Stewart Information Services (STC) Tops Q4 EPS by 16c

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Go back to Stewart Information Services (STC) Tops Q4 EPS by 16c

Stewart Reports Results for the Fourth Quarter 2016

February 9, 2017 6:15 AM EST

HOUSTON, Feb. 9, 2017 /PRNewswire/ -- Stewart Information Services Corporation (NYSE-STC) today reported net income attributable to Stewart of $16.7 million ($0.71 per diluted share) for the fourth quarter 2016 compared to net income attributable to Stewart of $2.6 million ($0.11 per diluted share) for the fourth quarter 2015.

Pretax income before noncontrolling interests for the fourth quarter 2016 was $23.0 million compared to pretax income before noncontrolling interests of $3.1 million for the fourth quarter 2015.

Fourth quarter 2016 results were influenced by:

$5.4 million of net realized losses, $4.9 million of which were in the ancillary services and corporate segment and $0.5 million in the... More