About Stewart About Stewart

History

Stewart Title Company began in Galveston, Texas, in 1893 when Maco Stewart, a young Galveston attorney and the son of eminent jurist and legislator William H. Stewart, purchased the Gulf City Abstract Company. Maco, along with his brothers Minor and Clegg and brother-in-law W.C. Morris, would all play major roles in the company’s development.

Today, CEO Matt Morris’ leadership marks the fifth generation of William H. Stewart’s descendants to head the company. Stewart is a trusted provider of real estate services for consumers, real estate professionals, mortgage lenders and servicers, legal professionals and governments throughout the U.S. and around the world. Through a focus on integrity, smart growth and conservative management, Stewart remains committed to serving our customers, innovating and improving to meet their needs in an ever-changing market.

1890s

1897
W.C. Morris, who played a vital role in developing Stewart Title operations, joins the Stewart Law and Land Title office, later marrying Maco’s sister, Wilamina (Willie).
1898
The partnership of Maco and Clegg Stewart Law and Abstract Offices is formed.

1900s

1905
Maco and Minor Stewart Title Guarantee Company forms, offering the first title insurance in Texas, in the form of an indemnity against loss due to title claims.
1908
Stewart Title Guaranty Company is the first title insurance underwriter authorized to write title insurance in Texas. The company opens offices in Dallas, Houston, San Antonio, El Paso and other cities.

1910s

1910
Stewart Title Guaranty company purchases an abstract company in Dallas, its first acquisition outside Galveston.
1913
Stewart Title Guaranty opens an office in Houston, and also begins writing title insurance in Houston through agent Stewart Abstract Company.
1914
El Paso Title Company is acquired to issue abstracts and title insurance for STG.

1920s

1925
El Paso Title Company becomes Stewart Abstract Company.
1929
Stewart Title Guaranty strongly backs the regulations of Texas Title Insurance 1929, which places title insurers under the supervision of the Board of Insurance Commissioners.

1930s

1933
The Homeowners Loan Corporation is created to aid citizens with mortgage defaults.
1938
Maco Stewart passes away. His son Maco Stewart, Jr. and son-in-law W.C. Morris take over operation of the company.

1950s

1950
Maco Stewart, Jr. and W.C. Morris both pass away.
1951
W.C. Morris’ sons Carloss and Stewart are elected President of Stewart Title Guaranty Company and President of Stewart Title Company, respectively.
1956
Stewart Title expands beyond Texas for the first time with an agency operation in Albuquerque, New Mexico.

1960s

1960
Stewart establishes offices and agencies in Arizona, California, Florida and Louisiana. Combined with its locations in Texas, Colorado and New Mexico, the company now has 180 issuing offices.
1965
Stewart’s establishes its first affiliation with a computerized title plant in Los Angeles.
1967
Stewart helps form a computerized plant in Houston.

1970s

1970
The holding company Stewart Information Services Corporation (SISCO) forms, setting the stage to expand Stewart’s operations into the broader arena of real estate information.
1972
SISCO becomes a publicly-traded stock on the NASDAQ exchange.
1974
New corporate headquarters are constructed in Houston.
1975
Brothers Carloss Morris and Stewart Morris Sr., who had led the expansion of the company since their father’s death in 1950, acquire management control of the company.
1977
Stewart invests in the development of computer services for the title industry, mapping operations and real estate information with an infusion of $2.4 million.
1979
Stewart Title Guaranty Company is first included on the Russell 2000, 2500 and 3000 Indexes, and the Russell 2000, 2500 and 3000 Value Indexes, where it will remain until 1996 and re-enter in 1998.

1980s

1981
Stewart policies are being issued through more than 1,000 issuing offices in 38 states.
1983
Company revenues pass $100 million for the first time; SISCO stock splits 2:1, and the company raises $11 million in its second public offering.
1986
Stewart is named one of the 101 best-performing companies in the U.S., with revenues of $178 million. Stewart affiliate Landata Geo Services wins contracts in the Caribbean, Egypt, Morocco and Guatemala for geographic information systems and aerial photography, beginning the enhancement of international public records systems.
1987
With its expansion to Alaska and the incorporation of Stewart Title Insurance Company in New York, Stewart writes title insurance through more than 2,000 issuing offices.

1990s

1990
Stewart issuing offices grow to 2,700 locations throughout the United States.
1992
Stewart Information International forms to coordinate the company’s international endeavors.
1994
Stewart Information Services Corporation is listed on the New York Stock Exchange under ticker symbol STC.
1995
Stewart Information Services Corporation is the first stock quoted on the New York Exchange on the first day of trading.
1998
Stewart is included in FORTUNE magazine’s list of the 100 fastest-growing companies, and will make the list again in 1999 and 2004.
1999
Carloss’ and Stewart Sr.’s sons, Malcolm S. Morris and Stewart Morris Jr., are elected co-CEOs of Stewart Information Services Corporation.
Stewart is included in the Forbes Platinum 400 list of America’s best-performing big companies and returns to the list in 2002, 2003 and 2004.

2000s

2001
Stewart is added to Standard & Poor’s SmallCap 600.
2002
Stewart enters the FORTUNE 1000 at 941. The company later moves to 732 in 2003, 641 in 2004, 717 in 2005 and 703 in 2006.
2004
Matthew W. (Matt) Morris, son of co-CEO Malcolm S.Morris and grandson of Carloss Morris, rejoins Stewart as Senior Vice President for Planning and Development.
2005
Carloss Morris passes away at the age of 90.
2006
Stewart achieves $1.4 billion in assets and $44.11 book value per share, the highest in the company’s history. The company is listed on FORTUNE magazine’s “America’s Most Admired Companies,” at number four on the “Mortgage Services” industry list.
2007
Matt Morris is promoted to overseeing the home office service centers, supporting field operations. The Stewart Transaction Solutions technology group merges with Stewart subsidiary PropertyInfo Corporation to increase focus on title production and transaction management technology efforts.
2008
A major restructuring of senior leadership increases focus on core delivery channels and customer segments; the company consolidates accounting, IT, human resources and procurement functions across the organization. Stewart creates Stewart Global Solutions to pursue international land administration and modernization projects in emerging international markets.
2009
Stewart Lender Services responds to the market downturn by offering a range of solutions, including a full-service REO asset management division, a short sale management division, specialized services to help mortgage servicers with loan modifications and refinances, and more. Mark Winter, Executive Vice President of Public Policy, is elected president of the American Land Title Association (ALTA).

2010s

2010
InformationWeek ranks Stewart #34 on its InformationWeek 500, a list of the country’s most innovative users of business technology. The company launches its first iPhone® apps for the SureClose® transaction management system, and introduces Lender Express Quote, an online, RESPA-compliant rate calculator.
2011
Matt Morris is appointed CEO of Stewart Information Services Corporation (SISCO), overseeing all company operations; Malcolm S. Morris and Stewart Morris, Jr. are named Vice Chairman. Lead Director Dr. Edward Douglas Hodo is elected SISCO’s Chairman of the Board.
2012
Forbes recognizes Stewart as one of its Top 100 Most Trustworthy Companies in America, based on an independent audit of over 8,000 companies listed on U.S. stock exchanges.
2013
Stewart celebrates 120 years of magnificent service, and is honored as a Texas Treasure in a ceremony at the State Capitol. The company reports 2012 revenues of $1.91 billion, up 16.8% from 2011.