STC Stock Charts | 7Baggers

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2013-12-31	2013-03-31	2012-12-31	2012-09-30	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2008-06-30	2007-12-31	2007-03-31	2006-12-31	2005-12-31	2004-12-31

assets
cash and cash equivalents	188,518	178,101	148,510	216,298,000	183,772	133,405	138,351	233,365,000	202,985	190,039	174,815	248,367,000	320,933	405,310	396,649	485,919,000	607,605	400,542	412,763	432,683,000	381,560	310,806	293,599	330,609	320,960	201,205	164,507	192,067	149,669	121,128	103,474	150,079	168,746	147,205	122,575	185,772	161,788	137,266	108,753	179,067	211,315	164,601	153,146	200,558	194,289	169,688	196,471	162,797	117,196	144,564	97,971	76,558	102,900	112,099	104,074	136,137	134,734	121,383
short-term investments	44,647	45,731	45,716	41,199,000	44,911	43,341	42,774	39,023,000	37,238	26,566	26,407	24,318,000	18,077	17,282	18,054	17,650,000	17,198	17,628	17,855	20,678,000	21,288	20,560	19,233	23,527	22,692	23,064	23,473	22,950	23,954	23,642	24,400	24,463	23,434	23,092	22,836	22,239	40,068	42,032	42,009	39,707	21,882	22,666	25,289	25,042	38,336	36,146	37,025	37,052	33,137	33,457	24,194	37,120	57,212	105,530	147,419	161,711	206,717	181,195
investments, at fair value:
debt securities	606,018	605,048	592,697	586,615,000	607,540	584,585	597,057	610,236,000	585,406	601,927	608,314	611,934,000	582,461	593,583
equity securities	88,800	84,695	82,145	82,484,000	81,121	76,348	76,893	69,700,000	75,333	78,226	81,441	98,149,000	87,166	93,672
receivables:
premiums from agencies	41,065	39,166	35,984	36,753,000	40,730	39,974	39,600	38,676,000	40,509	40,601	37,231	39,921,000	43,426	50,565	44,608	45,428,000	47,324	46,449	37,713	34,507,000	32,749	29,342	24,591	26,405	31,869	32,347	29,421	29,032	31,656	30,242	28,173	27,903	33,754	34,603	32,253	31,246	33,402	34,390	33,627	36,393	37,404	37,262	34,891	42,929	45,249	36,511	45,458	45,462	47,351	45,399	42,630	35,707				58,023	49,397	42,618
trade and other	105,089	105,929	99,584	87,671,000	93,698	91,485	86,010	75,706,000	64,364	73,218	74,903	67,348,000	65,620	70,572	72,994	75,079,000	66,711	72,061	63,106	56,054,000	47,287	38,196	34,515	45,962	46,990	52,471	46,382	43,568	44,470	50,282	48,378	51,299	52,055	50,023	42,334	41,897	46,017	47,451	47,221	49,453	53,099	60,716	71,594	60,654
income taxes	4,076	3,746	6,942	3,100,000	5,356	4,882	4,435	3,535,000	4,725	9,661	18,708	10,281,000	9,395	4,338	2,074	5,420,000	5,107	2,034	172	501,000	2,110	1,514	3,131	1,641	1,791	4,304	1,982	489	559	2,477	5,836	1,267	3,085	1,223	7,008	4,878	1,767	2,516	9,945	1,914	1,191	4,091	9,593	253	9,477	3,899	3,259	9,721	7,412	651	46,228	40,406				9,285		3,022
notes	40,686	26,116	23,081	20,964,000	21,403	21,226	20,575	14,570,000	13,765	13,464	7,465	7,482,000	5,995	4,633	3,544	1,124,000	1,390	1,461	1,531	1,557,000	1,591	2,247	2,425	2,464	3,109	2,889	2,935	2,987	3,594	3,088	3,154	3,203	3,761	3,702	3,145	3,402	2,605	2,702	2,933	3,744	4,254	4,343	4,471	4,031	4,075	5,314	8,483	8,681	10,394	10,747	10,437	11,694				6,901	6,850	6,683
allowance for uncollectible amounts	-9,183	-8,890	-8,407		-8,851	-8,186	-8,000		-8,652	-7,853	-7,440		-7,577	-7,028	-7,435	-7,711,000	-6,222	-5,168	-5,393	-4,807,000	-4,456	-4,442	-4,567	-4,469	-4,401	-4,025	-4,450	-4,614	-4,925	-4,842	-4,808	-5,156	-8,555	-9,108	-9,691	-9,647	-8,714	-8,981	-9,256	-9,833	-8,883	-8,750	-8,933	-9,193	-9,871	-10,443	-12,823	-13,308	-16,056	-19,438	-20,501	-17,504	-12,352	-10,204
property and equipment:
land	1,597	1,597	2,380	2,545,000	2,545	2,545	2,582	2,545,000	2,545	2,545	2,545	2,545,000	2,545	2,545	2,545	2,545,000	2,964	2,964	2,964	2,964,000	2,964	3,009	3,009	3,009	3,512	3,512	3,512	3,991	3,991	3,991	3,991	3,991	3,991	3,991	3,991	3,991	3,991	3,991	3,991	3,991	5,524	5,524	5,524	5,524	5,559	5,848	5,848	5,848	6,429	6,445	8,468	8,468				8,350	7,584	6,990
buildings	16,158	16,164	17,672	19,836,000	19,926	19,274	19,240	19,219,000	19,049	19,094	19,042	18,761,000	18,553	18,692	19,277	19,303,000	17,114	16,645	22,617	22,598,000	22,423	22,433	22,193	20,519	21,440	21,498	21,552	22,968	23,018	22,806	22,935	22,849	22,835	22,771	22,688	22,529	22,621	22,681	22,829	22,898	26,337	26,426	26,287	26,399	26,779	26,759	26,887	26,841	23,823	23,769	23,326	22,629				20,591	15,303	15,162
furniture and equipment	260,919	256,918	251,368	245,432,000	260,131	251,883	241,675	234,370,000	233,062	226,455	219,002	213,707,000	220,224	208,350	218,244	216,261,000	191,231	181,690	172,874	168,147,000	174,079	169,591	168,391	178,416	209,488	218,726	216,901	216,498	234,405	233,154	231,356	226,461	230,308	226,536	223,700	217,105	223,639	225,643	219,062	214,350	226,852	225,515	218,582	215,344	213,585	243,836	241,694	239,117	234,262	250,355	271,234	281,683				278,563	245,290	220,626
accumulated depreciation	-194,333	-191,512	-186,782	-180,200,000	-192,566	-186,973	-180,570	-173,799,000	-171,230	-166,331	-159,909	-153,474,000	-160,715	-156,087	-167,688	-165,653,000	-151,311	-146,711	-144,723	-142,038,000	-148,490	-145,187	-142,301	-151,483	-178,577	-186,439	-184,773	-182,663	-196,943	-193,128	-189,857	-186,279	-188,105	-183,179	-178,539	-173,119	-177,254	-176,778	-171,579	-169,870	-186,238	-181,046	-175,654	-171,914	-191,657	-221,535	-219,715	-216,586	-208,077	-219,000	-232,395	-229,247
operating lease assets	109,255	113,615	99,458	102,210,000	105,510	108,653	113,617	115,879,000	123,698	128,167	128,192	127,830,000	130,316	137,275	141,033	134,578,000	117,354	112,351	110,586	106,479,000	110,038	100,353	94,922	99,028	100,671	102,134	103,947
title plants, at cost	75,684	74,955	74,955	74,862,000	76,028	73,378	73,359	73,359,000	73,359	73,358	73,358	73,358,000	73,358	73,503	76,859	76,859,000	73,127	73,113	73,113	72,863,000	72,850	72,650	72,627	72,627	74,737	74,737	74,737	74,737	74,737	74,237	74,237	74,237	74,237	75,313	75,313	75,313	75,313	75,743	75,743	75,743	76,083	76,083	76,083	76,779	76,822	78,051	77,360	77,947	77,406	77,397	78,421	78,363				70,324	58,930	52,679
goodwill	1,119,793	1,092,747	1,092,747	1,084,139,000	1,080,681	1,080,546	1,072,315	1,072,129,000	1,072,022	1,074,678	1,094,406	1,072,982,000	961,726	964,212	932,556	924,837,000	536,176	549,991	480,159	431,477,000	382,235	279,857	249,946	248,890	248,890	248,890	248,890	248,890	247,190	242,736	242,736	231,428	231,428	234,667	217,094	217,094	217,921	217,722	217,722	217,722	218,652	253,239	255,620	251,868	231,838	220,983	220,955	216,744	214,492	206,861	212,763	210,901	209,879	207,883	202,348	204,302	155,624	124,636
intangible assets, net of amortization	158,059	158,348	165,156	173,075,000	175,166	177,112	185,067	193,196,000	201,539	204,509	190,827	199,084,000	174,430	187,494	230,245	229,804,000	72,549	36,798	38,912	37,382,000	22,002	3,843	4,495	4,623	6,303	7,340	8,518	9,727	10,843	11,138	12,301	9,734	10,673	9,317	9,975	10,890	14,307	15,209	16,622	18,075	20,061	22,680	24,474	26,311	13,050	6,648	7,015	7,400	8,693	8,228	6,406	8,448				15,444	15,268	16,988
deferred tax assets	4,805	4,795	4,401	4,827,000	3,749	3,673	3,719	3,776,000	2,554	2,582	2,586	2,590,000	4,328	3,766	3,732	3,846,000	4,566	4,330	4,359	4,330,000	4,451	4,407	4,407	4,407	4,592	4,575	4,575	4,575	4,186	4,222	4,187	4,186	3,856	3,865	3,863	3,860	2,875	2,768	2,737	4,949	571			800
other assets	183,898	173,888	159,489	131,479,000	128,720	128,335	122,690	80,739,000	92,516	82,859	83,271	75,430,000	150,858	78,015	76,756	64,105,000	50,169	68,707	50,862	42,048,000	38,058	39,732	39,268	35,402	39,967	44,007	43,942	43,121	49,576	50,408	52,609	47,664	48,458	49,725	43,801	42,975	46,070	46,147	45,791	43,237	46,455	48,435	52,083	46,510	62,775	59,008	56,229	57,866	52,096	49,324	51,339	65,956	103,986	106,024	104,177	70,911	61,102	40,640
liabilities																																																-557
notes payable	446,141	446,000	445,860	445,841,000	445,704	445,568	445,433	445,290,000	445,158	445,027	445,067	447,006,000	446,372	444,908	445,936	483,491,000	275,276	127,662	125,572	101,773,000	101,256	101,702	102,613	110,632	105,371	105,404	105,043	108,036	106,440	107,657	108,595	109,312	138,557	116,331	100,845	106,808	131,135	127,690	115,905	102,399	82,051	82,711	65,229	65,562	5,827	6,426	6,481	6,490	11,722	8,784	19,620	135,276	116,799	110,269	106,057
accounts payable and accrued liabilities	234,472	203,903	198,554	214,580,000	196,670	165,382	166,376	190,054,000	177,180	167,564	163,001	196,541,000	184,065	200,294	233,135	287,326,000	209,144	229,054	212,774	225,180,000	143,207	108,394	84,974	126,779	103,886	85,436	71,621	109,283	97,233	94,057	90,932	117,740	95,283	97,095	88,401	115,640	99,551	94,788	91,307	118,082	109,931	102,111	97,593	117,583	119,961	95,947	116,617	89,753	86,389	95,666	101,881	110,769	93,501	98,972	94,726	130,589	125,255	101,544
operating lease liabilities	124,966	129,787	114,323	118,835,000	122,788	127,307	132,723	135,654,000	142,044	146,649	147,594	148,003,000	146,309	150,472	154,974	149,417,000	129,064	124,038	123,121	119,089,000	122,475	113,292	108,333	113,843	112,260	114,022	115,307
estimated title losses	520,445	523,085	510,790	511,534,000	517,592	512,446	519,229	528,269,000	521,395	524,141	533,415	549,448,000	547,214	562,681	560,718	549,614,000	534,551	524,983	509,541	496,275,000	466,812	456,025	447,582	459,053	452,361	450,208	454,075	461,560	476,870	475,460	479,805	480,990	475,845	465,294	460,142	462,572	460,700	463,238	466,409	462,622	478,629	481,000	501,264	495,395	506,888	508,756	520,375	516,315	502,611	495,849	503,475	461,532	450,229	421,089	390,802	384,396	346,704	300,749
deferred tax liabilities	37,617	32,100	29,706	28,266,000	32,481	23,509	23,485	25,045,000	24,094	28,462	30,231	26,616,000	23,999	37,166	41,436	48,779,000	10,770	26,524	23,900	23,852,000	35,570	33,489	27,289	28,719	25,429	21,142	17,360	14,214	13,152	14,488	15,993	19,034	20,889	12,947	9,480	7,856	9,980	9,893	2,336	1,356	3,552	6,716	9,955	13,485	3,174
contingent liabilities and commitments
stockholders’ equity
common stock (1 par value) and additional paid-in capital	375,285	366,966	361,741		353,172	345,082	341,314		337,924	332,025	327,823		321,492	316,224	311,891		306,257	301,251	300,978		300,648	190,260	188,773		189,613	188,300	187,139
retained earnings	1,125,293	1,096,023	1,078,378	1,089,484,000	1,080,879	1,064,870	1,060,808	1,070,841,000	1,075,224	1,074,458	1,071,320	1,091,816,000	1,090,938	1,073,788	1,022,456	974,800,000	899,528	819,834	733,973	688,819,000	637,223	589,424	562,445	564,392	571,390	512,467	500,335	514,248	510,068	499,656	484,359	491,698	483,861	479,860	468,844	471,788	461,497	442,163	437,605	455,519	459,644	478,720	467,285	479,733	452,314	394,654	391,447	331,519	284,097	282,666	296,116	353,547	543,238	641,168	645,314	649,598	619,232	543,295
accumulated other comprehensive loss:
foreign currency translation adjustments	-24,156	-18,978	-32,407	-33,386,000	-19,463	-24,305	-23,049	-18,579,000	-24,851	-19,004	-23,258	-23,856,000	-31,778	-16,478	-8,297	-8,917,000	-9,235	-4,992	-6,371	-8,238,000	-16,430	24,362	-24,469	-13,027	-17,577	-12,442	-14,917	-19,505	-13,507	-14,647	-10,609	-8,373	-8,057	-12,198	-15,402	-16,727	-13,576	-11,768	-10,065	-13,360	-10,753	-6,471	-8,714	-2,215	5,350	8,917	12,169		9,250	11,093	7,563	-3,697				4,662	3,077	4,039
net unrealized losses on debt securities investments	-338	-3,594	-4,619	-10,011,000	-4,841	-18,258	-18,762	-16,636,000	-33,770	-26,322	-20,778
treasury stock	-2,666	-2,666	-2,666	-2,666,000	-2,666	-2,666	-2,666	-2,666,000	-2,666	-2,666	-2,666	-2,666,000	-2,666	-2,666	-2,666	-2,666,000	-2,666	-2,666	-2,666	-2,666,000	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-2,666	-4,330	-4,330	-4,097	-4,097	-4,097	-3,914	-3,914	-3,914	-3,905
stockholders’ equity attributable to stewart	1,473,418	1,437,751	1,400,427		1,407,081	1,364,723	1,357,645		1,351,861	1,358,491	1,352,441		1,344,956	1,347,144	1,312,471		1,207,896	1,129,977	1,041,873		943,881	781,105	731,751		753,599	694,987	673,798		670,944	660,308	650,793		665,132	658,553	642,093		650,545	632,777	621,571		635,953	658,926	675,966			609,930		510,654
noncontrolling interests	8,492	8,531	7,436	8,947,000	7,254	6,551	6,498	7,138,000	7,338	7,504	7,311	8,114,000	12,545	12,677	12,317	12,726,000	8,804	6,096	6,025	7,294,000	6,988	6,227	5,324	6,453	6,285	5,840	5,106	6,312	5,790	5,929	5,410	6,599	7,239	7,824	7,007	7,648	7,821	8,199	6,920	7,847	8,192	8,411	6,793	7,268	7,791	11,184	11,566	14,025	13,243	13,123	13,790
total stockholders’ equity	1,481,910	1,446,282	1,407,863	1,411,089,000	1,414,335	1,371,274	1,364,143	1,378,549,000	1,359,199	1,365,995	1,359,752	1,370,265,000	1,357,501	1,359,821	1,324,788	1,294,735,000	1,216,700	1,136,073	1,047,898	1,012,406,000	950,869	787,332	737,075	753,759	759,884	700,827	678,904	679,837	676,734	666,237	656,203	678,810	672,371	666,377	649,100	648,848	658,366	640,976	628,491	637,128	644,145	667,337	682,759	700,453	663,089	621,114	580,372	524,679	463,457	448,333	462,066	493,842	694,959	793,963	799,781	802,262	766,313	697,313
reconciliation of net income to cash from operating activities:
net income	89,248	41,051	5,416	88,156,000	60,944	27,275	6,210	45,598,000	32,494	14,564	-5,218	181,788,000	163,525	128,797	61,912	339,982,000	249,357	155,962	57,122	169,672,000	105,339	45,054	7,374	90,272	87,209	17,541	-4,784	59,022	44,163	23,759	-1,961	60,146	42,076	28,165	6,009	68,421	48,228	18,462	-9,064	4,043	-1,146	9,281	-11,344							-5,150	-42,431
add
depreciation and amortization	45,863	30,472	15,322	61,612,000	46,062	30,582	15,384	62,447,000	46,848	30,434	14,906	57,178,000	42,103	28,037	13,748	36,386,000	22,394	13,249	6,430	19,216,000	13,436	8,292	4,231	22,526	17,458	11,764	5,990	24,932	18,609	12,388	6,234	25,878	19,397	12,819	6,378	30,044	22,728	15,646	8,306	30,298	22,013	14,379	7,105	24,226	17,920	4,358	17,783	13,423	19,542	21,422	28,064	40,959	18,041	30,437	9,885	37,747	33,954	31,025
adjustments for bad debt provisions	2,276	1,565	922		1,991	1,155	818		2,425	1,443	590		812	-157
net realized and unrealized gains	-9,394	-3,780	-3,053												-4,085
amortization of net discount on debt securities investments	-1,065	-631	-527
payments for title losses less than (in excess of) provisions	2,908	3,633														54,744,000			12,234	33,229,000	9,615	1,236										12,937	5,940															10,731
adjustments for insurance recoveries of title losses		-308		208,000	208	208	208	-208,000				220,000	220	220	220	-220,000			-205	228,000				181				1,039				-654
increase in receivables – net	-23,524	-21,409	-15,226	-12,054,000	-22,798	-19,184	-12,674	-5,355,000		-6,692	-13,724					-18,822,000	-20,771	-22,366	-3,513	-6,598,000	-4,290			-2,917	-8,838	-16,865	-5,686			-4,363	-2,123	-6,910	-12,275	-8,999	-3,896				-4,246			-563	-13,476		-5,796		-16,133	-21,261
increase in other assets – net	-21,735	-23,006	-16,619	-17,529,000	-16,796	-11,275	-5,582		-9,581	-5,859	-4,506		-4,343	-6,720	-5,046	-5,931,000	-3,725	-3,327	-7,869	-5,380,000	-1,702	-3,743	-3,813			-1,111	-815		-406	-2,626	-4,853	-4,512	-5,633	-6,526	-666		-1,389	-2,936	-2,583		-1,446	-2,154	-5,527	-1,878	-1,467	-845	-2,779	-4,409						-7,123
increase in accounts payable and other liabilities – net	13,217				3,912																				6,753
change in net deferred income taxes	5,380	33	-24	4,487,000	5,199	360	-5	-6,772,000	-692	585	1,724	293,000	25	515	265	12,721,000	7,024	4,122	2,007	-9,747,000	3,576	2,277	1,495	8,669	5,563	1,185	-252	256	-1,693	-457	-161		8,749	2,329	136		3,159	2,017
net income from equity method investments	-1,683	-812			-1,031	-507			-847	-378	-28		-2,536	-1,860	-736		-6,852	-3,412	-924
dividends received from equity method investments	1,371	1,071	585		848	613	229		1,121	876	680		3,135	2,150	1,167		5,496	1,739	764
stock-based compensation expense	12,956	8,822	3,488	13,564,000	9,593	6,337	2,670	10,920,000	10,310	7,043	2,759	12,282,000	9,239	6,440	2,239	11,966,000	8,494	5,879	3,174	5,751,000	4,234	2,449	887	2,097	3,380	2,057	804	4,809	3,039	1,979	140		2,078	3,372
other – net	328	208	132	681,000	275	184	67	419,000	399	269	200	445,000	312	229	110	-237,000	-325	-47	-34	-91,000	-367	-237	-254	252	28	15	98	404	-61	60	43	483	-46	2	1	7,215	5,502	3,569	3,968	5,668	4,651	108	-270	448	1,287	-33	2,426	1,611						1,681
cash from operating activities	116,146			135,609,000	67,656			83,042,000	43,578			191,860,000	167,040	118,187	34,875	390,291,000	257,317	150,452		275,806,000	140,861			166,359	107,289			84,177	43,733	7,367		108,068	48,048	16,531		122,962	63,986	18,459		80,514	65,597			63,989	87,187		120,522							14,810		99,731	173,508	170,410
investing activities:
proceeds from sales of investments in securities	44,306	36,984	16,009	36,582,000	34,276	20,971	20,874	60,457,000	53,630	39,488	26,772	66,695,000	47,954	28,769	17,650	69,293,000	19,726	14,744	3,051	37,240,000	25,772	15,499	11,796	50,605	20,899	9,952	6,958	49,442	32,500	25,722
proceeds from matured investments in debt securities	67,972	47,792	11,864	94,003,000	78,849	51,775	6,646	71,753,000	58,005	55,250	25,338	37,089,000	28,754	23,521	15,923	74,528,000	68,653	51,034	42,836	58,729,000	46,677	33,096	18,814	48,716	44,685	35,884	20,094	29,631	25,258	10,355	4,603
purchases of investments in securities	-100,565	-72,241	-22,377	-121,498,000	-99,169	-58,368	-23,677	-78,017,000	-72,857	-55,461	-23,965	-207,512,000	-165,130	-117,913	-66,882	-143,925,000	-111,107	-89,198	-47,881	-118,301,000	-75,487	-50,856	-30,703	-77,489	-2,187	-1,263	-561	-43,057	-35,683	-26,220	-8,042
net purchases of short-term investments	-1,312	-2,696	-4,275	-4,736,000	-5,206	-4,781	-4,927		-14,005	-2,838	-2,541														-193				-366				-1,195	-853	-597				-2,302
purchases of property and equipment and other long-lived assets	-46,165	-27,079	-12,314		-28,125	-19,424	-10,218
proceeds from sale of property and equipment and other assets	3,749	2,837	1,537		114	81	8		369	106	49		977	1,033	829
cash paid for acquisition of businesses and related assets	-38,553	-8,523	-7,424		-14,383
increase in notes receivable	-21,718	-6,000	-2,500	-8,320,000	-8,320	-7,320	-6,320		-6,960	-6,360
purchases of cost-basis and other investments	-1,751	-1,418	-909	-31,593,000	-29,810	-29,879	-29,939
cash used by investing activities	-92,042	-29,496	-20,007	-87,263,000	-71,587	-56,271	-47,377	-29,969,000	-36,753	-7,310	-4,812	-300,665,000	-225,343	-111,142	-65,216		-200,668	-173,651	-73,591										-4,081	-7,132	-1,517	-103,897	-66,445	-43,743	-26,916	-56,774	-60,253	-48,389	-40,076	-68,791	-13,186	-13,318	-8,406	-78,557	-78,363	-25,239		-10,586						-27,029		-62,644	-143,004	-167,475
financing activities:
proceeds from notes payable	995	995	995	3,387,000	3,387	3,387	3,387	3,538,000	3,538	3,538	3,521	39,499,000	38,012	5,721	140	1,197,351,000	331,755	181,755	178,975	16,456,000	2,361	404	204	30,464	23,514	20,506	4,454	14,530	9,583	26		56,493	48,043	16,022	875	57,758	24,804	34,578	10,000	52,651	30,196	29,267		120,273	11,146	400	450	2	6,000	5,834	433	47,242	16,913	18,116	7,119	17,307	37,161	34,440
payments on notes payable	-1,115	-1,115	-1,115	-3,378,000	-3,378	-3,378	-3,378	-5,776,000	-5,776	-5,776	-5,589	-76,486,000	-75,505	-44,553	-37,819	-809,816,000	-158,031	-157,662	-154,910	-25,581,000	-11,737	-9,334	-8,223	-27,868	-26,179	-23,139	-7,446	-20,118	-16,767	-5,993	-5,029	-56,467	-18,848	-8,042	-8,382	-60,339	-3,058	-15,101	-1,307	-22,494	-19,325	-17,736	-5,951	-60,838	-12,199	-455	-5,692	-5,235	-5,988	-16,294	-117,190	-27,978	-9,673	-16,903	-7,608	-24,778	-23,821	-13,020
distributions to noncontrolling interests	-10,445	-6,468	-3,850	-13,091,000	-10,313	-7,443	-3,720	-16,135,000	-11,646	-7,549	-3,775	-20,640,000	-14,863	-9,483	-4,568	-16,407,000	-11,683	-7,253	-3,844	-13,944,000	-9,572	-5,957	-3,326	-11,506	-8,578	-5,487	-3,177	-11,631	-8,665	-5,751	-2,928	-11,651	-8,376	-5,300	-2,563	-12,961	-9,430	-5,660	-3,028		-6,861	-3,638	-1,677	-8,986	-9,239	-2,226	-9,512	-6,348	-6,142	-7,122	-7,775
contributions from noncontrolling interests					54	54																			25																							87
repurchases of common stock	-3,565	-3,474	-3,365	-3,844,000	-3,618	-3,517	-3,390	-1,783,000	-1,576	-1,353	-1,271	-3,262,000	-3,168	-2,551	-2,462	-2,252,000	-2,145	-2,002	-1,935	-1,054,000	-826	-468	-393	-532	-481	-471	-379	-1,175	-687	-672	-579	-727				-1,053				-27,950	-27,815	-27,793	-1,393	-22,048
proceeds from stock option and employee stock purchase plan exercises	7,173	2,897	2,897	10,550,000	8,746	3,811	3,583	4,970,000	4,846	1,991	1,991	5,828,000	5,799	2,713	2,492	2,715,000	2,715
cash dividends paid	-42,618	-27,911	-13,942	-53,916,000	-40,035	-26,180	-13,067	-50,523,000	-37,524	-24,531	-12,260	-44,672,000	-32,464	-20,258	-10,119	-36,637,000	-26,558	-17,688	-8,840	-30,226,000	-22,214	-14,198	-7,099	-28,345	-21,257	-14,167	-7,083	-28,263	-21,195	-14,127	-7,061	-28,135	-21,100	-14,065	-7,031	-27,840	-20,800	-13,760	-6,720	-18,010	-11,280	-5,671		-2,334	-2,159		-1,832		-917	-868	-861	-1,711				-12,886	-12,828	-7,852
payment of contingent consideration related to acquisitions	-5,087	-445	-265		-496	-302	-186		-3,025	-2,000			-15,997	-15,997	-6,262
cash used by financing activities	-54,662	-35,521	-18,645	-60,958,000	-45,653	-33,568	-16,771		-51,163	-35,680	-17,383			-84,314			120,171	-9,137				-29,553	-18,837	-37,762	-32,956	-22,758	-13,631	-47,758	-38,833	-27,629	-15,878	-43,595	-2,593	-13,696	-17,919		-22,787	-14,246	-1,295				-8,923		-18,196	-3,746	-18,120	-11,537	-7,034					-18,717	-3,468	-38,122	-15,673
effects of changes in foreign currency exchange rates	2,778	3,319	791	-4,455,000	-9	-1,656	-1,278	1,024,000	-1,044	617	-295	-5,527,000	-8,540	-3,340	-367	-2,153,000	-1,898	195	69	3,337,000	-479	-1,927	-3,510	2,905	1,202	1,994	1,367	-3,810	-1,229	-1,557	-284	3,731	3,964	2,341	827	-141	1,775	2,375	2,898	-7,664	-6,592	-2,718	-3,213	-5,189	-4,877	-787		2,270						6,898	-561
change in cash and cash equivalents	-27,780	-38,197	-67,788		-49,593	-99,960	-95,014		-45,382	-58,328	-73,552		-164,986	-80,609	-89,270		174,922	-32,141	-19,920
cash and cash equivalents at beginning of period	216,298	216,298	216,298		233,365	233,365	233,365		248,367	248,367	248,367		485,919	485,919	485,919		432,683	432,683	432,683		330,609	330,609	330,609		192,067	192,067	192,067		150,079	150,079	150,079		185,772	185,772	185,772		179,067	179,067	179,067		200,558	200,558	200,558			208,538		140,843					109,239	136,137	136,137	134,734	121,383	114,202
cash and cash equivalents at end of period	188,518	178,101	148,510		183,772	133,405	138,351		202,985	190,039	174,815		320,933	405,310	396,649		607,605	400,542	412,763		381,560	310,806	293,599		320,960	201,205	164,507		149,669	121,128	103,474		168,746	147,205	122,575		161,788	137,266	108,753		211,315	164,601	153,146			175,376		177,820					102,900	112,099	104,074	136,137	134,734	121,383
reconciliation of net income to cash provided (used) by operating activities:
decrease in accounts payable and other liabilities – net		-13,408	-18,737			-25,971	-24,444		-24,766	-34,042	-34,656		-81,987	-68,475	-50,808			-15,390	-20,116		1,301	-22,817	-43,165			-11,588	-26,212
cash provided (used) by operating activities		23,501																	47,442			50,110																				5,572						56,830	23,409	41,194
reconciliation of net income to cash used by operating activities:
payments for title losses in excess of provisions			-1,337		-9,053	-11,550	-5,432																-2,809		-11,266	-11,178				-1,175	-488			-1,260	-3,605	-1,056	-4,446	-2,615		-17,154	-5,049	-9,217				-10,119
net (income) income from equity method investments			-269
cash used by operating activities			-29,927			-8,465	-29,588																-11,360				-39,883				-28,926				-19,189				-31,841				-26,870			-3,390									-15,116
investments in debt and equity securities, at fair value:
allowance for credit losses				-7,725,000				-7,583,000				-7,309,000
property and equipment, at cost:
investments in investees, on an equity method basis				4,581,000				4,220,000				4,575,000				4,754,000				6,765,000				6,169				8,590				9,202	9,302	9,536	9,423	9,796	9,625	9,518	9,381	9,628	9,673	9,902	9,800	9,880	9,892	13,206	13,891	14,113	18,055	17,608	12,233	13,685
common stock – 1 par, authorized 51,500,000; issued 28,115,852 and 27,722,388; outstanding 27,763,691 and 27,370,227, respectively				28,117,000
additional paid-in capital				330,604,000				310,728,000				296,861,000				282,376,000				274,857,000				164,217				162,642				159,954				157,176				156,692				179,205	171,915		133,685		132,446	124,413	126,822	125,339				129,960	126,887	125,689
total stockholders’ equity attributable to stewart				1,402,142,000				1,371,411,000				1,362,151,000				1,282,009,000				1,005,112,000				747,306				673,525				672,211				641,200				629,281				693,185	655,298		568,806		450,214	435,210	448,276
adjustments for:
benefit from credit losses on receivables				2,214,000				2,425,000				824,000
net realized and unrealized (gains) losses				-12,937,000	-11,238	-6,524	-7,038									-24,321,000	-17,816	-14,929	-3,274
amortization of net premium on debt securities investments				-792,000				486,000	448	387	230	2,162,000	1,870	1,382	690	3,624,000	2,794	1,904	938	4,261,000	3,280	2,253	1,144	4,939	3,790	2,628	1,353	6,083
payments for title losses (in excess of) less than provisions				-5,010,000				-24,035,000	-26,417	-27,468														-6,585			-7,781	-11,192																-18,803
increase in payables and accrued liabilities – net				13,325,000								-87,502,000				-22,316,000								31,471				-12,002				1,933				-3,888				2,088				-6,854	-8,100		29,278	2,923
net income from equity investees				-1,759,000				-1,071,000				-3,257,000				-9,488,000				-3,504,000	-2,385	-1,356	-645	-3,044	-1,996	-1,047	-374	-1,940	-1,344	-768	-243	-2,163	-1,813	-977	-197	-2,834	-1,933	-1,069	-341	-3,579	-2,904	-2,114
dividends received from equity investees				1,443,000				1,408,000				3,659,000				9,180,000				3,704,000	2,499	1,549	1,235	2,721	1,964	1,220	353	2,551	2,187	985	431	2,493	2,053	1,237	570	2,640	1,912	1,172	581	3,811	3,111	2,099	694	3,582	4,766	1,557	3,426	2,709	2,524	2,996	2,916	2,850	1,293	3,410	925	4,804	4,868	6,002
purchases of property and equipment				-40,468,000				-37,791,000				-47,948,000				-39,799,000				-14,992,000
net cash paid for acquisition of businesses				-14,383,000				-25,100,000				-142,859,000				-599,984,000				-199,537,000
purchase of remaining interest of consolidated subsidiaries												-3,838,000				-5,616,000												-1,101				-1,810				-991				-209				-20	-5,051
payment of acquisition contingent consideration				-720,000				-3,390,000				-19,764,000				-11,560,000
other - net				54,000								115,000	115	94	36	-7,404,000	-777	-777	-777	-311,000	-311			25
net change in cash and cash equivalents				-17,067,000
cash and cash equivalents at beginning of year				233,365,000				248,367,000				485,919,000				432,683,000				330,609,000				192,067				150,079				185,772				179,067				200,558				194,289	208,538		140,843		154,490	116,100	86,246	109,239
cash and cash equivalents at end of year				216,298,000				233,365,000				248,367,000				485,919,000				432,683,000				330,609				192,067				150,079				185,772				179,067				200,558	194,289		208,538		140,843	154,490	116,100	86,246
amortization of net (discount) premium on debt securities investments					-460	-168	-9
cash paid for acquisition of businesses						-8,247			-25,100	-22,400	-21,500		-102,864	-23,310	-17,904		-149,921	-131,906	-52,575		-146,518	-33,417	-1,449						-17,639	-11,978	-11,978		-17,784	-18,080
net income (income) from equity method investments							10
common stock – 1 par, authorized 51,500,000; issued 27,722,388 and 27,482,573; outstanding 27,370,227 and 27,130,412, respectively								27,723,000
net realized and unrealized losses								34,000	4,829	2,883	1,778	1,476,000	14,194	7,820						1,678,000	6,035	6,027	11,091	7,240
decrease (increase) in other assets – net								3,178,000				2,503,000												6,865	2,910			4,469								391				3,073
decrease in payables and accrued liabilities – net								-6,432,000																					-23,480	-26,326	-30,258		-20,482	-18,868	-27,355		-16,027	-20,768	-28,540		-3,147	-10,543	-14,501			-20,690								-29,569
net (purchases) sales of short-term investments								-14,275,000				-7,220,000	-1,632	-189	-60									-639		-58	-456					-2,224					-361	-2,325		-14,664
proceeds from the sale of property and equipment, and other assets								1,057,000				644,000
cash (used) provided by financing activities								-69,099,000				-123,220,000	-98,143		-58,562																					-59,342				-25,550	-35,062	-25,493								-238,790	-88,597
increase in cash and cash equivalents								-15,002,000				-237,552,000				53,236,000				102,074,000	50,951	-19,803		138,542	128,893	9,138		41,988				-35,693				6,705	-17,279			-21,491	10,757			6,269	-14,249		67,695	36,977	-13,647	38,390	29,854	-22,993				1,403	13,351	7,181
investments on equity method basis									4,283	4,073	3,896		4,341	4,650	4,525		21,734	22,051	20,537		6,851	5,976	5,579		5,965	8,455	8,611		8,360	8,985	9,013
decrease in receivables – net									7,007																											7,759	4,386				8,634													3,517
purchases of property and equipment, and real estate									-29,487	-15,495	-8,894		-35,274	-26,226	-12,291		-26,213	-16,430
purchase of remaining interest in consolidated subsidiaries													-72				-5,616	-5,616
reconciliation of net income to cash (used) provided by operating activities:
cash (used) provided by operating activities										-15,955	-51,062															-8,429																									-16,952	-105,158	-46,640
payments for title losses (higher) less than provisions											-15,797
common stock – 1 par, authorized 51,500,000; issued 27,482,573 and 27,245,591; outstanding 27,130,412 and 26,893,430, respectively												27,483,000
accumulated other comprehensive income:
net unrealized gains on debt securities investments												-27,487,000	-33,030	-23,724	-10,913	9,170,000	14,012	16,550	15,959	25,260,000	25,106	-20,275	7,668
payments for title losses less than provisions												9,635,000	10,950	16,902	8,959		39,761	26,222																					101
decrease (increase) in receivables – net												10,154,000	9,521	2,907	6,226							8,792	11,542					5,280	2,020									1,076		13,267				9,397		13,425
issuance of common stock																				108,961,000
cash paid for acquisition of equity method investment													-69	-69	-69		-16,080	-16,080	-16,080
investments in debt and equity securities, at fair value															692,415		700,719	711,398	682,799		650,599	645,347	612,403		599,193	617,349	627,648		662,089	673,333	679,413
benefit from bad debt															14	3,023,000	1,871	846	708	649,000	363	106	154	1,672	889	462	446	519	510	69		207	697	634	366	3,349	1,189	1,098	711	3,023	1,672	1,261	449	1,371	2,170	1,091	3,201	3,010	1,318	4,186	6,526	9,116
statutory reserve funds																523,454,000				496,594,000				483,389				462,229				490,824	475,402	479,155	484,752	485,409	448,813	488,399	473,062	483,312	480,132	474,222	480,530	438,511	450,564	450,155	444,579	428,182	397,074	396,317	386,235	374,508				490,540	449,475	401,814
other																155,760,000				187,793,000				161,650				173,788				218,531	204,280	175,607	171,447	146,094	194,878	147,649	153,301	96,537	73,360	92,561	92,046	141,592	86,779	71,895	58,680	55,598	63,911	54,007	79,969	156,267	187	703	862	78,249	85,802	68,793
common stock – 1 par, authorized 51,500,000; issued 27,245,591 and 27,080,403; outstanding 26,893,430 and 26,728,242, respectively																27,246,000
net sales (purchases) of short-term investments																2,358,000			2,648	3,894,000	2,431	2,763	2,982					392		221						17,468
proceeds from the sale of land, buildings, property and equipment, and real estate																10,682,000				230,000				1,349				82				502				692
cash (used) provided by investing activities																-645,276,000				-231,370,000	-156,093	-38,433	-3,303																								-36,528		-29,219			-158,910			-12,918
cash provided (used) by financing activities																310,374,000			6,160	54,301,000	66,662																							26,026								251,987	3,810					2,378
decrease (increase) in accounts payable and other liabilities – net																	-30,385
net sales of short-term investments																	2,734	2,747																							3,160
proceeds from sale of buildings																	10,552	10,583
issuance of new common stock																					108,961
payment of contingent consideration related to an acquisition																	-9,489	-75														-1,298	-1,298	-1,298		-2,002	-2,002	-2,002
proceeds from stock option exercises																		181	61
purchases of property and equipment, and real estate – net																			-5,721		-10,492	-6,796	-4,781		-11,957	-7,889	-2,735		-8,478	-5,690	-1,993
purchase of remaining interest in consolidated subsidiary																			-2,570										-1,102	-1,112	-281		-1,014	-1,013
common stock – 1 par, authorized 51,500,000; issued 27,080,403 and 24,061,568; outstanding 26,728,242 and 23,709,407, respectively																				27,080,000
decrease (increase) in payables and accrued liabilities – net																				62,738,000
adjustment for insurance recoveries of title losses																					-73	228	173		175	314	380		1,023	1,448	1,198		757	793	409	-173
decrease in cash and cash equivalents																							-37,010				-27,560		-410	-28,951	-46,605		-17,026	-38,567	-63,197			-41,801	-70,314			-35,957	-47,412			-33,162							-6,339	-24,038	-32,063
common stock – 1 par, authorized 51,500,000; issued 24,061,568 and 24,071,508; outstanding 23,709,407 and 23,719,347, respectively																								24,062
net unrealized gains on investments available-for-sale																								10,328				-5,266				7,526				7,846				9,403
purchases of property and equipment, title plants and real estate																								-17,075				-10,675				-16,396				-18,155
net cash paid for acquisition of subsidiaries and other assets
cash provided (used) by investing activities																								7,040	53,358	38,331	24,587	9,379																						235,160	130,190		36,599
net unrealized investment gains on debt securities investments																									12,839	9,328	3,907
investment and other gains – net																									-730	-3,826									-287		-4,706	-1,454	-488		-1,595	-1,540	-1,151				-7,578
investment and other (gains) losses – net																											-3,403	-53	-4,345	-722						666				1,369				-6,744				-5,766
common stock – 1 par, authorized 50,000,000; issued 24,071,508 and 24,071,683; outstanding 23,719,347 and 23,719,522, respectively																												24,072
net cash (paid for acquisition) received from disposal of subsidiaries and other assets																												-18,739				-17,359
cash paid on class b common shares conversion																																				-12,000	-12,000	-12,000
common shares, ...																													185,432	184,301	183,386		182,055	183,350	181,371
net unrealized investment gains on investments available-for-sale																													-8,383	-6,336	-3,677
amortization of net premium on investments available-for-sale																													4,617	3,116	1,587	6,806	5,114	3,421	1,718
payments for title losses (in excess of) lesser than provisions																													-1,106
(adjustment) benefit from bad debt																															-143
investment and other losses (gains) – net																															1,671		1,436												1,066	3,307
proceeds from the sale of investments in securities																															15,366
net sale (purchases) of short-term investments																															63
investments in debt and equity securities available-for-sale, at fair value:
common stock – 1 par, authorized 50,000,000; issued 24,071,683 and 23,783,440; outstanding 23,719,522 and 23,431,279, respectively																																24,072
realized investment and other (gains) losses – net																																-2,207
impairment of goodwill																																								35,749
decrease (increase) in net deferred income taxes																																8,328				7,446				-5,800
stock based compensation expense																																5,303			1,230	2,982	5,093	3,723	1,395	4,445	4,626	3,606	1,044	4,020
proceeds from investments available-for-sale sold																																76,942	55,533	49,655	15,843	81,091	49,666	32,827	11,327	69,280	60,314
proceeds from investments available-for-sale matured																																33,912	33,867	22,834	14,956	27,125	25,562	7,782	260	42,195	40,270
purchases of investments available-for-sale																																-179,732	-125,415	-88,381	-51,981	-166,444	-122,149	-75,771	-44,254	-147,697	-101,503	-97,596	-56,257	-224,714	-160,500	-36,279	-207,690	-138,656	-336,118	-303,517	-369,366	-570,257
unrealized investment gains on investments - net																																	9,939	10,207	9,946		20,067	21,195	15,128		9,453
purchases of property and equipment, title plants and real estate – net																																	-12,411	-9,328	-5,586		-13,615	-11,494	-5,494	-19,658	-13,373	-11,772	-4,979	-19,537	-17,282		-16,752							-32,542
investment and other loss (gains) – net																																		389
common stock – 1 par, authorized 50,000,000; issued 23,783,440 and 22,643,255; outstanding 23,431,279 and 22,291,094, respectively																																				23,783
class b common stock																																								1,050				1,050	1,050		1,050		1,050	1,050	1,050	1,050				1,050
net cash received from disposal (paid for acquisition) of subsidiaries and other assets																																				1,268
other—net																																				86				168				-21	48		87		13
property and equipment, at cost
common and class b common stock and additional paid-in capital																																					185,223	183,853	181,569		180,275	179,296	203,183			193,803		152,900					143,472	140,924	149,487
insurance recoveries of title losses																																					290	538	312	213	763	313	263	17,181	1,914		706	214	5,082	8,260	2,174
cash paid for acquisition of subsidiaries																																					-300				-3,958	-3,958
real estate, at lower of cost or net realizable value																																						517	554	570	584	605	574	600	2,636	3,782	3,941	4,284	5,236	3,266	3,578	3,947				3,658	2,688	1,743
decrease in net deferred income taxes																																							-1,953
common stock – 1 par, authorized 50,000,000; issued 22,643,255 and 23,307,909; outstanding 22,291,094 and 22,955,748, respectively																																								22,643
proceeds from the sale of land, buildings, and furniture and equipment																																								4,214				1,415	2,168	81	4,713	4,991
increases in notes receivable																																								-915				-307	-1,002		-463	-213	-291	-1,109	-1,214	-1,339	-879	-10,870	-7,819	-1,732	-2,654	-2,644
collections on notes receivable																																								1,302				386	2,666		959	663	721	1,001	654	5,061	4,245	1,340	240	1,667	2,779	2,432
cash paid for acquisition of subsidiaries and other – net																																								-3,958				-39,990	-14,921
proceeds from the sale of equity investees and other assets																																												15	3,090
proceeds from the sale of real estate																																												2,105
subsidiary dividends paid to noncontrolling interests																																								-9,706
cash payments for settlement of debt																																													-742	-742
impairment of goodwill and other intangible assets																																									35,867
increase in net deferred income taxes																																									-453	656	-2,222	3,176	16,260	1,276	-39,780	2,525	-1,212	10,544	-1,230	4,518
supplemental information:
changes in financial statement amounts due to the acquisition of a subsidiary:
goodwill acquired																																									7,220	7,220	3,920
receivables and other assets acquired																																									38	38	38			-44
intangible assets acquired
liabilities assumed																																									-3,300	-3,300												-5,477	-5,389	-6,703	-2,543	-7,697
cash paid for acquisition of a subsidiary																																									3,958	3,958	-3,958
deferred tax asset																																										800	800		144	6,844	7,562
unrealized investment gains on investments																																										10,047	16,878	14,770	5,532	15,222	14,415
proceeds from investments available-for-sale matured and sold																																										99,370	56,245	197,195	104,525	15,255	181,938	134,534	339,697	328,460	477,089	668,531
accumulated other comprehensive earnings:
payments for title losses less than (in excess) of provisions																																											12,654
net earnings from equity investees																																											-588	-3,442	-4,137	-1,475	-4,253	-3,264	-1,710	-2,427	-3,134	-1,188	-831	-2,543	-456	-4,340	-6,992	-6,776
convertible senior notes																																													27,119	27,767	64,687	64,644	64,513	64,338	64,163
common stock – 1 par, authorized 50,000,000; issued 23,307,909 and 21,803,179; outstanding 22,955,748 and 21,451,018																																												23,308
reconciliation of net earnings to cash from operating activities:
net earnings																																												38,309	72,584	4,758	118,977	54,384	8,678			-241,860	-53,880	-8,908	-4,762	43,252	88,765	82,518
change in cash and cash equivalents due to sale and deconsolidation of subsidiaries																																															1,566			-1,873
common stock – 1 par, authorized 50,000,000; issued 21,803,179 and 18,705,914; outstanding 21,451,018 and 18,353,753																																													21,803
payments for title losses (in excess of) less than payments																																													-11,280
cash paid for loan guarantee obligation																																																	-4,318
cash and cash equivalents – statutory reserve funds																																														5,688	12,067	15,023
trade and other receivables																																														50,372		55,076
deferred tax liability																																														2,645
reconciliation of net earnings to cash used by operating activities:
purchases of property and equipment and title plants – net																																														-4,259		-14,104
cash paid for acquisitions of subsidiaries and other – net																																														-296		-78
purchase of remaining interest of consolidated subsidiary																																														-723	-1,621	-43		-4,199
retirement of convertible senior notes with issuance of common stock																																														37,095
receipt of partial building ownership in exchange for debt forgiveness																																																1,255
changes in financial statement amounts due to the acquisition of subsidiaries:
liabilities acquired																																														312
deferred income taxes																																															2,645	35,977	27,449	28,236	15,948	11,896		8,008	11,982	14,139	15,784	29,335
common stock – 1 par, authorized 50,000,000; issued 18,705,914 and 18,605,993; outstanding 18,353,753 and 18,253,832																																															18,706
provisions for title losses in excess of (less than) payments																																															15,248		2,383						6,406
proceeds from redemptions of investments – pledged
cash paid for acquisition of subsidiary																																															-1,183		-8,262
cash received (paid) for other assets, cost-basis investments, equity investees and other – net																																															384
payments on line of credit																																																		-216,141	-24,962
effect of changes in foreign currency exchange rates																																															1,821		-803	826	5,213	-10,912	-108			2,438	-1,480	1,868
accumulated other comprehensive earnings																																																28,901					12,346	15,968	8,894
reconciliation of net earnings to cash provided (used) by operating activities:
net cash received (paid) for other assets, cost-basis investments, equity investees and other																																																2,277
settlement of wage and hour litigation through issuance of common stock
settlement of note payable through issuance of common stock held in treasury
receivables
debt assumed
cash and cash equivalents — statutory reserve funds																																																	23,647	9,926	18,129	9,688
common stock — 1 par, authorized 50,000,000; issued 18,605,993 and 17,801,273; outstanding 18,253,832 and 17,325,046																																																	18,606
unrealized investment gains																																																	7,431	2,517	3,397	4,278				3,399	2,551	9,749
investment and other (gains) — net																																																	-2,302
increase in receivables — net																																																	-6,748		-24,833		-5,381			-11,720	-7,858	-1,354
increase in other assets — net																																																	-189				-168		-5,447	-9,330	-16,035
decrease in payables and accrued liabilities — net																																																	-5,602	-11,871	-13,203		-15,157		-31,841
other — net																																																	1,645	2,760	3,385	2,122	2,487		-563	3,314	-1,484	-10,301
proceeds from redemptions of investments — pledged																																																		217,225	24,300
purchases of property and equipment, title plants and real estate — net																																																	-17,704	-16,339	-11,032	-17,968	-6,002		-12,733	-42,021	-33,931	-32,410
proceeds from the sale of land and buildings																																																		6,425
cash (paid) received for other assets, cost-basis investments, equity investees and other — net																																																	-2,944
proceeds from issuance of convertible senior notes																																																			65,000
payments for debt issuance costs related to convertible senior notes																																																			-3,299
investments — pledged, at fair value																																																			202,007	222,684
line of credit, at fair value																																																			202,007	222,684
common stock — 1 par, authorized 50,000,000; issued 17,801,273 and 17,685,976; outstanding 17,325,046 and 17,209,749																																																		17,801
investment and other (gains) losses — net																																																		-21,782
provisions for title losses (less than) in excess of payments																																																		-14,694
decrease (increase) in receivables — net																																																		46,642		11,642
decrease in other assets — net																																																		308
purchases of investments — pledged																																																				-241,525
cash received for other assets, cost-basis investments, equity investees and other — net																																																		4,887
proceeds from line of credit																																																				241,525
proceeds from exercise of stock options and grants																																																			57	569
common stock — 1 par. authorized 50,000,000 and 30,000,000; issued 17,685,976 and 17,585,453; outstanding 17,181,769 and 17,091,775																																																			17,658
investment and other gains — net																																																			-7,002
provisions for title losses in excess of payments																																																			31,276	31,078	9,854	35,670		34,968	45,940	32,433
decrease (increase) in other assets — net																																																			540	11,725
cash paid for acquisitions of subsidiaries — net																																																			-1,165	-55	-357		-5,431	-45,398	-18,149	-65,974
cash received (paid) for cost-basis investments, equity investees and related intangibles — net																																																			10,924
cash received for the sale of real estate																																																				135	199	4,971
purchases of common stock
minority interests																																																				13,227	14,775	16,293	17,192	17,272	18,682	14,482
common stock — 1 par. authorized 30,000,000; issued 17,439,633 and 17,311,505; outstanding 17,422,182 and 17,311,505																																																				17,422
years ended december 31																																																				2,008				2,006	2,005	2,004
reconciliation of net earnings to cash (used) provided by operating activities:
investment and other losses (gains) — net																																																				28,247
increase in payables and accrued liabilities — net																																																				-9,593				-8,244	22,077	15,954
cash paid for cost-basis investments, equity investees and related intangibles — net																																																				-1,493	-689
distributions to minority interests																																																				-7,660	-3,999	-10,891	-2,979	-18,282	-16,549	-12,474
assets acquired:
investments																																																						981	981	13,429
title plants																																																					79,027	76,867	74,119	10,093	4,405	7,048
property and equipment																																																				56	86,411	103,096	101,002	4,829	1,319	7,479
intangible assets																																																					12,986	18,107	20,902	3,995	3,434	11,291
debt issued																																																				-2,173	-854	-5,104	-2,619	-28,923	-24,776
income taxes — net (refund) paid																																																				-1,708
interest paid																																																				5,705				4,613	2,665	971
investments — statutory reserve funds																																																					503,152		503,192
investments — other																																																					83,721		65,188
receivables — premiums from agencies																																																					37,968		49,150
receivables — income taxes																																																					54,520
receivables — other																																																					50,853		57,299
impairment of other assets																																																					6,011
realized investment and other losses (gains) — net																																																					4,709
deferred income tax benefit																																																					-16,755
purchases of investments																																																					-418,831	-294,447	-86,763	-405,942	-679,026	-470,777
proceeds from investments matured and sold																																																					458,913	316,593	102,119	435,529	580,925	405,689
proceeds from exercises of stock options																																																					569
investments – statutory reserve funds																																																						505,998
investments – other																																																						101,508
receivables – premiums from agencies																																																						48,940
receivables – other																																																						72,746
benefit from deferred income taxes																																																						-9,695		-4,232	-9,158	7,391
realized investment gains																																																						-11,950	-4,222	-4,727
cash paid for cost-basis investments, equity investees and related intangibles																																																						-2,410	-2,531
cash paid for acquisitions of subsidiaries – net																																																						-9,664
stock purchases																																																						-9,472
proceeds from exercise of stock options																																																						433		517	364	1,284
less allowance for uncollectible amounts																																																							-8,330	-9,112	-8,526	-7,430
benefit from deferred taxes																																																							-2,725
decrease in receivables — net																																																							14,865
minority interest expense																																																							2,819	18,239	19,431	13,518
investments in debt and equity securities, at market:
less accumulated depreciation and amortization																																																								-208,179	-182,415	-159,387
investments in investees, on an equity basis																																																								17,139	16,387	19,814
notes payable, including 92,469 and 70,396 long-term portion																																																								109,549
common stock — 1 par, authorized 30,000,000, issued and outstanding 17,507,087 and 17,430,304																																																								17,507
proceeds from sale of equity investees																																																									10,002
cash paid for equity investees and related intangibles — net																																																								-4,747	-2,950	-3,791
income taxes paid																																																								43,897	51,652	47,436
notes payable, including 70,396 and 39,866 long-term portion																																																									88,413
common – 1 par, authorized 30,000,000, issued and outstanding 17,430,304 and 17,396,209																																																									17,430
class b common – 1 par, authorized 1,500,000, issued and outstanding 1,050,012																																																									1,050
note: reconciliation of net earnings to the above amounts
notes payable, including 39,866 and 17,329 long-term portion																																																										49,930
common — 1 par, authorized 30,000,000, issued and outstanding 17,396,209 and 17,301,687																																																										17,396
class b common — 1 par, authorized 1,500,000, issued and outstanding 1,050,012																																																										1,050
assets acquired

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