Consolidating Financial Information By Industry Segment (Table Text Block)

3 Months Ended

Jun. 30, 2016

Mar. 31, 2016

Jun. 30, 2015

Table Text Block Supplement [Abstract]

Consolidated Balance Sheet by Industry Segment

Consolidating balance sheets by industry segment as of June 30, 2016 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Assets:
Cash and cash equivalents	$	634,665	$	9,439	$	2,084	$	–		$	646,188
Reinsurance recoverables and trade receivables, net		45,166		112,399		31,752		–			189,317
Inventories, net		82,923		–		–		–			82,923
Prepaid expenses		94,540		–		–		–			94,540
Investments, fixed maturities and marketable equities		–		248,016		1,408,143		–			1,656,159
Investments, other		23,274		53,775		203,811		–			280,860
Deferred policy acquisition costs, net		–		–		126,830		–			126,830
Other assets		77,372		740		2,355		–			80,467
Related party assets		84,329		12,326		562		(16,405)	(c)		80,812
		1,042,269		436,695		1,775,537		(16,405)			3,238,096
Investment in subsidiaries		459,239		–		–		(459,239)	(b)		–
Property, plant and equipment, at cost:
Land		603,246		–		–		–			603,246
Buildings and improvements		2,289,715		–		–		–			2,289,715
Furniture and equipment		422,404		–		–		–			422,404
Rental trailers and other rental equipment		479,071		–		–		–			479,071
Rental trucks		3,702,784		–		–		–			3,702,784
		7,497,220		–		–		–			7,497,220
Less:  Accumulated depreciation		(2,191,507)		–		–		–			(2,191,507)
Total property, plant and equipment		5,305,713		–		–		–			5,305,713
Total assets	$	6,807,221	$	436,695	$	1,775,537	$	(475,644)		$	8,543,809
(a)  Balances as of March 31, 2016
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables

Consolidating balance sheets by industry segment as of June 30, 2016 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Liabilities:
Accounts payable and accrued expenses	$	474,414	$	1,396	$	4,306	$	–		$	480,116
Notes, loans and leases payable		2,827,052		–		–		–			2,827,052
Policy benefits and losses, claims and loss expenses payable		384,710		251,072		436,946		–			1,072,728
Liabilities from investment contracts		–		–		1,016,653		–			1,016,653
Other policyholders' funds and liabilities		–		3,024		5,867		–			8,891
Deferred income		31,506		–		–		–			31,506
Deferred income taxes		656,252		9,586		21,738		–			687,576
Related party liabilities		14,000		2,317		88		(16,405)	(c)		–
Total liabilities		4,387,934		267,395		1,485,598		(16,405)			6,124,522
Stockholders' equity :
Series preferred stock:
Series A preferred stock		–		–		–		–			–
Series B preferred stock		–		–		–		–			–
Series A common stock		–		–		–		–			–
Common stock		10,497		3,301		2,500		(5,801)	(b)		10,497
Additional paid-in capital		451,983		91,120		26,271		(117,601)	(b)		451,773
Accumulated other comprehensive income (loss)		(40,125)		7,474		26,029		(33,503)	(b)		(40,125)
Retained earnings		2,680,604		67,405		235,139		(302,334)	(b)		2,680,814
Cost of common shares in treasury, net		(525,653)		–		–		–			(525,653)
Cost of preferred shares in treasury, net		(151,997)		–		–		–			(151,997)
Unearned employee stock ownership plan shares		(6,022)		–		–		–			(6,022)
Total stockholders' equity		2,419,287		169,300		289,939		(459,239)			2,419,287
Total liabilities and stockholders' equity	$	6,807,221	$	436,695	$	1,775,537	$	(475,644)		$	8,543,809
(a)  Balances as of March 31, 2016
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables

Consolidating balance sheets by industry segment as of March 31, 2016 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(In thousands)
Assets:
Cash and cash equivalents	$	585,666	$	14,049	$	931	$	–		$	600,646
Reinsurance recoverables and trade receivables, net		34,451		111,978		28,781		–			175,210
Inventories, net		79,756		–		–		–			79,756
Prepaid expenses		134,300		–		–		–			134,300
Investments, fixed maturities and marketable equities		–		238,570		1,271,968		–			1,510,538
Investments, other		21,431		47,374		241,267		–			310,072
Deferred policy acquisition costs, net		–		–		136,386		–			136,386
Other assets		71,719		3,088		2,403		–			77,210
Related party assets		88,022		12,465		613		(15,366)	(c)		85,734
		1,015,345		427,524		1,682,349		(15,366)			3,109,852
Investment in subsidiaries		432,277		–		–		(432,277)	(b)		–
Property, plant and equipment, at cost:
Land		587,347		–		–		–			587,347
Buildings and improvements		2,187,400		–		–		–			2,187,400
Furniture and equipment		399,943		–		–		–			399,943
Rental trailers and other rental equipment		462,379		–		–		–			462,379
Rental trucks		3,514,175		–		–		–			3,514,175
		7,151,244		–		–		–			7,151,244
Less:  Accumulated depreciation		(2,133,733)		–		–		–			(2,133,733)
Total property, plant and equipment		5,017,511		–		–		–			5,017,511
Total assets	$	6,465,133	$	427,524	$	1,682,349	$	(447,643)		$	8,127,363
(a)  Balances as of December 31, 2015
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables

Consolidating balance sheets by industry segment as of March 31, 2016 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(In thousands)
Liabilities:
Accounts payable and accrued expenses	$	492,982	$	1,535	$	8,096	$	–		$	502,613
Notes, loans and leases payable		2,665,396		–		–		–			2,665,396
Policy benefits and losses, claims and loss expenses payable		386,366		252,819		432,227		–			1,071,412
Liabilities from investment contracts		–		–		951,490		–			951,490
Other policyholders' funds and liabilities		–		3,017		5,633		–			8,650
Deferred income		22,784		–		–		–			22,784
Deferred income taxes		633,061		7,526		13,025		–			653,612
Related party liabilities		13,138		2,067		161		(15,366)	(c)		–
Total liabilities		4,213,727		266,964		1,410,632		(15,366)			5,875,957
Stockholders' equity :
Series preferred stock:		–		–		–		–			–
Series A preferred stock		–		–		–		–			–
Series B preferred stock		–		–		–		–			–
Series A common stock		–		–		–		–			–
Common stock		10,497		3,301		2,500		(5,801)	(b)		10,497
Additional paid-in capital		451,839		91,120		26,271		(117,601)	(b)		451,629
Accumulated other comprehensive income (loss)		(60,525)		3,611		10,504		(14,115)	(b)		(60,525)
Retained earnings		2,533,431		62,528		232,442		(294,760)	(b)		2,533,641
Cost of common shares in treasury, net		(525,653)		–		–		–			(525,653)
Cost of preferred shares in treasury, net		(151,997)		–		–		–			(151,997)
Unearned employee stock ownership plan shares		(6,186)		–		–		–			(6,186)
Total stockholders' equity	$	2,251,406		160,560		271,717		(432,277)			2,251,406
Total liabilities and stockholders' equity		6,465,133	$	427,524	$	1,682,349	$	(447,643)		$	8,127,363
(a)  Balances as of December 31, 2015
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables

Consolidated Statement of Operations by Industry Segment

Consolidating statement of operations by industry segment for the quarter ended June 30, 2016 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Revenues:
Self-moving equipment rentals	$	647,116	$	–	$	–	$	(780)	(c)	$	646,336
Self-storage revenues		67,722		–		–		–			67,722
Self-moving and self-storage products and service sales		77,303		–		–		–			77,303
Property management fees		6,604		–		–		–			6,604
Life insurance premiums		–		–		40,892		–			40,892
Property and casualty insurance premiums		–		11,255		–		–			11,255
Net investment and interest income		2,112		5,630		19,994		(187)	(b)		27,549
Other revenue		44,974		–		909		(135)	(b)		45,748
Total revenues		845,831		16,885		61,795		(1,102)			923,409
Costs and expenses:
Operating expenses		373,672		6,285		6,031		(906)	(b,c)		385,082
Commission expenses		73,816		–		–		–			73,816
Cost of sales		43,362		–		–		–			43,362
Benefits and losses		–		3,097		43,906		–			47,003
Amortization of deferred policy acquisition costs		–		–		7,942		–			7,942
Lease expense		11,095		–		–		(47)	(b)		11,048
Depreciation, net of (gains) losses on disposals		95,381		–		–		–			95,381
Total costs and expenses		597,326		9,382		57,879		(953)			663,634
Earnings from operations before equity in earnings of subsidiaries		248,505		7,503		3,916		(149)			259,775
Equity in earnings of subsidiaries		7,574		–		–		(7,574)	(d)		–
Earnings from operations		256,079		7,503		3,916		(7,723)			259,775
Interest expense		(26,793)		–		–		149	(b)		(26,644)
Pretax earnings		229,286		7,503		3,916		(7,574)			233,131
Income tax expense		(82,113)		(2,626)		(1,219)		–			(85,958)
Earnings available to common shareholders	$	147,173	$	4,877	$	2,697	$	(7,574)		$	147,173
(a)  Balances for the quarter ended March 31, 2016
(b) Eliminate intercompany lease / interest income
(c) Eliminate intercompany premiums
(d) Eliminate equity in earnings of subsidiaries

Consolidating statements of operations by industry for the quarter ended June 30, 2015 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			AMERCO Consolidated
		(Unaudited)
		(In thousands)
Revenues:
Self-moving equipment rentals	$	630,039	$	–	$	–	$	(753)	(c)	$	629,286
Self-storage revenues		57,191		–		–		–			57,191
Self-moving and self-storage products and service sales		77,258		–		–		–			77,258
Property management fees		6,111		–		–		–			6,111
Life insurance premiums		–		–		40,266		–			40,266
Property and casualty insurance premiums		–		10,556		–		–			10,556
Net investment and interest income		2,817		4,334		15,020		(199)	(b)		21,972
Other revenue		41,424		–		783		(42)	(b)		42,165
Total revenues		814,840		14,890		56,069		(994)			884,805
Costs and expenses:
Operating expenses		351,855		6,339		5,762		(787)	(b,c)		363,169
Commission expenses		73,058		–		–		–			73,058
Cost of sales		41,255		–		–		–			41,255
Benefits and losses		–		2,073		41,318		–			43,391
Amortization of deferred policy acquisition costs		–		–		4,778		–			4,778
Lease expense		17,111		–		–		(47)	(b)		17,064
Depreciation, net of (gains) losses on disposals		50,982		–		–		–			50,982
Total costs and expenses		534,261		8,412		51,858		(834)			593,697
Earnings from operations before equity in earnings of subsidiaries		280,579		6,478		4,211		(160)			291,108
Equity in earnings of subsidiaries		6,950		–		–		(6,950)	(d)		–
Earnings from operations		287,529		6,478		4,211		(7,110)			291,108
Interest expense		(22,260)		–		–		160	(b)		(22,100)
Pretax earnings		265,269		6,478		4,211		(6,950)			269,008
Income tax expense		(93,984)		(2,267)		(1,472)		–			(97,723)
Earnings available to common shareholders	$	171,285	$	4,211	$	2,739	$	(6,950)		$	171,285
(a)  Balances for the quarter ended March 31, 2015
(b) Eliminate intercompany lease/interest income
(c) Eliminate intercompany premiums
(d) Eliminate equity in earnings of subsidiaries

Consolidated Cash Flow Statement by Industry Segment

Consolidating cash flow statements by industry segment for the quarter ended June 30, 2016 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Elimination		AMERCO Consolidated
		(Unaudited)
		(In thousands)
Cash flows from operating activities:
Net earnings	$	147,173	$	4,877	$	2,697	$	(7,574)	$	147,173
Earnings from consolidated subsidiaries		(7,574)		–		–		7,574		–
Adjustments to reconcile net earnings to the cash provided by operations:
Depreciation		114,021		–		–		–		114,021
Amortization of deferred policy acquisition costs		–		–		7,942		–		7,942
Amortization of debt issuance costs		961		–		–		–		961
Interest credited to policyholders		–		–		5,059		–		5,059
Change in allowance for losses on trade receivables		21		–		–		–		21
Change in allowance for inventory reserve		1,221		–		–		–		1,221
Net gain on sale of real and personal property		(18,640)		–		–		–		(18,640)
Net gain on sale of investments		–		(2,163)		(243)		–		(2,406)
Deferred income taxes		22,401		(21)		353		–		22,733
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		(10,746)		(421)		(2,971)		–		(14,138)
Inventories		(4,391)		–		–		–		(4,391)
Prepaid expenses		39,828		–		–		–		39,828
Capitalization of deferred policy acquisition costs		–		–		(7,252)		–		(7,252)
Other assets		(5,817)		2,377		48		–		(3,392)
Related party assets		3,687		397		–		–		4,084
Accounts payable and accrued expenses		58,699		(142)		(1,458)		–		57,099
Policy benefits and losses, claims and loss expenses payable		(1,600)		(1,746)		4,719		–		1,373
Other policyholders' funds and liabilities		–		8		234		–		242
Deferred income		8,727		–		–		–		8,727
Related party liabilities		861		(7)		(73)		–		781
Net cash provided (used) by operating activities		348,832		3,159		9,055		–		361,046
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		(437,287)		–		–		–		(437,287)
Short term investments		–		(18,901)		(258,137)		–		(277,038)
Fixed maturities investments		–		(13,469)		(153,179)		–		(166,648)
Real estate		(3,495)		–		–		–		(3,495)
Mortgage loans		(1,838)		(3,063)		(57,671)		–		(62,572)
Proceeds from sales and paydowns of:
Property, plant and equipment		147,196		–		–		–		147,196
Short term investments		–		11,246		268,095		–		279,341
Fixed maturities investments		–		8,201		47,745		–		55,946
Preferred stock		–		2,000		–		–		2,000
Real estate		–		–		831		–		831
Mortgage loans		3,490		6,217		84,308		–		94,015
Net cash provided (used) by investing activities		(291,934)		(7,769)		(68,008)		–		(367,711)
		(page 1 of 2)
(a) Balance for the period ended March 31, 2016

Continuation of consolidating cash flow statements by industry segment for the quarter ended June 30, 2016 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Elimination		AMERCO Consolidated
		(Unaudited)
		(In thousands)
Cash flows from financing activities:
Borrowings from credit facilities		103,338		–		–		–		103,338
Principal repayments on credit facilities		(48,326)		–		–		–		(48,326)
Debt issuance costs		(223)		–		–		–		(223)
Capital lease payments		(37,405)		–		–		–		(37,405)
Employee Stock Ownership Plan		(1,393)		–		–		–		(1,393)
Securitization deposits		93		–		–		–		93
Common stock dividends paid		(19,586)		–		–		–		(19,586)
Investment contract deposits		–		–		74,157		–		74,157
Investment contract withdrawals		–		–		(14,051)		–		(14,051)
Net cash provided (used) by financing activities		(3,502)		–		60,106		–		56,604
Effects of exchange rate on cash		(4,397)		–		–		–		(4,397)
Increase (decrease) in cash and cash equivalents		48,999		(4,610)		1,153		–		45,542
Cash and cash equivalents at beginning of period		585,666		14,049		931		–		600,646
Cash and cash equivalents at end of period	$	634,665	$	9,439	$	2,084	$	–	$	646,188
		(page 2 of 2)
(a) Balance for the period ended March 31, 2016

Consolidating cash flow statements by industry segment for the quarter ended June 30, 2015 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Elimination		AMERCO Consolidated
		(Unaudited)
		(In thousands)
Cash flows from operating activities:
Net earnings	$	171,285	$	4,211	$	2,739	$	(6,950)	$	171,285
Earnings from consolidated subsidiaries		(6,950)		–		–		6,950		–
Adjustments to reconcile net earnings to the cash provided by operations:
Depreciation		96,966		–		–		–		96,966
Amortization of deferred policy acquisition costs		–		–		4,778		–		4,778
Amortization of debt issuance costs		743		–		–		–		743
Interest credited to policyholders		–		–		5,484		–		5,484
Change in allowance for losses on trade receivables		(61)		–		–		–		(61)
Change in allowance for inventory reserve		(248)		–		–		–		(248)
Net gain on sale of real and personal property		(45,984)		–		–		–		(45,984)
Net gain on sale of investments		–		(781)		(672)		–		(1,453)
Deferred income taxes		19,675		1,004		(1,813)		–		18,866
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		(17,122)		(1,576)		(651)		–		(19,349)
Inventories		(140)		–		–		–		(140)
Prepaid expenses		56,624		–		–		–		56,624
Capitalization of deferred policy acquisition costs		–		–		(7,137)		–		(7,137)
Other assets		8,494		831		43		–		9,368
Related party assets		5,496		170		–		–		5,666
Accounts payable and accrued expenses		52,642		(232)		1,587		–		53,997
Policy benefits and losses, claims and loss expenses payable		6,074		(908)		6,503		–		11,669
Other policyholders' funds and liabilities		–		(193)		4,893		–		4,700
Deferred income		8,342		–		–		–		8,342
Related party liabilities		830		146		462		–		1,438
Net cash provided (used) by operating activities		356,666		2,672		16,216		–		375,554
Cash flows from investing activities:
Purchases of:
Property, plant and equipment		(452,572)		–		–		–		(452,572)
Short term investments		–		(11,824)		(61,693)		–		(73,517)
Fixed maturities investments		–		(9,827)		(37,245)		–		(47,072)
Equity securities		–		–		(967)		–		(967)
Preferred stock		–		(2)		–		–		(2)
Real estate		–		(6)		(17)		–		(23)
Mortgage loans		(8,226)		–		(74,613)		–		(82,839)
Proceeds from sales and paydowns of:
Property, plant and equipment		194,133		–		–		–		194,133
Short term investments		–		10,298		78,034		–		88,332
Fixed maturities investments		–		6,221		24,119		–		30,340
Equity securities		–		–		799		–		799
Mortgage loans		1,075		4,064		9,167		–		14,306
Net cash provided (used) by investing activities		(265,590)		(1,076)		(62,416)		–		(329,082)
		(page 1 of 2)
(a) Balance for the period ended March 31, 2015

Continuation of consolidating cash flow statements by industry segment for the quarter ended June 30, 2015 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Elimination		AMERCO Consolidated
		(Unaudited)
		(In thousands)
Cash flows from financing activities:
Borrowings from credit facilities		41,206		–		47,000		–		88,206
Principal repayments on credit facilities		(65,797)		–		(17,000)		–		(82,797)
Capital lease payments		(33,974)		–		–		–		(33,974)
Employee Stock Ownership Plan - repayments from loan		(1,388)		–		–		–		(1,388)
Investment contract deposits		–		–		33,768		–		33,768
Investment contract withdrawals		–		–		(13,215)		–		(13,215)
Net cash provided (used) by financing activities		(59,953)		–		50,553		–		(9,400)
Effects of exchange rate on cash		(3,360)		–		–		–		(3,360)
Increase in cash and cash equivalents		27,763		1,596		4,353		–		33,712
Cash and cash equivalents at beginning of period		431,873		8,495		1,482		–		441,850
Cash and cash equivalents at end of period	$	459,636	$	10,091	$	5,835	$	–	$	475,562
		(page 1 of 2)
(a) Balance for the period ended March 31, 2015