STEWART INFORMATION SERVICES Business Summary

Stewart Information Services Corp (STC) is a global real estate services provider that generates revenue primarily through title insurance premiums, which constitute over 85% of its total earnings. The company also monetizes its operations via transaction-based fees for escrow, settlement, appraisal management, and credit information services, alongside investment income derived from its premium "float." Its business is organized into three primary segments: Title Insurance and Related Services, which handles property title searching and insuring; Real Estate Solutions, providing data-driven tools and lender services; and Corporate and Other. Stewart competes directly with industry giants Fidelity National Financial (FNF), First American Financial (FAF), and Investors Title Company (ITIC), maintaining a top-tier position within the U.S. title insurance oligopoly with a strategic focus on expanding its commercial market share toward a 20% target. Founded in 1893 by Maco Stewart in Galveston, Texas, the company was built with early leadership from the Stewart and Morris families, including Minor Stewart and W.C. Morris. The current executive team is led by CEO Frederick H. Eppinger, an insurance industry veteran and former CEO of The Hanover Insurance Group and partner at McKinsey & Co. Supporting him are David C. Hisey as CFO and Treasurer, Elizabeth K. Giddens as Chief Legal Officer, and Brad A. Rable as President of Technology & Operations. John Hamm serves as the Chief Information Officer, overseeing global technology strategy. The company is overseen by a board chaired by Thomas G. Apel and remains a publicly traded entity on the NYSE, recently bolstered by a $129 million equity offering in late 2025 to fund its acquisition-led growth strategy.