Equity investees

12 Months Ended

Dec. 31, 2019

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:



	2019	2018	2017
	($000 omitted)
For the year:
Revenues	19,660	22,286	25,351
Net income	6,231	4,729	4,997
At December 31:
Total assets	36,865	33,268	32,171
Notes payable	27,841	24,833	20,902
Stockholders’ equity	6,341	6,292	9,023

Net premium revenues from policies issued by equity investees were approximately $0.7 million, $2.1 million and $2.1 million in 2019, 2018 and 2017, respectively. Income related to equity investees was $3.0 million, $1.9 million and $2.2 million in 2019, 2018 and 2017, 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 $4.6 million and $7.3 million as of December 31, 2019 and 2018, respectively, 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. The Company recorded an impairment of $2.7 million on a disposal of an equity investment during 2019 which was included in net realized and unrealized gains in the consolidated statement of income and comprehensive income. No impairment was recorded during the years ended December 31, 2018 and 2017.