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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Operating revenues $ 2,212,240 $ 3,048,351 $ 3,264,616
Investment income 45,135 22,421 16,855
Net realized and unrealized (losses) gains (34) (1,476) 24,321
Revenues 2,257,341 3,069,296 3,305,792
Expenses      
Amounts retained by agencies 813,519 1,208,307 1,300,431
Employee costs 712,794 802,001 776,968
Other operating expenses 507,701 648,022 626,762
Title losses and related claims 80,282 102,733 126,243
Depreciation and amortization 62,447 57,178 36,386
Interest 19,737 18,403 5,031
Total expenses 2,196,480 2,836,644 2,871,821
Income before taxes and noncontrolling interests 60,861 232,652 433,971
Income tax expense (15,263) (50,864) (93,989)
Net income 45,598 181,788 339,982
Less net income attributable to noncontrolling interests 15,159 19,483 16,766
Net income attributable to Stewart 30,439 162,305 323,216
Net income attributable to Stewart      
Net income 45,598 181,788 339,982
Other comprehensive income (loss), net of taxes:      
Foreign currency translation adjustments 5,277 (14,939) (679)
Change in net unrealized gains and losses on investments 10,461 (35,416) (13,650)
Reclassification adjustment for realized gains and losses on investments 390 (1,241) (2,440)
Other comprehensive income (loss), net of taxes 16,128 (51,596) (16,769)
Comprehensive income 61,726 130,192 323,213
Less comprehensive income attributable to noncontrolling interests 15,159 19,483 16,766
Comprehensive income attributable to Stewart $ 46,567 $ 110,709 $ 306,447
Basic average shares outstanding (in shares) 27,293 27,055 26,822
Basic earnings per share attributable to Stewart (in usd per share) $ 1.12 $ 6.00 $ 12.05
Diluted average shares outstanding (in shares) 27,520 27,347 27,168
Diluted earnings per share attributable to Stewart (in usd per share) $ 1.11 $ 5.94 $ 11.90
Direct operations      
Revenues      
Operating revenues $ 962,674 $ 1,246,258 $ 1,390,921
Agency operations      
Revenues      
Operating revenues 985,989 1,466,243 1,582,640
Real estate solutions and other      
Revenues      
Operating revenues $ 263,577 $ 335,850 $ 291,055