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STEWART INFORMATION SERVICES CORPORATION REPORTS RESULTS

 STEWART INFORMATION SERVICES CORPORATION REPORTS RESULTS
 HOUSTON, Oct. 27 /PRNewswire/ -- Stewart Information Services


Corporation (NASDAQ: SISC) earned $4.8 million, or $1.18 per share, in the third quarter of 1992 as compared to earnings of $1.5 million, or $.37 per share, in the third quarter of 1991. Excluding unusual items, earnings in the third quarter of 1992 were the highest for any quarter in the company's history, primarily because of refinancing transactions.
 For the first nine months of 1992, Stewart earned $8.5 million, or $2.09 per share, compared to a loss of $1.3 million, or $.32 per share, for the same period last year. The loss incurred last year resulted primarily from a weak real estate market dominated by the Persian Gulf War in the first quarter of 1991.
 Orders for the third quarter of 1992 were up 50 percent from 1991's third quarter. In comparison with year-earlier totals, orders for the month of September 1992 and the first 15 working days of October were up 56 percent and 36 percent, respectively.
 Stewart's primary business is title insurance. The company issues policies on homes and other real property in all 50 states, the District of Columbia and Canada through over 2,800 issuing locations. In issuing a policy, the title is first searched, examined and then closed. Stewart's customers include homebuyers and sellers, attorneys, developers, lenders and real estate brokers. The company also sells computer-related services and information to the real estate industry. Additionally, the company produces digital mapping products and geographic information systems for government and private entities, both domestic and foreign.
 STEWART INFORMATION SERVICES CORPORATION
 Summary of Operations
 Three months ended Sept. 30 1992 1991
 Earning per share $1.18 $.37
 Net income $4,782,000 $1,518,000
 Revenues 70,738,000 56,566,000
 Average shares outstanding 4,064,000 4,064,000
 Nine months ended Sept. 30 1992 1991
 Earnings (loss) per share $2.09 $(.32)
 Net income (loss) $8,493,000 $(1,305,000)
 Revenues 203,277,000 156,915,000
 Average shares outstanding 4,064,000 4,064,000
 -0- 10/27/92
 /CONTACT: Max Crisp of Stewart Information Services Corporation, 713-871-1100/
 (SISC) CO: Stewart Information Services Corporation ST: Texas IN: INS SU: ERN


CK -- NY059 -- 5317 10/27/92 11:00 EST
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Publication:PR Newswire
Date:Oct 27, 1992
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