Financial Services

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



	Years Ended November 30,
	2015			2014			2013
Revenues
Insurance commissions	$	7,137		$	6,566		$	7,177
Title services	3,905			3,593			3,172
Marketing services fees	—			1,147			1,800
Interest income	1			—			3
Total	11,043			11,306			12,152
Expenses
General and administrative	(3,711		)	(3,446		)	(3,042		)
Operating income	7,332			7,860			9,110
Equity in income of unconsolidated joint ventures	4,292			686			1,074
Pretax income	$	11,624		$	8,546		$	10,184



	November 30,
	2015		2014
Assets
Cash and cash equivalents	$	1,299	$	2,402
Receivables	2,245		1,738
Investments in unconsolidated joint ventures	10,440		6,149
Other assets	44		197
Total assets	$	14,028	$	10,486
Liabilities
Accounts payable and accrued expenses	$	1,817	$	2,517
Total liabilities	$	1,817	$	2,517

The equity in income of unconsolidated joint ventures for 2013 included a gain of $1.1 million recognized in connection with the wind down of the business operations of a former mortgage banking joint venture, which ceased offering mortgage banking services in 2011.

Although KB HOME Mortgage Company, which is 100% owned by us, ceased originating and selling mortgage loans in September 2005, it may be required to repurchase, or provide indemnification with respect to, an individual loan that it funded on or before August 31, 2005 and sold to an investor if the representations or warranties that it made in connection with the sale of the loan are breached, in the event of an early payment default, if the loan does not comply with the underwriting standards or other requirements of the ultimate investor or an applicable insurer, or due to a delinquency or other matters arising in connection with the loan. KB HOME Mortgage Company was not required to repurchase any loans in the past few years.