Stewart Information Services Corporation (STC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1360 POST OAK BLVD
HOUSTON, TX 77056
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6361 - Title Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments216,605201,222272,685339,010422,592414,703
Cash and cash equivalents190,039174,815248,367320,933405,310396,649
Short-term investments26,56626,40724,31818,07717,28218,054
Total current assets:216,605201,222272,685339,010422,592414,703
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   1,291   
Operating lease, right-of-use asset128,167128,192127,830130,316137,275141,033
Property, plant and equipment21,63921,58721,30621,09821,23721,822
Long-term investments and receivables4,0733,8964,5754,3414,6504,525
Long-term investments4,0733,8964,5754,3414,6504,525
Intangible assets, net (including goodwill)1,279,1871,285,2331,272,0661,136,1561,151,7061,162,801
Goodwill1,074,6781,094,4061,072,982961,726964,212932,556
Intangible assets, net (excluding goodwill)204,509190,827199,084174,430187,494230,245
Deferred income tax assets2,5822,5862,5904,3283,7663,732
Total noncurrent assets:1,435,6481,441,4941,429,6581,296,2391,318,6341,333,913
Other undisclosed assets1,025,5851,036,3441,035,5361,070,2111,014,1161,012,371
TOTAL ASSETS:2,677,8382,679,0602,737,8792,705,4602,755,3422,760,987
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt28,46230,23126,61623,99937,16641,436
Deferred income tax liabilities28,46230,23126,61623,99937,16641,436
Total noncurrent liabilities:28,46230,23126,61623,99937,16641,436
Other undisclosed liabilities1,283,3811,289,0771,340,9981,323,9601,358,3551,394,763
Total liabilities:1,311,8431,319,3081,367,6141,347,9591,395,5211,436,199
Equity
Equity, attributable to parent, including:1,358,4911,352,4411,362,1511,344,9561,347,1441,312,471
Common stock   27,483   
Treasury stock, value(2,666)(2,666)(2,666)(2,666)(2,666)(2,666)
Additional paid in capital   296,861   
Accumulated other comprehensive loss(45,326)(44,036)(51,343)(64,808)(40,202)(19,210)
Retained earnings1,074,4581,071,3201,091,8161,090,9381,073,7881,022,456
Other undisclosed equity, attributable to parent332,025327,823 321,492316,224311,891
Equity, attributable to noncontrolling interest7,5047,3118,11412,54512,67712,317
Total equity:1,365,9951,359,7521,370,2651,357,5011,359,8211,324,788
TOTAL LIABILITIES AND EQUITY:2,677,8382,679,0602,737,8792,705,4602,755,3422,760,987

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues549,154524,305655,909716,399844,073852,916
Cost of revenue
(Policyholder Benefits and Claims Incurred, Net)
(19,802)(17,674)(21,628)(25,486)(26,398)(29,221)
Gross profit:529,352506,631634,281690,913817,675823,695
Operating expenses(316,637)(341,387)(416,883)(445,792)(516,143)(534,690)
Operating income:212,715165,244217,398245,121301,532289,005
Interest and debt expense(4,875)(4,849)(4,932)(4,553)(4,507)(4,412)
Income from continuing operations before equity method investments, income taxes:207,840160,395212,466240,568297,025284,593
Other undisclosed loss from continuing operations before income taxes(182,666)(170,551)(191,715)(195,057)(210,246)(204,982)
Income (loss) from continuing operations before income taxes:25,174(10,156)20,75145,51186,77979,611
Income tax expense (benefit)(5,392)4,938(2,488)(10,783)(19,894)(17,699)
Income (loss) from continuing operations:19,782(5,218)18,26334,72866,88561,912
Income before gain (loss) on sale of properties:34,72866,88561,912
Net income (loss):19,782(5,218)18,26334,72866,88561,912
Net loss attributable to noncontrolling interest(3,967)(2,972)(4,949)(5,294)(5,225)(4,015)
Net income (loss) available to common stockholders, diluted:15,815(8,190)13,31429,43461,66057,897

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):19,782(5,218)18,26334,72866,88561,912
Other comprehensive income (loss)(1,290)7,30713,465(24,606)(20,992)(19,463)
Comprehensive income:18,4922,08931,72810,12245,89342,449
Comprehensive loss, net of tax, attributable to noncontrolling interest(3,967)(2,972)(4,949)(5,294)(5,225)(4,015)
Comprehensive income (loss), net of tax, attributable to parent:14,525(883)26,7794,82840,66838,434

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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