Consolidating statements of operations by industry segment for period ending March 31, 2015 are as follows:


		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(In thousands)
Revenues:
Self-moving equipment rentals	$	2,149,986	$	–	$	–	$	(3,595)	(c)	$	2,146,391
Self-storage revenues		211,136		–		–		–			211,136
Self-moving & self-storage products & service sales		244,177		–		–		–			244,177
Property management fees		25,341		–		–		–			25,341
Life insurance premiums		–		–		156,103		–			156,103
Property and casualty insurance premiums		–		46,456		–		–			46,456
Net investment and interest income		13,644		12,819		59,051		(786)	(b)		84,728
Other revenue		156,154		–		4,502		(457)	(b)		160,199
Total revenues		2,800,438		59,275		219,656		(4,838)			3,074,531

Costs and expenses:
Operating expenses		1,436,145		24,802		22,476		(4,014)	(b,c)		1,479,409
Commission expenses		249,642		–		–		–			249,642
Cost of sales		146,072		–		–		–			146,072
Benefits and losses		–		10,996		147,764		–			158,760
Amortization of deferred policy acquisition costs		–		–		19,661		–			19,661
Lease expense		79,984		–		–		(186)	(b)		79,798
Depreciation, net of (gains) losses on disposals		278,165		–		–		–			278,165
Total costs and expenses		2,190,008		35,798		189,901		(4,200)			2,411,507

Earnings from operations before equity in earnings of subsidiaries		610,430		23,477		29,755		(638)			663,024

Equity in earnings of subsidiaries		34,783		–		–		(34,783)	(d)		–

Earnings from operations		645,213		23,477		29,755		(35,421)			663,024
Interest expense		(98,163)		–		–		638	(b)		(97,525)
Fees and amortization on early extinguishment of debt		(4,081)		–		–		–			(4,081)
Pretax earnings		542,969		23,477		29,755		(34,783)			561,418
Income tax expense		(186,228)		(8,060)		(10,389)		–			(204,677)
Earnings available to common shareholders	$	356,741	$	15,417	$	19,366	$	(34,783)		$	356,741

(a) Balances for the year ended December 31, 2014
(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, 2014 are as follows:


		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(In thousands)
Revenues:
Self-moving equipment rentals	$	1,958,209	$	–	$	–	$	(2,786)	(c)	$	1,955,423
Self-storage revenues		181,794		–		–		–			181,794
Self-moving & self-storage products & service sales		234,187		–		–		–			234,187
Property management fees		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		15,212		10,592		54,398		(611)	(b)		79,591
Other revenue		158,055		–		3,211		(473)	(b)		160,793
Total revenues		2,571,950		51,644		215,528		(3,870)			2,835,252

Costs and expenses:
Operating expenses		1,272,406		20,799		23,686		(3,217)	(b,c)		1,313,674
Commission expenses		227,332		–		–		–			227,332
Cost of sales		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		100,649		–		–		(183)	(b)		100,466
Depreciation, net of (gains) losses on disposals		259,612		–		–		–			259,612
Total costs and expenses		1,987,269		32,312		188,857		(3,400)			2,205,038

Earnings from operations before equity in earnings of subsidiaries		584,681		19,332		26,671		(470)			630,214

Equity in earnings of subsidiaries		29,992		–		–		(29,992)	(d)		–

Earnings from operations		614,673		19,332		26,671		(30,462)			630,214
Interest expense		(93,162)		–		–		470	(b)		(92,692)
Pretax earnings		521,511		19,332		26,671		(29,992)			537,522
Income tax expense		(179,120)		(6,670)		(9,341)		–			(195,131)
Earnings available to common shareholders	$	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 Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(In thousands)
Revenues:
Self-moving equipment rentals	$	1,769,058	$	–	$	–	$	(1,538)	(c)	$	1,767,520
Self-storage revenues		152,660		–		–		–			152,660
Self-moving & self-storage products & service sales		221,117		–		–		–			221,117
Property management fees		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		18,622		13,858		50,850		(427)	(b)		82,903
Other revenue		96,507		–		2,525		(1,480)	(b)		97,552
Total revenues		2,282,342		48,200		231,490		(3,445)			2,558,587

Costs and expenses:
Operating expenses		1,152,429		18,007		26,482		(2,984)	(b,c)		1,193,934
Commission expenses		204,758		–		–		–			204,758
Cost of sales		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		117,615		–		–		(167)	(b)		117,448
Depreciation, net of (gains) losses on disposals		237,996		–		–		–			237,996
Total costs and expenses		1,820,014		34,006		208,535		(3,151)			2,059,404

Earnings from operations before equity in earnings of subsidiaries		462,328		14,194		22,955		(294)			499,183

Equity in earnings of subsidiaries		24,241		–		–		(24,241)	(d)		–

Earnings from operations		486,569		14,194		22,955		(24,535)			499,183
Interest expense		(90,990)		–		–		294	(b)		(90,696)
Pretax earnings		395,579		14,194		22,955		(24,241)			408,487
Income tax expense		(130,871)		(4,938)		(7,970)		–			(143,779)
Earnings available to common shareholders	$	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