Equity investees

12 Months Ended

Dec. 31, 2017

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:



	2017	2016	2015
	($000 omitted)
For the year:
Revenues	25,351	24,274	28,843
Net income	4,997	6,542	8,830
At December 31:
Total assets	32,171	32,324	33,555
Notes payable	20,902	20,895	20,200
Stockholders’ equity	9,023	9,483	7,213

Net premium revenues from policies issued by equity investees were approximately $2.1 million, $2.1 million and $2.5 million in 2017, 2016 and 2015, respectively. Income related to equity investees was $2.2 million, $2.8 million and $3.6 million in 2017, 2016 and 2015, 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 $7.3 million and $7.4 million as of December 31, 2017 and 2016, respectively, 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, 2017.