Equity Investees

12 Months Ended

Dec. 31, 2011

Equity Investees [Abstract]

Equity investees

NOTE 9

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

	2011		2010		2009
	($000 omitted)
For the year:
Revenues		70,896		73,450		47,865
Net earnings		4,326		6,976		8,902
At December 31:
Total assets		57,972		31,767		24,705
Notes payable		23,533		1,119		521
Stockholders’ equity		12,524		16,027		12,653

Net premium revenues from policies issued by equity investees were approximately $6.4 million, $6.9 million and $3.4 million in 2011, 2010 and 2009, respectively. Earnings related to equity investees were $1.7 million, $2.4 million and $3.1 million in 2011, 2010 and 2009, respectively. These amounts are included in title insurance — direct operations in the consolidated statements of operations, retained earnings and comprehensive earnings.

Goodwill related to equity investees was $12.1 million and $11.8 million at December 31, 2011 and 2010, respectively, and these balances are included in investments in investees in the consolidated balance sheets. Equity investments, including the related goodwill balances, are reviewed for impairment.