Stewart Information Services Corp

Shares of title insurance provider Stewart Information Services rose 4.9% after the company reported strong second-quarter 2026 earnings. Total revenues increased by $177 million, or 25%, while net income improved by $5 million, or 17%, compared to the same period last year. Diluted earnings per share came in at $1.21, up from $1.13, and adjusted net income was $43 million, or $1.39 per share, versus $38 million, or $1.34 per share, a year earlier. The company also noted increased spending on talent and acquisitions to support future expansion. The stock closed at $67.44, up 5% from the previous close.

Stewart Information Services Corporation anticipates full-year revenue growth of about 20% and earnings growth of about 30%, even as it now expects existing home sales growth to top around 2% for the year, down from a prior forecast of 3% to 5%. CEO Frederick Eppinger said the company made additional investments of around $8 million in the second quarter to boost organic growth initiatives in three of its title businesses, which slowed quarterly earnings growth to 13%. Second-quarter total revenues increased $177 million or 25%, while net income improved $5 million or 17%, with diluted earnings per share of $1.21 compared to $1.13 a year earlier. The company is working on transactions expected to close in the next 60 to 120 days, funded by excess capital, and sees year-over-year margin improvement of about 0.5 percentage points. The Real Estate Solutions segment saw revenues rise 75% and adjusted pretax income more than double to $27 million, while Title segment pretax income was comparable to last year as operating expenses rose 17%.

Property and casualty insurance stocks delivered mixed first-quarter results, with aggregate revenues beating analyst consensus by 1.9%. Bowhead Specialty reported revenues of $155.7 million, up 26.9% year on year and exceeding expectations by 5.5%, driven by 24% growth in gross written premiums. Stewart Information Services posted the best performance relative to estimates with revenues of $781.3 million, a 27.7% increase that beat forecasts by 4.6%, while Fidelity National Financial was the weakest, missing revenue expectations by 10.7% with $3.23 billion. Lemonade achieved the fastest revenue growth among peers at 70.6% to $258 million, and American Financial Group's revenues rose 1.7% to $1.76 billion but fell 5% short of estimates. Share prices across the group have risen 7.9% on average since reporting.

The 32 property and casualty insurance stocks tracked reported mixed first-quarter results, with revenues beating analysts' consensus estimates by 1.9%. HCI Group reported revenues of $242.9 million, up 12.2% year on year, falling short of expectations by 1.1% but still delivering a strong quarter with beats on book value per share and net premiums earned. Stewart Information Services was the best performer, with revenues of $781.3 million, up 27.7% year on year and beating estimates by 4.6%, while Fidelity National Financial was the weakest, reporting revenues of $3.23 billion, up 18.2% year on year but missing estimates by 10.7%. Mercury General and Bowhead Specialty also posted strong results, with revenue beats of 5.4% and 5.5% respectively. Share prices of the group have been resilient, up 7.5% on average since the latest earnings results.

MGIC Investment reported first-quarter revenues of $297.1 million, down 3% year over year and 1% below analyst expectations. The company, which provides private mortgage insurance, posted a narrow beat on earnings per share but saw its stock fall 7.1% since the results. Among the 32 property and casualty insurers tracked, the group overall beat revenue estimates by 1.9% and shares have risen 4.6% on average. Stewart Information Services was the best performer with revenues up 27.7% to $781.3 million, while Fidelity National Financial was the weakest, missing estimates by 10.7% despite an 18.2% revenue increase to $3.23 billion.

Palomar Holdings reported first-quarter revenues of $278.9 million, a 59.7% increase year on year, exceeding analyst expectations by 5.8%. The specialty insurer, which focuses on catastrophe coverage including earthquake insurance, posted a mixed quarter with a strong beat on net premiums earned but a significant miss on book value per share estimates. Among 32 property and casualty insurance stocks tracked, the group overall beat revenue consensus by 1.9% and saw average share prices rise 3.2% since reporting. Stewart Information Services delivered the best performance relative to estimates with revenues of $781.3 million, while Fidelity National Financial was the weakest, missing revenue expectations by 10.7% with $3.23 billion. Palomar shares are up 5% since the report, trading at $116.30.