Latest news with #FredEppinger
Yahoo
20-03-2025
- Business
- Yahoo
Stewart Named a Winner of the 2025 USA Today Top Workplaces Award
HOUSTON, March 20, 2025--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE:STC) announced today that it has been once again named a winner of the USA Today Top Workplaces Award. Issued by Energage, a purpose-driven organization that develops solutions to build and brand Top Workplaces, the Top Workplaces program has a 15-year history of surveying more than 20 million employees and recognizing the top organizations across 60 markets for regional Top Workplaces awards. "At Stewart we are striving to be a destination for top talent in the title insurance and real estate industry," said Stewart CEO Fred Eppinger. "Over the years we have strengthened our Employee Value Proposition through a number of improvements to our employee benefits and programs as a direct result of employee feedback. Our employees are the driving-force behind our continued success for more than 130 years and I celebrate this notable recognition with them." Top Workplaces USA celebrates organizations with 150 or more employees that have built great cultures. Over 42,000 organizations were invited to participate in the Top Workplaces USA survey. Winners of the Top Workplaces USA list are chosen based solely on employee feedback gathered through an employee engagement survey, issued by Energage. Results are calculated by comparing the survey's research-based statements, including 15 Culture Drivers that are proven to predict high performance against industry benchmarks. "Additionally, we recently received a number of regional recognitions, as well as three Culture Excellence awards for Employee Appreciation, Employee Well-Being and Professional Development," continued Eppinger. "Our ongoing commitment to our employees is to put their health and wellness at the center of our culture as we continue to listen and focus on meaningful professional growth and development." "Earning a Top Workplaces award is a badge of honor for companies, especially because it comes authentically from their employees," said Eric Rubino, Energage CEO. "That's something to be proud of. In today's market, leaders must ensure they're allowing employees to have a voice and be heard. That's paramount. Top Workplaces do this, and it pays dividends." Stewart is committed to ensuring a better home for all through company culture, customer service excellence, and community and sustainability initiatives. Learn how Stewart is building a company for the next generation and beyond by visiting and find career opportunities at About Stewart Stewart (NYSE-STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™ and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage and real estate industries, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. At Stewart, we are dedicated to becoming the premier title services company and we are committed to doing so by partnering with our customers to create mutual success. Learn more at About Energage Making the world a better place to work together.™ Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 19 years of culture research and the results from 27 million employees surveyed across more than 70,000 organizations, Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance, Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. For more information or to nominate your organization, visit or View source version on Contacts John Chattaway, Stewart Media Relations(713) 625-8180; mediarelations@ Sign in to access your portfolio
Yahoo
20-03-2025
- Business
- Yahoo
Stewart Named a Winner of the 2025 USA Today Top Workplaces Award
HOUSTON, March 20, 2025--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE:STC) announced today that it has been once again named a winner of the USA Today Top Workplaces Award. Issued by Energage, a purpose-driven organization that develops solutions to build and brand Top Workplaces, the Top Workplaces program has a 15-year history of surveying more than 20 million employees and recognizing the top organizations across 60 markets for regional Top Workplaces awards. "At Stewart we are striving to be a destination for top talent in the title insurance and real estate industry," said Stewart CEO Fred Eppinger. "Over the years we have strengthened our Employee Value Proposition through a number of improvements to our employee benefits and programs as a direct result of employee feedback. Our employees are the driving-force behind our continued success for more than 130 years and I celebrate this notable recognition with them." Top Workplaces USA celebrates organizations with 150 or more employees that have built great cultures. Over 42,000 organizations were invited to participate in the Top Workplaces USA survey. Winners of the Top Workplaces USA list are chosen based solely on employee feedback gathered through an employee engagement survey, issued by Energage. Results are calculated by comparing the survey's research-based statements, including 15 Culture Drivers that are proven to predict high performance against industry benchmarks. "Additionally, we recently received a number of regional recognitions, as well as three Culture Excellence awards for Employee Appreciation, Employee Well-Being and Professional Development," continued Eppinger. "Our ongoing commitment to our employees is to put their health and wellness at the center of our culture as we continue to listen and focus on meaningful professional growth and development." "Earning a Top Workplaces award is a badge of honor for companies, especially because it comes authentically from their employees," said Eric Rubino, Energage CEO. "That's something to be proud of. In today's market, leaders must ensure they're allowing employees to have a voice and be heard. That's paramount. Top Workplaces do this, and it pays dividends." Stewart is committed to ensuring a better home for all through company culture, customer service excellence, and community and sustainability initiatives. Learn how Stewart is building a company for the next generation and beyond by visiting and find career opportunities at About Stewart Stewart (NYSE-STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™ and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage and real estate industries, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. At Stewart, we are dedicated to becoming the premier title services company and we are committed to doing so by partnering with our customers to create mutual success. Learn more at About Energage Making the world a better place to work together.™ Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 19 years of culture research and the results from 27 million employees surveyed across more than 70,000 organizations, Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance, Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. For more information or to nominate your organization, visit or View source version on Contacts John Chattaway, Stewart Media Relations(713) 625-8180; mediarelations@
Yahoo
07-02-2025
- Business
- Yahoo
Stewart Information Services Corp (STC) Q4 2024 Earnings Call Highlights: Navigating Challenges ...
Release Date: February 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Stewart Information Services Corp (NYSE:STC) reported a 10% increase in revenues and a 42% rise in adjusted net earnings for 2024, despite a challenging housing market. The company achieved a 38% growth in domestic commercial revenues and a 36% increase in real estate solutions revenue for the year. STC's leadership team is considered one of the best in the industry, with strong succession planning and new talent acquisition. The company has made significant investments in technology upgrades and operational leverage, positioning itself well for future market improvements. STC increased its annual cash dividend to $2 per share, demonstrating a commitment to shareholder value. The housing market remains at multi-decade lows, with existing home sales down compared to previous years, impacting STC's direct operations segment. Choppy market conditions have slowed acquisition-related activities, although STC maintains a positive outlook for future opportunities. The real estate solutions segment experienced dampened margins due to startup costs and timing of data contracts. STC anticipates a challenging first half of 2025 for the housing market, with a potential transition to more normal conditions in the second half. Elevated mortgage rates are expected to keep housing demand subdued in the near term, affecting STC's residential business. Warning! GuruFocus has detected 4 Warning Signs with STC. Q: Can you confirm your expectations for commercial growth in 2025? Is it based on the full year 2024 or the latter half of 2025? A: Fred Eppinger, CEO: The market is currently choppy with a lot of uncertainty. We expect low single-digit growth in commercial for 2025, based on the full year 2024. The second half of 2024 was better than the first, and we expect those trends to continue, although it's uncertain. We believe growth will be sector-oriented, particularly in areas like data centers. Q: Regarding the real estate solutions segment, when do you expect margins to normalize after repricing? A: Fred Eppinger, CEO: There are two main factors affecting margins: startup costs for new clients and pricing adjustments. Startup costs will resolve quickly, while pricing adjustments have begun and should improve margins rapidly. We expect a slight improvement in cash margins for 2025, with long-term expectations for mid-teen cash margins as the market normalizes. Q: How do you view your commercial growth compared to competitors, and what factors contribute to your performance? A: Fred Eppinger, CEO: Our growth is partly due to our mix, particularly in energy, which has grown significantly. We've invested in people and sectors to match our underwriting capabilities. We believe we've increased our market share from 9% to around 14%, driven by both mix and improved capabilities. Q: Can you provide more details on your expectations for title loss ratios and any trends you're observing? A: David Heisey, CFO: Our title loss ratio guidance remains in the low 4% range. We've seen favorable macro conditions and fewer large claims recently, contributing to better performance. However, we remain cautious as large claims can occur unpredictably. Q: What are your expectations for investment income in the coming quarters? A: David Heisey, CFO: We've been around the $13 million range, slightly better in Q4 due to higher escrow volumes. Our rates are negotiated and don't fluctuate as quickly as market rates, so we expect to maintain current levels unless there's a significant rate drop. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
30-01-2025
- Business
- Yahoo
Stewart Title Launches Connect Close, a Premier Title Production System for Attorney Agents
Currently available in Connecticut, Massachusetts and Rhode Island, Connect Close offers a streamlined, intuitive experience that simplifies title processing while maintaining power, efficiency and accuracy. HOUSTON, January 30, 2025--(BUSINESS WIRE)--Stewart Title today announced the launch of Connect Close, a next-generation title production system built specifically for attorney agents. This launch marks a significant step forward in Stewart's commitment to delivering cutting-edge technology solutions that enhance productivity and precision for attorney-led real estate transactions. "The launch of Connect Close represents a major milestone in Stewart's ongoing efforts to strengthen our partnerships with attorney agents," said Fred Eppinger, Stewart CEO. "Our commitment to the Agent channel is at the core of our growth strategy and we will continue to make strategic investments while delivering technology products that enhance the shared economics of title agents, ensuring their success and long-term sustainability." By providing a more direct, streamlined, and intuitive way to access Stewart's unmatched, premier services, Connect Close enhances efficiency while upholding the high standards of reliability and quality that attorney agents value. "Our goal was to develop a system that not only simplifies the title production process but also empowers attorney agents with the tools they need to deliver seamless closings," said Wade Maloney, President, SnapClose, a Stewart-owned company. "Connect Close is a reflection of our commitment to innovation and providing our partners with the best technology solutions available." While initially launched in three states (CT, MA and RI), plans are in place to expand availability. Designed for unmatched ease of use, Connect Close features include streamlined order entry, integrated search orders, efficient document preparation, premium, taxes, and recording fee calculations, a customizable document module, advanced closing disclosure and HUD, cost-free setup, a web-based platform, and personalized one-on-one training. "With this launch, Stewart is reinforcing its position as a trusted partner in the real estate industry, delivering solutions that align with the evolving needs of attorney-led transactions," said Iain Bryant, Group President, Agency Services. "As the industry continues to modernize, Connect Close ensures that attorney agents have access to the best tools and resources, making transactions more efficient, reliable, and user-friendly than ever before." For more information about Connect Close, existing customers can contact their Agency Representative or visit Stewart's website to connect with a representative. About Stewart Stewart (NYSE-STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™ and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage and real estate industries, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. At Stewart, we are dedicated to becoming the premier title services company and we are committed to doing so by partnering with our customers to create mutual success. Learn more at View source version on Contacts John Chattaway, Stewart Media Relations(713) 625-8180; mediarelations@ Sign in to access your portfolio
