Investments in equity investees

12 Months Ended

Dec. 31, 2014

Equity Method Investments And Joint Ventures Abstract

Equity Method Investments Disclosure Text Block

Note19 - Investments in equity investees

During the year ended December 31,2014, the Corporation recorded pre-tax earnings of $39.6 million, from its equity investments, compared to $42.9 million for theyear ended December 31,2013. The carrying value of the Corporation's equity method investments was $226 million and $197million at December 31,2014and 2013, respectively.

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

Years ended December 31,			2014		2013		2012
(in thousands)
Operating results:
	Total revenues	$	715,966	$	1,302,637	$	796,185
	Total expenses		343,100		1,024,713		570,450
	Income tax (benefit) expense		43,993		39,301		(36,914)
Net income		$	328,873	$	238,623	$	262,649
At December 31,					2014		2013
(in thousands)
Balance Sheet:
	Total assets			$	7,421,225	$	5,987,802
	Total liabilities			$	5,182,478	$	4,036,484

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.