Stewart Information Services Corporation provides title insurance and real estate services for residential and commercial transactions through direct operations, the Stewart Trusted Providers™ network and affiliated companies. Its news commonly covers title insurance, closing and settlement services, lender services, appraisal and valuation solutions, and real estate data and workflow platforms serving mortgage and real estate professionals.
Recurring updates include quarterly operating results for the title and real estate solutions segments, dividend announcements, acquisition activity within valuation services, and product enhancements across Stewart-owned platforms such as PropStream, Cloudvirga, BatchDialer and Stewart Virtual Underwriter®.
Stewart reported second quarter 2020 net income of $34.1 million ($1.44 per diluted share), a significant increase from $19.3 million ($0.81 per diluted share) in Q2 2019. Total revenues reached $516.1 million, up from $472.1 million the previous year. Key highlights include a 40% rise in pretax income before noncontrolling interests, driven by strong refinance transactions and a rebound in purchase transactions. The company expressed confidence in its liquidity to navigate ongoing COVID-19 impacts while continuing to provide essential real estate services.