Consolidating Financial Information by Industry Segment (Table Text Block)	12 Months Ended
Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Table Text Block Supplement [Abstract]
Consolidated Balance Sheet by Industry Segment	Moving & Storage Consolidated Property & Casualty Insurance (a) Life Insurance (a) Eliminations AMERCO Consolidated (In thousands) Assets: Cash and cash equivalents $ 1,010,275 $ 5,658 $ 178,079 $ - $ 1,194,012 Reinsurance recoverables and trade receivables, net 118,741 67,069 38,616 - 224,426 Inventories and parts, net 105,577 - - - 105,577 Prepaid expenses 469,144 - - - 469,144 Investments, fixed maturities and marketable equities - 295,753 2,399,903 - 2,695,656 Investments, other 20,733 90,412 378,614 - 489,759 Deferred policy acquisition costs, net - - 89,749 - 89,749 Other assets 44,763 436 2,531 - 47,730 Right of use assets - financing, net 877,038 - - - 877,038 Right of use assets - operating 92,245 92 168 - 92,505 Related party assets 54,042 6,854 13,850 (39,351) (c) 35,395 2,792,558 466,274 3,101,510 (39,351) 6,320,991 Investment in subsidiaries 741,860 - - (741,860) (b) - Property, plant and equipment, at cost: Land 1,075,813 - - - 1,075,813 Buildings and improvements 5,163,705 - - - 5,163,705 Furniture and equipment 786,505 - - - 786,505 Rental trailers and other rental equipment 477,921 - - - 477,921 Rental trucks 3,909,724 - - - 3,909,724 11,413,668 - - - 11,413,668 Less: Accumulated depreciation (3,083,053) - - - (3,083,053) Total property, plant and equipment 8,330,615 - - - 8,330,615 Total assets $ 11,865,033 $ 466,274 $ 3,101,510 $ (781,211) $ 14,651,606 (a) Balances as of December 31, 2020 (b) Eliminate investment in subsidiaries (c) Eliminate intercompany receivables and payables F- 46 amerco and consolidated subsidiaries notes to condensed consolidated financial statements - (continued) Consolidating balance sheets by industry segment as of March 31, 2021 are as follows: Moving & Storage Consolidated Property & Casualty Insurance (a) Life Insurance (a) Eliminations AMERCO Consolidated (In thousands) Liabilities: Accounts payable and accrued expenses $ 636,257 $ 2,029 $ 7,289 $ - $ 645,575 Notes, loans and finance leases payable, net 4,657,720 - 11,187 - 4,668,907 Operating lease liability 92,236 96 178 - 92,510 Policy benefits and losses, claims and loss expenses payable 427,073 178,942 391,686 - 997,701 Liabilities from investment contracts - - 2,161,530 - 2,161,530 Other policyholders' funds and liabilities - 3,698 8,722 - 12,420 Deferred income 42,592 - - - 42,592 Deferred income taxes, net 1,136,149 13,046 29,294 - 1,178,489 Related party liabilities 25,413 5,821 12,406 (43,640) (c) - Total liabilities 7,017,440 203,632 2,622,292 (43,640) 9,799,724 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) 102,568 22,546 140,817 (159,074) (b) 106,857 Retained earnings 4,958,149 145,675 309,630 (455,095) (b) 4,958,359 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 4,847,593 262,642 479,218 (737,571) 4,851,882 Total liabilities and stockholders' equity $ 11,865,033 $ 466,274 $ 3,101,510 $ (781,211) $ 14,651,606 (a) Balances as of December 31, 2020 (b) Eliminate investment in subsidiaries (c) Eliminate intercompany receivables and payables	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 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
Consolidated Statement of Operations by Industry Segment	Moving & Storage Consolidated Property & Casualty Insurance (a) Life Insurance (a) Eliminations AMERCO Consolidated (In thousands) Revenues: Self-moving equipment rentals $ 3,086,824 $ - $ - $ (3,507) (c) $ 3,083,317 Self-storage revenues 477,262 - - - 477,262 Self-moving & self-storage products & service sales 344,929 - - - 344,929 Property management fees 31,603 - - - 31,603 Life insurance premiums - - 121,609 - 121,609 Property and casualty insurance premiums - 70,285 - (1,506) (c) 68,779 Net investment and interest income 2,259 16,452 107,745 (3,518) (b) 122,938 Other revenue 288,797 - 3,280 (529) (b) 291,548 Total revenues 4,231,674 86,737 232,634 (9,060) 4,541,985 Costs and expenses: Operating expenses 2,137,381 35,450 20,376 (5,523) (b,c) 2,187,684 Commission expenses 329,609 - - - 329,609 Cost of sales 214,059 - - - 214,059 Benefits and losses - 18,558 160,954 - 179,512 Amortization of deferred policy acquisition costs - - 28,293 - 28,293 Lease expense 30,551 231 135 (2,447) (b) 28,470 Depreciation, net gains on disposals 609,930 - - - 609,930 Net losses on disposal of real estate 3,281 - - - 3,281 Total costs and expenses 3,324,811 54,239 209,758 (7,970) 3,580,838 Earnings from operations before equity in earnings of subsidiaries 906,863 32,498 22,876 (1,090) 961,147 Equity in earnings of subsidiaries 44,441 - - (44,441) (d) - Earnings from operations 951,304 32,498 22,876 (45,531) 961,147 Other components of net periodic benefit costs (987) - - - (987) Interest expense (164,592) - - 1,090 (b) (163,502) Pretax earnings 785,725 32,498 22,876 (44,441) 796,658 Income tax expense (174,869) (6,778) (4,155) - (185,802) Earnings available to common shareholders $ 610,856 $ 25,720 $ 18,721 $ (44,441) $ 610,856 (a) Balances for the year ended December 31, 2020 (b) Eliminate intercompany lease / interest income (c) Eliminate intercompany premiums (d) Eliminate equity in earnings of subsidiaries	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	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
Consolidated Cash Flow Statement by Industry Segment	Moving & Storage Consolidated Property & Casualty Insurance (a) Life Insurance (a) Elimination AMERCO Consolidated (In thousands) Cash flows from operating activities: Net earnings $ 610,856 $ 25,720 $ 18,721 $ (44,441) $ 610,856 Earnings from consolidated subsidiaries (44,441) - - 44,441 - Adjustments to reconcile net earnings to cash provided by operations: Depreciation 664,001 - - - 664,001 Amortization of deferred policy acquisition costs - - 28,293 - 28,293 Amortization of premiums and accretion of discounts related to investments, net - 1,578 12,651 - 14,229 Amortization of debt issuance costs 5,948 - - - 5,948 Interest credited to policyholders - - 55,321 - 55,321 Change in allowance for losses on trade receivables 1,424 (217) (1) - 1,206 Change in allowance for inventories and parts reserve 1,298 - - - 1,298 Net gains on disposal of personal property (54,071) - - - (54,071) Net losses on disposal of real estate 3,281 - - - 3,281 Net gains on sales of investments - (158) (9,900) - (10,058) Net gains on equity securities - (394) - - (394) Deferred income taxes 72,407 459 (4,455) - 68,411 Net change in other operating assets and liabilities: Reinsurance recoverables and trade receivables (60,806) 27,302 (6,012) - (39,516) Inventories and parts (5,775) - - - (5,775) Prepaid expenses 94,359 - - - 94,359 Capitalization of deferred policy acquisition costs - - (36,162) - (36,162) Other assets 29,879 537 (551) - 29,865 Related party assets (12,790) 303 - 12,000 (b) (487) Accounts payable and accrued expenses 96,309 (3,497) 113 - 92,925 Policy benefits and losses, claims and loss expenses payable 14,919 (31,398) 14,487 - (1,992) Other policyholders' funds and liabilities - (2,053) 4,283 - 2,230 Deferred income 10,959 - 608 - 11,567 Related party liabilities 1,136 1,187 9,737 (12,000) (b) 60 Net cash provided by operating activities 1,428,893 19,369 87,133 - 1,535,395 Cash flows from investing activities: Escrow deposits (5,221) - - - (5,221) Purchases of: Property, plant and equipment (1,441,475) - - - (1,441,475) Short term investments - (69,929) - - (69,929) Fixed maturities investments - (18,823) (587,410) - (606,233) Equity securities - - (962) - (962) Preferred stock - - (16,144) - (16,144) Real estate - - (622) - (622) Mortgage loans - (18,035) (140,036) - (158,071) Proceeds from sales and paydowns of: Property, plant and equipment 537,484 - - - 537,484 Short term investments - 69,669 49 - 69,718 Fixed maturities investments - 20,854 508,385 - 529,239 Equity securities - - 207 - 207 Preferred stock - 2,700 - - 2,700 Real estate 255 - - - 255 Mortgage loans - 17,659 11,866 - 29,525 Net cash used by investing activities (908,957) 4,095 (224,667) - (1,129,529) (page 1 of 2) (a) Balance for the period ended December 31, 2020 (b) Eliminate intercompany receivables and payables F- 53 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, 2021, 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 912,408 - 9,600 - 922,008 Principal repayments on credit facilities (652,728) - (9,860) - (662,588) Payment of debt issuance costs (5,793) - - - (5,793) Finance lease payments (221,247) - - - (221,247) Common stock dividends paid (49,019) - - - (49,019) Net contribution from (to) related party 41,199 (22,600) (18,599) - - Investment contract deposits - - 517,856 - 517,856 Investment contract withdrawals - - (213,864) - (213,864) Net cash provided (used) by financing activities 24,820 (22,600) 285,133 - 287,353 Effects of exchange rate on cash 6,441 - - - 6,441 Increase in cash and cash equivalents 551,197 864 147,599 - 699,660 Cash and cash equivalents at beginning of period 459,078 4,794 30,480 - 494,352 Cash and cash equivalents at end of period $ 1,010,275 $ 5,658 $ 178,079 $ - $ 1,194,012 (page 2 of 2) (a) Balance for the period ended December 31, 2020	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 (used) 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) 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) Finance lease payments (307,782) - - - (307,782) Employee stock ownership plan shares (206) - - - (206) 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 by financing activities 450,302 (21,600) 83,618 - 512,320 Effects of exchange rate on cash (533) - - - (533) Increase (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	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 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) 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 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 (used) 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

Consolidating Financial Information by Industry Segment (Table Text Block)

12 Months Ended

Mar. 31, 2021

Mar. 31, 2020

Mar. 31, 2019

Table Text Block Supplement [Abstract]

Consolidated Balance Sheet by Industry Segment

Moving & Storage Consolidated Property & Casualty Insurance (a) Life Insurance (a) Eliminations AMERCO Consolidated (In thousands) Assets: Cash and cash equivalents $ 1,010,275 $ 5,658 $ 178,079 $ - $ 1,194,012 Reinsurance recoverables and trade receivables, net 118,741 67,069 38,616 - 224,426 Inventories and parts, net 105,577 - - - 105,577 Prepaid expenses 469,144 - - - 469,144 Investments, fixed maturities and marketable equities - 295,753 2,399,903 - 2,695,656 Investments, other 20,733 90,412 378,614 - 489,759 Deferred policy acquisition costs, net - - 89,749 - 89,749 Other assets 44,763 436 2,531 - 47,730 Right of use assets - financing, net 877,038 - - - 877,038 Right of use assets - operating 92,245 92 168 - 92,505 Related party assets 54,042 6,854 13,850 (39,351) (c) 35,395 2,792,558 466,274 3,101,510 (39,351) 6,320,991 Investment in subsidiaries 741,860 - - (741,860) (b) - Property, plant and equipment, at cost: Land 1,075,813 - - - 1,075,813 Buildings and improvements 5,163,705 - - - 5,163,705 Furniture and equipment 786,505 - - - 786,505 Rental trailers and other rental equipment 477,921 - - - 477,921 Rental trucks 3,909,724 - - - 3,909,724 11,413,668 - - - 11,413,668 Less: Accumulated depreciation (3,083,053) - - - (3,083,053) Total property, plant and equipment 8,330,615 - - - 8,330,615 Total assets $ 11,865,033 $ 466,274 $ 3,101,510 $ (781,211) $ 14,651,606 (a) Balances as of December 31, 2020 (b) Eliminate investment in subsidiaries (c) Eliminate intercompany receivables and payables F- 46 amerco and consolidated subsidiaries notes to condensed consolidated financial statements - (continued) Consolidating balance sheets by industry segment as of March 31, 2021 are as follows: Moving & Storage Consolidated Property & Casualty Insurance (a) Life Insurance (a) Eliminations AMERCO Consolidated (In thousands) Liabilities: Accounts payable and accrued expenses $ 636,257 $ 2,029 $ 7,289 $ - $ 645,575 Notes, loans and finance leases payable, net 4,657,720 - 11,187 - 4,668,907 Operating lease liability 92,236 96 178 - 92,510 Policy benefits and losses, claims and loss expenses payable 427,073 178,942 391,686 - 997,701 Liabilities from investment contracts - - 2,161,530 - 2,161,530 Other policyholders' funds and liabilities - 3,698 8,722 - 12,420 Deferred income 42,592 - - - 42,592 Deferred income taxes, net 1,136,149 13,046 29,294 - 1,178,489 Related party liabilities 25,413 5,821 12,406 (43,640) (c) - Total liabilities 7,017,440 203,632 2,622,292 (43,640) 9,799,724 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) 102,568 22,546 140,817 (159,074) (b) 106,857 Retained earnings 4,958,149 145,675 309,630 (455,095) (b) 4,958,359 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 4,847,593 262,642 479,218 (737,571) 4,851,882 Total liabilities and stockholders' equity $ 11,865,033 $ 466,274 $ 3,101,510 $ (781,211) $ 14,651,606 (a) Balances as of December 31, 2020 (b) Eliminate investment in subsidiaries (c) Eliminate intercompany receivables and payables

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 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

Consolidated Statement of Operations by Industry Segment

Moving & Storage Consolidated Property & Casualty Insurance (a) Life Insurance (a) Eliminations AMERCO Consolidated (In thousands) Revenues: Self-moving equipment rentals $ 3,086,824 $ - $ - $ (3,507) (c) $ 3,083,317 Self-storage revenues 477,262 - - - 477,262 Self-moving & self-storage products & service sales 344,929 - - - 344,929 Property management fees 31,603 - - - 31,603 Life insurance premiums - - 121,609 - 121,609 Property and casualty insurance premiums - 70,285 - (1,506) (c) 68,779 Net investment and interest income 2,259 16,452 107,745 (3,518) (b) 122,938 Other revenue 288,797 - 3,280 (529) (b) 291,548 Total revenues 4,231,674 86,737 232,634 (9,060) 4,541,985 Costs and expenses: Operating expenses 2,137,381 35,450 20,376 (5,523) (b,c) 2,187,684 Commission expenses 329,609 - - - 329,609 Cost of sales 214,059 - - - 214,059 Benefits and losses - 18,558 160,954 - 179,512 Amortization of deferred policy acquisition costs - - 28,293 - 28,293 Lease expense 30,551 231 135 (2,447) (b) 28,470 Depreciation, net gains on disposals 609,930 - - - 609,930 Net losses on disposal of real estate 3,281 - - - 3,281 Total costs and expenses 3,324,811 54,239 209,758 (7,970) 3,580,838 Earnings from operations before equity in earnings of subsidiaries 906,863 32,498 22,876 (1,090) 961,147 Equity in earnings of subsidiaries 44,441 - - (44,441) (d) - Earnings from operations 951,304 32,498 22,876 (45,531) 961,147 Other components of net periodic benefit costs (987) - - - (987) Interest expense (164,592) - - 1,090 (b) (163,502) Pretax earnings 785,725 32,498 22,876 (44,441) 796,658 Income tax expense (174,869) (6,778) (4,155) - (185,802) Earnings available to common shareholders $ 610,856 $ 25,720 $ 18,721 $ (44,441) $ 610,856 (a) Balances for the year ended December 31, 2020 (b) Eliminate intercompany lease / interest income (c) Eliminate intercompany premiums (d) Eliminate equity in earnings of subsidiaries

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

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

Consolidated Cash Flow Statement by Industry Segment

Moving & Storage Consolidated Property & Casualty Insurance (a) Life Insurance (a) Elimination AMERCO Consolidated (In thousands) Cash flows from operating activities: Net earnings $ 610,856 $ 25,720 $ 18,721 $ (44,441) $ 610,856 Earnings from consolidated subsidiaries (44,441) - - 44,441 - Adjustments to reconcile net earnings to cash provided by operations: Depreciation 664,001 - - - 664,001 Amortization of deferred policy acquisition costs - - 28,293 - 28,293 Amortization of premiums and accretion of discounts related to investments, net - 1,578 12,651 - 14,229 Amortization of debt issuance costs 5,948 - - - 5,948 Interest credited to policyholders - - 55,321 - 55,321 Change in allowance for losses on trade receivables 1,424 (217) (1) - 1,206 Change in allowance for inventories and parts reserve 1,298 - - - 1,298 Net gains on disposal of personal property (54,071) - - - (54,071) Net losses on disposal of real estate 3,281 - - - 3,281 Net gains on sales of investments - (158) (9,900) - (10,058) Net gains on equity securities - (394) - - (394) Deferred income taxes 72,407 459 (4,455) - 68,411 Net change in other operating assets and liabilities: Reinsurance recoverables and trade receivables (60,806) 27,302 (6,012) - (39,516) Inventories and parts (5,775) - - - (5,775) Prepaid expenses 94,359 - - - 94,359 Capitalization of deferred policy acquisition costs - - (36,162) - (36,162) Other assets 29,879 537 (551) - 29,865 Related party assets (12,790) 303 - 12,000 (b) (487) Accounts payable and accrued expenses 96,309 (3,497) 113 - 92,925 Policy benefits and losses, claims and loss expenses payable 14,919 (31,398) 14,487 - (1,992) Other policyholders' funds and liabilities - (2,053) 4,283 - 2,230 Deferred income 10,959 - 608 - 11,567 Related party liabilities 1,136 1,187 9,737 (12,000) (b) 60 Net cash provided by operating activities 1,428,893 19,369 87,133 - 1,535,395 Cash flows from investing activities: Escrow deposits (5,221) - - - (5,221) Purchases of: Property, plant and equipment (1,441,475) - - - (1,441,475) Short term investments - (69,929) - - (69,929) Fixed maturities investments - (18,823) (587,410) - (606,233) Equity securities - - (962) - (962) Preferred stock - - (16,144) - (16,144) Real estate - - (622) - (622) Mortgage loans - (18,035) (140,036) - (158,071) Proceeds from sales and paydowns of: Property, plant and equipment 537,484 - - - 537,484 Short term investments - 69,669 49 - 69,718 Fixed maturities investments - 20,854 508,385 - 529,239 Equity securities - - 207 - 207 Preferred stock - 2,700 - - 2,700 Real estate 255 - - - 255 Mortgage loans - 17,659 11,866 - 29,525 Net cash used by investing activities (908,957) 4,095 (224,667) - (1,129,529) (page 1 of 2) (a) Balance for the period ended December 31, 2020 (b) Eliminate intercompany receivables and payables F- 53 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, 2021, 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 912,408 - 9,600 - 922,008 Principal repayments on credit facilities (652,728) - (9,860) - (662,588) Payment of debt issuance costs (5,793) - - - (5,793) Finance lease payments (221,247) - - - (221,247) Common stock dividends paid (49,019) - - - (49,019) Net contribution from (to) related party 41,199 (22,600) (18,599) - - Investment contract deposits - - 517,856 - 517,856 Investment contract withdrawals - - (213,864) - (213,864) Net cash provided (used) by financing activities 24,820 (22,600) 285,133 - 287,353 Effects of exchange rate on cash 6,441 - - - 6,441 Increase in cash and cash equivalents 551,197 864 147,599 - 699,660 Cash and cash equivalents at beginning of period 459,078 4,794 30,480 - 494,352 Cash and cash equivalents at end of period $ 1,010,275 $ 5,658 $ 178,079 $ - $ 1,194,012 (page 2 of 2) (a) Balance for the period ended December 31, 2020

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 (used) 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) 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) Finance lease payments (307,782) - - - (307,782) Employee stock ownership plan shares (206) - - - (206) 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 by financing activities 450,302 (21,600) 83,618 - 512,320 Effects of exchange rate on cash (533) - - - (533) Increase (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

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 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) 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 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 (used) 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