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Investments in equity investees

12 Months Ended

Dec. 31, 2018

Equity Method Investments And Joint Ventures

Note 16 - Investments in equity investees

During the year ended December 31, 2018, the Corporation recorded earnings of $38.0 million, from its equity investments, compared to $34.1 million for the year ended December 31, 2017. The carrying value of the Corporation’s equity method investments was $ 228 million and $ 215 million at December 31, 2018 and 2017, respectively.

The following table presents aggregated summarized financial information of the Corporation’s equity method investees:

Years ended December 31,			2018		2017		2016
(In thousands)
Operating results:
	Total revenues	$	1,074,055	$	931,627	$	852,160
	Total expenses		673,632		663,069		634,173
	Income tax expense		65,817		42,799		47,434
Net income		$	334,606	$	225,759	$	170,553


At December 31,					2018		2017
(In thousands)
Balance Sheet:
	Total assets			$	8,652,539	$	8,439,622
	Total liabilities			$	6,090,722	$	6,009,911

Summarized financial information for these investees may be presented on a lag, due to the unavailability of information for the investees, at the respective balance sheet dates.