Friday , 6 December 2019
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Title Business: Stewart Reports First Quarter Loss

HOUSTON – Stewart Information Services Corp., the parent of Stewart Title, reported loss of $12.4 million, or 52 cents share, for the first quarter 2015. In the first quarter of last year, Stewart lost $12.1 million.

Total revenues were up, however – $448.9 million in the first quarter of this year, compared to $393.6 million in the comparable period of last year.

“While January and February title revenues were somewhat lackluster, they rebounded strongly in March. Combined with a robust sequential increase in opened orders in March, we are poised for continued revenue growth in the second quarter,” said Matthew Morris, CEO. “Looking ahead, we are mindful of general economic volatility, as well as an expected decline in mortgage origination volume in the second half of the year.”

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