secwatch.observer — SEC 8-K summary
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Issuer:     STEWART INFORMATION SERVICES CORP (STC)
CIK:        0000094344
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001564590-22-035270
Event type: earnings
Sentiment:  negative
Materiality: 0.80
LLM model:  deepseek-v4-flash:cloud@v2

Stewart Q3 revenue $716.4M, down 14% YoY; EPS $1.08 vs $3.26 prior year
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- Total revenues $716.4M ($722.8M adj), down 14% from $836.7M; title segment operating revenues fell 16%.
- Net income $29.4M ($37.5M adj) vs $88.7M; diluted EPS $1.08 ($1.37 adj) vs $3.26 ($3.17 adj) prior year.
- Title segment pretax income dropped 56% to $51.8M; pretax margin fell to 8.0% from 15.4%.
- CEO cites mortgage rate headwinds; acquired FNC Title Services (reverse mortgage title) to invest opportunistically.
- Nine-month adjusted net income $163.6M ($5.98 per diluted share) vs $224.0M ($8.27) prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94344/000156459022035270/0001564590-22-035270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94344/000156459022035270/stc-8k_20221026.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-035270

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer