Financial Services

12 Months Ended

Nov. 30, 2023

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,
	2023		2022		2021
Revenues
Insurance commissions	$	17,804	$	12,823	$	10,486
Title services	11,719		10,572		9,415
Other	—		19		—
Total	29,523		23,414		19,901
Expenses
General and administrative	(5,726)		(5,762)		(5,055)
Operating income	23,797		17,652		14,846
Equity in income of unconsolidated joint ventures	15,697		20,799		23,589
Pretax income	$	39,494	$	38,451	$	38,435

	November 30,
	2023		2022
Assets
Cash and cash equivalents	$	266	$	1,681
Receivables	2,783		3,475
Investments in unconsolidated joint ventures	19,354		26,678
Other assets (a)	34,476		27,698
Total assets	$	56,879	$	59,532
Liabilities
Accounts payable and accrued expenses	$	1,645	$	3,128
Total liabilities	$	1,645	$	3,128

(a)Other assets at November 30, 2023 and 2022 included $34.4 million and $27.6 million, respectively, of contract assets for estimated future renewal commissions.