Equity investees

12 Months Ended

Dec. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Equity investees. Summarized aggregate financial information for equity investees (in which the Company typically owns 20% through 50% of the equity) is as follows:



	2015	2014	2013
	($000 omitted)
For the year:
Revenues	28,843	31,562	42,105
Net income	8,830	7,914	8,064
At December 31:
Total assets	33,555	25,533	25,470
Notes payable	20,200	12,727	12,390
Stockholders’ equity	7,213	7,665	5,561

Net premium revenues from policies issued by equity investees were approximately $2.5 million, $3.1 million and $4.4 million in 2015, 2014 and 2013, respectively. Income related to equity investees were $3.6 million, $3.4 million and $4.1 million in 2015, 2014 and 2013, respectively. These amounts are included in Title insurance – direct operations in the consolidated statements of operations and comprehensive (loss) income.

Goodwill related to equity investees was $7.4 million as of December 31, 2015 and 2014, and is included in Investments in investees in the consolidated balance sheets. Equity investments, including the related goodwill balances, are reviewed for impairment annually and upon the occurrence of an event that may indicate an impairment. No impairment was recorded during the years ended December 31, 2015 and 2014.