Applicable laws and regulations of the States of Arizona and Nevada require Property and Casualty Insurance and Life Insurance to maintain minimum capital and surplus determined in accordance with statutory accounting principles. Audited statutory net income and statutory capital and surplus for the years ended are listed below:

		Years Ended December 31,
		2017		2016		2015
		(In thousands)
Repwest:
Audited statutory net income	$	16,328	$	19,580	$	22,308
Audited statutory capital and surplus		197,375		176,009		158,376
ARCOA:
Audited statutory net income		1,190		1,451		1,391
Audited statutory capital and surplus		7,991		6,798		5,386
Oxford:
Audited statutory net income		10,350		17,473		12,150
Audited statutory capital and surplus		195,931		189,279		172,282
CFLIC:
Audited statutory net income		8,062		8,139		9,217
Audited statutory capital and surplus		26,653		28,011		28,892
NAI:
Audited statutory net income		1,594		1,039		1,161
Audited statutory capital and surplus		12,674		12,691		12,685

The amount of dividends that can be paid to shareholders by insurance companies domiciled in the State of Arizona is limited. Any dividend in excess of the limit requires prior regulatory approval. The statutory surplus for Repwest at December 31, 2017 that could be distributed as ordinary dividends was $16.3 million. The statutory surplus for Oxford at December 31, 2017 that could be distributed as ordinary dividends was $10.4 million. Oxford did not pay a dividend to AMERCO in fiscal 2018, 2017 or 2016. After receiving approval from the Arizona Department of Insurance, Repwest paid a $19.6 million non-cash dividend to AMERCO in fiscal 2016, but did not pay a dividend in fiscal 2018 or 2017.