Financial Services

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



	Years Ended November 30,
	2014			2013			2012
Revenues
Insurance commissions	$	6,566		$	7,177		$	7,140
Title services	3,593			3,172			2,362
Marketing services fees	1,147			1,800			2,175
Interest income	—			3			6
Total	11,306			12,152			11,683
Expenses
General and administrative	(3,446		)	(3,042		)	(2,991		)
Operating income	7,860			9,110			8,692
Equity in income/gain on wind down of unconsolidated joint venture	686			1,074			2,191
Pretax income	$	8,546		$	10,184		$	10,883



	November 30,
	2014		2013
Assets
Cash and cash equivalents	$	2,402	$	2,428
Receivables	1,738		2,084
Investments in unconsolidated joint ventures	6,149		5,490
Other assets	197		38
Total assets	$	10,486	$	10,040
Liabilities
Accounts payable and accrued expenses	$	2,517	$	2,593
Total liabilities	$	2,517	$	2,593

The equity in income/gain on wind down of unconsolidated joint ventures amounts for 2013 and 2012 included gains of $1.1 million and $2.1 million, respectively, 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. In addition, our investments in unconsolidated joint ventures at November 30, 2014 and 2013 reflected a $5.0 million capital contribution we made to HCM in 2013.

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 2014, 2013 or 2012.