Segment information

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Segment information

Segment information. The Company has three reportable operating segments: the title segment, the real estate solutions segment, and the corporate and other segment. The title segment provides services needed to transfer title to property in a real estate transaction and includes services such as searching, abstracting, examining, closing and insuring the condition of the title to the property. In addition, the title segment includes home and personal insurance services, Internal Revenue Code Section 1031 tax-deferred exchanges, and digital customer engagement platform services. The real estate solutions segment supports the real estate industry and primarily includes credit and real estate information services, valuation management services, online notarization and closing services, and search services. The corporate and other segment is primarily comprised of the parent holding company and centralized support services departments.

Selected statement of income information related to these segments is as follows:

	Three Months Ended   September 30,		Nine Months Ended   September 30,
	2023	2022	2023	2022
	($000 omitted)
Title segment:
Revenues	533,624	646,607	1,476,093	2,135,000
Depreciation and amortization	9,196	7,467	26,182	21,098
Income before taxes and noncontrolling interest	35,385	51,837	70,181	228,212
Real estate solutions segment:
Revenues	68,215	69,738	202,250	241,993
Depreciation and amortization	6,820	6,204	19,401	19,381
Income before taxes	2,626	3,364	7,273	16,249
Corporate and other segment:
Revenues (net realized losses)	(125)	54	(3,171)	36,394
Depreciation and amortization	398	396	1,265	1,624
Loss before taxes	(10,947)	(9,690)	(35,372)	(32,560)
Consolidated Stewart:
Revenues	601,714	716,399	1,675,172	2,413,387
Depreciation and amortization	16,414	14,067	46,848	42,103
Income before taxes and noncontrolling interest	27,064	45,511	42,082	211,901

The Company does not provide asset information by reportable operating segment as it does not routinely evaluate the asset position by segment. During 2022, the corporate and other segment included results of a real estate brokerage company that was sold during the second quarter 2022.

Total revenues generated in the United States and all international operations are as follows:

	Three Months Ended   September 30,		Nine Months Ended   September 30,
	2023	2022	2023	2022
	($000 omitted)
United States	562,045	670,846	1,574,275	2,271,497
International	39,669	45,553	100,897	141,890
	601,714	716,399	1,675,172	2,413,387