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Consolidated Statement of Operations by Segment (Table Text Block)
 12 Months Ended
Mar. 31, 2014
Table Text Block Supplement [Abstract]  
Consolidated Statement of Operations by Industry Segment
Consolidating statements of operations by industry segment for period ending March 31, 2014 are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Moving & Storage
 
 
 
 
 
 
 
 
 
 
AMERCO Legal Group
 
 
 
 
 
 
 
 
 
AMERCO
 
U-Haul
 
Real Estate
 
Eliminations
 
 
Moving & Storage Consolidated
 
Property & Casualty Insurance (a)
 
Life Insurance (a)
 
Eliminations
 
AMERCO Consolidated 
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Self-moving equipment rentals
$
 -
 $
    1,958,209
 $
 -
 $
 -
 
 $
       1,958,209
 $
 -
 $
 -
 $
               (2,786)
 (c)
             1,955,423
             
Self-storage revenues
 
 -
 
        180,592
 
                 1,202
 
 -
 
 
            181,794
 
 -
 
 -
 
 -
 
                 181,794
                 
Self-moving & self-storage products & service sales
 
 -
 
        234,187
 
 -
 
 -
 
 
           234,187
 
 -
 
 -
 
 -
 
                234,187
 
Property management fees
 
 -
 
         24,493
 
 -
 
 -
 
 
            24,493
 
 -
 
 -
 
 -
 
                 24,493
 
Life insurance premiums
 
 -
 
 -
 
 -
 
 -
 
 
 -
 
 -
 
               157,919
 
 -
 
                 157,919
 
Property and casualty insurance premiums
 
 -
 
 -
 
 -
 
 -
 
 
 -
 
                  41,052
 
 -
 
 -
 
                  41,052
                  
Net investment and interest income
 
                     6,205
 
             8,107
 
                   900
 
 -
 
 
              15,212
 
                  10,592
 
               54,398
 
                    (611)
 (b)
                   79,591
                   
Other revenue
 
                        260
 
        164,450
 
            103,456
 
               (110,111)
 (b)
 
            158,055
 
 -
 
                   3,211
 
                   (473)
 (b)
                160,793
                
Total revenues
 
                     6,465
 
    2,570,038
 
             105,558
 
               (110,111)
 
 
        2,571,950
 
                  51,644
 
              215,528
 
               (3,870)
 
            2,835,252
            
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses
 
                     6,636
 
    1,338,635
 
               12,053
 
               (110,111)
 (b)
 
        1,247,213
 
                 20,799
 
              23,686
 
                (3,217)
 (b,c)
             1,288,481
             
Commission expenses
 
 -
 
        252,525
 
 -
 
 -
 
 
           252,525
 
 -
 
 -
 
 -
 
                252,525
                
Cost of sales
 
 -
 
        127,270
 
 -
 
 -
 
 
           127,270
 
 -
 
 -
 
 -
 
                127,270
 
Benefits and losses
 
 -
 
 -
 
 -
 
 -
 
 
 -
 
                    11,513
 
              145,189
 
 -
 
                156,702
 
Amortization of deferred policy acquisition costs
 
 -
 
 -
 
 -
 
 -
 
 
 -
 
 -
 
               19,982
 
 -
 
                  19,982
 
Lease expense
 
                           92
 
         100,521
 
                      36
 
 -
 
 
          100,649
 
 -
 
 -
 
                   (183)
 (b)
               100,466
 
Depreciation, net of (gains) losses on disposals
 
                              5
 
        242,721
 
              16,886
 
 -
 
 
           259,612
 
 -
 
 -
 
 -
 
                259,612
 
Total costs and expenses
 
                     6,733
 
    2,061,672
 
              28,975
 
               (110,111)
 
 
       1,987,269
 
                 32,312
 
              188,857
 
               (3,400)
 
           2,205,038
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) from operations before equity in earnings of subsidiaries
 
                      (268)
 
       508,366
 
              76,583
 
 -
 
 
           584,681
 
                 19,332
 
                26,671
 
                   (470)
 
               630,214
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries
 
                287,803
 
 -
 
 -
 
             (257,811)
 (d)
 
            29,992
 
 -
 
 -
 
            (29,992)
 (d)
 -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from operations
 
                 287,535
 
       508,366
 
              76,583
 
             (257,811)
 
 
           614,673
 
                 19,332
 
                26,671
 
            (30,462)
 
               630,214
 
Interest income (expense)
 
                   86,916
 
       (110,270)
 
           (69,808)
 
 -
 
 
           (93,162)
 
 -
 
 -
 
                     470
 (b)
               (92,692)
 
Pretax earnings
 
                  374,451
 
      398,096
 
                 6,775
 
             (257,811)
 
 
             521,511
 
                 19,332
 
                26,671
 
            (29,992)
 
                537,522
 
Income tax expense
 
                (32,060)
 
      (144,465)
 
               (2,595)
 
 -
 
 
          (179,120)
 
                 (6,670)
 
                (9,341)
 
 -
 
                (195,131)
 
Earnings available to common shareholders
$
                 342,391
 $
        253,631
 $
                 4,180
 $
             (257,811)
 
 $
          342,391
 $
                 12,662
 $
                17,330
 $
            (29,992)
 
               342,391
 
(a)  Balances for the year ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(b) Eliminate intercompany lease / interest income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(c) Eliminate intercompany premiums
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(d) Eliminate equity in earnings of subsidiaries
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidating statements of operations by industry segment for period ending March 31, 2013 are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Moving & Storage
 
 
 
 
 
 
 
 
 
 
AMERCO Legal Group
 
 
 
 
 
 
 
 
 
 
AMERCO
 
U-Haul
 
Real Estate
 
Eliminations
 
 
Moving & Storage Consolidated
 
Property & Casualty Insurance (a)
 
Life Insurance (a)
 
Eliminations
 
 
AMERCO Consolidated
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Self-moving equipment rentals
$
 -
 $
    1,769,058
 $
 -
 $
 -
 
 $
                     1,769,058
 $
 -
 $
 -
 $
                 (1,538)
 (c)
 $
              1,767,520
 
Self-storage revenues
 
 -
 
         151,512
 
                  1,148
 
 -
 
 
                        152,660
 
 -
 
 -
 
 -
 
 
                 152,660
 
Self-moving & self-storage products & service sales
 
 -
 
         221,117
 
 -
 
 -
 
 
                          221,117
 
 -
 
 -
 
 -
 
 
                   221,117
 
Property management fees
 
 -
 
        24,378
 
 -
 
 -
 
 
                          24,378
 
 -
 
 -
 
 -
 
 
                  24,378
 
Life insurance premiums
 
 -
 
 -
 
 -
 
 -
 
 
 -
 
 -
 
                  178,115
 
 -
 
 
                   178,115
 
Property and casualty insurance premiums
 
 -
 
 -
 
 -
 
 -
 
 
 -
 
          34,342
 
 -
 
 -
 
 
                  34,342
 
Net investment and interest income
 
                  5,248
 
          8,462
 
                 4,912
 
 -
 
 
                          18,622
 
           13,858
 
                 50,850
 
                   (427)
 (b)
 
                  82,903
 
Other revenue
 
                         81
 
       102,776
 
             88,626
 
             (94,976)
 (b)
 
                          96,507
 
 -
 
                    2,525
 
                (1,480)
 (b)
 
                   97,552
 
Total revenues
 
                  5,329
 
   2,277,303
 
             94,686
 
             (94,976)
 
 
                   2,282,342
 
          48,200
 
               231,490
 
                (3,445)
 
 
              2,558,587
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses
 
                  13,611
 
     1,199,550
 
               10,878
 
             (94,976)
 (b)
 
                     1,129,063
 
           18,007
 
                26,482
 
               (2,984)
 (b,c)
 
               1,170,568
 
Commission expenses
 
 -
 
      228,124
 
 -
 
 -
 
 
                        228,124
 
 -
 
 -
 
 -
 
 
                228,124
 
Cost of sales
 
 -
 
        107,216
 
 -
 
 -
 
 
                         107,216
 
 -
 
 -
 
 -
 
 
                  107,216
 
Benefits and losses
 
 -
 
 -
 
 -
 
 -
 
 
 -
 
           15,999
 
                164,677
 
 -
 
 
                 180,676
 
Amortization of deferred policy acquisition costs
 
 -
 
 -
 
 -
 
 -
 
 
 -
 
 -
 
                  17,376
 
 -
 
 
                    17,376
 
Lease expense
 
                        92
 
         117,491
 
                      32
 
 -
 
 
                           117,615
 
 -
 
 -
 
                    (167)
 (b)
 
                  117,448
 
Depreciation, net of (gains) losses on disposals
 
                           5
 
      224,407
 
               13,584
 
 -
 
 
                       237,996
 
 -
 
 -
 
 -
 
 
                237,996
 
Total costs and expenses
 
                 13,708
 
    1,876,788
 
             24,494
 
             (94,976)
 
 
                     1,820,014
 
          34,006
 
               208,535
 
                  (3,151)
 
 
            2,059,404
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) from operations before equity in earnings of subsidiaries
 
                (8,379)
 
       400,515
 
               70,192
 
 -
 
 
                       462,328
 
            14,194
 
                 22,955
 
                   (294)
 
 
                499,183
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries
 
               212,164
 
 -
 
 -
 
            (187,923)
 (d)
 
                          24,241
 
 -
 
 -
 
              (24,241)
 (d)
 
 -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from operations
 
              203,785
 
       400,515
 
               70,192
 
            (187,923)
 
 
                       486,569
 
            14,194
 
                 22,955
 
              (24,535)
 
 
                499,183
 
Interest income (expense)
 
                  91,125
 
     (124,012)
 
             (58,103)
 
 -
 
 
                       (90,990)
 
 -
 
 -
 
                     294
 (b)
 
                (90,696)
 
Pretax earnings
 
              294,910
 
      276,503
 
              12,089
 
            (187,923)
 
 
                        395,579
 
            14,194
 
                 22,955
 
              (24,241)
 
 
                408,487
 
Income tax expense
 
             (30,202)
 
      (96,099)
 
               (4,570)
 
 -
 
 
                       (130,871)
 
          (4,938)
 
                  (7,970)
 
 -
 
 
               (143,779)
 
Earnings available to common shareholders
$
             264,708
 $
      180,404
 $
                  7,519
 $
            (187,923)
 
 $
                       264,708
 $
             9,256
 $
                  14,985
 $
              (24,241)
 
 $
                264,708
 
(a)  Balances for the year ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(b) Eliminate intercompany lease/interest income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(c) Eliminate intercompany premiums
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(d) Eliminate equity in earnings of subsidiaries
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidating statements of operations by industry segment for period ending March 31, 2012 are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Moving & Storage
 
 
 
 
 
 
 
 
Moving & Storage
 
AMERCO Legal Group
 
Life
 
 
 
 
AMERCO
 
 
 
AMERCO
 
U-Haul
 
Real Estate
 
Eliminations
 
 
Consolidated
 
Property & Casualty Insurance (a)
 
Insurance (a)
 
Eliminations
 
 
Consolidated
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Self-moving equipment rentals
$
 -
 $
   1,679,963
 $
 -
 $
 -
 
 $
               1,679,963
 $
 -
 $
 -
 $
          (1,707)
 (c)
 $
           1,678,256
 
Self-storage revenues
 
 -
 
      133,070
 
          1,306
 
 -
 
 
                  134,376
 
 -
 
 -
 
 -
 
 
              134,376
 
Self-moving & self-storage products & service sales
 
 -
 
      213,854
 
 -
 
 -
 
 
                  213,854
 
 -
 
 -
 
 -
 
 
              213,854
 
Property management fees
 
 -
 
       23,266
 
 -
 
 -
 
 
                   23,266
 
 -
 
 -
 
 -
 
 
               23,266
 
Life insurance premiums
 
 -
 
 -
 
 -
 
 -
 
 
 -
 
 -
 
        277,562
 
 -
 
 
              277,562
 
Property and casualty insurance premiums
 
 -
 
 -
 
 -
 
 -
 
 
 -
 
           32,631
 
 -
 
 -
 
 
                32,631
 
Net investment and interest income
 
                 5,857
 
         20,577
 
             698
 
 -
 
 
                     27,132
 
              9,955
 
          38,127
 
         (1,662)
 (b,e)
 
                73,552
 
Other revenue
 
                   228
 
       83,894
 
        80,318
 
       (86,108)
 (b)
 
                    78,332
 
 -
 
             1,585
 
          (1,387)
 (b)
 
                78,530
 
Total revenues
 
                6,085
 
   2,154,624
 
       82,322
 
       (86,108)
 
 
               2,156,923
 
           42,586
 
        317,274
 
         (4,756)
 
 
           2,512,027
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses
 
                9,081
 
     1,121,681
 
         9,468
 
       (86,108)
 (b)
 
                1,054,122
 
            13,270
 
         28,885
 
         (3,087)
 (b,c)
 
           1,093,190
 
Commission expenses
 
 -
 
       212,190
 
 -
 
 -
 
 
                   212,190
 
 -
 
 -
 
 -
 
 
              212,190
 
Cost of sales
 
 -
 
       116,542
 
 -
 
 -
 
 
                   116,542
 
 -
 
 -
 
 -
 
 
               116,542
 
Benefits and losses
 
 -
 
 -
 
 -
 
 -
 
 
 -
 
           65,742
 
       254,449
 
 -
 
 
              320,191
 
Amortization of deferred policy acquisition costs
 
 -
 
 -
 
 -
 
 -
 
 
 -
 
 -
 
           13,791
 
 -
 
 
                 13,791
 
Lease expense
 
                     93
 
      132,286
 
               23
 
 -
 
 
                  132,402
 
 -
 
 -
 
           (1,187)
 (b)
 
                131,215
 
Depreciation, net of (gains) losses on disposals
 
                        5
 
      195,469
 
        13,427
 
 -
 
 
                  208,901
 
 -
 
 -
 
 -
 
 
             208,901
 
Total costs and expenses
 
                 9,179
 
    1,778,168
 
        22,918
 
       (86,108)
 
 
                 1,724,157
 
            79,012
 
        297,125
 
         (4,274)
 
 
         2,096,020
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) from operations before equity in earnings of subsidiaries
 
             (3,094)
 
      376,456
 
       59,404
 
 -
 
 
                 432,766
 
        (36,426)
 
          20,149
 
            (482)
 
 
              416,007
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of subsidiaries
 
            149,160
 
 -
 
 -
 
     (159,538)
 (d)
 
                   (10,378)
 
 -
 
 -
 
         10,378
 (d)
 
 -
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) from operations
 
           146,066
 
      376,456
 
       59,404
 
     (159,538)
 
 
                 422,388
 
        (36,426)
 
          20,149
 
          9,896
 
 
              416,007
 
Interest income (expense)
 
             94,278
 
     (132,781)
 
     (52,022)
 
 -
 
 
                  (90,525)
 
 -
 
 -
 
               154
 (b)
 
              (90,371)
 
Pretax earnings (loss)
 
          240,344
 
      243,675
 
          7,382
 
     (159,538)
 
 
                  331,863
 
        (36,426)
 
          20,149
 
         10,050
 
 
             325,636
 
Income tax benefit (expense)
 
           (34,649)
 
     (88,096)
 
       (3,423)
 
 -
 
 
                 (126,168)
 
           12,863
 
         (6,964)
 
 -
 
 
           (120,269)
 
Net earnings (loss)
 
           205,695
 
        155,579
 
          3,959
 
     (159,538)
 
 
                  205,695
 
         (23,563)
 
           13,185
 
         10,050
 
 
             205,367
 
Less: Excess of redemption value over carrying value of preferred shares redeemed
 
              (5,908)
 
 -
 
 -
 
 -
 
 
                    (5,908)
 
 -
 
 -
 
 -
 
 
                (5,908)
 
Less: Preferred stock dividends
 
              (3,241)
 
 -
 
 -
 
 -
 
 
                     (3,241)
 
 -
 
 -
 
              328
 (e)
 
                (2,913)
 
Earnings (loss) available to common shareholders
$
            196,546
 $
        155,579
 $
          3,959
 $
     (159,538)
 
 $
                  196,546
 $
         (23,563)
 $
           13,185
 $
         10,378
 
 $
              196,546
 
(a)  Balances for the year ended December 31, 2011
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(b) Eliminate intercompany lease/interest income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(c) Eliminate intercompany premiums
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(d) Eliminate equity in earnings of subsidiaries
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(e) Elimination of preferred stock dividend paid to affiliate