Stewart Information Services Corporation · NYSE:STC

Stewart Information Services — Proxy Contest (August 2016)

25 slides from Stewart Information Services's proxy contest presentation, Aug 23, 2016

1. Slide 1: Investor Presentation Materials August 2016

   Investor Presentation Materials August 2016 CONFIDENTIAL

2. Slide 2: Table of Contents

   STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 2 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Table of Contents I Overview of Stewart’s Business II Stewart Has Been Success

3. Slide 3: Overview of Stewart's Business

   I Overview of Stewart’s Business

4. Slide 4: Stewart – A Unique Pure-Play Title Platform

   STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 4 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Note: Market data as of 12 - Aug - 2016. For a reconciliation of non - GAAP fi

5. Slide 5: Stewart's Leading Title Operations

   STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 5 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Stewart’s Leading Title Operations Strong National and State Level Market Shar

6. Slide 6: Stewart's Growth is Outpacing the Industry

   STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 6 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Stewart’s growth has outpaced U.S. home sales over the past five years, despit

7. Slide 7: Stewart Has Been Successfully Transformed with a Concrete Plan

   II Stewart Has Been Successfully Transformed with a Concrete Plan to Drive Shareholder Value

8. Slide 8: Stewart is Committed to Driving Shareholder Value

   STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 8 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Stewart is Committed to Driving Shareholder Value Track Record of Operating Pe

9. Slide 9: Rationalized Independent Agency Footprint

   STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 9 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Rationalized Independent Agency Footprint Note: Number of independent agencies

10. Slide 10: Growth in Higher Margin Direct Business

    STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 10 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 37.8 % 43.4 % 47.0 % 16.3 % 41.7 % 43.7 % 51.1 % 14.8 % + 0.4 % + (1.4)% Grow

11. Slide 11: Growth in High Margin Commercial Business and Financial Strength

    STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 11 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 $ 103.0 $ 121.4 $ 137.5 $ 170.7 $ 186.5 2011 2012 2013 2014 2015 Commercial T

12. Slide 12: Optimization of Cost Structure

    STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 12 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 711 bps 575 bps 194 bps 542 bps 475 bps 361 bps 113 bps 259 bps STC FAF FNF O

13. Slide 13: Loss Ratio Improvement

    STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 13 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Loss Ratio Improvement 5 Stewart’s loss ratio has meaningfully improved in re

14. Slide 14: Positioned For Continued Earnings Growth

    STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 14 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 ● Stewart’s business experiences significant scale benefits, which will drive

15. Slide 15: Consistent and Growing Capital Return

    STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 15 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Consistent and Growing Capital Return ● $70 million capital return program an

16. Slide 16: Research Analysts Support Management's Plan

    STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 16 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Research Analysts Support Management’s Plan Source: FBR, Janney and Stephens

17. Slide 17: Stewart Has the Right Board and Management Team

    III Stewart Has the Right Board and Management Team to Deliver Value For Shareholders

18. Slide 18: Stewart Has Demonstrated Consistent Focus on Strong Corporate Governance

    STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 18 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Stewart Has Demonstrated Consistent Focus on Strong Corporate Governance Sour

19. Slide 19: Stewart Board Composition Balances Tenured Experience With Recent Additions

    STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 19 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Stewart Board Composition Balances Tenured Industry Experience With Recent Ad

20. Slide 20: Conclusion

    IV Conclusion

21. Slide 21: Stewart is Committed to Driving Shareholder Value

    STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 21 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Stewart is Committed to Driving Shareholder Value Track Record of Operating P

22. Slide 22: Forward-Looking Statements

    STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 22 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Forward - Looking Statements Certain statements in this presentation are “for

23. Slide 23: Non-GAAP Disclosures

    STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 23 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Non - GAAP Disclosures This presentation may contain certain financial measur

24. Slide 24: Additional Information Regarding Consent Solicitation

    STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 24 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Additional Information Regarding Consent Solicitation In connection with the

25. Slide 25: Certain Information Regarding Participants

    STEWARTINSCS \ 2016 \ 7b. Investor Presentation \ Presentation \ Short Deck \ Stewart Investor Presentation (22 - August - 2016).pptx 25 32 57 109 119 198 190 249 175 58 153 156 151 178 8 56 116 165 48 134 82 167 245 184 0 Certain Information Regarding Participants The Company, its directors and cer

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