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TickerSTC
SectorInsurance - Property & Casualty
Mkt cap$2.1B
EV / EBITDA10.0×
PostureHigh Velocity
Composite78/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 94344

Stewart Information Services Corp.

STCHIGH VELOCITYFILING INTENSITY

Stewart Information Services Corp. reads as an High Velocity (composite 78/100); Consistent Strategic Buyer deploying $410M across 0 disclosed transactions, down 49% vs the prior cycle · primary market Insurance.

Lens

Disclosed M&A capital (2023–2025)

$410M

−49%

vs $800M in 2020–2022

Disclosed transactions

N/A

flat

3/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

78

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$3.1B
EBITDA$263M
Enterprise value$2.6B
EV / Revenue0.8×
EV / EBITDA10.0×
P/EN/A
Cash$271M
Total debt$446M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

40/100

Companies actively deploying disclosed capital into M&A

  • $1.5B disclosed buyer spend
  • Filed within 20d

Buyer Cadence

25/100

Buyer-side companies with recent filing activity

  • Filed within 20d
  • 254 8-Ks

Target Probability

24/100

Issuers showing target-side patterns from filings

  • 25 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 25 activism filings

Pressure Watch

19/100

Issuers facing activism, governance, or control pressure

  • 25 activism filings
  • Latest activism 8y ago; heavily discounted

Distress Watch

18/100

Issuers showing financial-distress filing patterns

  • 25 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
78/100

Issuers with the highest filing-activity intensity

  • 254 8-Ks
  • Filed within 20d
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $2.6B
  • 10-Q 20d ago
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $600M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/A$370MN/AN/A
2024N/A$14MN/AN/A
2023N/A$25MN/AN/A
2022N/AN/AN/AN/A
2021N/A$600MN/AN/A
2020N/A$200MN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Bolt On
    20%
  • Technology Acquisition
    20%
  • Horizontal Consolidation
    20%
  • Platform
    20%
  • Geographic Expansion
    20%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • bolt_on
  • technology_acquisition
  • geographic_expansion
  • horizontal_consolidation
  • platform
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

We continue to thoughtfully manage expenses, especially in light of the current economic environment due to elevated mortgage interest rates, specifically focusing on lowering unit costs of production and improving operating margins in our direct title and real estate solutions operations.

10-KFY2023

Our plans to improve margins include additional automation of manual processes, further consolidation of our various systems and production operations, and full integration of acquisitions.

10-KFY2024

We continue to invest in the technology necessary to accomplish these goals.

10-KFY2024

further consolidation of our various systems and production operations

10-KFY2025

full integration of acquisitions

10-KFY2025
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Insurance

Market spend (2023–2025)
$50.4B
Market spend (2020–2022)
$62.2B
Recent vs prior
−19%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

10.0×EV / EBITDA

STC trades at a -1.7-turn discount to the Insurance peer median of 11.6×.

EV / Revenue
0.8×
Net debt / EBITDA
0.7×
Peer median EV / EBITDA
11.6×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
14.9×3.6×2.8×$27.5B$10.2B
12.1×4.1×3.1×$6.4B$9.4B
11.2×2.3×-0.1×$61.1B$1.3B
Stewart Information Services Corp.STC
10.0×0.8×0.7×$3.1B$410M
8.2×0.6×-3.8×$76.9B$738M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Insurance. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)252026-02-27
  • 10-Q (quarterly)972026-05-06
  • 8-K (event)2542026-04-22
  • Proxy / DEF 14A672026-03-25
  • Activism (13D / DFAN / PREC)252018-05-14

Signals on file

  • elevated

    Activism on file

    2018-05-14

    25 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Stewart Information Services Corp.: Issuer Brief | SE-Cluster