Equity investees

12 Months Ended

Dec. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Equity investees

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

	2014	2013	2012
	($000 omitted)
For the year:
Revenues	31,562	42,105	66,145
Net earnings	7,914	8,064	11,037
At December 31:
Total assets	25,533	25,470	52,500
Notes payable	12,727	12,390	23,681
Stockholders’ equity	7,665	5,561	12,758

Net premium revenues from policies issued by equity investees were approximately $3.1 million, $4.4 million and $6.0 million in 2014, 2013 and 2012, respectively. Earnings related to equity investees were $3.4 million, $4.1 million and $4.3 million in 2014, 2013 and 2012, respectively. These amounts are included in title insurance – direct operations in the consolidated statements of earnings and comprehensive earnings.

Goodwill related to equity investees was $7.4 million and $7.5 million at December 31, 2014 and 2013, 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 annually and upon the occurrence of an event indicating an impairment may have occurred.