Net income attributable to Stewart increased to $115.5 million ($4.05 diluted EPS) in 2025, up from $73.3 million ($2.61 diluted EPS) in 2024. Total operating revenues grew 18% to $2.86 billion in 2025, compared to $2.42 billion in 2024. Pretax income before noncontrolling interests was $165.6 million (5.7% pretax margin) in 2025, an increase from $114.3 million (4.6% pretax margin) in 2024. The company completed the acquisition of Mortgage Contracting Services (MCS) in the fourth quarter of 2025, expanding its real estate solutions segment. Direct title revenues improved 13% in 2025, primarily due to a 35% increase in domestic commercial revenues and a 6% increase in non-commercial domestic revenues. Real estate solutions revenues increased 22% in 2025, driven by growth in credit information and valuation management services. The average 30-year mortgage interest rate improved to 6.15% at the end of 2025, down from 6.85% at the end of 2024. Total loan originations improved 18% in 2025 compared to 2024, with refinancing transactions increasing by 67% and purchase lending volume by 4%. The company issued 2,185,000 new shares of Common Stock, generating $140.8 million in net proceeds. The annual cash dividend was increased to $2.10 per share beginning in the third quarter of 2025.