Stewart Information Services Corporation (STC)

STC Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	2,004	1,949	2,713	2,974	2,189	1,840
Total Interest & Dividend Income	53.85	45.14	22.42	16.86	18.61	19.8
Gain (Loss) on Sale of Investments	18.13	2.07	-2.55	17.72	-2.91	42.76
Non-Insurance Activities Revenue	332.97	263.58	335.85	291.06	82.62	37.46
Other Revenue	0.2	0.2	2.67	-0.6	0.03	-
Total Revenue	2,409	2,260	3,071	3,299	2,287	1,940
Revenue Growth (YoY)	3.34%	-26.42%	-6.90%	44.22%	17.90%	1.70%
Policy Benefits	80.31	80.28	102.73	126.24	115.22	84.42
Policy Acquisition & Underwriting Costs	851.1	813.52	1,208	1,300	944.48	799.23
Depreciation & Amortization	61.66	62.45	57.18	36.39	19.22	22.53
Selling, General & Administrative	49.6	49.6	53.2	46.5	41.1	44.2
Other Operating Expenses	522.46	458.1	594.82	580.26	334.09	301.15
Total Operating Expenses	2,289	2,177	2,818	2,867	2,067	1,819
Operating Income	119.75	82.9	252.66	431.8	219.93	121.31
Interest Expense	-19.73	-19.74	-18.4	-5.03	-2.62	-4.34
EBT Excluding Unusual Items	100.02	63.16	234.25	426.77	217.31	116.97
Gain (Loss) on Sale of Investments	-	-	-	-2.7	1.2	-
Gain (Loss) on Sale of Assets	-3.2	-3.2	-2.6	6.1	-	-
Other Unusual Items	0.9	0.9	1	3.8	-	-
Pretax Income	97.72	60.86	232.65	433.97	218.51	116.97
Income Tax Expense	23.67	15.26	50.86	93.99	48.83	26.7
Earnings From Continuing Ops.	74.05	45.6	181.79	339.98	169.67	90.27
Minority Interest in Earnings	-14.66	-15.16	-19.48	-16.77	-14.77	-11.66
Net Income	59.38	30.44	162.31	323.22	154.91	78.62
Net Income to Common	59.38	30.44	162.31	323.22	154.91	78.62
Net Income Growth	69.97%	-81.25%	-49.78%	108.65%	97.04%	65.43%
Shares Outstanding (Basic)	28	27	27	27	25	24
Shares Outstanding (Diluted)	28	28	27	27	25	24
Shares Change (YoY)	2.10%	0.63%	0.66%	9.05%	4.88%	0.29%
EPS (Basic)	2.16	1.12	6.00	12.05	6.25	3.33
EPS (Diluted)	2.12	1.11	5.94	11.90	6.22	3.31
EPS Growth	66.11%	-81.31%	-50.08%	91.32%	87.92%	64.68%
Free Cash Flow	70.69	45.25	143.91	350.49	260.81	149.28
Free Cash Flow Per Share	2.53	1.64	5.26	12.90	10.47	6.28
Dividend Per Share	1.920	1.850	1.650	1.365	1.200	1.200
Dividend Growth	4.92%	12.12%	20.88%	13.75%	0%	0%
Operating Margin	4.97%	3.67%	8.23%	13.09%	9.62%	6.25%
Profit Margin	2.47%	1.35%	5.29%	9.80%	6.77%	4.05%
Free Cash Flow Margin	2.93%	2.00%	4.69%	10.63%	11.40%	7.70%
EBITDA	181.41	145.35	309.83	468.19	239.15	143.83
EBITDA Margin	7.53%	6.43%	10.09%	14.19%	10.46%	7.41%
D&A For EBITDA	61.66	62.45	57.18	36.39	19.22	22.53
EBIT	119.75	82.9	252.66	431.8	219.93	121.31
EBIT Margin	4.97%	3.67%	8.23%	13.09%	9.62%	6.25%
Effective Tax Rate	24.23%	25.08%	21.86%	21.66%	22.35%	22.82%
Revenue as Reported	2,407	2,257	3,069	3,306	2,288	1,940

Source: S&P Capital IQ. Insurance template. Financial Sources.