Stewart Information Services (STC) 10-Q 31 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 29, 2015
Document Information [Line Items]
Entity Registrant Name	STEWART INFORMATION SERVICES CORP
Entity Central Index Key	94,344
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	STC
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		22,235,508
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,050,012

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues
Direct operations	$ 241,462	$ 206,366	$ 429,650	$ 359,512
Agency operations	251,208	209,924	466,020	423,597
Mortgage services	34,182	26,351	74,954	49,111
Investment income	4,665	4,861	8,614	8,718
Investment and other gains (losses) – net	389	(664)	1,540	(524)
Total revenues	531,906	446,838	980,778	840,414
Expenses
Amounts retained by agencies	204,437	170,779	380,237	345,458
Employee costs	171,078	151,251	333,574	293,173
Other operating expenses	98,022	89,164	186,796	156,901
Title losses and related claims	19,577	18,170	52,711	40,937
Depreciation and amortization	7,274	5,055	14,379	9,450
Interest	486	883	924	1,545
Total expenses	500,874	435,302	968,621	847,464
Income (loss) before taxes and noncontrolling interests	31,032	11,536	12,157	(7,050)
Income tax expense (benefit)	10,407	2,789	2,876	(5,168)
Net income (loss)	20,625	8,747	9,281	(1,882)
Net income attributable to noncontrolling interests	3,519	2,468	4,623	3,946
Net income (loss) attributable to Stewart	17,106	6,279	4,658	(5,828)
Net income (loss) attributable to Stewart
Net income (loss)	20,625	8,747	9,281	(1,882)
Foreign currency translation adjustments	2,243	4,129	(4,256)	1,721
Change in unrealized gains on investments	(6,700)	3,706	(3,941)	7,867
Reclassification of adjustment for gains included in net income	(131)	(62)	(782)	(193)
Other comprehensive (loss) income, net of taxes	(4,588)	7,773	(8,979)	9,395
Comprehensive income	16,037	16,520	302	7,513
Less net income attributable to noncontrolling interests	3,519	2,468	4,623	3,946
Comprehensive income (loss) attributable to Stewart	$ 12,518	$ 14,052	$ (4,321)	$ 3,567
Basic average shares outstanding (000)	23,624	22,476	23,806	22,491
Basic earnings (loss) per share attributable to Stewart (usd per share)	$ 0.72	$ 0.28	$ 0.20	$ (0.26)
Diluted average shares outstanding (000)	23,795	24,848	23,975	22,491
Dilutive earnings (loss) per share attributable to Stewart (usd per share)	$ 0.72	$ 0.27	$ 0.19	$ (0.26)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 164,601	$ 200,558
Short-term investments	22,666	25,042
Investments in debt and equity securities available-for-sale, at fair value:
Statutory reserve funds	474,222	438,511
Other	92,561	141,592
Available for sale securities, Total	566,783	580,103
Receivables:
Notes	4,343	4,031
Premiums from agencies	37,262	42,929
Income taxes	4,091	253
Trade and other	60,716	60,654
Allowance for uncollectible amounts	(8,750)	(9,193)
Total receivables	97,662	98,674
Property and equipment, at cost
Land	5,524	5,524
Buildings	26,426	26,399
Furniture and equipment	225,515	215,344
Accumulated depreciation	(181,046)	(171,914)
Total property and equipment, at cost	76,419	75,353
Title plants, at cost	76,083	76,779
Real estate, at lower of cost or net realizable value	605	600
Investments in investees, on an equity method basis	9,902	9,880
Goodwill	253,239	251,868
Intangible assets, net of amortization	22,680	26,311
Deferred tax asset	800	800
Other assets	48,435	46,510
Total assets	1,339,875	1,392,478
Liabilities
Notes payable	82,711	71,180
Accounts payable and accrued liabilities	102,111	111,965
Estimated title losses	481,000	495,395
Deferred tax liabilities	6,716	13,485
Total liabilities	$ 672,538	$ 692,025
Contingent liabilities and commitments
Stockholders’ equity
Common and Class B Common Stock and additional paid-in capital	$ 179,296	$ 203,563
Retained earnings	478,720	479,733
Accumulated other comprehensive income:
Foreign currency translation adjustments	(6,471)	(2,215)
Unrealized investment gains on investments	10,047	14,770
Treasury stock – 352,161 common shares, at cost	(2,666)	(2,666)
Stockholders’ equity attributable to Stewart	658,926	693,185
Noncontrolling interests	8,411	7,268
Total stockholders’ equity (23,285,290 and 24,005,760 shares outstanding)	667,337	700,453
Liabilities and Equity, Total	$ 1,339,875	$ 1,392,478

CONDENSED CONSOLIDATED BALANCE4

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Treasury stock, common shares	352,161	352,161
Common stock, shares outstanding	23,285,290	24,005,760

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Reconciliation of net income (loss) to cash provided (used) by operating activities:
Net income (loss)	$ 9,281	$ (1,882)
Add (deduct):
Depreciation and amortization	14,379	9,450
Provision for bad debt	1,261	224
Investment and other (losses) gains – net	(1,540)	524
Payments for title losses in excess of provisions	(9,217)	(10,860)
Insurance recoveries of title losses	313	2,440
(Increase) decrease in receivables – net	(563)	286
Increase in other assets – net	(2,154)	(5,751)
Decrease in payables and accrued liabilities – net	(10,543)	(18,594)
Increase (decrease) in net deferred income taxes	656	(8,713)
Net income from equity investees	(2,114)	(1,575)
Dividends received from equity investees	2,099	1,436
Stock based compensation expense	3,606	1,082
Other – net	108	146
Cash provided (used) by operating activities	5,572	(31,787)
Investing activities:
Proceeds from investments available-for-sale matured and sold	99,370	93,262
Purchases of investments available-for-sale	(97,596)	(109,752)
Purchases of property and equipment, title plants and real estate – net	(11,772)	(9,106)
Cash paid for acquisition of subsidiaries	(3,958)	(38,914)
Other – net	638	2,020
Cash used by investing activities	(13,318)	(62,490)
Financing activities:
Payments on notes payable	(17,736)	(3,367)
Proceeds from notes payable	29,267	62,577
Distributions to noncontrolling interests	(3,638)	(4,512)
Repurchases of common stock	(27,793)	(2,924)
Cash dividends paid	(5,671)	0
Other – net	78	20
Cash (used) provided by financing activities	(25,493)	51,794
Effects of changes in foreign currency exchange rates	(2,718)	(1,430)
Decrease in cash and cash equivalents	(35,957)	(43,913)
Cash and cash equivalents at beginning of period	200,558	194,289
Cash and cash equivalents at end of period	164,601	150,376
Changes in financial statement amounts due to the acquisition of a subsidiary:
Goodwill acquired	7,220	41,338
Receivables and other assets acquired	38	4,185
Liabilities assumed	(3,300)	(6,609)
Cash paid for acquisition of a subsidiary	$ 3,958	$ 38,914

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENT OF EQUITY - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Total	Common and Class B Common Stock ($1 par value)	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income	Treasury stock	Noncontrolling interests
Beginning balance at Dec. 31, 2014	$ 700,453	$ 24,358	$ 179,205	$ 479,733	$ 12,555	$ (2,666)	$ 7,268
Increase (Decrease) in Stockholders' Equity
Net income attributable to Stewart	4,658			4,658
Cash dividends on common stock	(5,671)			(5,671)
Stock based compensation and other	3,606	38	3,568
Stock repurchases	(27,793)	(759)	(27,034)
Net change in unrealized gains and losses on investments	(3,941)				(3,941)
Net realized gain reclassification	(782)				(782)
Foreign currency translation adjustments	(4,256)				(4,256)
Net income attributable to noncontrolling interests	4,623						4,623
Subsidiary dividends paid to noncontrolling interests	(3,638)						(3,638)
Net effect of changes in ownership and other	78		(80)				158
Ending balance at Jun. 30, 2015	$ 667,337	$ 23,637	$ 155,659	$ 478,720	$ 3,576	$ (2,666)	$ 8,411

Interim financial statements

Interim financial statements	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Interim financial statements	Interim financial statements. The financial information contained in this report for the three and six months ended June 30, 2015 and 2014 , and as of June 30, 2015 , is unaudited. This report should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 . A. Management’s responsibility. The accompanying interim financial statements were prepared by management, who is responsible for their integrity and objectivity. These financial statements have been prepared in conformity with U.S. generally accepted accounting principles (GAAP), including management’s best judgments and estimates. In the opinion of management, all adjustments necessary for a fair presentation of this information for all interim periods, consisting only of normal recurring accruals, have been made. The Company’s results of operations for interim periods are not necessarily indicative of results for a full year and actual results could differ. B. Consolidation. The condensed consolidated financial statements include all subsidiaries in which the Company owns more than 50% voting rights in electing directors. All significant intercompany amounts and transactions have been eliminated and provisions have been made for noncontrolling interests. Unconsolidated investees, in which the Company typically owns 20% through 50% of the equity, are accounted for by the equity method. C. Reclassifications. Certain amounts in the 2014 interim financial statements have been reclassified for comparative purposes. Net income (loss) attributable to Stewart, as previously reported, was not affected. D. Restrictions on cash and investments. The Company maintains investments in accordance with certain statutory requirements for the funding of statutory premium reserves. Statutory reserve funds, which approximated $474.2 million and $438.5 million at June 30, 2015 and December 31, 2014 , respectively, are required to be fully funded and invested in high-quality securities and short-term investments. In addition, included within cash and cash equivalents are statutory reserve funds of approximately $20.1 million and $57.4 million at June 30, 2015 and December 31, 2014 , respectively. These cash statutory reserve funds are not restricted or segregated in depository accounts. If the Company fails to maintain minimum investments or cash and cash equivalents to meet statutory requirements, the Company may be subject to fines or other penalties, including potential revocation of its business license. These funds are not available for any other purpose. In the event that insurance regulators adjust the determination of the statutory premium reserves of the Company’s title insurers, these restricted funds as well as statutory surplus would correspondingly increase or decrease.

Investments in debt and equity

Investments in debt and equity securities available-for-sale	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investments in debt and equity securities available-for-sale	Investments in debt and equity securities available-for-sale. The amortized costs and fair values follow: June 30, 2015 December 31, 2014 Amortized costs Fair values Amortized costs Fair values ($000 omitted) Debt securities: Municipal 61,493 62,022 60,656 61,689 Corporate 289,187 297,040 296,578 308,691 Foreign 157,495 161,346 163,099 166,685 U.S. Treasury Bonds 13,804 14,111 14,337 14,802 Equity securities 29,347 32,264 22,710 28,236 551,326 566,783 557,380 580,103 Foreign debt securities consist primarily of Canadian government and corporate bonds, United Kingdom treasury bonds, and Mexican government bonds. Equity securities consist of common stocks and master limited partnerships. Gross unrealized gains and losses were: June 30, 2015 December 31, 2014 Gains Losses Gains Losses ($000 omitted) Debt securities: Municipal 834 305 1,125 92 Corporate 10,158 2,305 12,559 446 Foreign 4,111 260 3,690 104 U.S. Treasury Bonds 313 6 492 27 Equity securities 3,878 961 5,982 456 19,294 3,837 23,848 1,125 Debt securities as of June 30, 2015 mature, according to their contractual terms, as follows (actual maturities may differ due to call or prepayment rights): Amortized costs Fair values ($000 omitted) In one year or less 44,224 44,589 After one year through five years 226,379 232,501 After five years through ten years 213,073 218,150 After ten years 38,303 39,279 521,979 534,519 Gross unrealized losses on investments and the fair values of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2015 , were: Less than 12 months More than 12 months Total Losses Fair values Losses Fair values Losses Fair values ($000 omitted) Debt securities: Municipal 247 12,126 58 11,430 305 23,556 Corporate 1,472 22,688 833 31,840 2,305 54,528 Foreign 106 4,670 154 4,826 260 9,496 U.S. Treasury Bonds 4 1,196 2 3,597 6 4,793 Equity securities 961 11,637 — — 961 11,637 2,790 52,317 1,047 51,693 3,837 104,010 The number of investments in an unrealized loss position as of June 30, 2015 was 128 , 32 of which were in unrealized loss positions for more than 12 months. Since the Company does not intend to sell and will more-likely-than-not maintain each investment security until its maturity or anticipated recovery, and no significant credit risk is deemed to exist, these investments are not considered other-than-temporarily impaired. Gross unrealized losses on investments and the fair values of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2014 , were: Less than 12 months More than 12 months Total Losses Fair values Losses Fair values Losses Fair values ($000 omitted) Debt securities: Municipal 1 2,673 91 12,076 92 14,749 Corporate 107 7,167 339 26,545 446 33,712 Foreign 11 34,236 93 6,446 104 40,682 U.S. Treasury Bonds — — 27 3,694 27 3,694 Equity securities 456 6,540 — — 456 6,540 575 50,616 550 48,761 1,125 99,377 The Company believes its investment portfolio is diversified and expects no material loss to result from the failure to perform by issuers of the debt securities it holds. Investments made by the Company are not collateralized. Equity securities consist of common stocks and master limited partnerships.

Fair value measurements

Fair value measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair value measurements	Fair value measurements. The Fair Value Measurements and Disclosures Topic of the Financial Accounting Standards Board (FASB) Accounting Standards Codification defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal, or most advantageous, market for the asset or liability in an orderly transaction between market participants at the measurement date. The Fair Value Measurements and Disclosures Topic establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs when possible. The three levels of inputs used to measure fair value are as follows: • Level 1 – quoted prices in active markets for identical assets or liabilities; • Level 2 – observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data; and • Level 3 – unobservable inputs that are supported by little or no market activity and that are significant to the fair values of the assets or liabilities, including certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. As of June 30, 2015 , financial instruments measured at fair value on a recurring basis are summarized below: Level 1 Level 2 Fair value measurements ($000 omitted) Investments available-for-sale: Debt securities: Municipal — 62,022 62,022 Corporate — 297,040 297,040 Foreign — 161,346 161,346 U.S. Treasury Bonds — 14,111 14,111 Equity securities 32,264 — 32,264 32,264 534,519 566,783 As of December 31, 2014 , financial instruments measured at fair value on a recurring basis are summarized below: Level 1 Level 2 Fair value measurements ($000 omitted) Investments available-for-sale: Debt securities: Municipal — 61,689 61,689 Corporate — 308,691 308,691 Foreign — 166,685 166,685 U.S. Treasury Bonds — 14,802 14,802 Equity securities 28,236 — 28,236 28,236 551,867 580,103 As of June 30, 2015 , Level 1 financial instruments consist of equity securities. Level 2 financial instruments consist of municipal, governmental and corporate bonds, both U.S. and foreign. In accordance with the Company’s policies and guidelines which incorporate relevant statutory requirements, the Company’s third-party registered investment manager invests only in securities rated as investment grade or higher by the major rating services, where observable valuation inputs are significant. All municipal, foreign, and U.S. Treasury bonds are valued using a third-party pricing service, and the corporate bonds are valued using the market approach, which includes three to ten inputs from relevant market sources, including Financial Industry Regulatory Authority’s (FINRA) Trade Reporting and Compliance Engine (TRACE) and independent broker/dealer quotes, bids and offerings, as well as other relevant market data, such as securities with similar characteristics (i.e. sector, rating, maturity, etc.). Broker/dealer quotes, bids and offerings mentioned above are gathered (typically three to ten) and a consensus risk premium spread (credit spread) over risk-free Treasury yields is developed from the inputs obtained, which is then used to calculate the resulting fair value. There were no transfers of investments between Level 1 and Level 2 during the six months ended June 30, 2015 and 2014.

Investment income

Investment income	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investment income	Investment income. Gross realized investment and other gains and losses follows: For the Three Months Ended For the Six Months Ended 2015 2014 2015 2014 ($000 omitted) Realized gains 674 323 2,228 707 Realized losses (285 ) (987 ) (688 ) (1,231 ) 389 (664 ) 1,540 (524 ) Expenses assignable to investment income were insignificant. There were no significant investments as of June 30, 2015 that did not produce income during the year. For the six months ended June 30, 2015 and 2014 , investment and other (losses) gains – net included $0.4 million and $1.1 million , respectively, of non-cash charges relating to office closure costs, offset by net realized gains from the sale of debt and equity available-for-sale investments. Proceeds from the sale of investments available-for-sale follows: For the Three Months Ended For the Six Months Ended 2015 2014 2015 2014 ($000 omitted) Proceeds from sale of investments available-for-sale 20,604 3,299 44,505 14,475

Share-based incentives

Share-based incentives	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based incentives	Share-based incentives . In January 2015 and 2014, respectively, the Company granted executives and senior management shares of restricted common stock which are time-based and vest at the end of three years . The Company also granted performance-based shares which vest upon achievement of certain financial objectives over a period of three years . The aggregate fair values of these awards at grant date in 2015 and 2014 were $4.2 million ( 113,000 shares with an average grant price of $ 37.04 ) and $4.0 million ( 124,000 shares with an average grant price of $ 32.22 ), respectively. During the quarter ended June 30, 2015, 5,000 additional shares were issued to certain executive employees at an aggregate fair value of $0.2 million and average grant price of $39.34 . Awards were made pursuant to the Company’s employee incentive compensation plans and the compensation expense associated with restricted stock awards is recognized over the corresponding vesting period.

Earnings per share

Earnings per share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings per share	Earnings per share. The Company’s basic earnings per share attributable to Stewart was calculated by dividing net income (loss) attributable to Stewart by the weighted-average number of shares of Common Stock and Class B Common Stock outstanding during the reporting periods. To calculate diluted earnings per share, net income and number of shares are adjusted for the effects of any dilutive shares. Using the if-converted method, net income are adjusted for interest expense, net of any tax effects, applicable to the Convertible Senior Notes, which were fully converted into common stock during October 2014. The number of shares is adjusted by adding the number of dilutive shares, assuming they are issued, during the same reporting period. The treasury stock method is used to calculate the dilutive number of shares related to the Company’s long term incentive and stock option plans. Since the Company reported a net loss for the six months ended June 30, 2014, the related diluted earnings per share was not calculated. The calculation of the basic and diluted earnings per share is as follows: For the Three Months Ended For the Six Months Ended 2015 2014 2015 2014 ($000 omitted) Numerator: Net income (loss) attributable to Stewart 17,106 6,279 4,658 (5,828 ) Interest expense, net of tax effects — 314 — — If-converted net income (loss) attributable to Stewart 17,106 6,593 4,658 (5,828 ) Denominator (000): Basic average shares outstanding 23,624 22,476 23,806 22,491 Dilutive average number of shares relating to options 2 1 2 — Dilutive average number of shares relating to convertible senior notes — 2,087 — — Dilutive average number of shares relating to restricted shares grant 169 284 167 — Dilutive average shares outstanding 23,795 24,848 23,975 22,491 Basic earnings (loss) per share attributable to Stewart 0.72 0.28 0.20 (0.26 ) Diluted earnings (loss) per share attributable to Stewart 0.72 0.27 0.19 (0.26 )

Contingent liabilities and comm

Contingent liabilities and commitments	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingent liabilities and commitments	Contingent liabilities and commitments. In the ordinary course of business, the Company guarantees the third-party indebtedness of certain of its consolidated subsidiaries. As of June 30, 2015 , the maximum potential future payments on the guarantees are not more than the related notes payable recorded in the condensed consolidated balance sheets. The Company also guarantees the indebtedness related to lease obligations of certain of its consolidated subsidiaries. The maximum future obligations arising from these lease-related guarantees are not more than the Company’s future minimum lease payments. As of June 30, 2015 , the Company also had unused letters of credit aggregating $5.4 million related to workers’ compensation and other insurance. The Company does not expect to make any payments on these guarantees.

Segment information

Segment information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment information	Segment information. The Company’s three reportable operating segments are title insurance and related services (title), mortgage services and corporate. The title segment provides services needed to transfer the title to property in a real estate transaction. These services include searching, examining, closing and insuring the condition of the title to the property. The title segment also includes home and personal insurance services and Internal Revenue Code Section 1031 tax-deferred exchanges. The mortgage services segment includes a diverse group of products and services provided to multiple markets. These services include providing origination and servicing support; default and REO services; post-closing outsourcing; portfolio due diligence; mortgage compliance solutions; servicer oversight to residential mortgage lenders, servicers and investors; technology to support the real estate transaction, and centralized title and valuation services to large lenders. The corporate segment consists of the expenses of the parent holding company, certain other corporate overhead expenses, and the costs of its centralized support operations not otherwise allocated to the operating segments. The revenues for the segment are primarily related to investment income. Selected statement of operations and income (loss) information related to these segments are as follows: For the Three Months Ended For the Six Months Ended 2015 2014 2015 2014 ($000 omitted) Revenues: Title 468,985 406,018 849,354 770,227 Mortgage services 58,031 35,820 121,741 61,076 Corporate 4,890 5,000 9,683 9,111 531,906 446,838 980,778 840,414 Intersegment revenues: Mortgage services 241 104 481 209 Depreciation and amortization: Title 2,151 1,446 4,206 2,814 Mortgage services 2,897 1,860 5,754 2,979 Corporate 2,226 1,749 4,419 3,657 7,274 5,055 14,379 9,450 Income (loss) before taxes and noncontrolling interests: Title 72,769 45,621 92,401 63,451 Mortgage services (3,346 ) (2,323 ) (691 ) (4,246 ) Corporate (38,391 ) (31,762 ) (79,553 ) (66,255 ) 31,032 11,536 12,157 (7,050 ) The Company does not provide asset information by reportable operating segment as it does not routinely evaluate the asset position by segment. Revenues generated in the United States and all international operations are as follows: For the Three Months Ended 2015 2014 ($000 omitted) United States 502,968 413,338 International 28,938 33,500 531,906 446,838

Regulatory and legal developmen

Regulatory and legal developments	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Regulatory and legal developments	Regulatory and legal developments. In January 2009, an action was filed by individuals against Stewart Title Guaranty Company (Guaranty), Stewart Title of California, Inc., Cuesta Title Company and others in the Superior Court of California for the County of San Luis Obispo alleging that the plaintiffs had suffered damages relating to loans they made through Hurst Financial Corporation to an individual named Kelly Gearhart and entities controlled by Gearhart. Thereafter, several other lawsuits making similar allegations, including a lawsuit filed by several hundred individuals, were filed in San Luis Obispo Superior Court, and one such lawsuit was removed to the United States District Court for the Central District of California, which was dismissed and then refiled in San Luis Obispo Superior Court. The defendants vary from case to case, but Stewart Information Services Corporation, Stewart Title Company and Stewart Title Insurance Company were also each sued in at least one of the cases. Following several years of discovery and other pretrial proceedings, the Court conducted a bellwether jury trial of the claims of eight of the plaintiffs, four selected by plaintiffs and four selected by defendants, starting on August 5, 2013. The eight plaintiffs in the bellwether jury trial each asserted claims against Cuesta Title Company, Stewart Title of California, and Guaranty. One plaintiff in the bellwether jury trial also asserted claims against Stewart Title Company; the Court granted Stewart Title Company’s motion for non-suit after the close of plaintiffs’ case. On October 8, 2013, the jury returned a verdict in favor of Cuesta Title Company, Stewart Title of California, and Guaranty on every one of every plaintiff’s claims against them. On January 30, 2014, the Court denied plaintiffs’ motion for new trial. On February 28, 2014, plaintiffs filed their notices of appeal from the verdict in the bellwether jury trial. Rather than incur additional time and expenses associated with these actions, the Company announced on June 11, 2014, the settlement with approximately 500 plaintiffs representing more than 90 percent of the total number of plaintiffs, pursuant to which it agreed to pay $10.53 million . The settlement agreement involved no admission of liability or violation of law by the defendants and bars the plaintiffs from pursuing further associated claims against the defendants. A bench trial of the claims of two non-settling plaintiffs started on January 5, 2015. On April 17, 2015, the Court issued its Statement of Decision in favor of all defendants on the claims of both plaintiffs, after which those two plaintiffs agreed to settle. Thereafter, all but seven of the remaining plaintiffs settled. A jury trial of the claims of the seven remaining non-settling plaintiffs started on May 14, 2015. The Court granted Guaranty’s motion for non-suit after the close of plaintiffs’ case. On June 23 and 25, 2015, the jury returned verdicts in favor of Stewart Title of California and Cuesta Title Company as to the claims of five of the seven plaintiffs but returned verdicts in favor of two plaintiffs against Stewart Title of California and Cuesta Title Company in the combined amount of approximately $4.5 million , including pre-judgment interest. The post-trial motion process is underway; rulings thereon are not expected until late August 2015, at the earliest. Although the Company cannot predict the ultimate outcome of these motions or any possible subsequent appeals, it will vigorously defend itself and does not believe that the ultimate outcome relating to the remaining seven plaintiffs will be material to its consolidated financial condition or results of operations. * * * In April 2008, Credit Suisse AG, Cayman Islands Branch (Credit Suisse) asserted a claim under a Guaranty policy of title insurance dated on or about May 19, 2006 based upon the alleged priority of mechanic’s and materialmen’s liens on a resort development in the State of Idaho known as Tamarack. Guaranty ultimately undertook the defense of the claim under a reservation of rights. For reasons set forth in Guaranty's complaint, on or about May 18, 2011, Guaranty withdrew its defense of Credit Suisse and filed a declaratory judgment action in the United States District Court for the District of Idaho captioned Stewart Title Guaranty Company v. Credit Suisse AG, Cayman Islands Branch seeking a declaratory judgment and other relief. In the lawsuit Guaranty sought, among other things, a determination that it had no duty to indemnify Credit Suisse and sought to have certain provisions of the title insurance policy rescinded. Credit Suisse counterclaimed for, among other things, bad faith failure to pay the claim. On August 29, 2013, the United States District Court for the District of Idaho rendered an opinion on Credit Suisse’s Motion for Partial Summary Judgment. In its opinion the Court, among other things more fully set forth in said opinion, granted Credit Suisse’s motion negating certain policy defenses to coverage asserted by Guaranty. The Court also granted Credit Suisse’s Motion to Amend and permitted the assertion of punitive damages against Guaranty. Guaranty’s Motion to Reconsider the Court’s August 29, 2013 was denied. Guaranty’s Motion for Summary Judgment based on Credit Suisse’s lack of standing to pursue its counter claims, and other grounds was denied on February 26, 2015. A twenty day jury trial is set to begin on September 3, 2015. Although the Company cannot predict the outcome of this matter, Guaranty is vigorously prosecuting this litigation and does not believe that the ultimate outcome will have a material adverse impact on its consolidated financial condition or results of operations. * * * The Company is subject to other claims and lawsuits arising in the ordinary course of its business, most of which involve disputed policy claims. In some of these lawsuits, the plaintiff seeks exemplary or treble damages in excess of policy limits. The Company does not expect that any of these proceedings will have a material adverse effect on its consolidated financial condition or results of operations. Along with the other major title insurance companies, the Company is party to a number of class action lawsuits concerning the title insurance industry. The Company believes that it has adequate reserves for the various litigation matters and contingencies discussed above and that the likely resolution of these matters will not materially affect its consolidated financial condition or results of operations. The Company is subject to administrative actions and litigation relating to the basis on which premium taxes are paid in certain states. Additionally, the Company has received various other inquiries from governmental regulators concerning practices in the insurance industry. Many of these practices do not concern title insurance. The Company believes that it has adequately reserved for these matters and does not anticipate that the outcome of these inquiries will materially affect its consolidated financial condition or results of operations. The Company is subject to various other administrative actions and inquiries into its business conduct in certain of the states in which it operates. While the Company cannot predict the outcome of the various regulatory and administrative matters, it believes that it has adequately reserved for these matters and does not anticipate that the outcome of any of these matters will materially affect its consolidated financial condition or results of operations.

Other comprehensive (loss) inco

Other comprehensive (loss) income	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Other comprehensive (loss) income	Other comprehensive (loss) income. Changes in the balances of each component of other comprehensive (loss) income and the related tax effects are as follows: For the Three Months Ended For the Three Months Ended Before-Tax Amount Tax Expense (Benefit) Net-of-Tax Amount Before-Tax Amount Tax Expense (Benefit) Net-of-Tax Amount ($000 omitted) ($000 omitted) Foreign currency translation adjustments 2,514 271 2,243 6,037 1,908 4,129 Unrealized (losses) gains on investments: Change in unrealized (losses) gains on investments (10,308 ) (3,608 ) (6,700 ) 5,702 1,996 3,706 Less: reclassification adjustment for net gains included in net income (201 ) (70 ) (131 ) (96 ) (34 ) (62 ) Net unrealized (losses) gains (10,509 ) (3,678 ) (6,831 ) 5,606 1,962 3,644 Other comprehensive (loss) income (7,995 ) (3,407 ) (4,588 ) 11,643 3,870 7,773 For the Six Months Ended For the Six Months Ended Before-Tax Amount Tax Expense (Benefit) Net-of-Tax Amount Before-Tax Amount Tax Expense (Benefit) Net-of-Tax Amount ($000 omitted) ($000 omitted) Foreign currency translation adjustments (6,428 ) (2,172 ) (4,256 ) 1,898 177 1,721 Unrealized (losses) gains on investments: Change in unrealized (losses) gains on investments (6,063 ) (2,122 ) (3,941 ) 12,103 4,236 7,867 Less: reclassification adjustment for net gains included in net income (1,203 ) (421 ) (782 ) (298 ) (105 ) (193 ) Net unrealized (losses) gains (7,266 ) (2,543 ) (4,723 ) 11,805 4,131 7,674 Other comprehensive (loss) income (13,694 ) (4,715 ) (8,979 ) 13,703 4,308 9,395

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill. A summary of changes in goodwill for the period ended June 30, 2015 is as follows: Title Mortgage Services Total ($000 omitted) Balances at December 31, 2014 202,002 49,866 251,868 Acquisitions 7,220 — 7,220 Purchase adjustments — (5,681 ) (5,681 ) Disposals (168 ) — (168 ) Balances at June 30, 2015 209,054 44,185 253,239 The purchase adjustments recorded for the period ended June 30, 2015 were related to the remeasurement of assumed liabilities related to certain acquisitions during the second quarter of 2014.

Interim financial statements (P

Interim financial statements (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Management's responsibility	Management’s responsibility. The accompanying interim financial statements were prepared by management, who is responsible for their integrity and objectivity. These financial statements have been prepared in conformity with U.S. generally accepted accounting principles (GAAP), including management’s best judgments and estimates. In the opinion of management, all adjustments necessary for a fair presentation of this information for all interim periods, consisting only of normal recurring accruals, have been made. The Company’s results of operations for interim periods are not necessarily indicative of results for a full year and actual results could differ.
Consolidation	Consolidation. The condensed consolidated financial statements include all subsidiaries in which the Company owns more than 50% voting rights in electing directors. All significant intercompany amounts and transactions have been eliminated and provisions have been made for noncontrolling interests. Unconsolidated investees, in which the Company typically owns 20% through 50% of the equity, are accounted for by the equity method.
Reclassifications	Reclassifications. Certain amounts in the 2014 interim financial statements have been reclassified for comparative purposes. Net income (loss) attributable to Stewart, as previously reported, was not affected.
Restrictions on cash and investments	Restrictions on cash and investments. The Company maintains investments in accordance with certain statutory requirements for the funding of statutory premium reserves. Statutory reserve funds, which approximated $474.2 million and $438.5 million at June 30, 2015 and December 31, 2014 , respectively, are required to be fully funded and invested in high-quality securities and short-term investments. In addition, included within cash and cash equivalents are statutory reserve funds of approximately $20.1 million and $57.4 million at June 30, 2015 and December 31, 2014 , respectively. These cash statutory reserve funds are not restricted or segregated in depository accounts. If the Company fails to maintain minimum investments or cash and cash equivalents to meet statutory requirements, the Company may be subject to fines or other penalties, including potential revocation of its business license. These funds are not available for any other purpose. In the event that insurance regulators adjust the determination of the statutory premium reserves of the Company’s title insurers, these restricted funds as well as statutory surplus would correspondingly increase or decrease.

Investments in debt and equit19

Investments in debt and equity securities available-for-sale (Tables)	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Amortized Costs and Fair Values	The amortized costs and fair values follow: June 30, 2015 December 31, 2014 Amortized costs Fair values Amortized costs Fair values ($000 omitted) Debt securities: Municipal 61,493 62,022 60,656 61,689 Corporate 289,187 297,040 296,578 308,691 Foreign 157,495 161,346 163,099 166,685 U.S. Treasury Bonds 13,804 14,111 14,337 14,802 Equity securities 29,347 32,264 22,710 28,236 551,326 566,783 557,380 580,103
Gross Unrealized Gains and Losses	Gross unrealized gains and losses were: June 30, 2015 December 31, 2014 Gains Losses Gains Losses ($000 omitted) Debt securities: Municipal 834 305 1,125 92 Corporate 10,158 2,305 12,559 446 Foreign 4,111 260 3,690 104 U.S. Treasury Bonds 313 6 492 27 Equity securities 3,878 961 5,982 456 19,294 3,837 23,848 1,125
Debt Securities According to Contractual Terms	Debt securities as of June 30, 2015 mature, according to their contractual terms, as follows (actual maturities may differ due to call or prepayment rights): Amortized costs Fair values ($000 omitted) In one year or less 44,224 44,589 After one year through five years 226,379 232,501 After five years through ten years 213,073 218,150 After ten years 38,303 39,279 521,979 534,519
Gross Unrealized Losses on Investments and Fair Values of Related Securities	Gross unrealized losses on investments and the fair values of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2015 , were: Less than 12 months More than 12 months Total Losses Fair values Losses Fair values Losses Fair values ($000 omitted) Debt securities: Municipal 247 12,126 58 11,430 305 23,556 Corporate 1,472 22,688 833 31,840 2,305 54,528 Foreign 106 4,670 154 4,826 260 9,496 U.S. Treasury Bonds 4 1,196 2 3,597 6 4,793 Equity securities 961 11,637 — — 961 11,637 2,790 52,317 1,047 51,693 3,837 104,010 Gross unrealized losses on investments and the fair values of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2014 , were: Less than 12 months More than 12 months Total Losses Fair values Losses Fair values Losses Fair values ($000 omitted) Debt securities: Municipal 1 2,673 91 12,076 92 14,749 Corporate 107 7,167 339 26,545 446 33,712 Foreign 11 34,236 93 6,446 104 40,682 U.S. Treasury Bonds — — 27 3,694 27 3,694 Equity securities 456 6,540 — — 456 6,540 575 50,616 550 48,761 1,125 99,377

Fair value measurements (Tables

Fair value measurements (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Financial Instruments Measured at Fair Value on Recurring Basis	As of June 30, 2015 , financial instruments measured at fair value on a recurring basis are summarized below: Level 1 Level 2 Fair value measurements ($000 omitted) Investments available-for-sale: Debt securities: Municipal — 62,022 62,022 Corporate — 297,040 297,040 Foreign — 161,346 161,346 U.S. Treasury Bonds — 14,111 14,111 Equity securities 32,264 — 32,264 32,264 534,519 566,783 As of December 31, 2014 , financial instruments measured at fair value on a recurring basis are summarized below: Level 1 Level 2 Fair value measurements ($000 omitted) Investments available-for-sale: Debt securities: Municipal — 61,689 61,689 Corporate — 308,691 308,691 Foreign — 166,685 166,685 U.S. Treasury Bonds — 14,802 14,802 Equity securities 28,236 — 28,236 28,236 551,867 580,103

Investment income (Tables)

Investment income (Tables)	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Gross Realized Investment and Other Gains and Losses	Gross realized investment and other gains and losses follows: For the Three Months Ended For the Six Months Ended 2015 2014 2015 2014 ($000 omitted) Realized gains 674 323 2,228 707 Realized losses (285 ) (987 ) (688 ) (1,231 ) 389 (664 ) 1,540 (524 )
Proceeds from Sale of Investments Available-for-Sale	Proceeds from the sale of investments available-for-sale follows: For the Three Months Ended For the Six Months Ended 2015 2014 2015 2014 ($000 omitted) Proceeds from sale of investments available-for-sale 20,604 3,299 44,505 14,475

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The calculation of the basic and diluted earnings per share is as follows: For the Three Months Ended For the Six Months Ended 2015 2014 2015 2014 ($000 omitted) Numerator: Net income (loss) attributable to Stewart 17,106 6,279 4,658 (5,828 ) Interest expense, net of tax effects — 314 — — If-converted net income (loss) attributable to Stewart 17,106 6,593 4,658 (5,828 ) Denominator (000): Basic average shares outstanding 23,624 22,476 23,806 22,491 Dilutive average number of shares relating to options 2 1 2 — Dilutive average number of shares relating to convertible senior notes — 2,087 — — Dilutive average number of shares relating to restricted shares grant 169 284 167 — Dilutive average shares outstanding 23,795 24,848 23,975 22,491 Basic earnings (loss) per share attributable to Stewart 0.72 0.28 0.20 (0.26 ) Diluted earnings (loss) per share attributable to Stewart 0.72 0.27 0.19 (0.26 )

Segment information (Tables)

Segment information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Selected Statement of Operations and Income (Loss) Information Related to Segments	Selected statement of operations and income (loss) information related to these segments are as follows: For the Three Months Ended For the Six Months Ended 2015 2014 2015 2014 ($000 omitted) Revenues: Title 468,985 406,018 849,354 770,227 Mortgage services 58,031 35,820 121,741 61,076 Corporate 4,890 5,000 9,683 9,111 531,906 446,838 980,778 840,414 Intersegment revenues: Mortgage services 241 104 481 209 Depreciation and amortization: Title 2,151 1,446 4,206 2,814 Mortgage services 2,897 1,860 5,754 2,979 Corporate 2,226 1,749 4,419 3,657 7,274 5,055 14,379 9,450 Income (loss) before taxes and noncontrolling interests: Title 72,769 45,621 92,401 63,451 Mortgage services (3,346 ) (2,323 ) (691 ) (4,246 ) Corporate (38,391 ) (31,762 ) (79,553 ) (66,255 ) 31,032 11,536 12,157 (7,050 )
Revenues Generated in Domestic and All International Operations	Revenues generated in the United States and all international operations are as follows: For the Three Months Ended 2015 2014 ($000 omitted) United States 502,968 413,338 International 28,938 33,500 531,906 446,838

Other comprehensive (loss) in24

Other comprehensive (loss) income (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Schedule of Changes in the Balances of Each Component of Other Comprehensive (Loss) Income	Changes in the balances of each component of other comprehensive (loss) income and the related tax effects are as follows: For the Three Months Ended For the Three Months Ended Before-Tax Amount Tax Expense (Benefit) Net-of-Tax Amount Before-Tax Amount Tax Expense (Benefit) Net-of-Tax Amount ($000 omitted) ($000 omitted) Foreign currency translation adjustments 2,514 271 2,243 6,037 1,908 4,129 Unrealized (losses) gains on investments: Change in unrealized (losses) gains on investments (10,308 ) (3,608 ) (6,700 ) 5,702 1,996 3,706 Less: reclassification adjustment for net gains included in net income (201 ) (70 ) (131 ) (96 ) (34 ) (62 ) Net unrealized (losses) gains (10,509 ) (3,678 ) (6,831 ) 5,606 1,962 3,644 Other comprehensive (loss) income (7,995 ) (3,407 ) (4,588 ) 11,643 3,870 7,773 For the Six Months Ended For the Six Months Ended Before-Tax Amount Tax Expense (Benefit) Net-of-Tax Amount Before-Tax Amount Tax Expense (Benefit) Net-of-Tax Amount ($000 omitted) ($000 omitted) Foreign currency translation adjustments (6,428 ) (2,172 ) (4,256 ) 1,898 177 1,721 Unrealized (losses) gains on investments: Change in unrealized (losses) gains on investments (6,063 ) (2,122 ) (3,941 ) 12,103 4,236 7,867 Less: reclassification adjustment for net gains included in net income (1,203 ) (421 ) (782 ) (298 ) (105 ) (193 ) Net unrealized (losses) gains (7,266 ) (2,543 ) (4,723 ) 11,805 4,131 7,674 Other comprehensive (loss) income (13,694 ) (4,715 ) (8,979 ) 13,703 4,308 9,395

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes in Goodwill	A summary of changes in goodwill for the period ended June 30, 2015 is as follows: Title Mortgage Services Total ($000 omitted) Balances at December 31, 2014 202,002 49,866 251,868 Acquisitions 7,220 — 7,220 Purchase adjustments — (5,681 ) (5,681 ) Disposals (168 ) — (168 ) Balances at June 30, 2015 209,054 44,185 253,239

Interim financial statements -

Interim financial statements - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Percentage of voting rights owned in electing directors	50.00%
Statutory reserve funds, investments	$ 474,222	$ 438,511
Statutory Reserve
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Statutory reserve funds, cash and cash equivalents	$ 20,100	$ 57,400
Minimum | Stewart Information Services Corporation and subsidiaries
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Percentage of voting rights owned in electing directors	20.00%
Maximum | Stewart Information Services Corporation and subsidiaries
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Percentage of voting rights owned in electing directors	50.00%

Investments in debt and equit27

Investments in debt and equity securities available-for-sale - Amortized Costs and Fair Values (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Debt securities, Amortized costs	$ 521,979
Equity securities, Amortized costs	29,347	$ 22,710
Total, Amortized costs	551,326	557,380
Debt securities, Fair values	534,519
Equity securities, Fair values	32,264	28,236
Available for sale securities, Total	566,783	580,103
Municipal
Schedule of Available-for-sale Securities [Line Items]
Debt securities, Amortized costs	61,493	60,656
Debt securities, Fair values	62,022	61,689
Corporate
Schedule of Available-for-sale Securities [Line Items]
Debt securities, Amortized costs	289,187	296,578
Debt securities, Fair values	297,040	308,691
Foreign
Schedule of Available-for-sale Securities [Line Items]
Debt securities, Amortized costs	157,495	163,099
Debt securities, Fair values	161,346	166,685
U.S. Treasury Bonds
Schedule of Available-for-sale Securities [Line Items]
Debt securities, Amortized costs	13,804	14,337
Debt securities, Fair values	$ 14,111	$ 14,802

Investments in debt and equit28

Investments in debt and equity securities available-for-sale - Gross Unrealized Gains and Losses (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized gains	$ 19,294	$ 23,848
Gross unrealized losses	3,837	1,125
Municipal
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized gains	834	1,125
Gross unrealized losses	305	92
Corporate
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized gains	10,158	12,559
Gross unrealized losses	2,305	446
Foreign
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized gains	4,111	3,690
Gross unrealized losses	260	104
U.S. Treasury Bonds
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized gains	313	492
Gross unrealized losses	6	27
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized gains	3,878	5,982
Gross unrealized losses	$ 961	$ 456

Investments in debt and equit29

Investments in debt and equity securities available-for-sale - Debt Securities According to Contractual Terms (Detail) $ in Thousands	Jun. 30, 2015USD ($)
Investments, Debt and Equity Securities [Abstract]
Amortized costs, In one year or less	$ 44,224
Amortized costs, After one year through five years	226,379
Amortized costs, After five years through ten years	213,073
Amortized costs, After ten years	38,303
Amortized costs, Total	521,979
Fair Values, In one year or less	44,589
Fair Values, After one year through five years	232,501
Fair Values, After five years through ten years	218,150
Fair Values, After ten years	39,279
Debt securities, fair values total	$ 534,519

Investments in debt and equit30

Investments in debt and equity securities available-for-sale - Gross Unrealized Losses on Investments and Fair Values of Related Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Losses, Less than 12 months	$ 2,790	$ 575
Fair Values, Less than 12 months	52,317	50,616
Losses, More than 12 months	1,047	550
Fair Values, More than 12 months	51,693	48,761
Total Losses	3,837	1,125
Total Fair Values	104,010	99,377
Municipal
Schedule of Available-for-sale Securities [Line Items]
Losses, Less than 12 months	247	1
Fair Values, Less than 12 months	12,126	2,673
Losses, More than 12 months	58	91
Fair Values, More than 12 months	11,430	12,076
Total Losses	305	92
Total Fair Values	23,556	14,749
Corporate
Schedule of Available-for-sale Securities [Line Items]
Losses, Less than 12 months	1,472	107
Fair Values, Less than 12 months	22,688	7,167
Losses, More than 12 months	833	339
Fair Values, More than 12 months	31,840	26,545
Total Losses	2,305	446
Total Fair Values	54,528	33,712
Foreign
Schedule of Available-for-sale Securities [Line Items]
Losses, Less than 12 months	106	11
Fair Values, Less than 12 months	4,670	34,236
Losses, More than 12 months	154	93
Fair Values, More than 12 months	4,826	6,446
Total Losses	260	104
Total Fair Values	9,496	40,682
U.S. Treasury Bonds
Schedule of Available-for-sale Securities [Line Items]
Losses, Less than 12 months	4	0
Fair Values, Less than 12 months	1,196	0
Losses, More than 12 months	2	27
Fair Values, More than 12 months	3,597	3,694
Total Losses	6	27
Total Fair Values	4,793	3,694
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Losses, Less than 12 months	961	456
Fair Values, Less than 12 months	11,637	6,540
Losses, More than 12 months	0	0
Fair Values, More than 12 months	0	0
Total Losses	961	456
Total Fair Values	$ 11,637	$ 6,540

Investments in debt and equit31

Investments in debt and equity securities available-for-sale - Additional Information (Detail)	Jun. 30, 2015Investment
Investments, Debt and Equity Securities [Abstract]
Number of investments in an unrealized loss position	128
Number of investments in an unrealized loss positions for more than 12 months	32

Fair value measurements - Finan

Fair value measurements - Financial Instrument Measured at Fair Value on Recurring Basis (Detail) $ in Thousands	Jun. 30, 2015USD ($)input	Dec. 31, 2014USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair value measurements	$ 566,783	$ 580,103
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair value measurements	566,783	580,103
Fair Value, Measurements, Recurring | Municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair value measurements	62,022	61,689
Fair Value, Measurements, Recurring | Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair value measurements	297,040	308,691
Fair Value, Measurements, Recurring | Foreign
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair value measurements	161,346	166,685
Fair Value, Measurements, Recurring | U.S. Treasury Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair value measurements	14,111	14,802
Fair Value, Measurements, Recurring | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair value measurements	32,264	28,236
Level 1 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair value measurements	32,264	28,236
Level 1 | Fair Value, Measurements, Recurring | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair value measurements	32,264	28,236
Level 2 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair value measurements	534,519	551,867
Level 2 | Fair Value, Measurements, Recurring | Municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair value measurements	62,022	61,689
Level 2 | Fair Value, Measurements, Recurring | Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair value measurements	297,040	308,691
Level 2 | Fair Value, Measurements, Recurring | Foreign
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair value measurements	161,346	166,685
Level 2 | Fair Value, Measurements, Recurring | U.S. Treasury Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair value measurements	$ 14,111	$ 14,802
Minimum | Level 2 | Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of inputs used in fair value measurement | input	3
Maximum | Level 2 | Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of inputs used in fair value measurement | input	10

Investment income - Gross Reali

Investment income - Gross Realized Investment and Other Gains and Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Available for sale securities gross realized gain (loss)
Realized gains	$ 674	$ 323	$ 2,228	$ 707
Realized losses	(285)	(987)	(688)	(1,231)
Investment and other (losses) gains	$ 389	$ (664)	$ 1,540	$ (524)

Investment income - Proceeds fr

Investment income - Proceeds from the Sale of Investments Available-for-Sale (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Gain loss on sale of investments
Proceeds from sale of investments available-for-sale	$ 20,604	$ 3,299	$ 44,505	$ 14,475

Investment income - Additional

Investment income - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract]
Non-cash charges related to office closure costs	$ 0.4	$ 1.1

Share-based incentives - Additi

Share-based incentives - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended		3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jun. 30, 2015
Time-Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years	3 years
Performance-Based Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years	3 years
Restricted Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based incentives, value of shares issued	$ 4.2	$ 4	$ 0.2
Share-based incentives, shares issued	113,000	124,000	5,000
Average grant price	$ 37.04	$ 32.22	$ 39.34

Earnings per share (Details)

Earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Numerator:
Net income (loss) attributable to Stewart	$ 17,106	$ 6,279	$ 4,658	$ (5,828)
Interest expense, net of tax effects	0	314	0	0
If-converted net income (loss) attributable to Stewart	$ 17,106	$ 6,593	$ 4,658	$ (5,828)
Denominator (000):
Basic average shares outstanding	23,624	22,476	23,806	22,491
Dilutive average number of shares relating to convertible senior notes	0	2,087	0	0
Dilutive average shares outstanding	23,795	24,848	23,975	22,491
Basic earnings (loss) per share attributable to Stewart (usd per share)	$ 0.72	$ 0.28	$ 0.20	$ (0.26)
Dilutive earnings (loss) per share attributable to Stewart (usd per share)	$ 0.72	$ 0.27	$ 0.19	$ (0.26)
Stock Option
Denominator (000):
Dilutive average number of shares relating to share-based payment arrangements	2	1	2	0
Restricted Stock
Denominator (000):
Dilutive average number of shares relating to share-based payment arrangements	169	284	167	0

Contingent liabilities and co38

Contingent liabilities and commitments - Additional Information (Detail) $ in Millions	Jun. 30, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
Guarantee of indebtedness, relating to unused letters of credit	$ 5.4

Segment information - Additiona

Segment information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015Segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment information - Selected

Segment information - Selected Statement of Operations and Income (Loss) Information Related to Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Revenues	$ 531,906	$ 446,838	$ 980,778	$ 840,414
Depreciation and amortization	7,274	5,055	14,379	9,450
Income (loss) before taxes and noncontrolling interests	31,032	11,536	12,157	(7,050)
Operating Segments | Title
Segment Reporting Information [Line Items]
Revenues	468,985	406,018	849,354	770,227
Depreciation and amortization	2,151	1,446	4,206	2,814
Income (loss) before taxes and noncontrolling interests	72,769	45,621	92,401	63,451
Operating Segments | Mortgage Services
Segment Reporting Information [Line Items]
Revenues	58,031	35,820	121,741	61,076
Depreciation and amortization	2,897	1,860	5,754	2,979
Income (loss) before taxes and noncontrolling interests	(3,346)	(2,323)	(691)	(4,246)
Operating Segments | Corporate
Segment Reporting Information [Line Items]
Revenues	4,890	5,000	9,683	9,111
Depreciation and amortization	2,226	1,749	4,419	3,657
Income (loss) before taxes and noncontrolling interests	(38,391)	(31,762)	(79,553)	(66,255)
Intersegment Eliminations | Mortgage Services
Segment Reporting Information [Line Items]
Revenues	$ 241	$ 104	$ 481	$ 209

Segment information - Revenues

Segment information - Revenues Generated in United States and All International Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Revenues	$ 531,906	$ 446,838	$ 980,778	$ 840,414
United States
Segment Reporting Information [Line Items]
Revenues	502,968	413,338
International
Segment Reporting Information [Line Items]
Revenues	$ 28,938	$ 33,500

Regulatory and legal developm42

Regulatory and legal developments - Additional Information (Detail) $ in Thousands	Jun. 25, 2015USD ($)Plaintiff	Jun. 23, 2015Plaintiff	May. 14, 2015Plaintiff	Apr. 17, 2015Plaintiff	Jun. 11, 2014USD ($)Plaintiff	Aug. 05, 2013Plaintiffclaim
Hurst Financial Loans Litigation
Loss Contingencies [Line Items]
Litigation settlement | $					$ 10,530
Hurst Financial Loans Litigation | Settled Litigation
Loss Contingencies [Line Items]
Number of plaintiffs	2	5		2	500
Percent of total plaintiffs (more than)					90.00%
Litigation settlement | $	$ 4,500
Hurst Financial Loans Litigation | Pending Litigation
Loss Contingencies [Line Items]
Number of plaintiffs			7
Bellwether Trials
Loss Contingencies [Line Items]
Number of plaintiffs						8
Bellwether Jury Trial Claim Selected by Plaintiffs
Loss Contingencies [Line Items]
Bellwether jury trial claims pending | claim						4
Bellwether Jury Trial Claim Selected by Defendants
Loss Contingencies [Line Items]
Bellwether jury trial claims pending | claim						4
Hurst Financial Loans, Bellwether Trials, Including Stewart Title Company
Loss Contingencies [Line Items]
Number of plaintiffs						1

Other comprehensive (loss) in43

Other comprehensive (loss) income - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Equity [Abstract]
Foreign currency translation adjustments, before-tax amount	$ 2,514	$ 6,037	$ (6,428)	$ 1,898
Foreign currency translation adjustments, tax	271	1,908	(2,172)	177
Foreign currency translation adjustments, net-of-tax amount	2,243	4,129	(4,256)	1,721
Change in unrealized (losses) gains on investments, before-tax amount	(10,308)	5,702	(6,063)	12,103
Change in unrealized (losses) gains on investments, tax	(3,608)	1,996	(2,122)	4,236
Change in unrealized (losses) gains on investments, net-of-tax amount	(6,700)	3,706	(3,941)	7,867
Less: reclassification adjustment for net gains included in net income, before-tax amount	(201)	(96)	(1,203)	(298)
Less: reclassification adjustment for net gains included in net income, tax	(70)	(34)	(421)	(105)
Less: reclassification adjustment for net gains included in net income, net-of-tax amount	(131)	(62)	(782)	(193)
Net unrealized (losses) gains, before-tax amount	(10,509)	5,606	(7,266)	11,805
Net unrealized (losses) gains, tax	(3,678)	1,962	(2,543)	4,131
Net unrealized (losses) gains, net-of-tax amount	(6,831)	3,644	(4,723)	7,674
Other comprehensive (loss) income, before taxes	(7,995)	11,643	(13,694)	13,703
Other comprehensive (loss) income, tax	(3,407)	3,870	(4,715)	4,308
Other comprehensive (loss) income, net-of-tax amount	$ (4,588)	$ 7,773	$ (8,979)	$ 9,395

Goodwill (Details)

Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Goodwill
Balances at December 31, 2014	$ 251,868
Acquisitions	7,220
Purchase adjustments	(5,681)
Disposals	(168)
Balances at June 30, 2015	253,239
Title
Goodwill
Balances at December 31, 2014	202,002
Acquisitions	7,220
Purchase adjustments	0
Disposals	(168)
Balances at June 30, 2015	209,054
Mortgage Services
Goodwill
Balances at December 31, 2014	49,866
Acquisitions	0
Purchase adjustments	(5,681)
Disposals	0
Balances at June 30, 2015	$ 44,185