Earnings per share

3 Months Ended

Mar. 31, 2024

Earnings per share. Basic earnings per share (EPS) attributable to Stewart is calculated by dividing net income attributable to Stewart by the weighted-average number of shares of Common Stock outstanding during the reporting periods. To calculate diluted EPS, the number of shares is adjusted to include the number of additional shares that would have been outstanding if restricted units were vested and issued and stock options were exercised. In periods of net losses, dilutive shares are excluded from the calculation of the diluted EPS and diluted EPS is computed in the same manner as basic EPS.

The calculation of the basic and diluted EPS is as follows:


	Three Months Ended March 31,
			2024	2023
		($000 omitted, except per share)
Numerator:


Net income (loss) attributable to Stewart			3,130	(8,190)

Denominator (000):
Basic average shares outstanding			27,512	27,201
Average number of dilutive shares relating to options			197	—
Average number of dilutive shares relating to restricted units			318	—
Diluted average shares outstanding			28,027	27,201

Basic earnings (loss) per share attributable to Stewart			0.11	(0.30)

Diluted earnings (loss) per share attributable to Stewart			0.11	(0.30)