Stewart Information Services Corp. reported first-quarter net income of $54.2 million ($51.7 million on an adjusted basis) compared with $5.2 million ($13.3 million on an adjusted basis) a year ago. In the title segment, revenues increased by 42 percent.
The company reported a record first quarter margin of 10.7 percent (10.3 percent on an adjusted basis).
Read on for more from the company’s first quarter earnings report.