Equity investees

12 Months Ended

Dec. 31, 2018

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:



	2018	2017	2016
	($000 omitted)
For the year:
Revenues	22,286	25,351	24,274
Net income	4,729	4,997	6,542
At December 31:
Total assets	33,268	32,171	32,324
Notes payable	24,833	20,902	20,895
Stockholders’ equity	6,292	9,023	9,483

Net premium revenues from policies issued by equity investees were approximately $2.1 million, $2.1 million and $2.1 million in 2018, 2017 and 2016, respectively. Income related to equity investees was $1.9 million, $2.2 million and $2.8 million in 2018, 2017 and 2016, respectively. These amounts are included in title insurance – direct operations in the consolidated statements of income and comprehensive income.

Goodwill related to equity investees was $7.3 million as of both December 31, 2018 and 2017, and was 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, 2018.