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Financial Services
9 Months Ended
Aug. 31, 2020
Segment Reporting [Abstract]  
Financial Services
Financial Services
The following tables present financial information relating to our financial services reporting segment (in thousands):
 
Three Months Ended August 31,
 
Nine Months Ended August 31,
 
2020
 
2019
 
2020
 
2019
Revenues
 
 
 
 
 
 
 
Insurance commissions
$
2,150

 
$
2,224

 
$
6,133

 
$
5,342

Title services
1,715

 
1,707

 
4,975

 
4,410

Interest income

 

 

 
6

Total
3,865

 
3,931

 
11,108

 
9,758

Expenses
 
 
 
 
 
 
 
General and administrative
(1,056
)
 
(1,003
)
 
(2,901
)
 
(3,067
)
Operating income
2,809

 
2,928

 
8,207

 
6,691

Equity in income of unconsolidated joint ventures
6,855

 
3,716

 
14,874

 
7,018

Pretax income
$
9,664

 
$
6,644

 
$
23,081

 
$
13,709


 
August 31,
2020
 
November 30,
2019
Assets
 
 
 
Cash and cash equivalents
$
1,093

 
$
1,044

Receivables
1,414

 
2,232

Investments in unconsolidated joint ventures
10,298

 
14,374

Other assets (a)
21,956

 
20,746

Total assets
$
34,761

 
$
38,396

Liabilities
 
 
 
Accounts payable and accrued expenses
$
2,065

 
$
2,058

Total liabilities
$
2,065

 
$
2,058


(a)
Other assets at August 31, 2020 and November 30, 2019 included $21.6 million and $20.6 million, respectively, of contract assets for estimated future renewal commissions related to then-existing insurance policies.