NYSE : STC
Stewart Information Services Corporation — Financial statements
Financials · Insurance - Property & Casualty · United States
Last price 45.48 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.39B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 2.65B | 2.42B | 2.06B | 1.95B | 2.71B | 2.97B |
| Total Interest & Dividend Income | 56.43M | 57.78M | 55.37M | 45.13M | 22.42M | 16.86M |
| Gain (Loss) on Sale of Investments | 6.96M | 9.56M | 11.54M | 2.07M | -2.55M | 17.72M |
| Non-Insurance Activities Revenue | 667.09M | 438.25M | 358.56M | 263.58M | 335.85M | 291.06M |
| Other Revenue | 452.00K | 894.00K | -198.00K | -2.10M | 2.67M | -599.00K |
| Total Revenue | 3.38B | 2.93B | 2.49B | 2.26B | 3.07B | 3.30B |
| Policy Benefits | 86.99M | 81.67M | 80.41M | 80.28M | 102.73M | 126.24M |
| Policy Acquisition & Underwriting Costs | 1.18B | 1.05B | 864.81M | 813.52M | 1.21B | 1.30B |
| Depreciation & Amortization | 68.98M | 61.07M | 61.61M | 62.45M | 57.18M | 36.39M |
| Selling, General & Administrative | 46.60M | 46.60M | 46.30M | 49.60M | 53.20M | 46.50M |
| Other Operating Expenses | 861.72M | 668.03M | 557.66M | 458.10M | 594.82M | 580.26M |
| Total Operating Expenses | 3.17B | 2.74B | 2.36B | 2.18B | 2.82B | 2.87B |
| Operating Income | 209.22M | 190.92M | 132.62M | 80.60M | 252.66M | 431.80M |
| Interest Expense | -28.32M | -20.44M | -19.91M | -19.74M | -18.40M | -5.03M |
| EBT Excluding Unusual Items | 180.91M | 170.47M | 112.71M | 60.86M | 234.25M | 426.77M |
| Gain (Loss) on Sale of Investments | -2.70M | |||||
| Gain (Loss) on Sale of Assets | -3.90M | -2.90M | -800.00K | -2.60M | 6.10M | |
| Other Unusual Items | -1.00M | -2.00M | 2.40M | 1.00M | 3.80M | |
| Pretax Income | 176.01M | 165.57M | 114.31M | 60.86M | 232.65M | 433.97M |
| Income Tax Expense | 40.34M | 35.41M | 26.16M | 15.26M | 50.86M | 93.99M |
| Earnings From Continuing Ops. | 135.66M | 130.16M | 88.16M | 45.60M | 181.79M | 339.98M |
| Minority Interest in Earnings | -14.88M | -14.63M | -14.85M | -15.16M | -19.48M | -16.77M |
| Net Income | 120.78M | 115.53M | 73.31M | 30.44M | 162.31M | 323.22M |
| Net Income to Common | 120.78M | 115.53M | 73.31M | 30.44M | 162.31M | 323.22M |
| Shares Outstanding (Basic) | 29.94M | 28.07M | 27.63M | 27.29M | 27.05M | 26.82M |
| Shares Outstanding (Diluted) | 30.43M | 28.56M | 28.13M | 27.52M | 27.35M | 27.17M |
| EPS (Basic) | 4.03 | 4.12 | 2.65 | 1.12 | 6.00 | 12.05 |
| EPS (Diluted) | 3.98 | 4.05 | 2.61 | 1.11 | 5.94 | 11.90 |
| Free Cash Flow | 132.28M | 95.14M | 45.25M | 143.91M | 350.49M | |
| Free Cash Flow Per Share | 4.63 | 3.38 | 1.64 | 5.26 | 12.90 | |
| Dividend Per Share | 0.53 | 2.05 | 1.95 | 1.85 | 1.65 | 1.36 |
| Operating Margin | 6.20% | 6.52% | 5.33% | 3.57% | 8.23% | 13.09% |
| Profit Margin | 3.58% | 3.95% | 2.95% | 1.35% | 5.29% | 9.80% |
| Free Cash Flow Margin | 4.52% | 3.82% | 2.00% | 4.69% | 10.63% | |
| EBITDA | 277.33M | 251.99M | 194.24M | 143.04M | 309.83M | 468.19M |
| EBITDA Margin | 8.21% | 8.61% | 7.80% | 6.34% | 10.09% | 14.19% |
| D&A For EBITDA | 68.11M | 61.07M | 61.61M | 62.45M | 57.18M | 36.39M |
| EBIT | 209.22M | 190.92M | 132.62M | 80.60M | 252.66M | 431.80M |
| EBIT Margin | 6.20% | 6.52% | 5.33% | 3.57% | 8.23% | 13.09% |
| Effective Tax Rate | 22.92% | 21.39% | 22.88% | 25.08% | 21.86% | 21.66% |
| Revenue as Reported | 3.37B | 2.92B | 2.49B | 2.26B | 3.07B | 3.31B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 596.17M | 558.49M | 586.62M | 610.24M | 611.93M | 589.77M |
| Investments in Equity & Preferred Securities | 52.61M | 87.06M | 73.92M | 102.72M | 94.20M | |
| Other Investments | 53.66M | 47.90M | 41.20M | 39.02M | 24.32M | 17.65M |
| Total Investments | 649.83M | 659.00M | 714.88M | 723.18M | 738.98M | 701.62M |
| Cash & Equivalents | 152.31M | 317.38M | 206.80M | 223.37M | 239.77M | 444.52M |
| Other Receivables | 232.48M | 190.06M | 140.76M | 124.90M | 117.72M | 119.34M |
| Property, Plant & Equipment | 222.32M | 191.36M | 189.82M | 198.21M | 209.37M | 207.03M |
| Goodwill | 1.42B | 1.27B | 1.08B | 1.07B | 1.07B | 924.84M |
| Other Intangible Assets | 375.49M | 406.81M | 247.94M | 266.56M | 272.44M | 306.66M |
| Restricted Cash | 4.40M | 9.50M | 10.00M | 8.60M | 41.40M | |
| Long-Term Deferred Tax Assets | 8.14M | 7.66M | 4.83M | 3.78M | 2.59M | 3.85M |
| Other Long-Term Assets | 238.26M | 204.18M | 131.48M | 80.74M | 75.43M | 64.11M |
| Total Assets | 3.30B | 3.25B | 2.73B | 2.70B | 2.74B | 2.81B |
| Accounts Payable | 236.78M | 255.85M | 214.58M | 190.05M | 196.54M | 287.33M |
| Unpaid Claims | 521.50M | 524.47M | 511.53M | 528.27M | 549.45M | 549.61M |
| Current Portion of Leases | 37.10M | |||||
| Long-Term Debt | 654.91M | 646.61M | 445.84M | 445.29M | 446.93M | 482.48M |
| Long-Term Leases | 133.42M | 85.06M | 118.83M | 135.65M | 148.08M | 150.43M |
| Long-Term Deferred Tax Liabilities | 66.95M | 53.32M | 28.27M | 25.05M | 26.62M | 48.78M |
| Total Liabilities | 1.61B | 1.60B | 1.32B | 1.32B | 1.37B | 1.52B |
| Common Stock | 535.94M | 30.58M | 28.12M | 27.72M | 27.48M | 27.25M |
| Additional Paid-In Capital | 489.67M | 330.60M | 310.73M | 296.86M | 282.38M | |
| Retained Earnings | 1.18B | 1.15B | 1.09B | 1.07B | 1.09B | 974.80M |
| Treasury Stock | -2.67M | -2.67M | -2.67M | -2.67M | -2.67M | -2.67M |
| Comprehensive Income & Other | -39.89M | -21.91M | -43.40M | -35.22M | -51.34M | 253.00K |
| Total Common Equity | 1.67B | 1.64B | 1.40B | 1.37B | 1.36B | 1.28B |
| Minority Interest | 9.66M | 9.31M | 8.95M | 7.14M | 8.11M | 12.73M |
| Shareholders' Equity | 1.68B | 1.65B | 1.41B | 1.38B | 1.37B | 1.29B |
| Total Liabilities & Equity | 3.30B | 3.25B | 2.73B | 2.70B | 2.74B | 2.81B |
| Filing Date Shares Outstanding | 30.53M | 30.42M | 27.81M | 27.46M | 27.19M | 26.98M |
| Total Common Shares Outstanding | 30.53M | 30.22M | 27.76M | 27.37M | 27.13M | 26.89M |
| Total Debt | 788.33M | 768.76M | 564.68M | 580.94M | 595.01M | 632.91M |
| Net Cash (Debt) | -636.02M | -451.38M | -357.88M | -357.58M | -355.24M | -188.39M |
| Net Cash Per Share | -20.90 | -15.80 | -12.72 | -12.99 | -12.99 | -6.93 |
| Book Value Per Share | 54.83 | 54.30 | 50.50 | 50.11 | 50.21 | 47.67 |
| Tangible Book Value | -119.88M | -37.68M | 70.07M | 32.73M | 16.73M | 50.51M |
| Tangible Book Value Per Share | -3.93 | -1.25 | 2.52 | 1.20 | 0.62 | 1.88 |
| Land | 1.60M | 2.54M | 2.54M | 2.54M | 2.54M | |
| Buildings | 16.23M | 19.84M | 19.22M | 18.76M | 19.30M | |
| Machinery | 259.58M | 245.43M | 234.37M | 213.71M | 216.26M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 115.53M | 73.31M | 30.44M | 162.31M | 323.22M | |
| Depreciation & Amortization | 61.07M | 61.61M | 62.45M | 57.18M | 36.39M | |
| Gain (Loss) on Sale of Investments | -7.07M | -13.73M | 520.00K | 3.64M | -20.70M | |
| Stock-Based Compensation | 17.10M | 13.56M | 10.92M | 12.28M | 11.97M | |
| Change in Accounts Receivable | -14.84M | -12.05M | -5.36M | 10.15M | -18.82M | |
| Change in Deferred Taxes | 8.27M | 4.49M | -6.77M | 293.00K | 12.72M | |
| Change in Other Net Operating Assets | 3.64M | -4.20M | -3.25M | -85.00M | -28.25M | |
| Other Operating Activities | 22.12M | 12.17M | -7.26M | 33.44M | 80.23M | |
| Operating Cash Flow | 205.69M | 135.61M | 83.04M | 191.86M | 390.29M | |
| Capital Expenditures | -73.41M | -40.47M | -37.79M | -47.95M | -39.80M | |
| Sale of Property, Plant & Equipment | 10.68M | |||||
| Cash Acquisitions | -370.01M | -14.38M | -25.10M | -142.86M | -599.98M | |
| Investment in Securities | 89.69M | -27.24M | 38.90M | -111.02M | 2.25M | |
| Other Investing Activities | -14.85M | -5.17M | -5.98M | 1.16M | -18.43M | |
| Investing Cash Flow | -368.58M | -87.26M | -29.97M | -300.67M | -645.28M | |
| Long-Term Debt Issued | 201.18M | 3.39M | 3.54M | 39.50M | 1.20B | |
| Total Debt Repaid | -1.22M | -3.38M | -5.78M | -76.49M | -809.82M | |
| Net Debt Issued (Repaid) | 199.95M | 9.00K | -2.24M | -36.99M | 387.54M | |
| Issuance of Common Stock | 148.31M | 10.55M | 4.97M | 5.83M | 2.71M | |
| Repurchases of Common Stock | -3.89M | -3.84M | -1.78M | -3.26M | -2.25M | |
| Common Dividends Paid | -58.48M | -53.92M | -50.52M | -44.67M | -36.64M | |
| Other Financing Activities | -20.68M | -13.76M | -19.52M | -44.13M | -40.99M | |
| Financing Cash Flow | 265.21M | -60.96M | -69.10M | -123.22M | 310.37M | |
| Foreign Exchange Rate Adjustments | 3.16M | -4.46M | 1.02M | -5.53M | -2.15M | |
| Net Cash Flow | 105.48M | -17.07M | -15.00M | -237.55M | 53.24M | |
| Free Cash Flow | 132.28M | 95.14M | 45.25M | 143.91M | 350.49M | |
| Free Cash Flow Margin | 4.52% | 3.82% | 2.00% | 4.69% | 10.63% | |
| Free Cash Flow Per Share | 4.63 | 3.38 | 1.64 | 5.26 | 12.90 | |
| Levered Free Cash Flow | 120.53M | 118.54M | 50.93M | 111.24M | 287.10M | |
| Unlevered Free Cash Flow | 133.30M | 130.98M | 63.26M | 122.74M | 290.24M | |
| Cash Interest Paid | 17.77M | 17.46M | 17.17M | 17.40M | 2.83M | |
| Cash Income Tax Paid | 24.30M | 25.77M | 5.34M | 60.09M | 106.10M | |
| Change in Working Capital | -2.93M | -11.77M | -15.38M | -74.55M | -34.35M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.40B | 2.12B | 1.87B | 1.61B | 1.16B | 2.14B |
| Enterprise Value | 2.03B | 2.52B | 2.27B | 2.01B | 1.45B | 1.97B |
| PE Ratio | 11.49 | 18.37 | 25.52 | 52.81 | 7.14 | 6.63 |
| PS Ratio | 0.41 | 0.72 | 0.75 | 0.71 | 0.38 | 0.65 |
| PB Ratio | 0.81 | 1.29 | 1.33 | 1.17 | 0.85 | 1.66 |
| P/FCF Ratio | 9.20 | 16.05 | 19.66 | 35.52 | 8.05 | 6.12 |
| P/OCF Ratio | 5.79 | 10.32 | 13.80 | 19.36 | 6.04 | 5.49 |
| EV/Sales Ratio | 0.60 | 0.86 | 0.91 | 0.89 | 0.47 | 0.60 |
| EV/EBITDA Ratio | 7.27 | 10.01 | 11.70 | 14.05 | 4.69 | 4.21 |
| EV/EBIT Ratio | 9.64 | 13.21 | 17.14 | 24.94 | 5.75 | 4.57 |
| EV/FCF Ratio | 13.44 | 19.06 | 23.89 | 44.42 | 10.10 | 5.63 |
| Debt / Equity Ratio | 0.47 | 0.47 | 0.40 | 0.42 | 0.43 | 0.49 |
| Debt / EBITDA Ratio | 2.43 | 2.57 | 2.35 | 3.02 | 1.64 | 1.23 |
| Debt / FCF Ratio | 5.81 | 5.93 | 12.84 | 4.13 | 1.81 | |
| Net Debt / Equity Ratio | 0.38 | 0.27 | 0.25 | 0.26 | 0.26 | 0.15 |
| Net Debt / EBITDA Ratio | 2.29 | 1.79 | 1.84 | 2.50 | 1.15 | 0.40 |
| Net Debt / FCF Ratio | 3.41 | 3.76 | 7.90 | 2.47 | 0.54 | |
| Quick Ratio | 1.85 | 1.76 | 1.71 | 1.96 | 1.91 | 2.02 |
| Current Ratio | 1.85 | 1.77 | 1.76 | 2.01 | 1.95 | 2.16 |
| Asset Turnover | 1.10 | 0.98 | 0.92 | 0.83 | 1.11 | 1.38 |
| Return on Equity (ROE) | 8.57% | 8.50% | 6.32% | 3.32% | 13.64% | 29.47% |
| Return on Assets (ROA) | 4.26% | 3.99% | 3.05% | 1.85% | 5.69% | 11.26% |
| Return on Invested Capital (ROIC) | 6.56% | 6.83% | 5.20% | 3.08% | 10.14% | 21.40% |
| Earnings Yield | 8.70% | 5.44% | 3.92% | 1.89% | 14.00% | 15.07% |
| FCF Yield | 10.87% | 6.23% | 5.08% | 2.81% | 12.41% | 16.35% |
| Dividend Yield | 4.82% | 2.92% | 2.89% | 3.15% | 3.86% | 1.71% |
| Payout Ratio | 55.29% | 50.62% | 73.55% | 165.98% | 27.52% | 11.34% |
| Buyback Yield / Dilution | -7.26% | -1.53% | -2.21% | -0.63% | -0.66% | -9.05% |
| Total Shareholder Return | -2.31% | 1.39% | 0.68% | 2.52% | 3.20% | -7.34% |