Stewart Information Services Reports Strong Q2 Results Amid Weak Housing Market
Stewart Information Services (NYSE:STC) reported strong second-quarter results for 2026, with revenue up approximately 25% and earnings improving despite a subdued housing market. Year-to-date revenue rose by 26%, driven primarily by the company's commercial and agency businesses, which saw domestic commercial premiums increase by 20% and agency revenue rise 25%. Management noted that its commercial business has doubled since late 2023, with market share now at around 13.5% to 14%. Despite a weak housing environment, Stewart lowered but still maintained positive growth expectations for the year. The company revised down its forecast for existing home sales from an expected increase of 6%-8% to about 2%. However, it remains optimistic about full-year revenue and earnings growth of approximately 20% and 30%, respectively, supported by acquisitions and expansion in real estate solutions. CEO Fred Eppinger highlighted the company's progress in growing both revenue and profits amid a challenging market. CFO David Hisey noted solid second-quarter results with $177 million or 25% increase in total revenues and improved net income.
Tickers: $STC
Topics: acquisitions commercial_business housing_market revenue_growth