Equity investees

12 Months Ended

Dec. 31, 2016

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:



	2016	2015	2014
	($000 omitted)
For the year:
Revenues	24,274	28,843	31,562
Net income	6,542	8,830	7,914
At December 31:
Total assets	32,324	33,555	25,533
Notes payable	20,895	20,200	12,727
Stockholders’ equity	9,483	7,213	7,665

Net premium revenues from policies issued by equity investees were approximately $2.1 million, $2.5 million and $3.1 million in 2016, 2015 and 2014, respectively. Income related to equity investees was $2.8 million, $3.6 million and $3.4 million in 2016, 2015 and 2014, respectively. These amounts are included in title insurance – direct operations in the consolidated statements of operations and comprehensive income (loss).

Goodwill related to equity investees was $7.4 million as of December 31, 2016 and 2015, 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 three years ended December 31, 2016.