834
Agency operations    
Revenues    
Operating revenues 249,021 404,145
Real estate solutions and other    
Revenues    
Operating revenues $ 62,592 $ 123,230