Consolidating Financial Information by Industry Segment	12 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Consolidating Financial Information by Industry Segment	Note 22A.   Consolidating Financial Information by Industry Segment AMERCO’s three reportable segments are: Moving and Storage, comprised of AMERCO, U-Haul, and Real Estate and the subsidiaries of    U-Haul and Real Estate; Property and Casualty Insurance, comprised of Repwest and its subsidiaries and ARCOA; and Life Insurance, comprised of Oxford and its subsidiaries. Management tracks revenues separately, but does not report any separate measure of the profitability for rental vehicles, rentals of self-storage spaces and sales of products that are required to be classified as a separate operating segment and accordingly does not present these as separate reportable segments. Deferred income taxes, net are shown as liabilities on the consolidating statements. The information includes elimination entries necessary to consolidate AMERCO, the parent, with its subsidiaries. Investments in subsidiaries are accounted for by the parent using the equity method of accounting. F- 47   amerco and consolidated subsidiaries notes to condensed consolidated financial statements – (continued)   Note 22A. Financial Information by Consolidating Industry Segment: Consolidating balance sheets by industry segment as of March   31, 2020 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated     (In thousands) Assets:                       Cash and cash equivalents $ 459,078 $ 4,794 $ 30,480 $ –   $ 494,352 Reinsurance recoverables and trade receivables, net   60,073   93,995   32,604   –     186,672 Inventories and parts, net   101,083   –   –   –     101,083 Prepaid expenses   562,904   –   –   –     562,904 Investments, fixed maturities and marketable equities   –   288,998   2,203,740   –     2,492,738 Investments, other   20,988   90,145   249,240   –     360,373 Deferred policy acquisition costs, net   –   –   103,118   –     103,118 Other assets   69,128   680   2,148   –     71,956 Right of use assets - financing, net   1,080,353   –   –   –     1,080,353 Right of use assets - operating   106,631   –   –   –     106,631 Related party assets   41,027   7,137   18,629   (32,009) (c)   34,784     2,501,265   485,749   2,639,959   (32,009)     5,594,964                         Investment in subsidiaries   668,498   –   –   (668,498) (b)   –                         Property, plant and equipment, at cost:                       Land   1,032,945   –   –   –     1,032,945 Buildings and improvements   4,663,461   –   –   –     4,663,461 Furniture and equipment   752,363   –   –   –     752,363 Rental trailers and other rental equipment   511,520   –   –   –     511,520 Rental trucks   3,595,933   –   –   –     3,595,933     10,556,222   –   –   –     10,556,222 Less:   Accumulated depreciation   (2,713,162)   –   –   –     (2,713,162) Total property, plant and equipment   7,843,060   –   –   –     7,843,060 Total assets $ 11,012,823 $ 485,749 $ 2,639,959 $ (700,507)   $ 13,438,024                         (a)   Balances as of December 31, 2019                       (b) Eliminate investment in subsidiaries                       (c) Eliminate intercompany receivables and payables                       F- 48   amerco and consolidated subsidiaries notes to condensed consolidated financial statements – (continued) Consolidating balance sheets by industry segment as of March   31, 2020 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated     (In thousands) Liabilities:                       Accounts payable and accrued expenses $ 545,685 $ 5,530 $ 3,138 $ –   $ 554,353 Notes, loans and finance/capital leases payable, net   4,609,844   –   11,447   –     4,621,291 Operating lease liability   106,443   –   –   –     106,443 Policy benefits and losses, claims and loss expenses payable   410,107   210,341   377,199   –     997,647 Liabilities from investment contracts   –   –   1,802,217   –     1,802,217 Other policyholders' funds and liabilities   –   5,751   4,439   –     10,190 Deferred income   31,620   –   –   –     31,620 Deferred income taxes, net   1,063,681   8,447   21,415   –     1,093,543 Related party liabilities   24,275   4,616   2,670   (31,561) (c)   – Total liabilities   6,791,655   234,685   2,222,525   (31,561)     9,217,304                         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   454,029   91,120   26,271   (117,601) (b)   453,819 Accumulated other comprehensive income (loss)   35,100   12,581   78,550   (91,579) (b)   34,652 Retained earnings   4,399,192   144,062   310,113   (453,965) (b)   4,399,402 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   –   –   –   –     – Total stockholders' equity   4,221,168   251,064   417,434   (668,946)     4,220,720 Total liabilities and stockholders' equity $ 11,012,823 $ 485,749 $ 2,639,959 $ (700,507)   $ 13,438,024                         (a)   Balances as of December 31, 2019                       (b) Eliminate investment in subsidiaries                       (c) Eliminate intercompany receivables and payables                       F- 49   amerco and consolidated subsidiaries notes to condensed consolidated financial statements – (continued) Consolidating balance sheets by industry segment as of March 31, 2019 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated     (In thousands) Assets:                       Cash and cash equivalents $ 643,918 $ 5,757 $ 24,026 $ –   $ 673,701 Reinsurance recoverables and trade receivables, net   90,832   102,120   31,833   –     224,785 Inventories and parts, net   103,504   –   –   –     103,504 Prepaid expenses   174,100   –   –   –     174,100 Investments, fixed maturities and marketable equities   –   279,641   1,955,756   –     2,235,397 Investments, other   23,013   74,679   203,044   –     300,736 Deferred policy acquisition costs, net   –   –   136,276   –     136,276 Other assets   72,768   2,456   3,130   –     78,354 Related party assets   35,997   6,639   16,466   (28,213) (c)   30,889     1,144,132   471,292   2,370,531   (28,213)     3,957,742                         Investment in subsidiaries   534,157   –   –   (534,157) (b)   –                         Property, plant and equipment, at cost:                       Land   976,454   –   –   –     976,454 Buildings and improvements   4,003,726   –   –   –     4,003,726 Furniture and equipment   689,780   –   –   –     689,780 Rental trailers and other rental equipment   590,039   –   –   –     590,039 Rental trucks   4,762,028   –   –   –     4,762,028     11,022,027   –   –   –     11,022,027 Less:   Accumulated depreciation   (3,088,056)   –   –   –     (3,088,056) Total property, plant and equipment   7,933,971   –   –   –     7,933,971 Total assets $ 9,612,260 $ 471,292 $ 2,370,531 $ (562,370)   $ 11,891,713                         (a)   Balances as of December 31, 2018                       (b) Eliminate investment in subsidiaries                       (c) Eliminate intercompany receivables and payables                       F- 50   amerco and consolidated subsidiaries notes to condensed consolidated financial statements – (continued) Consolidating balance sheets by industry segment as of March 31, 2019 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated     (In thousands) Liabilities:                       Accounts payable and accrued expenses $ 548,099 $ 2,844 $ 5,930 $ –   $ 556,873 Notes, loans and leases payable, net   4,163,323   –   –   –     4,163,323 Policy benefits and losses, claims and loss expenses payable   407,934   229,958   373,291   –     1,011,183 Liabilities from investment contracts   –   –   1,666,742   –     1,666,742 Other policyholders' funds and liabilities   –   5,259   9,788   –     15,047 Deferred income   35,186   –   –   –     35,186 Deferred income taxes, net   741,644   6,961   2,365   –     750,970 Related party liabilities   25,446   3,836   692   (29,974) (c)   – Total liabilities   5,921,632   248,858   2,058,808   (29,974)     8,199,324                         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   453,536   91,120   26,271   (117,601) (b)   453,326 Accumulated other comprehensive income (loss)   (68,459)   (3,721)   (5,300)   10,782 (b)   (66,698) Retained earnings   3,976,752   131,734   288,252   (419,776) (b)   3,976,962 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   (4,048)   –   –   –     (4,048) Total stockholders' equity $ 3,690,628   222,434   311,723   (532,396)     3,692,389 Total liabilities and stockholders' equity   9,612,260 $ 471,292 $ 2,370,531 $ (562,370)   $ 11,891,713                         (a)   Balances as of December 31, 2018                       (b) Eliminate investment in subsidiaries                       (c) Eliminate intercompany receivables and payables                       F- 51   amerco and consolidated subsidiaries notes to condensed consolidated financial statements – (continued) Consolidating statements of operations by industry segment for period ending March 31, 2020 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated     (In thousands) Revenues:                       Self-moving equipment rentals $ 2,696,516 $ – $ – $ (4,103) (c) $ 2,692,413 Self-storage revenues   418,741   –   –   –     418,741 Self-moving & self-storage products & service sales   265,091   –   –   –     265,091 Property management fees   30,406   –   –   –     30,406 Life insurance premiums   –   –   127,976   –     127,976 Property and casualty insurance premiums   –   69,141   –   (3,088) (c)   66,053 Net investment and interest income   10,593   19,923   109,018   (1,705) (b)   137,829 Other revenue   236,419   –   4,470   (530) (b)   240,359 Total revenues   3,657,766   89,064   241,464   (9,426)     3,978,868                         Costs and expenses:                       Operating expenses   2,069,655   33,770   21,425   (7,702) (b,c)   2,117,148 Commission expenses   288,332   –   –   –     288,332 Cost of sales   164,018   –   –   –     164,018 Benefits and losses   –   12,410   162,426   –     174,836 Amortization of deferred policy acquisition costs   –   –   31,219   –     31,219 Lease expense   27,494   –   –   (612) (b)   26,882 Depreciation, net gains on disposals   637,063   –   –   –     637,063 Net gains on disposal of real estate   (758)   –   –   –     (758) Total costs and expenses   3,185,804   46,180   215,070   (8,314)     3,438,740                         Earnings from operations before equity in earnings of subsidiaries   471,962   42,884   26,394   (1,112)     540,128                         Equity in earnings of subsidiaries   55,789   –   –   (55,789) (d)   –                         Earnings from operations   527,751   42,884   26,394   (56,901)     540,128 Other components of net periodic benefit costs   (1,054)   –   –   –     (1,054) Interest expense   (162,062)   –   –   1,112 (b)   (160,950) Pretax earnings   364,635   42,884   26,394   (55,789)     378,124 Income tax benefit (expense)   77,413   (8,956)   (4,533)   –     63,924 Earnings available to common shareholders $ 442,048 $ 33,928 $ 21,861 $ (55,789)   $ 442,048                         (a)   Balances for the year ended December 31, 2019                       (b) Eliminate intercompany lease / interest income                       (c) Eliminate intercompany premiums                       (d) Eliminate equity in earnings of subsidiaries                       F- 52   amerco and consolidated subsidiaries notes to condensed consolidated financial statements – (continued) Consolidating statements of operations by industry segment for period ending March 31, 2019 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated     (In thousands) Revenues:                       Self-moving equipment rentals $ 2,656,327 $ – $ – $ (2,830) (c) $ 2,653,497 Self-storage revenues   367,276   –   –   –     367,276 Self-moving & self-storage products & service sales   264,146   –   –   –     264,146 Property management fees   29,148   –   –   –     29,148 Life insurance premiums   –   –   63,488   –     63,488 Property and casualty insurance premiums   –   63,488   –   (2,635) (c)   60,853 Net investment and interest income   13,857   12,349   86,395   (1,667) (b)   110,934 Other revenue   215,055   –   4,831   (521) (b)   219,365 Total revenues   3,545,809   75,837   154,714   (7,653)     3,768,707                         Costs and expenses:                       Operating expenses   1,938,317   34,218   14,613   (5,968) (b,c)   1,981,180 Commission expenses   288,408   –   –   –     288,408 Cost of sales   162,142   –   –   –     162,142 Benefits and losses   –   14,213   86,064   –     100,277 Amortization of deferred policy acquisition costs   –   –   28,556   –     28,556 Lease expense   33,702   –   –   (544) (b)   33,158 Depreciation, net gains on disposals   554,043   –   –   –     554,043 Net gains on disposal of real estate   (44)   –   –   –     (44) Total costs and expenses   2,976,568   48,431   129,233   (6,512)     3,147,720                         Earnings from operations before equity in earnings of subsidiaries   569,241   27,406   25,481   (1,141)     620,987                         Equity in earnings of subsidiaries   41,811   –   –   (41,811) (d)   –                         Earnings from operations   611,052   27,406   25,481   (42,952)     620,987 Other components of net periodic benefit costs   (1,013)   –   –   –     (1,013) Interest expense   (143,586)   –   –   1,141 (b)   (142,445) Pretax earnings   466,453   27,406   25,481   (41,811)     477,529 Income tax expense   (95,596)   (5,698)   (5,378)   –     (106,672) Earnings available to common shareholders $ 370,857 $ 21,708 $ 20,103 $ (41,811)   $ 370,857                         (a)   Balances for the year ended December 31, 2018                       (b) Eliminate intercompany lease/interest income                       (c) Eliminate intercompany premiums                       (d) Eliminate equity in earnings of subsidiaries                       F- 53   amerco and consolidated subsidiaries notes to condensed consolidated financial statements – (continued) Consolidating statements of operations by industry segment for period ending March 31, 2018 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated     (In thousands) Revenues:                       Self-moving equipment rentals $ 2,483,956 $ – $ – $ (4,214) (c) $ 2,479,742 Self-storage revenues   323,903   –   –   –     323,903 Self-moving & self-storage products & service sales   261,557   –   –   –     261,557 Property management fees   29,602   –   –   –     29,602 Life insurance premiums   –   –   154,703   –     154,703 Property and casualty insurance premiums   –   58,800   –   (1,700) (c)   57,100 Net investment and interest income   12,232   15,771   84,158   (1,688) (b)   110,473 Other revenue   179,417   –   5,001   (384) (b)   184,034 Total revenues   3,290,667   74,571   243,862   (7,986)     3,601,114                         Costs and expenses:                       Operating expenses   1,758,697   32,710   22,061   (6,412) (b,c)   1,807,056 Commission expenses   276,705   –   –   –     276,705 Cost of sales   160,489   –   –   –     160,489 Benefits and losses   –   15,983   169,328   –     185,311 Amortization of deferred policy acquisition costs   –   –   24,514   –     24,514 Lease expense   34,243   –   –   (283) (b)   33,960 Depreciation, net gains on disposals   543,247   –   –   –     543,247 Net (gains) losses on disposal of real estate   (195,414)   –   –   –     (195,414) Total costs and expenses   2,577,967   48,693   215,903   (6,695)     2,835,868                         Earnings from operations before equity in earnings of subsidiaries   712,700   25,878   27,959   (1,291)     765,246                         Equity in earnings of subsidiaries   46,990   –   –   (46,990) (d)   –                         Earnings from operations   759,690   25,878   27,959   (48,281)     765,246 Other components of net periodic benefit costs   (927)   –   –   –     (927) Interest expense   (127,997)   –   –   1,291 (b)   (126,706) Pretax earnings   630,766   25,878   27,959   (46,990)     637,613 Income tax benefit (expense)   159,817   (2,989)   (3,858)   –     152,970 Earnings available to common shareholders $ 790,583 $ 22,889 $ 24,101 $ (46,990)   $ 790,583                         (a)   Balances for the year ended December 31, 2017                       (b) Eliminate intercompany lease/interest income                       (c) Eliminate intercompany premiums                       (d) Eliminate equity in earnings of subsidiaries                       F- 54   amerco and consolidated subsidiaries notes to condensed consolidated financial statements – (continued) Consolidating cash flow statements by industry segment for the year ended March 31, 2020, are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Elimination     AMERCO Consolidated     (In thousands) Cash flows from operating activities:                       Net earnings $ 442,048 $ 33,928 $ 21,861 $ (55,789)   $ 442,048 Earnings from consolidated subsidiaries   (55,789)   –   –   55,789     – Adjustments to reconcile net earnings to cash provided by operations:                       Depreciation   664,120   –   –   –     664,120 Amortization of deferred policy acquisition costs   –   –   31,219   –     31,219 Amortization of premiums and accretion of discounts related to investments, net   –   1,469   11,848   –     13,317 Amortization of debt issuance costs   4,426   –   –   –     4,426 Interest credited to policyholders   –   –   51,857   –     51,857 Change in allowance for losses on trade receivables   (14)   –   –   –     (14) Change in allowance for inventories and parts reserve   640   –   –   –     640 Net gains on disposal of personal property   (27,057)   –   –   –     (27,057) Net gains on disposal of real estate   (758)   –   –   –     (758) Net gains on sales of investments   –   (355)   (13,241)   –     (13,596) Net gains on equity securities   –   (3,783)   –   –     (3,783) Deferred income taxes   323,980   (2,847)   (3,240)   –     317,893 Net change in other operating assets and liabilities:                       Reinsurance recoverables and trade receivables   30,771   8,127   (769)   –     38,129 Inventories and parts   1,776   –   –   –     1,776 Prepaid expenses   (391,120)   –   –   –     (391,120) Capitalization of deferred policy acquisition costs   –   –   (24,447)   –     (24,447) Other assets   (3,099)   2,098   (294)   –     (1,295) Related party assets   (5,106)   (539)   –   –     (5,645) Accounts payable and accrued expenses   (4,428)   2,688   (2,790)   –     (4,530) Policy benefits and losses, claims and loss expenses payable   3,092   (19,618)   3,908   –     (12,618) Other policyholders' funds and liabilities   –   491   (5,348)   –     (4,857) Deferred income   (1,818)   –   –   –     (1,818) Related party liabilities   (1,170)   819   1,977   –     1,626 Net cash provided by operating activities   980,494   22,478   72,541   –     1,075,513                         Cash flows from investing activities:                       Escrow deposits   6,617   –   –   –     6,617 Purchases of:                       Property, plant and equipment   (2,309,406)   –   –   –     (2,309,406) Short term investments   –   (60,590)   (636)   –     (61,226) Fixed maturities investments   –   (13,001)   (366,348)   –     (379,349) Equity securities   –   –   (83)   –     (83) Preferred stock   –   –   –   –     – Real estate   –   (328)   (3,958)   –     (4,286) Mortgage loans   –   (18,050)   (43,966)   –     (62,016) Proceeds from sales and paydowns of:                       Property, plant and equipment   687,375   –   –   –     687,375 Short term investments   –   59,056   –   –     59,056 Fixed maturities investments   –   25,386   243,250   –     268,636 Equity securities   –   185   –   –     185 Preferred stock   –   1,375   1,000   –     2,375 Real estate   311   –   –   –     311 Mortgage loans   –   4,126   21,036   –     25,162 Net cash used by investing activities   (1,615,103)   (1,841)   (149,705)   –     (1,766,649)     (page 1 of 2) (a) Balance for the period ended December 31, 2019                       F- 55   amerco and consolidated subsidiaries notes to condensed consolidated financial statements – (continued) Continuation of consolidating cash flow statements by industry segment for the year ended March 31, 2020, are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Elimination     AMERCO Consolidated     (In thousands) Cash flows from financing activities:                       Borrowings from credit facilities   1,118,912   –   2,500   –     1,121,412 Principal repayments on credit facilities   (347,486)   –   (2,500)   –     (349,986) Payment of debt issuance costs   (5,332)   –   –   –     (5,332) Capital lease payments   (307,782)   –   –   –     (307,782) Employee stock ownership plan shares   (206)   –   –   –     (206) Securitization deposits   –   –   –   –     – Common stock dividends paid   (29,404)   –   –   –     (29,404) Net contribution from (to) related party   21,600   (21,600)   –   –     – Investment contract deposits   –   –   234,640   –     234,640 Investment contract withdrawals   –   –   (151,022)   –     (151,022) Net cash provided (used) by financing activities   450,302   (21,600)   83,618   –     512,320                         Effects of exchange rate on cash   (533)   –   –   –     (533)                         Decrease in cash and cash equivalents   (184,840)   (963)   6,454   –     (179,349) Cash and cash equivalents at beginning of period   643,918   5,757   24,026   –     673,701 Cash and cash equivalents at end of period $ 459,078 $ 4,794 $ 30,480 $ –   $ 494,352     (page 2 of 2) (a) Balance for the period ended December 31, 2019                       F- 56   amerco and consolidated subsidiaries notes to condensed consolidated financial statements – (continued) Consolidating cash flow statements by industry segment for the year ended March 31, 2019, are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Elimination     AMERCO Consolidated     (In thousands) Cash flows from operating activities:                       Net earnings $ 370,857 $ 21,708 $ 20,103 $ (41,811)   $ 370,857 Earnings from consolidated subsidiaries   (41,811)   –   –   41,811     – Adjustments to reconcile net earnings to cash provided by operations:                       Depreciation   581,025   –   –   –     581,025 Amortization of deferred policy acquisition costs   –   –   28,556   –     28,556 Amortization of premiums and accretion of discounts related to investments, net   –   1,361   11,746   –     13,107 Amortization of debt issuance costs   3,923   –   –   –     3,923 Interest credited to policyholders   –   –   35,387   –     35,387 Change in allowance for losses on trade receivables   57   –   (5)   –     52 Change in allowance for inventories and parts reserve   (146)   –   –   –     (146) Net gains on disposal of personal property   (26,982)   –   –   –     (26,982) Net gains on disposal of real estate   (44)   –   –   –     (44) Net (gains) losses on sales of investments   –   (2,971)   308   –     (2,663) Net losses on equity securities   –   5,739   –   –     5,739 Deferred income taxes   112,434   830   (6,453)   –     106,811 Net change in other operating assets and liabilities:                       Reinsurance recoverables and trade receivables   (26,160)   (2,438)   (2,767)   –     (31,365) Inventories and parts   (13,492)   –   –   –     (13,492) Prepaid expenses   (8,620)   –   –   –     (8,620) Capitalization of deferred policy acquisition costs   –   –   (25,957)   –     (25,957) Other assets   159,126   (1,449)   (525)   –     157,152 Related party assets   3,857   339   (2)   –     4,194 Accounts payable and accrued expenses   6,454   257   3,552   –     10,263 Policy benefits and losses, claims and loss expenses payable   (159,793)   (4,400)   (71,927)   –     (236,120) Other policyholders' funds and liabilities   –   (117)   5,124   –     5,007 Deferred income   966   –   –   –     966 Related party liabilities   (2,711)   944   (300)   –     (2,067) Net cash provided (used) by operating activities   958,940   19,803   (3,160)   –     975,583                         Cash flows from investing activities:                       Escrow deposits   4,299   –   –   –     4,299 Purchases of:                       Property, plant and equipment   (1,869,968)   –   –   –     (1,869,968) Short term investments   –   (53,878)   (170)   –     (54,048) Fixed maturities investments   –   (33,775)   (506,270)   –     (540,045) Equity securities   –   –   (957)   –     (957) Preferred stock   –   –   –   –     – Real estate   (236)   (187)   (212)   –     (635) Mortgage loans   –   (20,031)   (43,580)   –     (63,611) Proceeds from sales and paydowns of:                       Property, plant and equipment   606,271   –   –   –     606,271 Short term investments   –   58,767   7,270   –     66,037 Fixed maturities investments   –   12,305   111,246   –     123,551 Equity securities   –   8,608   –   –     8,608 Preferred stock   –   1,625   –   –     1,625 Real estate   –   –   –   –     – Mortgage loans   –   5,881   141,856   –     147,737 Net cash used by investing activities   (1,259,634)   (20,685)   (290,817)   –     (1,571,136)     (page 1 of 2) (a) Balance for the period ended December 31, 2018                       F- 57   amerco and consolidated subsidiaries notes to condensed consolidated financial statements – (continued) Continuation of consolidating cash flow statements by industry segment for the year ended March 31, 2019, are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Elimination     AMERCO Consolidated     (In thousands) Cash flows from financing activities:                       Borrowings from credit facilities   897,311   –   –   –     897,311 Principal repayments on credit facilities   (299,748)   –   –   –     (299,748) Payment of debt issuance costs   (7,243)   –   –   –     (7,243) Capital lease payments   (303,431)   –   –   –     (303,431) Employee stock ownership plan shares   (418)   –   –   –     (418) Common stock dividends paid   (39,179)   –   –   –     (39,179) Investment contract deposits   –   –   400,123   –     400,123 Investment contract withdrawals   –   –   (132,833)   –     (132,833) Net cash provided by financing activities   247,292   –   267,290   –     514,582                         Effects of exchange rate on cash   (4,716)   –   –   –     (4,716)                         Increase (decrease) in cash and cash equivalents   (58,118)   (882)   (26,687)   –     (85,687) Cash and cash equivalents at beginning of period   702,036   6,639   50,713   –     759,388 Cash and cash equivalents at end of period $ 643,918 $ 5,757 $ 24,026 $ –   $ 673,701     (page 2 of 2) (a) Balance for the period ended December 31, 2018                       F- 58   amerco and consolidated subsidiaries notes to condensed consolidated financial statements – (continued) Consolidating cash flow statements by industry segment for the year ended March 31, 2018 are as follows:       Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Elimination     AMERCO Consolidated     (In thousands) Cash flows from operating activities:                       Net earnings $ 790,583 $ 22,889 $ 24,101 $ (46,990)   $ 790,583 Earnings from consolidated subsidiaries   (46,990)   –   –   46,990     – Adjustments to reconcile net earnings to cash provided by operations:                       Depreciation   555,069   –   –   –     555,069 Amortization of deferred policy acquisition costs   –   –   24,514   –     24,514 Amortization of premiums and accretion of discounts related to investments, net   –   1,356   11,434   –     12,790 Amortization of debt issuance costs   3,868   –   –   –     3,868 Interest credited to policyholders   –   –   32,302   –     32,302 Change in allowance for losses on trade receivables   (31)   –   (89)   –     (120) Change in allowance for inventories and parts reserve   5,065   –   –   –     5,065 Net gains on disposal of personal property   (11,822)   –   –   –     (11,822) Net gains on disposal of real estate   (195,414)   –   –   –     (195,414) Net gains on sales of investments   –   (1,703)   (4,566)   –     (6,269) Deferred income taxes   (182,358)   (6,596)   (4,480)   –     (193,434) Net change in other operating assets and liabilities:                       Reinsurance recoverables and trade receivables   (23,444)   8,075   40   –     (15,329) Inventories and parts   (12,384)   –   –   –     (12,384) Prepaid expenses   (40,765)   –   –   –     (40,765) Capitalization of deferred policy acquisition costs   –   –   (27,350)   –     (27,350) Other assets   (167,579)   1,810   (199)   –     (165,968) Related party assets   48,855   4,553   –   –     53,408 Accounts payable and accrued expenses   (36,384)   648   (1,244)   –     (36,980) Policy benefits and losses, claims and loss expenses payable   168,687   (10,623)   3,057   –     161,121 Other policyholders' funds and liabilities   –   1,194   (1,303)   –     (109) Deferred income   5,524   –   –   –     5,524 Related party liabilities   (1,884)   318   950   –     (616) Net cash provided by operating activities   858,596   21,921   57,167   –     937,684                         Cash flows from investing activities:                       Escrow deposits   31,362   –   –   –     31,362 Purchases of:                       Property, plant and equipment   (1,363,745)   –   –   –     (1,363,745) Short term investments   –   (63,556)   –   –     (63,556) Fixed maturities investments   –   (51,273)   (339,627)   –     (390,900) Equity securities   –   –   (662)   –     (662) Preferred stock   –   (1,000)   –   –     (1,000) Real estate   (1,365)   (440)   (134)   –     (1,939) Mortgage loans   –   (14,409)   (69,098)   –     (83,507) Proceeds from sales and paydowns of:                       Property, plant and equipment   699,803   –   –   –     699,803 Short term investments   –   61,133   6,657   –     67,790 Fixed maturities investments   –   21,670   141,799   –     163,469 Preferred stock   –   4,208   –   –     4,208 Real estate   2,783   –   –   –     2,783 Mortgage loans   –   15,660   21,930   –     37,590 Net cash used by investing activities   (631,162)   (28,007)   (239,135)   –     (898,304)     (page 1 of 2) (a) Balance for the period ended December 31, 2017                       F- 59   amerco and consolidated subsidiaries notes to condensed consolidated financial statements – (continued) Continuation of consolidating cash flow statements by industry segment for the year ended March 31, 2018 are as follows:     Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Elimination     AMERCO Consolidated     (In thousands) Cash flows from financing activities:                       Borrowings from credit facilities   498,464   –   –   –     498,464 Principal repayments on credit facilities   (356,451)   –   –   –     (356,451) Payment of debt issuance costs   (5,111)   –   –   –     (5,111) Capital lease payments   (296,363)   –   –   –     (296,363) Employee stock ownership plan shares   (11,640)   –   –   –     (11,640) Securitization deposits   (2,180)   –   –   –     (2,180) Common stock dividends paid   (29,380)   –   –   –     (29,380) Investment contract deposits   –   –   401,814   –     401,814 Investment contract withdrawals   –   –   (182,549)   –     (182,549) Net cash provided (used) by financing activities   (202,661)   –   219,265   –     16,604                         Effects of exchange rate on cash   5,598   –   –   –     5,598                         Increase (decrease) in cash and cash equivalents   30,371   (6,086)   37,297   –     61,582 Cash and cash equivalents at beginning of period   671,665   12,725   13,416   –     697,806 Cash and cash equivalents at end of period $ 702,036 $ 6,639 $ 50,713 $ –   $ 759,388     (page 2 of 2) (a) Balance for the period ended December 31, 2017                       F- 60