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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Operating revenues $ 534,376 $ 519,484
Investment income 12,901 6,599
Net realized and unrealized gains (losses) 7,038 (1,778)
Revenues 554,315 524,305
Expenses    
Amounts retained by agencies 199,976 205,738
Employee costs 172,417 170,551
Other operating expenses 136,951 120,743
Title losses and related claims 17,383 17,674
Depreciation and amortization 15,384 14,906
Interest 5,058 4,849
Total expenses 547,169 534,461
Income (loss) before taxes and noncontrolling interests 7,146 (10,156)
Income tax (expense) benefit (936) 4,938
Net income (loss) 6,210 (5,218)
Less net income attributable to noncontrolling interests 3,080 2,972
Net income (loss) attributable to Stewart 3,130 (8,190)
Net income (loss) attributable to Stewart    
Net income (loss) 6,210 (5,218)
Other comprehensive (loss) income, net of taxes:    
Foreign currency translation adjustments (4,470) 598
Change in net unrealized gains and losses on investments (2,276) 6,617
Reclassification adjustments for realized gains and losses on investments 150 92
Other comprehensive (loss) income, net of taxes: (6,596) 7,307
Comprehensive (loss) income (386) 2,089
Less net income attributable to noncontrolling interests 3,080 2,972
Comprehensive loss attributable to Stewart $ (3,466) $ (883)
Basic average shares outstanding (in shares) 27,512 27,201
Basic earnings (loss) per share attributable to Stewart (in usd per share) $ 0.11 $ (0.30)
Diluted average shares outstanding (in shares) 28,027 27,201
Diluted earnings (loss) per share attributable to Stewart (in usd per share) $ 0.11 $ (0.30)
Direct operations    
Revenues    
Operating revenues $ 210,588 $ 207,871
Agency operations    
Revenues    
Operating revenues 240,772 249,021
Real estate solutions    
Revenues    
Operating revenues $ 83,016 $ 62,592