Stewart Information Services Corporation
(NYSE:STC)

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is inv...

Website: http://www.stewart.com

Founded: 1893

Full Time Employees: 5,300

Sector: Financial Services

Industry: Insurance-Property & Casualty

Insurance

Share this website to your friends

• Market Cap:

• Exchange:

• Shs Outstanding:

• Employees:

• Beta:

• Return on Equity (ROE) ttm:

• Return on Assets (ROA) ttm:

• EPS ttm:

• Book value per Share:

• Cash per Share:

• Current ast per Share:

• P/E ttm:

• P/E forward:

• P/E ttm high:

• P/E ttm low:

• P/S ttm:

• P/B ttm:

• P/FCF ttm:

• PEG ratio:

• Cash Ratio ttm:

• Quick Ratio ttm:

• Current Ratio ttm:

• Gross Mgn ttm:

• EBITDA Mgn ttm:

• Operating Mgn ttm:

• Net Income Mgn ttm:

• Trailing Div yield:

• Forward Div yield:

• Payout Ratio ttm:

• Ex-Dividend date:

• Target Price High:

• Target Price Low:

• Target Price Mean:

• Number of Analysts:

• Debt Ratio ttm:

• Debt to Equity ttm:

• Total Net Debt:

At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	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	2014-03-31	2013-03-31	2012-12-31	2012-03-31	2011-12-31	2011-03-31	2010-12-31

revenues
direct title revenues	270,177	1,156,655,369	299,690	291,262	231,680
agency title revenues	333,006	1,261,639,011	360,186	301,285	267,518
real estate solutions	161,371	437,928,666	116,607	112,650	97,077	67,890.25	96,346	92,198	83,016
operating revenues	764,554	2,856,223,046	776,483	705,197	596,275	2,420,339,584	649,601	588,438	534,376	2,210,592,113	590,267	538,136	519,484	3,045,938,938	717,615	849,239	845,209	3,262,302,822	829,787	802,025	681,367	2,269,959,794	590,676	506,756	445,774	512,712	507,851	466,498	390,392	469,220	499,236	485,229	434,197	517,267	498,049	481,187	438,081
investment income	13,851	57,732,267	14,819	16,257	12,656	55,329,167	13,626	14,306	12,901	45,102,886	13,393	12,123	6,599	22,405,481	5,158	6,739	3,622	16,841,873	4,053	5,130	3,945	18,592,470	5,027	4,285	5,218	5,164	4,752	5,155	4,724	5,005	4,781	5,247	4,704	4,753	4,567	4,941	4,671	4,480	4,520	4,856	5,070	4,115	4,121	4,665	3,949	3,858	3,643		3,128		3,861
net realized and unrealized gains	2,902	5,549,606	5,614	727	3,053	12,925,762	4,714	-514	7,038				-1,778	-1,461,806	-6,374	-11,905	4,085	24,303,184	2,887	11,654	3,274	-1,671,965	-7	5,064	-11,091
expenses
amounts retained by agencies	276,142	1,046,886,988	299,523	252,112	221,377	864,172,917	233,980	200,126	199,976	812,922,502	218,983	171,776	205,738	1,207,355,445	280,517	339,847	331,191	1,299,495,139	329,906	322,020	283,935	943,820,862	231,051	228,720	199,366	222,670	208,973	191,091	176,494	155,991.75	224,966	203,793	195,207	231,908	221,460	192,558	191,175	227,107	231,586	183,485	183,844	201,953	227,374	204,437	175,800	174,679	187,065		162,548		158,447
employee costs	221,098	829,988,760	211,221	208,209	185,811	744,859,013	193,862	179,708	172,417	712,259,290	181,493	182,666	170,551	801,390,714	195,057	210,246	204,982	776,412,549	197,587	188,467	169,397	612,766,183	155,638	137,528	135,652	154,206	143,815	139,896	129,256	139,080	138,288	146,278	138,822	146,994	140,054	139,346	139,785	147,187	154,529	152,427	150,209	159,668	165,024	171,078	162,495	139,784	136,830		128,233		117,926
other operating expenses	217,517	714,106,395	185,165	173,527	160,911	603,514,110	155,646	152,291	136,951	507,320,470	130,455	129,333	120,743	647,519,034	151,208	162,008	189,751	626,346,136	152,587	137,796	125,482	374,942,997	98,531	74,613	71,858	94,319	87,826	86,051	77,155	88,278	90,810	85,953	80,267	95,918	88,489	88,786	78,318	95,776	94,043	86,458	87,711	95,401	99,758	98,022	88,775	67,737	63,797		64,863		59,129
title losses and related claims	18,442	81,609,299	19,546	21,454	17,702	80,351,246	21,282	21,090	17,383	80,222,273	22,251	19,802	17,674	102,651,895	25,486	26,398	29,221	126,150,313	30,345	33,569	28,773	115,155,400	28,427	21,541	18,632	28,891	21,059	18,786	15,686	12,333	21,503	18,697	18,981	25,941	25,428	24,462	20,701	24,535	26,365	17,153	23,093	27,672	25,883	19,577	33,134	22,767	23,563		31,387		31,200
depreciation and amortization	16,855	61,024,137	15,391	15,150	15,322	61,565,938	15,480	15,198	15,384	62,400,152	16,414	15,528	14,906	57,135,897	14,067	14,288	13,748	36,363,606	9,144	6,819	6,430	19,202,564	5,144	4,061	4,231	5,068	5,694	5,775	5,990	6,323	6,221	6,154	6,234	6,481	6,578	6,441	6,378	7,316	7,082	7,340	8,306	8,285	7,633	7,274	7,105	4,395	4,358		4,524		4,830
interest	7,628	20,429,188	4,898	4,953	4,961	19,899,232	4,899	4,812	5,058	19,722,223	5,054	4,875	4,849	18,389,529	4,553	4,507	4,412	5,029,040	712	682	567	2,621,925	562	622	892	972	1,080	1,124	1,164	1,153	1,076	673	974	966	963	712	817	825	797	661	779	571	601	486	438	662	954		1,364		1,278
expenses - sum	757,682	2,754,044,767	735,744	675,405	606,084	2,374,362,456	625,149	573,225	547,169	2,194,846,910	574,650	523,980	534,461	2,834,442,514	670,888	757,294	773,305	2,869,796,783	720,281	689,353	614,584	2,068,509,931	519,353	467,085	430,631	506,126	468,447	442,723	405,745	450,246	482,864	461,548	440,485	508,208	482,972	452,305	437,174	502,746	514,402	447,524	453,942	493,432	562,140	500,874	467,747	410,024	416,567		392,919
income before taxes and noncontrolling interests	23,625	165,460,152	61,172	46,776	5,900	114,232,057	42,792	29,005	7,146	60,818,918	27,064	25,174	-10,156	232,440,099	45,511	86,779	79,611	433,651,096	116,446	129,456	74,002	218,370,368	76,343	49,020	9,270	3,780	91,061	29,352		19,687	24,776	31,321	-3,255	17,455	18,597	33,147	5,865	23,019	38,808	41,913		3,104	-5,568	31,032							-6,393
income tax expense	-4,556	-35,386,400	-12,975	-11,141	-484	-26,137,001	-9,123	-7,940		-15,253,412	-9,134	-5,392		-50,815,624	-10,783	-19,894	-17,699	-93,918,453	-23,051	-30,616	-16,880	-48,803,707	-16,058	-11,340		52,673	-21,393	-7,027		4,828	4,371	5,602		-615	4,686	10,993		2,826	9,041	14,386		-2,085	4,859	10,407		-7,958	2,389		2,823
net income	19,069	130,073,752	48,197	35,635	5,416	88,095,056	33,669	21,065	6,210	45,565,506	17,930	19,782	-5,218	181,624,475	34,728	66,885	61,912	339,732,643	93,395	98,840	57,122	169,566,661	60,285	37,680	7,374	3,063	69,668	22,325	-4,784	14,859	20,405	25,719	-1,961	18,070	13,911	22,154	6,009	20,193	29,767	27,527	-9,064	5,189	-10,427	20,625	-11,344				-10,755		-9,524
yoy	252.09%	47.65%	43.15%	69.17%	-12.79%	93.34%	87.78%	6.49%	-219.01%	-74.91%	-48.37%	-70.42%	-108.43%	-46.54%	-62.82%	-32.33%	8.39%	100.35%	54.92%	162.31%	674.64%	5535866.73%	-13.47%	68.78%	-254.14%	-79.39%	241.43%	-13.20%	143.96%	-17.77%	46.68%	16.09%	-132.63%	-10.51%	-53.27%	-19.52%	-166.30%	289.15%	-385.48%	33.46%	-20.10%				5.48%
qoq	-99.99%	269779.35%	35.25%	557.96%	-99.99%	261550.35%	59.83%	239.21%	-99.99%	254029.98%	-9.36%	-479.11%	-100.00%	522891.46%	-48.08%	8.03%	-99.98%	363658.92%	-5.51%	73.03%	-99.97%	281175.05%	59.99%	410.98%	140.74%	-95.60%	212.06%	-566.66%	-132.20%	-27.18%	-20.66%	-1411.52%	-110.85%	29.90%	-37.21%	268.68%	-70.24%	-32.16%	8.14%	-403.70%	-274.68%	-149.77%	-150.56%	-281.81%
less net income attributable to noncontrolling interests	2,105	14,618,010	3,938	3,713	2,339	14,835,625	3,573	3,722	3,080	15,148,130	3,931	3,967				5,225	4,015	16,754,361	4,732	4,021	2,886	14,756,893	4,376	3,534	2,197	3,096	3,560	3,019	1,982	3,487	2,851	3,342	1,819	3,012	2,967	3,586	1,922	3,493	3,392	3,928	2,130	2,584	3,040	3,519
net income attributable to stewart	16,964	115,455,742	44,259	31,922	3,077	73,259,431	30,096	17,343	3,130	30,417,376	13,999	15,815	-8,190	162,156,009	29,434	61,660	57,897	322,978,282	88,663	94,819	54,236	154,809,768	55,909	34,146	5,177	-33	66,108	19,306		11,372	17,554	22,377	-3,780	15,058	10,944	18,568	4,087	16,700	26,375	23,599		2,605	-13,467	17,106							-10,293
other comprehensive income, net of taxes	-5,451	21,470,097	-1,922	14,454																																								-4,588
foreign currency translation adjustments	-2,641	11,512,770	-5,178	13,429	979	-14,806,116	4,842	-1,256	-4,470	5,277,995	-5,847	4,254	598	-14,916,139	-15,300	-8,181	620	-678,003	-4,243	1,379	1,867	4,792,404	3,844	4,194	-11,442	4,550	-5,135	2,475	4,588	-5,998	1,140	-4,038	-1,592	-316	4,141	3,204	1,325	-3,151	-1,808	-1,703	3,295	-2,134.5	-4,282	2,243
change in net unrealized gains and losses on investments	-2,819	8,425,837	3,073	734	5,356	5,510,147	13,015	114	-2,276	10,467,616	-7,468	-5,765	6,617	-35,374,487	-8,921	-12,694	-19,898	-13,639,670	-2,183	1,009	-9,156	15,427,945	920	16,715	-2,580	-2,801	3,603	5,371	9,011	-3,086	-1,910	-2,428	-8,006
reclassification adjustments for realized gains and losses on investments	9	127.5	183	291	36	235.5	402	390	150	83.25	20	221	92	-171.75	-385	-117	-185
comprehensive income	13,618	151,543,849	46,275	50,089	11,787	79,902,145	51,928	20,313	-386	61,700,784	4,635	18,492	2,089	130,093,536	10,122	45,893	42,449	322,975,888	86,614	100,810	49,688	189,276,286	64,874	58,568	-6,728	5,102	68,044	30,221	8,977	11,978	19,498	19,022	-11,808	15,341	17,784	25,619	9,434	4,821	26,831	31,891		2,532	-15,303	16,037
comprehensive income attributable to stewart	11,513	136,925,839	42,337	46,376	9,448	65,066,520	48,355	16,591		46,552,654	704	14,525	-883	110,625,070	4,828	40,668	38,434	306,221,527	81,882	96,789	46,802	174,519,393	60,498	55,034	-8,925	2,006	64,484	27,202	6,995	8,491	16,647	15,680	-13,627	12,329	14,817	22,033	7,512	1,328	23,439	27,963		-52	-18,343	12,518
basic average shares outstanding	30,297	28,041,078	28,004	27,931	27,828	27,600,408	27,688	27,592	27,512	27,265,731	27,348	27,255	27,201	27,027,969	27,113	27,018	26,960	26,795,197	26,873	26,798	26,736	24,768,849	25,148	23,656	23,638	3	23,616	23,614		6	23,556	23,546	23,508	3	23,448	23,444	23,433	2	23,371	23,365		-87	23,286	23,624
basic earnings per share attributable to stewart	0.56	1.28	1.58	1.14	0.11	0.82	1.09	0.63	0.11	0.33	0.51	0.58	-0.3	0.49	1.09	2.28	2.15	3.18	3.3	3.54	2.03	2.31	2.22	1.44	0.22		2.8	0.82		0.48	0.75	0.95	-0.16	0.65	0.47	0.79	0.17	0.71	1.13	0.5		0.11	-0.58	0.72
diluted average shares outstanding	30,809	174	28,491	28,330	28,341	60	28,200	28,013	28,027	75	27,650	27,444	27,201	-12	27,371	27,293	27,444	78	27,238	27,123	26,984	657	25,297	23,756	23,749	-27	23,773	23,758		8	23,699	23,625	23,508	26	23,564	23,620	23,569	-124	23,611	23,559		-87	23,286	23,795
diluted earnings per share attributable to stewart	0.55	1.26	1.55	1.13	0.11	0.81	1.07	0.62	0.11	0.32	0.51	0.58	-0.3	0.49	1.08	2.26	2.11	3.12	3.26	3.5	2.01	2.29	2.21	1.44	0.22		2.78	0.81		0.48	0.74	0.95	-0.16	0.63	0.46	0.79	0.17	0.72	1.12	0.49		0.11	-0.58
other comprehensive income, net of taxes:					6,371	2,727.75	18,259	-752	-6,596			-1,290	7,307			-20,992		-3,061.25	-6,781	1,970		2,843.75	4,589	20,888	-14,102	5,008.25	-1,624	7,896	13,761	-4,362.75	-907	-6,697	-9,847	2,690.75	3,873	3,465	3,425	2,612	-2,936	4,364
title revenues:
direct operations						1,019,643,226	270,706	255,480	210,588	961,951,758	256,377	257,994	207,871	1,245,281,636	307,408	351,122	317,834	1,421,244,902	366,091	353,502	279,504	1,037,155,389	280,114	218,214	198,283	235,259	245,068	227,883	161,247	210,314	213,134	224,240	185,512	226,471	216,830	231,662	187,428	230,185	241,109	237,017	186,002	227,020	240,448	241,462	188,188	149,689	158,544		151,634		139,230
agency operations						1,042,408,919	282,549	240,760	240,772	985,265,524	265,700	208,755	249,021	1,465,088,454	340,470	409,931	404,145	1,581,501,977	401,762	390,330	345,932	1,150,227,978	282,605	277,387	242,030	270,705	254,155	230,817	214,863	246,973	272,875	247,257	236,854	280,055	268,545	234,407	233,349	277,477	282,269	225,416	224,635	243,289	282,023	251,208	214,812	213,673	227,662		196,321		191,809
income tax benefit									-936				4,938												-1,896				2,442				-1,294				-144				-6,648				-7,531						3,131
comprehensive loss attributable to stewart									-3,466																																-2,174				-16,839				-5,903		-10,682
real estate solutions and other										263,374,831	68,190	71,387	62,592	335,568,848	69,737	88,186	123,230
net realized and unrealized losses										-1,207.25	-1,946	-1,105
other comprehensive loss, net of taxes:										-1,819.5	-13,295			-16,265.25	-24,606		-19,463				-7,434
less income attributable to noncontrolling interests													2,972	3,633.5	5,294
ancillary services																		259,555,943	61,934	58,193	55,931	82,576,427	27,957	11,155	5,461	6,748	8,628	7,798	14,282	11,933	13,227	13,732	11,831	10,741	12,674	15,118	17,304	18,995	22,059	21,182	22,035
reclassification adjustment for realized gains and losses on investments																		-2,439,082	-355	-418	-145	-510,724	-175	-21	-80
investment and other gains – net																										12,682.5	46,905	422	3,403	-4,292	3,623	2,393	-1,671	-359	-1,047	-676	287	-5,372	3,253	966	488	-2,964	56	389	1,151	140	-3,307		1,445
reclassification adjustment for net losses included in net income																										30	-92	50	162
loss before taxes and noncontrolling interests																													-7,226												-15,712				-18,875				-7,932
net loss attributable to stewart																													-6,766												-11,194				-12,448				-12,157
basic and diluted average shares outstanding																													23,595												23,348				23,990	22,506	20,958		19,256		18,829
basic and diluted loss per share attributable to stewart																													-0.29												-0.48
reclassification adjustment for net gains included in net income																														-305	-137	-231	-249
change in net unrealized gains on investments																																		721.25	63	355	2,467	2,927	-263	6,182	5,789
reclassification of adjustment for gains included in net income																																		-198	-331	-94	-367	-261	-865			-305.25	-439	-131
title insurance:
title insurance: - sum																																						525,765	553,210	489,437	438,230	496,536	556,572	531,906	448,872	391,438	423,714		384,987
impairment of goodwill
reclassification of adjustment for gains included in net loss																																								-115	-64
other comprehensive income, net of taxes: - sum																																									9,020	-3,463.75	-4,876
comprehensive loss																																									-44				-15,735						-9,913
mortgage services																																										25,076	29,924	34,182	40,772	24,078	37,172
impairment of goodwill and other intangible assets																																										8,966.75	35,867
change in unrealized gains on investments																																										355	-155	-6,700	2,759	6,402	1,634
dilutive earnings per share attributable to stewart																																												0.72
less net earnings attributable to noncontrolling interests																																													1,104	1,478	1,551		1,402		769
other comprehensive earnings, net of taxes:
foreign currency translation																																													-6,499	-4,140	-4,246		3,495
reclassification of adjustment for gains included in net earnings																																													-651	-202	-392
other comprehensive earnings, net of taxes																																													-4,391	1,622	-2,445
less comprehensive earnings attributable to noncontrolling interests																																													1,104	1,478	1,551				769
basic and dilutive loss per share attributable to stewart																																													-0.52				-0.63		-0.55
earnings before taxes and noncontrolling interests																																														-18,586	7,147
net earnings																																														-10,628	4,758
net earnings attributable to stewart																																														-12,106	3,207
other comprehensive earnings:
other comprehensive earnings, before taxes																																														2,060	-3,004
income tax expense related to items of other comprehensive earnings																																														438
comprehensive earnings																																														-9,006	2,313
comprehensive earnings attributable to stewart																																														-10,484	762
basic and diluted earnings per share attributable to stewart																																														-0.54	0.15
income tax benefit related to items of other comprehensive earnings																																															-559
real estate information																																																	32,459		31,385
other comprehensive income:
change in unrealized gains and losses																																																	3,528
reclassification adjustment for gains included in net income																																																	-769
comprehensive income, before taxes																																																	6,254
income tax expense related to items of comprehensive income
other comprehensive income, net of tax																																																	6,254
investment and other gains — net																																																			132
comprehensive loss:
other comprehensive earnings, net of taxes of 1,161 and 1,484																																																			-389

Balance Sheets:

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	2009-09-30	2009-06-30	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		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			169,688		162,797		144,564				76,558	102,900		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		21,288	20,560	19,233		22,692	23,064	23,473		23,954	23,642	24,400		23,434	23,092	22,836		40,068	42,032	42,009		21,882	22,666	25,289			36,146		37,052		33,457				37,120	57,212		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		32,749	29,342	24,591		31,869	32,347	29,421		31,656	30,242	28,173		33,754	34,603	32,253		33,402	34,390	33,627		37,404	37,262	34,891			36,511		45,462		45,399				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		47,287	38,196	34,515		46,990	52,471	46,382		44,470	50,282	48,378		52,055	50,023	42,334		46,017	47,451	47,221		53,099	60,716	71,594
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		2,110	1,514	3,131		1,791	4,304	1,982		559	2,477	5,836		3,085	1,223	7,008		1,767	2,516	9,945		1,191	4,091	9,593			3,899		9,721		651				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		1,591	2,247	2,425		3,109	2,889	2,935		3,594	3,088	3,154		3,761	3,702	3,145		2,605	2,702	2,933		4,254	4,343	4,471			5,314		8,681		10,747				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		-4,456	-4,442	-4,567		-4,401	-4,025	-4,450	1,023	-4,925	-4,842	-4,808	1,133	-8,555	-9,108	-9,691	3,454	-8,714	-8,981	-9,256	3,524	-8,883	-8,750	-8,933	3,379	3,521	-10,443	4,575	-13,308	5,784	-19,438				-17,504	-12,352	2,998
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	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		5,524	5,524	5,524			5,848		5,848		6,445				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		22,423	22,433	22,193		21,440	21,498	21,552		23,018	22,806	22,935		22,835	22,771	22,688		22,621	22,681	22,829		26,337	26,426	26,287			26,759		26,841		23,769				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		174,079	169,591	168,391		209,488	218,726	216,901		234,405	233,154	231,356		230,308	226,536	223,700		223,639	225,643	219,062		226,852	225,515	218,582			243,836		239,117		250,355	278,716	278,716	278,716	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		-148,490	-145,187	-142,301		-178,577	-186,439	-184,773		-196,943	-193,128	-189,857		-188,105	-183,179	-178,539		-177,254	-176,778	-171,579		-186,238	-181,046	-175,654			-221,535		-216,586		-219,000	-231,990	-231,990	-231,990	-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		110,038	100,353	94,922		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		72,850	72,650	72,627		74,737	74,737	74,737		74,737	74,237	74,237		74,237	75,313	75,313		75,313	75,743	75,743		76,083	76,083	76,083			78,051		77,947		77,397				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		382,235	279,857	249,946		248,890	248,890	248,890		247,190	242,736	242,736		231,428	234,667	217,094		217,921	217,722	217,722		218,652	253,239	255,620			220,983		216,744		206,861				210,901	209,879		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		22,002	3,843	4,495		6,303	7,340	8,518		10,843	11,138	12,301		10,673	9,317	9,975		14,307	15,209	16,622		20,061	22,680	24,474			6,648		7,400		8,228				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		4,451	4,407	4,407		4,592	4,575	4,575		4,186	4,222	4,187		3,856	3,865	3,863		2,875	2,768	2,737		571
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		38,058	39,732	39,268		39,967	44,007	43,942		49,576	50,408	52,609		48,458	49,725	43,801		46,070	46,147	45,791		46,455	48,435	52,083			59,008		57,866		49,324	58,416	58,416	58,416	65,956	103,986		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	27,133,000	101,256	101,702	102,613	27,841	105,371	105,404	105,043	24,833	106,440	107,657	108,595	20,902	138,557	116,331	100,845	20,895	131,135	127,690	115,905	20,200	82,051	82,711	65,229	12,727	12,390	6,426	23,681	6,490	23,533	8,784				135,276	116,799	4,045	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		143,207	108,394	84,974		103,886	85,436	71,621		97,233	94,057	90,932		95,283	97,095	88,401		99,551	94,788	91,307		109,931	102,111	97,593			95,947		89,753		95,666	92,376	92,376	92,376	110,769	93,501		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		122,475	113,292	108,333		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		466,812	456,025	447,582		452,361	450,208	454,075		476,870	475,460	479,805		475,845	465,294	460,142		460,700	463,238	466,409		478,629	481,000	501,264			508,756		516,315		495,849	445,619	445,619	445,619	461,532	450,229		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		35,570	33,489	27,289		25,429	21,142	17,360		13,152	14,488	15,993		20,889	12,947	9,480		9,980	9,893	2,336		3,552	6,716	9,955
contingent liabilities and commitments
stockholders’ equity																				4,868,000				6,341				6,292				9,023				9,483				7,213				7,665	5,561		12,758		12,524							19,143
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		637,223	589,424	562,445		571,390	512,467	500,335		510,068	499,656	484,359		483,861	479,860	468,844		461,497	442,163	437,605		459,644	478,720	467,285			394,654		331,519		282,666	311,527	311,527	311,527	353,547	543,238		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		-16,430	24,362	-24,469		-17,577	-12,442	-14,917	3,194	-13,507	-14,647	-10,609	925	-8,057	-12,198	-15,402	4,238	-13,576	-11,768	-10,065	5,220	-10,753	-6,471	-8,714	411	-2,726	8,917	-5,753		-4,999	11,093				-3,697		-5,293		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	-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				-4,097	-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			448,254	448,254	448,254
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		6,988	6,227	5,324		6,285	5,840	5,106		5,790	5,929	5,410		7,239	7,824	7,007		7,821	8,199	6,920		8,192	8,411	6,793			11,184		14,025		13,123
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		950,869	787,332	737,075		759,884	700,827	678,904		676,734	666,237	656,203		672,371	666,377	649,100		658,366	640,976	628,491		644,145	667,337	682,759			621,114		524,679		448,333	461,321	461,321	461,321	493,842	694,959		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	7,101,000	105,339	45,054	7,374	6,231	87,209	17,541	-4,784	4,729	44,163	23,759	-1,961	4,997	42,076	28,165	6,009	6,542	48,228	18,462	-9,064	8,830	-1,146	9,281	-11,344							-5,150
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		13,436	8,292	4,231		17,458	11,764	5,990		18,609	12,388	6,234		19,397	12,819	6,378		22,728	15,646	8,306		22,013	14,379	7,105			4,358		13,423		21,422				40,959	18,041		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		9,615	1,236											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
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		-4,290				-8,838	-16,865	-5,686			-4,363	-2,123		-12,275	-8,999	-3,896				-4,246			-563	-13,476					-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		-1,702	-3,743	-3,813			-1,111	-815		-406	-2,626	-4,853		-5,633	-6,526	-666		-1,389	-2,936	-2,583		-1,446	-2,154	-5,527			-845		-4,409
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		3,576	2,277	1,495		5,563	1,185	-252		-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		4,234	2,449	887		3,380	2,057	804		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		-367	-237	-254		28	15	98		-61	60	43		-46	2	1		5,502	3,569	3,968		4,651	108	-270			-33		1,611
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			140,861				107,289				43,733	7,367			48,048	16,531			63,986	18,459			65,597																	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		25,772	15,499	11,796		20,899	9,952	6,958		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		46,677	33,096	18,814		44,685	35,884	20,094		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		-75,487	-50,856	-30,703		-2,187	-1,263	-561		-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		-66,445	-43,743	-26,916		-60,253	-48,389	-40,076		-13,186	-13,318	-8,406			-25,239		-10,586										-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		2,361	404	204		23,514	20,506	4,454		9,583	26			48,043	16,022	875		24,804	34,578	10,000		30,196	29,267				400		2		5,834				47,242	16,913		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		-11,737	-9,334	-8,223		-26,179	-23,139	-7,446		-16,767	-5,993	-5,029		-18,848	-8,042	-8,382		-3,058	-15,101	-1,307		-19,325	-17,736	-5,951			-455		-5,235		-16,294				-27,978	-9,673		-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		-9,572	-5,957	-3,326		-8,578	-5,487	-3,177		-8,665	-5,751	-2,928		-8,376	-5,300	-2,563		-9,430	-5,660	-3,028		-6,861	-3,638	-1,677			-2,226		-6,348		-7,122
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		-826	-468	-393		-481	-471	-379		-687	-672	-579										-27,815	-27,793	-1,393
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		-22,214	-14,198	-7,099		-21,257	-14,167	-7,083		-21,195	-14,127	-7,061		-21,100	-14,065	-7,031		-20,800	-13,760	-6,720		-11,280	-5,671								-868				-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		-32,956	-22,758	-13,631		-38,833	-27,629	-15,878		-2,593	-13,696	-17,919		-22,787	-14,246	-1,295				-8,923			-3,746		-11,537									-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		-479	-1,927	-3,510		1,202	1,994	1,367		-1,229	-1,557	-284		3,964	2,341	827		1,775	2,375	2,898		-6,592	-2,718	-3,213			-787		2,270									-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	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		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		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		-4,446	-2,615			-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																	9,302	9,536	9,423		9,625	9,518	9,381		9,673	9,902	9,800			13,206		14,113		17,608				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																																		124,413				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																																		435,210
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		3,280	2,253	1,144		3,790	2,628	1,353
payments for title losses (in excess of) less than provisions				-5,010,000				-24,035,000	-26,417	-27,468																	-7,781
increase in payables and accrued liabilities – net				13,325,000								-87,502,000				-22,316,000																																2,923
net income from equity investees				-1,759,000				-1,071,000				-3,257,000				-9,488,000					-2,385	-1,356	-645		-1,996	-1,047	-374		-1,344	-768	-243		-1,813	-977	-197		-1,933	-1,069	-341		-2,904	-2,114
dividends received from equity investees				1,443,000				1,408,000				3,659,000				9,180,000					2,499	1,549	1,235		1,964	1,220	353		2,187	985	431		2,053	1,237	570		1,912	1,172	581		3,111	2,099	694			1,557		2,709		2,996				2,850	1,293		925	4,804	4,868	6,002
purchases of property and equipment				-40,468,000				-37,791,000				-47,948,000				-39,799,000
net cash paid for acquisition of businesses				-14,383,000				-25,100,000				-142,859,000				-599,984,000
purchase of remaining interest of consolidated subsidiaries												-3,838,000				-5,616,000
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
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																																		116,100				109,239
cash and cash equivalents at end of year				216,298,000				233,365,000				248,367,000				485,919,000																																		154,490				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							6,035	6,027	11,091
decrease (increase) in other assets – net								3,178,000				2,503,000													2,910
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
net (purchases) sales of short-term investments								-14,275,000				-7,220,000	-1,632	-189	-60											-58	-456										-361	-2,325
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																										-35,062	-25,493								-238,790
increase in cash and cash equivalents								-15,002,000				-237,552,000				53,236,000					50,951	-19,803			128,893	9,138											-17,279				10,757							36,977		38,390				-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																												4,386				8,634
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																												-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		25,106	-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						2,020									1,076								13,425
issuance of common stock
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		363	106	154		889	462	446		510	69			697	634	366		1,189	1,098	711		1,672	1,261	449			1,091		3,010		4,186				9,116
statutory reserve funds																523,454,000																	475,402	479,155	484,752		448,813	488,399	473,062		480,132	474,222	480,530			450,155		428,182		396,317				374,508				490,540	449,475	401,814
other																155,760,000												1,235				711	204,280	175,607	171,447	476	194,878	147,649	153,301	1,954	73,360	92,561	92,046	2,127	1,463	71,895	484	55,598	4,195	54,007				156,267	187	2,017	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		2,431	2,763	2,982							221
proceeds from the sale of land, buildings, property and equipment, and real estate																10,682,000
cash (used) provided by investing activities																-645,276,000					-156,093	-38,433	-3,303																															-158,910			-12,918
cash provided (used) by financing activities																310,374,000			6,160		66,662																																	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			-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
for the year:
revenues																				26,396,000				19,660				22,286				25,351				24,274				28,843				31,562	42,105		66,145		70,896							70,005
at december 31:
total assets																				36,222,000				36,865				33,268				32,171				32,324				33,555				25,533	25,470		52,500		57,972		1,342,214	1,342,214	1,342,214			30,009
adjustment for insurance recoveries of title losses																					-73	228	173		175	314	380		1,023	1,448	1,198		757	793	409
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		-32,063
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
cash provided (used) by investing activities																									53,358	38,331	24,587																							235,160					36,599
investment and other (gains) losses – net																											-3,403		-4,345	-722																		-5,766
deferred tax assets:
accrued expenses																												16,013				14,435				26,835				20,190				17,241	17,104		15,630		12,684
net operating loss (nol) carryforwards																												6,936				6,483				6,275				6,428
federal offset to canadian deferred tax liability																												6,618				6,300				4,335
capitalized expenses																												2,356
tax credit carryforwards																												1,477				1				6,154				20,242				26,792	31,372		27,072		18,727
net unrealized losses on investments																												1,205
investments																												857				894				978				3,369				1,582					10,390								981	13,429
deferred tax assets – gross																												40,914				30,882				54,812				63,021				61,652	63,298
valuation allowance																												-3,824				-2,231				-2,457				-2,217				-2,564	-6,971		-12,136		-84,771							-414
deferred tax assets – net																												37,090				28,651				52,355				60,804				59,088	56,327
deferred tax liabilities:
title loss provisions																												-21,936				-17,889				-21,433				-18,523				-23,365			8,479		11,235
amortization – goodwill and other intangibles																												-19,891				-18,155				-26,851				-27,991				-34,740	-30,089		-27,528
deferred compensation on life insurance policies																												-2,029				-2,278				-3,345				-3,558				-3,239	-3,147
fixed assets																												-1,917								2,067				2,094				5,860	6,577		4,683		7,502
net unrealized gains on investments
deferred tax liabilities – gross																												-46,729				-43,499				-56,351				-57,211				-71,773	-59,357
net deferred income tax liability																												-9,639				-14,848
balances at january 1, 2017																												211,365
acquisitions																												14,419				300				7,220				3,275				28	6,029											40,108
disposals																												-85				-190				-349
balances at december 31, 2017																												225,699				225,699
balances at december 31, 2018																												243,161
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		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													3,307
proceeds from the sale of investments in securities																															15,366
net sale (purchases) of short-term investments																															63
unrealized gains on investments																																-1,826				-3,873				-4,811				-7,953	-3,382		-7,802		-4,003							-2,854
balances at january 1, 2016																																211,255
balances at december 31, 2016																																211,365				211,365
investments in debt and equity securities available-for-sale, at fair value:
unrealized investment gains on investments - net																																	9,939	10,207	9,946		20,067	21,195	15,128		9,453
proceeds from investments available-for-sale sold																																	55,533	49,655	15,843		49,666	32,827	11,327		60,314
proceeds from investments available-for-sale matured																																	33,867	22,834	14,956		25,562	7,782	260		40,270
purchases of investments available-for-sale																																	-125,415	-88,381	-51,981		-122,149	-75,771	-44,254		-101,503	-97,596	-56,257			-36,279		-138,656		-303,517				-570,257
purchases of property and equipment, title plants and real estate – net																																	-12,411	-9,328	-5,586		-13,615	-11,494	-5,494		-13,373	-11,772	-4,979
cash paid on class b common shares conversion																																					-12,000	-12,000
investment and other loss (gains) – net																																		389
stock based compensation expense																																			1,230		5,093	3,723	1,395		4,626	3,606	1,044
net deferred income tax (liability) asset																																				-3,996
balances at january 1, 2015																																				202,002
re-allocation of goodwill																																				3,951
purchase adjustments
impairment																																				-1,569
balances at december 31, 2015																																				211,255				208,873
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		149,487
insurance recoveries of title losses																																					290	538	312		763	313	263					214		8,260
impairment of goodwill
cash paid for acquisition of subsidiaries																																					-300				-3,958	-3,958
real estate, at lower of cost or net realizable value																																						517	554		584	605	574			3,782		4,284		3,266				3,947				3,658	2,688	1,743
decrease in net deferred income taxes																																							-1,953
net deferred income tax assets																																								3,593
balances at january 1, 2014																																								198,727
balances at december 31, 2014																																								202,002				202,002
impairment of goodwill and other intangible assets																																									35,867
increase in net deferred income taxes																																									-453	656	-2,222			1,276		2,525		10,544				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															-5,389	-6,703	-2,543	-7,697
cash paid for acquisition of a subsidiary																																									3,958	3,958	-3,958
deferred tax asset																																										800	800			6,844
unrealized investment gains on investments																																										10,047	16,878			15,222
proceeds from investments available-for-sale matured and sold																																										99,370	56,245			15,255		134,534		328,460				668,531
accumulated other comprehensive earnings:
payments for title losses less than (in excess) of provisions																																											12,654
net earnings from equity investees																																											-588			-1,475		-3,264		-2,427				-1,188	-831		-456	-4,340	-6,992	-6,776
net operating loss carryforwards																																												4,260	3,261		3,926		32,122							791
net deferred income tax liabilities																																												-12,685
balances at december 31, 2012																																												198,699	198,699		198,699
balances at december 31, 2013																																												198,727	198,727
sale of assets
net earnings																																												7,914	8,064	4,758	11,037	54,384	4,326					-241,860	-53,880	6,197	-4,762	43,252	88,765	82,518
title loss provisions investments																																													-19,449
net deferred income tax (liabilities) assets																																													-3,030
balances at december 31, 2011																																													192,670		192,670		192,670
cash and cash equivalents – statutory reserve funds																																														5,688		15,023
trade and other receivables																																														50,372		55,076
convertible senior notes																																														27,767		64,644		64,338
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
proceeds from the sale of land, buildings, and furniture and equipment																																														81		4,991
cash paid for acquisitions of subsidiaries and other – net																																														-296		-78
purchase of remaining interest of consolidated subsidiary																																														-723		-43		-4,199
cash payments for settlement of debt																																														-742
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
cash surrender value of insurance policies																																															-2,998		-4,431							-3,470
accrued expenses investments																																															-2,781
net deferred income taxes																																															4,917		-27,449							-13,509
balances at december 31, 2010																																															192,670		192,670
deferred income taxes																																																35,977		28,236	12,957	12,957	12,957	11,896			11,982	14,139	15,784	29,335
accumulated other comprehensive earnings																																																28,901			-3,488	-3,488	-3,488		12,346		8,894
reconciliation of net earnings to cash provided (used) by operating activities:
increases in notes receivable																																																-213		-1,109				-1,339	-879		-7,819	-1,732	-2,654	-2,644
collections on notes receivable																																																663		1,001				5,061	4,245		240	1,667	2,779	2,432
net cash received (paid) for other assets, cost-basis investments, equity investees and other																																																2,277
cash paid for loan guarantee obligation
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
amortization — goodwill and other intangibles																																																	-23,701
balances at december 31, 2009																																																	198,572
sale of interests in subsidiaries																																																	-3,639
deconsolidation of subsidiaries																																																	-2,263
cash and cash equivalents — statutory reserve funds																																																		9,926				9,688
investments — pledged, at fair value																																																						222,684
line of credit, at fair value																																																						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
class b common stock																																																		1,050				1,050				1,050
unrealized investment gains																																																		2,517				4,278				3,399	2,551	9,749
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
decrease in payables and accrued liabilities — net																																																		-11,871					-15,157		-31,841
other — net																																																		2,760				2,122	2,487		-563	3,314	-1,484	-10,301
proceeds from redemptions of investments — pledged																																																		217,225
purchases of property and equipment, title plants and real estate — net																																																		-16,339				-17,968	-6,002		-12,733	-42,021	-33,931	-32,410
proceeds from the sale of land and buildings																																																		6,425
purchases of investments — pledged																																																						-241,525
change in cash and cash equivalents due to sale and deconsolidation of subsidiaries																																																		-1,873
cash received for other assets, cost-basis investments, equity investees and other — net																																																		4,887
payments on line of credit																																																		-216,141
proceeds from line of credit																																																						241,525
proceeds from issuance of convertible senior notes
payments for debt issuance costs related to convertible senior notes
proceeds from exercise of stock options and grants																																																						569
effect of changes in foreign currency exchange rates																																																		826				-10,912	-108			2,438	-1,480	1,868
income taxes receivable																																																			23,319	23,319	23,319
total liabilities																																																			880,892	880,892	880,892
total liabilities and stockholders’ equity																																																			1,342,214	1,342,214	1,342,214
minority interests																																																						13,227	14,775		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
provisions for title losses in excess of payments																																																						31,078	9,854			34,968	45,940	32,433
decrease (increase) in other assets — net																																																						11,725
increase in payables and accrued liabilities — net																																																						-9,593				-8,244	22,077	15,954
cash paid for acquisitions of subsidiaries — net																																																						-55	-357		-5,431	-45,398	-18,149	-65,974
cash paid for cost-basis investments, equity investees and related intangibles — net																																																						-1,493	-689
cash received for the sale of real estate																																																						135	199
purchases of common stock
distributions to minority interests																																																						-7,660	-3,999		-2,979	-18,282	-16,549	-12,474
assets acquired:
title plants																																																							79,027		74,119	10,093	4,405	7,048
property and equipment																																																						56	86,411		101,002	4,829	1,319	7,479
intangible assets																																																							12,986		20,902	3,995	3,434	11,291
debt issued																																																						-2,173	-854		-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
increase in receivables — net																																																							-5,381			-11,720	-7,858	-1,354
increase in other assets — net																																																							-168		-5,447	-9,330	-16,035
deferred income tax benefit																																																							-16,755
purchases of investments																																																							-418,831		-86,763	-405,942	-679,026	-470,777
proceeds from investments matured and sold																																																							458,913		102,119	435,529	580,925	405,689
proceeds from exercises of stock options																																																							569
accruals not currently deductible:
deferred compensation																																																								5,940
deferred rent																																																								4,409
litigation reserves																																																								2,402
book over tax depreciation																																																								2,769
book over tax investment adjustments																																																								1,839
investments in partnerships																																																								2,061
tax over book title loss provisions																																																								-18,333
tax over book amortization — goodwill and other intangibles																																																								-4,762
title plants acquired																																																								-3,022
balances at december 31, 2005																																																								140,787
balances at december 31, 2006																																																								180,895
sale
balances at december 31, 2007																																																								194,633
less allowance for uncollectible amounts																																																									-8,330	-9,112	-8,526	-7,430
benefit from deferred taxes																																																									-2,725
realized investment gains																																																									-4,222	-4,727
provisions for title losses in excess of (less than) payments																																																									6,406
decrease in receivables — net																																																									14,865
minority interest expense																																																									2,819	18,239	19,431	13,518
cash paid for cost-basis investments, equity investees and related intangibles																																																									-2,531
proceeds from exercise of stock options																																																										517	364	1,284
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
reconciliation of net earnings to cash from operating activities:
benefit from deferred income taxes																																																										-4,232	-9,158	7,391
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

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	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	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-06-30	2011-03-31	2010-12-31	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30

reconciliation of net income to cash used by operating activities:
net income	19,069	130,073,752	48,197	35,635	5,416	88,095,056	33,669	21,065	6,210	45,565,506	17,930	19,782	-5,218	181,624,475	34,728	66,885	61,912	339,732,643	93,395	98,840	57,122	169,566,661	60,285	37,680	7,374	3,063	69,668			14,859	20,404	25,720	-1,961	18,070	13,911	22,156	6,009	20,193	29,766			5,189	-10,427
add
depreciation and amortization	16,855	61,024,137	15,391	15,150	15,322	61,565,938	15,480	15,198	15,384	62,400,152	16,414	15,528	14,906	57,135,897	14,066	14,289	13,748	36,363,606	9,145	6,819	6,430	19,202,564	5,144	4,061	4,231	5,068	5,694	5,774	5,990	6,323	6,221	6,154	6,234	6,481	6,578	6,441	6,378	7,316	7,082	7,340	8,306	8,285	7,634	7,274	7,105	8,156	6,620	5,055	4,395	5,199	4,143	4,220	4,358	4,360	4,335	4,564	4,524	5,199	9,592	4,830	4,678	11,613	5,936	6,241	6,962	6,997	7,864	14,558	8,360	8,950	9,091	10,688	9,885	10,842	9,791	8,426	8,688	9,312	8,592
adjustments for bad debt provisions	1,846		711	643	922		836	337	818		982	853	590		969
net realized and unrealized gains	-2,902		-5,614	-727	-3,053												-4,085
amortization of net discount on debt securities investments	-405		-434	-104	-527
payments for title losses in excess of provisions	-6,023				-1,337		2,497	-6,118	-5,432																-2,809		-88					-687	-488			2,345	-3,605	3,390	-1,831			-12,105	4,168				-13,937	-3,516	-7,344				-10,119				-3,278		-972	-5,099			-11,718
increase in receivables – net	-25,086	-14,816,476	-2,115	-6,183	-15,226			-6,510	-12,674									-18,801,229										-11,179	-5,686			-2,240	-2,123				-3,896				-4,246				-13,476												-1,543
increase in other assets – net	-9,710		1,271	-6,387	-16,619		-5,521	-5,693	-5,582		-3,722	-1,353	-4,506		2,377	-1,674	-5,046		-398	4,542	-7,869			70	-3,813			-296	-815		2,220	2,227	-4,853		893	-5,860	-666		1,547	-353	-2,583		708	3,373	-5,527	488	3,385	-1,768	-3,983	2,174	-2,069	-727	-845		-1,000	-267	-3,142														-664
decrease in accounts payable and other liabilities – net	-4,025			5,329	-18,737			-1,527	-24,444		9,276	614	-34,656		-13,512	-17,667	-50,808		-14,995	4,726	-20,116		24,118	20,348	-43,165			14,624	-26,212
change in net deferred income taxes	1,230	8,268,620	5,347	57	-24	4,481,801	4,839	365	-5	-6,771,308	-1,277	-1,139	1,724	292,975	-490	250	265	12,713,976	2,902	2,115	2,007	-9,750,576	1,299	782	1,495	3,106	4,378	1,437	-252	1,949	-1,236	-296	-161		6,420	2,193	136		1,142
net income from equity method investments	-249		-871				-524				-469	-350	-28		-676	-1,124	-736		-3,440	-2,488	-924
dividends received from equity method investments	559		300	486	585		235	384	229		245	196	680		985	983	1,167		3,757	975	764
stock-based compensation expense	4,171	17,087,044	4,134	5,334	3,488	13,554,407	3,256	3,667	2,670	10,909,690	3,267	4,284	2,759	12,272,761	2,799	4,201	2,239	11,957,506	2,615	2,705	3,174	5,746,766	1,785	1,562	887	-1,283	1,323	1,253	804	1,770	1,060	1,839	140		-1,294
other – net	180	499,672	120	76	132	680,725	91	117	67	418,601	130	69	200	444,688	83	119	110	-236,675	-278	-13	-34	-90,633	-130	17	-254	224	13	-83	98	465	-121	17	43	529	-48	1	1	1,713	1,933	-399	3,968	1,017	4,543	378	-270	-363	-417	1,318	-90	404	347	569	-33	815	431	791	389														1,048
cash used by operating activities	-4,490				-29,927			21,123	-29,588																-11,360				-39,883				-28,926				-19,189				-31,841				-26,870				-50,189				-3,390				-20,336								4,152	12,933	-27,799				-31,447		-15,116
investing activities:
proceeds from sales of investments in securities	1,006	140,834,694	7,322	20,975	16,009	36,547,724	13,305	97	20,874	60,403,370	14,142	12,716	26,772	66,647,046	19,185	11,119	17,650	69,273,274	4,982	11,693	3,051	37,214,228	10,273	3,703	11,796	29,706	10,947	2,994	6,958	16,942	6,778
proceeds from matured investments in debt securities	13,855	73,749,028	20,180	35,928	11,864	93,924,151	27,074	45,129	6,646	71,694,995	2,755	29,912	25,338	37,060,246	5,233	7,598	15,923	74,459,347	17,619	8,198	42,836	58,682,323	13,581	14,282	18,814	4,031	8,801	15,790	20,094	4,373	14,903	5,752	4,603
purchases of investments in securities	-18,805	-111,999,435	-28,324	-49,864	-22,377	-121,398,831	-40,801	-34,691	-23,677	-77,944,143	-17,396	-31,496	-23,965	-207,346,870	-47,217	-51,031	-66,882	-143,813,893	-21,909	-41,317	-47,881	-118,225,513	-24,631	-20,153	-30,703	-75,302	-924	-702	-561	-7,374	-9,463	-18,178	-8,042
net sales (purchases) of short-term investments	135																				2,648	3,891,569	-332	-219	2,982
purchases of property and equipment and other long-lived assets	-16,442	-73,362,835	-19,086	-14,765	-12,314		-8,701	-9,206	-10,218
proceeds from sale of property and equipment and other assets	53		912	1,300	1,537		33	73	8		263	57	49		-56	204	829
cash paid for acquisition of businesses and related assets	-1,905	-369,972,447	-30,030	-1,099	-7,424
increase in notes receivable		-21,696,282	-15,718	-3,500	-2,500	-8,311,680	-1,000	-1,000	-6,320		-600
purchases of cost-basis and other investments	-71	-8,749,249	-333	-509	-909	-31,563,190	69	60	-29,939
cash used by investing activities	-21,855	-368,488,958	-62,546	-9,489	-20,007	-87,191,413	-15,316	-8,894	-47,377	-29,932,247	-29,443	-2,498	-4,812	-300,439,657	-114,201	-45,926	-65,216		-27,017	-100,060	-73,591										3,051	-5,615	-1,517	-37,452	-22,702	-16,827	-26,916	3,479	-11,864	-8,313	-40,076	-55,605	132	-4,912	-8,406	-7,732	-8,335	-45,297	-17,193	-11,447			-25,239				-538																	-22,071				-29,914	-33,732
financing activities:
proceeds from notes payable	2,564		0	0	995	3,383,613	0	0	3,387	3,534,462	0	17	3,521	39,460,988	32,291	5,581	140	1,197,019,245	150,000	2,780	178,975	16,453,639	1,957	200	204	6,950	3,008	16,052	4,454	4,947	9,557			8,450	32,021	15,147	875	32,954	-9,774	24,578	10,000	22,455	929			8,124	49,572			10,746	0	0	400	448				-500	500	500	3,000	134	114	-773	256	-2	952	1,486	28,843	6,175	10,738	-3,637	7,119	7,991	1,849	3,554	3,913	17,680	12,889
payments on notes payable	-2,503	-1,222,885	0	0	-1,115	-3,374,622	0	0	-3,378	-5,770,224	0	-187	-5,589	-76,410,495	-30,952	-6,734	-37,819	-809,657,969	-369	-2,752	-154,910	-25,569,263	-2,403	-1,111	-8,223	-1,689	-3,040	-15,693	-7,446	-3,351	-10,774	-964	-5,029	-37,619	-10,806	340	-8,382	-57,281	12,043	-13,794	-1,307	-3,169	-1,589	-11,785	-5,951	-6,642	-50,948	-1,736	-1,512	-10,752	-458	-534	-455	-457	-461	-473	-4,301	-1,300	-1,639	-1,143	-488	-5,458	-2,161	-60,804	-4,463	-21,852	-30,071	-14,080	-4,225	-5,660	-4,013	-4,611	-7,608	-4,112	-6,715	-5,380	-8,571	-6,797	-8,606
distributions to noncontrolling interests	-3,948	-13,910,555	-3,977	-2,618	-3,850	-13,080,687	-2,870	-3,723	-3,720	-16,123,354	-4,097	-3,774	-3,775	-20,625,137	-5,380	-4,915	-4,568	-16,395,317	-4,430	-3,409	-3,844	-13,934,428	-3,615	-2,631	-3,326	-2,928	-3,091	-2,310	-3,177	-2,966	-2,914	-2,823	-2,928	-3,275	-3,076	-2,737	-2,563	-3,531	-3,770	-2,632	-3,028		-3,223	-1,961	-1,677	-1,942	-2,532	-3,034	-1,478	-2,025	-2,557	-2,431	-2,226	-3,164	-2,127	-2,539	-1,682	-1,685	-2,613	-1,251	-1,637	-2,879	-1,003	-1,968	-2,252	-1,849	-1,706
contributions from noncontrolling interests	112						0																																																0
repurchases of common stock	-5,233	-3,883,435	-91	-109	-3,365	-3,840,382	-101	-127	-3,390	-1,781,424	-223	-82	-1,271	-3,258,832	-617	-89	-2,462	-2,249,855	-143	-67	-1,935	-1,053,174	-358	-75	-393	-51	-10	-92	-379	-488	-15	-93	-579									-135	-22	-26,400	-1,393	-5,761	-13,363
proceeds from stock option and employee stock purchase plan exercises	2,803	7,494,827	4,276	0	2,897	10,541,254	4,935	228	3,583	4,965,154	2,855	0	1,991	5,822,201	3,086	221	2,492	2,712,285
cash dividends paid	-16,341	-58,442,382	-14,707	-13,969	-13,942	-53,875,965	-13,855	-13,113	-13,067	-50,485,476	-12,993	-12,271	-12,260	-44,639,536	-12,206	-10,139	-10,119	-36,610,442	-8,870	-8,848	-8,840	-30,203,786	-8,016	-7,099	-7,099	-7,088	-7,090	-7,084	-7,083	-7,068	-7,068	-7,066	-7,061	-7,035	-7,035	-7,034	-7,031	-7,040	-7,040	-7,040	-6,720	-6,730	-5,609
payment of contingent consideration related to acquisitions	-316		-4,642	-180	-265		-194	-116	-186		-1,025				0	-9,735	-6,262
cash used by financing activities	-22,862		-19,141	-16,876	-18,645	-60,912,347	-12,085	-16,797	-16,771		-15,483	-18,297	-17,383						129,308					-10,716	-18,837	-4,806	-10,198	-9,127	-13,631	-8,925	-11,204	-11,751	-15,878	-41,002	11,103	4,223	-17,919		-8,541	-12,951	-1,295				-8,923				-2,990	-8,284	-2,966	-3,200	-3,746	-6,583	-2,629	-2,925	-5,983	-4,402	-3,752	-1,894		-224,344	-12,678									-23,666	-3,468	-13,753	-10,098	-6,951	-7,320	-6,637	-742
effects of changes in foreign currency exchange rates	-1,333	3,157,222	-541	2,528	791	-4,454,991	1,647	-378	-1,278	1,025,044	-1,661	912	-295	-5,518,460	-5,200	-2,973	-367	-2,151,102	-2,093	126	69	3,337,479	1,448	1,583	-3,510	1,703	-792	627	1,367	-2,581	328	-1,273	-284	-233	1,623	1,514	827	-1,916	-600	-523	2,898	-1,072	-3,874	495	-3,213	-449	-3,310	2,145	-3,575	-3,459	1,716	-2,347	-787		2,666	-1,521	1,125		887	1,003		-853	65		2,482	2,708	-585				-259		-561		849	1,951	-132
change in cash and cash equivalents	-50,540		10,417	29,591	-67,788		50,367	-4,946	-95,014		12,946	15,224	-73,552		-84,377	8,661	-89,270		207,063	-12,221	-19,920
cash and cash equivalents at beginning of period	321,775		0	0	216,298		0	0	233,365		0	0	248,367		0	0	485,919		0	0	432,683		0	0	330,609		0	0	192,067		0	0	150,079		0	0	185,772		0	0	179,067		0	0	200,558		0	0	194,289		0	0	208,538		0	0	140,843		154,490	154,490		116,100	116,100		0	0	86,246		0	0	109,239	0	136,137	0	0	0	134,734	0
cash and cash equivalents at end of period	271,235		10,417	29,591	148,510		50,367	-4,946	138,351		12,946	15,224	174,815		-84,377	8,661	396,649		207,063	-12,221	412,763		70,754	17,207	293,599		119,755	36,698	164,507		28,541	17,654	103,474		21,541	24,630	122,575		24,522	28,513	108,753		46,714	11,455	153,146		18,069	30,034	120,342		-15,451	41,213	175,376		20,237	42,472	115,111		122,685	111,870		140,933	134,785		17,289	23,167	68,265		96,261	11,997	90,903	-2,860	104,074	8,555	-10,298	19,519	118,361	3,150
reconciliation of net income to cash from operating activities:
adjustments for:
provision for credit losses on receivables
net realized and unrealized losses						-12,925,762	-4,714	514	-7,038	29,171	1,946	1,105	1,778	1,461,806	6,374			-24,303,184	-2,887	-11,655	-3,274	1,671,965	8	-5,064	11,091
amortization of net (discount) premium on debt securities investments							-292	-159	-9
payments for title losses less than (in excess of) provisions		4,818,092	-725																		12,234	33,219,385	8,379											6,997																					2,733
adjustments for insurance recoveries of title losses						207,792	0	0	208					219,780	0	0	220				-205
decrease in other assets – net																						-5,378,298				3,955
increase in payables and accrued liabilities – net																																																		3,899				26,355
net income from equity investees																						-3,501,615	-1,029	-711	-645	-1,048	-949	-673	-374	-596	-576	-525	-243	-350	-836	-780	-197	-901	-864	-728	-341	-675	-790
dividends received from equity investees																						3,701,501	950	314	1,235	757	744	867	353	364	1,202	554	431	440	816	667	570	728	740	591	581	700	1,012	1,405	694	840	1,306	852	584	937	1,327	945	1,557	717	999	1,036	674	635	1,110	717	1,090	1,231	470	508	995	932	481	932	625	817	476	1,095	925				1,409	1,621	1,531
cash from operating activities		205,571,854				135,541,344				82,998,422				191,692,960	48,853	83,312	34,875	390,033,683	106,865			275,665,139				59,070				40,444	36,366			60,020	31,517			58,976	45,527			14,917				48,893				16,341	27,752																					-10,232		44,609	42,333			40,236	45,903
capital expenditures		-73,362,835				0				0				0	-9,048	-13,935	-12,291	0	-9,783			0				0				0	-2,788			0	-3,083			0	-2,121			-6,285				-4,055				0	-5,340																					0		-17,584	0			0	-7,430
free cash flows		132,209,019				135,541,344				82,998,422				191,692,960	39,805	69,377	22,584	390,033,683	97,082			275,665,139				59,070				40,444	33,578			60,020	28,434			58,976	43,406			8,632				44,838				16,341	22,412																					-10,232		27,025	42,333			40,236	38,473
net purchases of short-term investments		-4,150,688	1,384	1,579	-4,275	-4,730,794	-425	146	-4,927		-11,167	-297	-2,541																						-342	-256	-597				-2,302
proceeds from notes payable and line of credit
payment of acquisition contingent consideration
issuance of common stock
other - net														114,885	21	58	36	-7,403,223	0	0	-777	-310,689
cash provided (used) by financing activities																					6,160	54,234,338																								-8,599	-17,288																					26,377	221,800	-1,382	5,192
net change in cash and cash equivalents
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
increase in accounts payable and other liabilities – net
reconciliation of net income to cash provided (used) by operating activities:
cash provided (used) by operating activities																					47,442																																		37,454						26,834	5,643	13,603
net loss from equity method investments					-269				10
amortization of net premium on debt securities investments										485,552	61	157	230	2,160,130	488	692	690	3,621,206	890	966	938	4,257,720	1,027	1,109	1,144	1,149	1,162	1,275	1,353
payments for title losses (in excess of) less than provisions										-24,008,583	1,051																		-7,781																						6,260											-10,979
decrease in receivables – net						-12,031,202				-5,362,007	13,699	7,032	-13,724	10,144,479	6,614	-3,319	6,226			-18,853	-3,513			-2,750	11,542	5,921				3,260				5,365	-3,276			3,373	3,310			4,633	9,197			6,090	3,021	5,541	-5,255		-13,093	355	13,425																		-413
purchases of property and equipment
net cash paid for acquisition of businesses
purchase of remaining interest of consolidated subsidiaries
cash paid for acquisition of businesses											-2,700	-900	-21,500		-79,554	-5,406	-17,904		-18,015	-79,331	-52,575		-113,101	-31,968	-1,449						-5,661	0	-11,978		296
decrease in payables and accrued liabilities – net																															2,846	3,932	-30,258		-1,614	8,487	-27,355		4,741	7,772	-28,540		7,396	3,958	-14,501		9,274	4,843	-23,556			4,826	-20,690			9,546	-10,392														-18,398
net (purchases) sales of short-term investments														-7,218,368	-1,443	-129	-60											398	-456										1,964
proceeds from the sale of property and equipment, and other assets
cash (used) provided by financing activities														-123,121,857			-58,562																									9,512	-9,569																					-27,667	-6,459	-23,646	-30,825
increase in cash and cash equivalents																						102,023,049	70,754			9,649	119,755											23,984				-32,248								-6,849	-15,451			30,718	20,237			17,677	-31,805	-42,620	17,945	24,833	18,685	7,379	17,289			-112,915						8,555	-10,298			3,150	11,974
purchases of property and equipment, and real estate											-13,992	-6,601	-8,894		-9,048	-13,935	-12,291		-9,783
purchase of remaining interest in consolidated subsidiaries																			0
reconciliation of net income to cash (used) provided by operating activities:
cash (used) provided by operating activities												35,107	-51,062																																														-6,510	-38,632								-33,452	-25,066								-14,015
payments for title losses (higher) less than provisions													-15,797
payments for title losses less than provisions														9,624,050	-5,952	7,943	8,959		13,539																						101
cash paid for acquisition of equity method investment															0	0	-69		0	0	-16,080
provision for bad debt																	14	3,021,129	1,025	138	708	648,637	257	-48	154	783	427	16	446	9	441			-490	63	268	366	2,160	91	387	711	1,351	411	812	449	622	525	406	-182	352	541	186	1,091	191	772	1,534	704	68	1,144	996	917	2,946	1,445	1,233	2,097	1,134	2,062
proceeds from the sale of land, buildings, property and equipment, and real estate
cash (used) provided by investing activities																						-231,213,907	-117,660	-35,130	-3,303																																	-6,256	-22,430	-3,097													-12,918
net sales of short-term investments																			-13
proceeds from sale of buildings																			-31
issuance of new common stock
payment of contingent consideration related to an acquisition																			-9,414															0	0			0	0
proceeds from stock option exercises																				120	61
purchases of property and equipment, and real estate – net																					-5,721		-3,696	-2,015	-4,781		-4,068	-5,154	-2,735		-2,788	-3,697	-1,993
purchase of remaining interest in consolidated subsidiary																					-2,570										10	-831	-281		-1
adjustment for insurance recoveries of title losses																							-301	55	173		-139	-66	380		-425	250	1,198		-36	384	409
decrease in cash and cash equivalents																									-37,010				-27,560		28,541	17,654	-46,605		21,541	24,630	-63,197			28,513	-70,314			11,455	-47,412				-73,947				-33,162				-25,732										-17,981			11,997	-18,336		-32,063				-16,373
purchases of property and equipment, title plants and real estate
net cash paid for acquisition of subsidiaries and other assets
cash provided (used) by investing activities																										-46,318	15,027	13,744	24,587																																			40,676						28,421	8,178					-2,285	5,094
investment and other gains – net																											3,096										-287		-3,252	-966	-488		-55	-389	-1,151												-1,445
reconciliation of net loss to cash used by operating activities:
net loss																													-4,784												-9,064				-11,344												-10,755		-1,876	-9,524	12,188	-16,093	-28,205	33,389	-21,819						-25,292
investment and other losses – net																													-3,403	4,292	-3,623	-2,393	1,671															664	-140	-1,261	-857	-123	3,307		-3,233
net cash (paid for acquisition) received from disposal of subsidiaries and other assets
cash paid on class b common shares conversion																																						0	0
amortization of net premium on investments available-for-sale																															1,501	1,529	1,587	1,692	1,693	1,703	1,718
payments for title losses (in excess of) lesser than provisions
(adjustment) provision for bad debt																																	-143
proceeds from the sale of investments in securities																																	15,366
net sale (purchases) of short-term investments																																	63
realized investment and other losses – net
impairment of goodwill
decrease in net deferred income taxes																																									-1,953
stock based compensation expense																																					1,230	-2,111	1,370	2,328	1,395	-181	1,020	2,562	1,044
proceeds from investments available-for-sale sold																																		21,409	5,878	33,812	15,843	31,425	16,839	21,500	11,327	8,966
proceeds from investments available-for-sale matured																																		45	11,033	7,878	14,956	1,563	17,780	7,522	260	1,925
purchases of investments available-for-sale																																		-54,317	-37,034	-36,400	-51,981	-44,295	-46,378	-31,517	-44,254	-46,194	-3,907	-41,339	-56,257	-58,173	-56,789	-30,744	-79,008	-44,375	-52,961	-26,885	-36,279	-69,034	-67,369	-32,619	-38,668	-166,101	-148,407	-21,531	-162,983	-91,675	-44,949	-224,558	-26,324	-92,622	-25,862	-159,323
purchases of property and equipment, title plants and real estate – net																																			-3,083	-3,742	-5,586		-2,121	-6,000	-5,494	-6,285	-1,601	-6,793	-4,979	-4,055	-6,376	-4,823	-4,283																						-2,994
investment and other loss (gains) – net
net cash received from disposal (paid for acquisition) of subsidiaries and other assets
other—net
insurance recoveries of title losses																																							-248	226	312	-550	450	50	263	14,474	267	-267	2,707	1,249	479			492	-46	-2,347	2,607	1,872	2,605	1,581	1,661	5,802	4,823
cash paid for acquisition of subsidiaries																																											0
proceeds from the sale of land, buildings, and furniture and equipment																																																		2,001	73	13	81	-278	1,672	-69	3,388
increases in notes receivable																																																						-250	-3	-8	-202	33	-174	-180	-689	-285	-73	-376	-40	-268	-530	-394	-66	-126	-753	-353	-7,819	-382	-416	-414	-520	-141	-1,587
collections on notes receivable																																																						296	-175	781	57	71	617	538	360	537	166	160	77	135	282	497	319	257	3,988	1,327	240	246	738	443	240	1,411	829
cash paid for acquisition of subsidiaries and other – net
proceeds from the sale of equity investees and other assets																																																		0	-1
proceeds from the sale of real estate
subsidiary dividends paid to noncontrolling interests
cash payments for settlement of debt																																																		0	0	0	-742
impairment of goodwill and other intangible assets
increase in net deferred income taxes																																											-1,109	2,878	-2,222	-1,820	13,709	-2,375	-6,338	-7,783	9,841	12,926	1,276	-42,305			1,752		-4,293	2,030		609	-809			-2,058	2,980
supplemental information:
changes in financial statement amounts due to the acquisition of a subsidiary:
goodwill acquired																																											0	3,300	3,920		-25,190
receivables and other assets acquired																																											0	0	38		8,351				7,970	0	-44
intangible assets acquired
liabilities assumed																																											0														-405								263	0	-450					-1,010	-5,389	1,262	-746	869	-8,088	-922	-1,021
cash paid for acquisition of a subsidiary																																											0	7,916	-3,958
proceeds from investments available-for-sale matured and sold																																												43,125	56,245	50,562	53,371	27,469	65,793	34,445	28,865	25,960	15,255	47,404	52,656	42,239	39,639	166,914	140,560	22,267	154,579	119,513	58,042	234,325	46,703	127,136	68,925	65,556
payments for title losses less than (in excess) of provisions																																													12,654
net earnings from equity investees																																													-588	-722	-1,145	-1,216	-359	-589	-1,049	-1,024	-1,475	-989	-1,418	-1,415	-431	-667	-653		-940	-637		-608	-533	-1,267	-726	-80	-277	-828	-3	-397	-456	-851	-930	-1,501	-1,058	-1,733	-2,171
reconciliation of net earnings to cash from operating activities:
net earnings																																														14,130	26,061	8,746	-10,628	19,910	18,017	29,899	4,758	64,593	37,097			4,245														-31,312	-4,762	10,745	14,150	15,711	2,646	9,101	31,771
change in cash and cash equivalents due to sale and deconsolidation of subsidiaries																																																													0	-1,844	-1,844
cash paid for acquisitions of subsidiaries and other – net																																															-445				-15,006	0	-296		-32	0	-46
retirement of convertible senior notes with issuance of common stock																																																			715	0	37,095
changes in financial statement amounts due to the acquisition of subsidiaries:
intangible assets																																																																								300	467	735	1,318	53	1,889	223	178
liabilities acquired																																															-4,226				-2,263	0	312
reconciliation of net earnings to cash (used) provided by operating activities:
reconciliation of net earnings to cash used by operating activities:
payments for title losses (in excess of) less than payments
cash paid for loan guarantee obligation																																																										-390	-3,928
purchases of property and equipment and title plants – net																																																			-5,340	-3,423	-4,259		-5,041	-4,401	-4,662
purchase of remaining interest of consolidated subsidiary																																																			1	-235	-723	-1,578
receipt of partial building ownership in exchange for debt forgiveness																																																							0	0	1,255
goodwill																																																			9,299	0	28		142	0	2,550					-5,831	-5,831		113	0	1,749	899	154	248	776	890	7,313	15,817	9,655	-2,609	25,815	4,321	5,424
provisions for title losses in excess of (less than) payments																																																																									6,406
proceeds from redemptions of investments – pledged
cash paid for acquisition of subsidiary																																																									46
cash received for other assets, cost-basis investments, equity investees and other – net
payments on line of credit																																																													0	-216,141	-9,628
effect of changes in foreign currency exchange rates																																																																				-8,159	-2,645									-535	545
reconciliation of net earnings to cash provided (used) by operating activities:
net cash received for other assets, cost-basis investments, equity investees and other																																																									-44		10	58
settlement of wage and hour litigation through issuance of common stock																																																												7,582
settlement of note payable through issuance of common stock held in treasury
receivables
other																																																							738	0	-2,795													109	78	52	862		2,640	-61	147
liabilities																																																							-142							1,344	1,344
debt assumed
reconciliation of net loss to cash provided (used) by operating activities:
increase increase in net deferred income taxes
title plants																																																								0	556					-1,048	-1,048		0	0	577					562	2,874	1,349	-234	6,334	2,644	1,289	1,240
property and equipment, net of accumulated depreciation																																																														-1,560	-1,560
noncontrolling interests																																																								0	-22					336	336
changes in financial statement amounts due to the acquisition of subsidiary:
property and equipment																																																									172								0	0	13					74	942	134	-211	-168	5,074	93	345
debt issued																																																									-10								0	0	-1,100	-1,320	1	0	-854	-2,139	-2,619	-10,844	-8,019	47	-10,107	1,658	-9,811
investment and other (gains) — net
decrease in receivables — net																																																											4,930	-8,677	4,905	34,168	57,444	-30,732			22,243	17,145	-122				14,865				11,861
decrease in other assets — net																																																													2,842		-736	-7,312			1,195	5,409
decrease in payables and accrued liabilities — net																																																											-17,680	-23,742	-6,128	-10,500	-13,664	2,884			-17,794		-687				-31,841				-35,809
other — net																																																											1,832	958	-444	2,645	1,292	-298			589	-2,437	2,072				-563	749			202	-2,024	445
proceeds from redemptions of investments — pledged																																																													0	217,225	9,275
purchases of property and equipment, title plants and real estate — net																																																																			-798	-4,278	-7,688				-12,733	-17,584			-6,742
proceeds from the sale of land and buildings
cash received for other assets, cost-basis investments, equity investees and other — net
proceeds from issuance of convertible senior notes
payments for debt issuance costs related to convertible senior notes
cash paid for the acquisition of subsidiaries and other – net
reconciliation of net loss to cash (used) provided by operating activities:
investment and other losses — net																																																											1,101			-1,162	-2,913
increase in other assets — net																																																											-3,350	-2,501		-4,454											-5,447	4,117			-1,045
purchases of property and equipment and title plants — net																																																											-11,108	-4,249		-3,828	-2,914																-7,430
investment and other gains — net																																																												-132
net (earnings) loss from equity investees																																																												-69
cash paid for acquisitions of subsidiaries and other — net																																																														4,744	-8
changes in financial statement amounts due to sale and deconsolidation of subsidiaries:
note receivable																																																														2,500	2,500
investments in investees, on an equity method basis																																																														5,316	5,316
intangible asset, net of amortization																																																														2,827	2,827
provisions for title losses (less than) in excess of payments																																																																							-760						-2,232
purchases of investments — pledged																																																																				0
proceeds from line of credit																																																																				42,200
proceeds from exercise of stock options and grants																																																																0	0
investment and other losses— net																																																														-10,708
purchases of property and equipment, real estate and title plants — net
cash from investing activities																																																														244,387	17,695			31,172	41,228
net loss (earnings) from equity investees																																																															238
provisions for title losses in excess of payments																																																																141	16,730			22,388	-1,164			15,966		14,969	10,679			21,938	5,099
cash paid for acquisitions of subsidiaries — net																																																																0			-789	459	-157				-5,431	-5,727			-32,292	-6,808	-1,938
cash received for cost-basis investments, equity investees and related intangibles — net
cash received for the sale of real estate																																																																								0
purchases of common stock
realized investment losses — net																																																																			8,812
cash paid for cost-basis investments, equity investees and related intangibles — net																																																																				0	-804
assets acquired:
realized investment losses – net
cash paid for acquisitions of subsidiaries – net
cash paid for cost-basis investments, equity investees and related intangibles – net
reconciliation of net loss attributable to stewart to cash used by operating activities:
net loss attributable to stewart																																																																			-42,019
provisions for title losses less than payments																																																																			-14,957
net earnings attributable to noncontrolling interests																																																																			1,471
increase in payables and accrued liabilities — net																																																																										12,918				14,031	6,398
minority interests																																																																				496	1,593	1,934	1,203	2,342			4,890
distributions to minority interests																																																																				-1,518	-2,143	-2,015	-1,984	-2,615	-2,979	-4,412	-5,232	-5,124	-3,514	-4,889	-5,192
investments																																																																								0	981	0	0	-1,489	14,918
income taxes — net (refund) paid
interest paid
impairment of other assets																																																																					0
other-than-temporary impairment of investments
realized investment and other losses — net																																																																					3,185
deferred income tax benefit																																																																					-17,806
cash received for sale of real estate
stock purchases
proceeds from exercises of stock options																																																																					0
purchases of investments																																																																						-264,302	-154,529	-97,477	-86,763	-90,626	-105,803	-74,055	-135,458	-201,238	-160,089
proceeds from investments matured and sold																																																																						296,447	162,466	132,640	102,119	96,749	73,962	84,952	179,866	185,289	137,583
provision for deferred taxes																																																																							1,968		-2,725
realized investment losses																																																																							297
cash paid for cost-basis investments, equity investees and related intangibles																																																																									-2,531
proceeds from exercise of stock options																																																																							451	-65		-334	0	-1	852	197
realized investment and other gains — net																																																																															-514
increase in receivables — net
proceeds from sale of equity investees																																																																														2,227	0
income taxes paid
provision for deferred income taxes
realized investment gains																																																																									-4,222	-1,378	-1,158
minority interest expense																																																																									2,819				3,869	5,412	5,499
cash paid for equity investees and related intangibles — net
dividends from equity investees																																																																											1,229
provisions for deferred taxes																																																																											-2,699	-147	-2,546
cash paid for equity investees and related intangibles – net
note: reconciliation of net earnings to the above amounts
cash paid for equity investee and related intangibles — net																																																																															-1,100
provisions for uncollectible amounts — net																																																																															215
stock bonuses																																																																															0
increase in deferred income taxes																																																																															-7,092
decrease in other assets
cash from operating activities — see above																																																																															45,903
net assets acquired:
other assets
increase in other assets
assets acquired
treasury stock acquired

Stewart Information Services Corporation(NYSE:STC)

Stewart Information Services Corporation
(NYSE:STC)