Stewart Information Services Corporation (NYSE:STC) Q2 2023 Earnings Conference Call July 27, 2023 8:30 AM ET

Company Participants

Brian Glaze - Principal Accounting Officer, SVP and Controller

Frederick Eppinger - CEO

David Hisey - CFO

Conference Call Participants

Bose George - KBW

Soham Bhonsle - BTIG

John Campbell - Stephens Inc.

Geoffrey Dunn - Dowling & Partners

Operator

Hello and thank you for joining the Stewart Information Services' Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. Later, you will have an opportunity to ask questions during the question-and-answer session. Instructions will be given at that time. Please note today's call is being recorded. [Operator Instructions]

It is now my pleasure to turn today's conference over to Brian Glaze, Chief Accounting Officer. Please go ahead.

Brian Glaze

Thank you for joining us today for Stewart's second quarter 2023 earnings conference call. We will be discussing results that were released yesterday after the close. Joining me today are CEO, Fred Eppinger; and CFO, David Hisey. To listen online, please go to the stewart.com website to access the link for this conference call.

This conference call may contain forward-looking statements that involve a number of risks and uncertainties. Please refer to the company's press release and other filings with the SEC for a discussion of the risks and uncertainties that could cause our actual results to differ materially.

During our call, we will discuss some non-GAAP measures. For a reconciliation of these non-GAAP measures, please refer to the appendix in today's earnings release, which is available on our website at stewart.com.

Let me now turn the call over to Fred.

Frederick Eppinger

Thank you for joining us today for Stewart's second quarter 2023 earnings conference call. David will review the quarterly financial results in a minute, but before we get into financial results that we released yesterday, I want to update you on our view of the market and our continued progress on important initiatives that we believe will set Stewart up for success in the long-term.

During the last three to four years, we have focused on fundamentally improving Stewart's operating performance and launching off on a journey to become a premier title services company.

While the current economic environment poses significant challenges, we have materially improved our business, creating a strong or resilient business that will thrive over full real estate cycle.

But we also know there is more that we can do. And it is critical for us to remain focused on improving margins, growth, and resiliency to improve scale in attractive markets and enhancing our operational capabilities.