Highlights

  • Third quarter 2026 total revenues were $900.7 million, compared with $796.9 million, and net income was $30.3 million.
  • Diluted earnings per share were $0.98, compared with $1.55, and adjusted diluted earnings per share were $1.33.
  • Real estate solutions revenues were $196.5 million, compared with $116.6 million, including the recent MCS acquisition.
  • Management said it is raising its annual dividend to $2.20 per share from $2.10 per share.

Stewart Information Services Corporation (NYSE:STC) shares were trading at USD 43.92 on October 28, 2026, up 1.01%, with a relative volume at time of 3.66. The Houston-based real estate services company completed several acquisitions during 2026 and reported third quarter 2026 results on October 21, with a conference call the following day.

Stewart is incorporated in Delaware and lists its principal executive offices in Houston, Texas. The company is a global real estate services company that offers products and services through its direct operations, network of Stewart Trusted Providers and family of companies. Its offerings include residential and commercial title insurance, closing and settlement services, and specialized services for the mortgage and real estate industries. It reports a title segment, a real estate solutions segment and a corporate segment.

Third Quarter 2026 Results

Stewart reported total revenues of $900.7 million for the third quarter of 2026, compared with $796.9 million in the prior-year quarter. Pretax income before noncontrolling interests was $45.6 million, compared with $61.2 million. Net income attributable to Stewart was $30.3 million, or $0.98 per diluted share, compared with $44.3 million, or $1.55 per diluted share.

On an adjusted, non-GAAP basis, net income was $41.2 million, or $1.33 per diluted share, compared with $46.7 million, or $1.64 per diluted share. Adjusted pretax margin was 6.7%, compared with 8.1%.

For the nine months ended September 30, 2026, total revenues were $2,581.2 million, compared with $2,131.1 million. Net income attributable to Stewart was $84.5 million, or $2.74 per diluted share, compared with $79.3 million, or $2.79 per diluted share.

Segment Results

Title segment operating revenues were $690.5 million, compared with $659.9 million. Pretax income was $47.5 million, compared with $62.0 million, and adjusted pretax income was $51.9 million, compared with $60.8 million. Title loss expense increased $4.0 million, which the company linked to higher title revenues. Investment income decreased $1.1 million.

Direct title revenues were $305.8 million, and domestic commercial revenues increased $7.3 million. The average domestic commercial fee per file decreased 8% to $16,300. International revenues decreased $4.2 million.

Real estate solutions revenues were $196.5 million, compared with $116.6 million. Pretax income was $10.3 million, compared with $7.3 million, and adjusted pretax margin was 10.5%, compared with 11.3%. Corporate expenses were $12.2 million, compared with $9.5 million, which the company attributed to higher interest expense on increased debt balances.

Balance Sheet and Cash Flow

At September 30, 2026, cash and cash equivalents were $152,313 thousand, compared with $321,775 thousand at December 31, 2025. Notes payable were $654,911 thousand, compared with $646,606 thousand. Total stockholders' equity was $1,683,277 thousand, and book value per share was $54.82.

Net cash provided by operations was $46.6 million in the third quarter, compared with $92.6 million in the prior-year quarter. The company said the decrease reflected lower net income and the timing of payments related to operating liabilities.

Acquisitions, Dividend and Management Commentary

On the October 22, 2026 call, management said the company completed acquisitions in 2026 including Nationwide Appraisal, ProTitle and Tower Title, in addition to MCS. It said ProTitle and Tower Title closed on September 1, and that it deployed approximately $150 million across the Nationwide Appraisal, ProTitle and Tower Title acquisitions.

Management also said it is raising its annual dividend to $2.20 per share from $2.10 per share.

Chief Executive Officer Fred Eppinger said in the press release that the company faced increased industry headwinds that it anticipates will continue into next year. He said the company remains focused on growing market share while maintaining disciplined operational execution. The release provides no numerical financial guidance.