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STEWART INFORMATION SERVICES CORPORATION DOUBLES EARNINGS

 HOUSTON, July 26 /PRNewswire/ -- Stewart Information Services Corporation (NASDAQ: SISC) today reported that its 1993 second quarter earnings more than doubled those for the same period last year. Stewart earned $5.4 million, or $1.32 per share, in the second quarter of 1993, as compared to $2.2 million, or $.55 per share, in the second quarter of 1992.
 For the first six months of 1993, Stewart earned $6.8 million, or $1.66 per share, compared to $3.7 million, or $.91 per share, for the same period last year.
 Orders for the second quarter of 1993 were up 46 percent from 1992's second quarter. In comparison with year-earlier totals, orders for the month of June 1993 and the first 10 working days of July were up 46 percent and 34 percent, respectively. Interest rates have declined in recent months, leading to increased orders relating to refinancing transactions.
 Stewart's primary business is title insurance. The company issues policies through over 2,850 issuing locations on homes and other real property in all 50 states, the District of Columbia, Canada, Mexico, Belize (reinsurance), the Bahamas, Guam and the Northern Marianas. Stewart also sells computer-related services and information, as well as mapping products and geographic information to government and private entities, both domestic and foreign.
 STEWART INFORMATION SERVICES CORPORATION
 Summary of Operations
 Three months ended June 30 1993 1992
 Earnings per share $1.32 $.55
 Net earnings $5,381,000 $2,242,000
 Revenues 86,124,000 70,811,000
 Average shares outstanding 4,074,000 4,064,000
 Six months ended June 30 1993 1992
 Earnings per share $1.66 $.91
 Net earnings $6,752,000 $3,711,000
 Revenues 151,736,000 132,539,000
 Average shares outstanding 4,074,000 4,064,000
 -0- 7/26/93
 /CONTACT: Max Crisp, VP-finance of Stewart Information Services Corporation, 713-871-1100/
 (SISC)


CO: Stewart Information Services Corporation ST: Texas IN: INS SU: ERN

CK -- NY048 -- 5661 07/26/93 11:38 EDT
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Publication:PR Newswire
Date:Jul 26, 1993
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