Stewart Information Services Corporation (NYSE:STC) Q4 2022 Earnings Conference Call February 9, 2023 8:30 AM ET

Company Participants

Brian Glaze - Chief Accounting Officer

Fred Eppinger - Chief Executive Officer

David Hisey - Chief Financial Officer

Conference Call Participants

John Campbell - Stephens

Bose George - KBW

Geoffrey Dunn - Dowling & Partners

Operator

Hello and thank you for joining the Stewart Information Services Fourth Quarter and Full Year 2022 Earnings Call. At this time, all participants are in a listen-only mode. Later you’ll 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 fourth quarter 2022 earnings conference call. We will be discussing the 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 stewart.com website to access fully for this conference call.

This conference call may contain forward-looking statements that involve a number of risks and uncertainty. 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 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.

Fred Eppinger

Thank you for joining us today for Stewart's four quarter earnings conference call. Dave will review the quarterly financial results in a minute, but before that I would like to cover our overall view of Stewart in the current market.

As I discussed before much of our efforts over the last few years is focused on fundamentally improving the company's operating approach to better position ourselves in our journey to become the premier title service company. The long-term goal remains to create a stronger and more resilient business that can thrive through the real estate cycle and economic conditions. We are focused on improving margins growth resiliency by improving our scale and attractive markets and enhancing our operational capabilities and our financial discipline. We have significantly improved our performance and our ability to manage in challenging market, but we were impacted by the significant downturn in the purchase market we saw in the fourth quarter.