Financial Services

12 Months Ended

Nov. 30, 2022

Segment Reporting [Abstract]

Financial Services

Financial Services

The following tables present financial information relating to our financial services reporting segment (in thousands):

	Years Ended November 30,
	2022		2021		2020
Revenues
Insurance commissions	$	12,823	$	10,486	$	8,589
Title services	10,572		9,415		6,883
Other	19		—		—
Total	23,414		19,901		15,472
Expenses
General and administrative	(5,762)		(5,055)		(4,083)
Operating income	17,652		14,846		11,389
Equity in income of unconsolidated joint ventures	20,799		23,589		21,154
Pretax income	$	38,451	$	38,435	$	32,543

	November 30,
	2022		2021
Assets
Cash and cash equivalents	$	1,681	$	1,372
Receivables	3,475		2,166
Investments in unconsolidated joint ventures	26,678		16,317
Other assets (a)	27,698		24,347
Total assets	$	59,532	$	44,202
Liabilities
Accounts payable and accrued expenses	$	3,128	$	2,685
Total liabilities	$	3,128	$	2,685

(a)Other assets at November 30, 2022 and 2021 included $27.6 million and $24.1 million, respectively, of contract assets for estimated future renewal commissions.