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Consolidating Financial Information By Industry Segment (Table Text Block)
3 Months Ended 6 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Mar. 31, 2021
Table Text Block Supplement [Abstract]          
Consolidated Balance Sheet by Industry Segment         Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated     (Unaudited)     (In thousands) Assets:   Cash and cash equivalents $ 2,393,762 $ 7,293 $ 29,178 $ –   $ 2,430,233 Reinsurance recoverables and trade receivables, net   112,319   67,217   48,399   –     227,935 Inventories and parts, net   142,955   –   –   –     142,955 Prepaid expenses   202,339   –   –   –     202,339 Investments, fixed maturities and marketable equities   –   292,986   2,552,161   –     2,845,147 Investments, other   20,745   105,474   445,723   –     571,942 Deferred policy acquisition costs, net   –   –   97,138   –     97,138 Other assets   48,190   755   2,681   –     51,626 Right of use assets - financing, net   752,990   –   –   –     752,990 Right of use assets - operating, net   84,949   155   133   –     85,237 Related party assets   55,175   8,294   14,325   (39,021) (c)   38,773     3,813,424   482,174   3,189,738   (39,021)     7,446,315                         Investment in subsidiaries   738,116   –   –   (738,116) (b)   –                         Property, plant and equipment, at cost:                       Land   1,172,648   –   –   –     1,172,648 Buildings and improvements   5,477,544   –   –   –     5,477,544 Furniture and equipment   811,337   –   –   –     811,337 Rental trailers and other rental equipment   536,814   –   –   –     536,814 Rental trucks   4,278,732   –   –   –     4,278,732     12,277,075   –   –   –     12,277,075 Less:   Accumulated depreciation   (3,386,162)   –   –   –     (3,386,162) Total property, plant and equipment, net   8,890,913   –   –   –     8,890,913 Total assets $ 13,442,453 $ 482,174 $ 3,189,738 $ (777,137)   $ 16,337,228                         (a) Balances as of June 30, 2021                       (b) Eliminate investment in subsidiaries                       (c) Eliminate intercompany receivables and payables                           Consolidating balance sheets by industry segment as of September 30, 2021, continued:     Moving & Storage   Property & Casualty Insurance (a)   Life   Eliminations     AMERCO     (Unaudited)     (In thousands) Liabilities:                       Accounts payable and accrued expenses $ 685,563 $ 3,575 $ 5,146 $ –   $ 694,284 Notes, loans and finance leases payable, net   5,324,373   –   10,905   –     5,335,278 Operating lease liability   84,905   152   142   –     85,199 Policy benefits and losses, claims and loss expenses payable   442,160   179,116   395,229   –     1,016,505 Liabilities from investment contracts   –   –   2,276,829   –     2,276,829 Other policyholders' funds and liabilities   –   3,476   7,467   –     10,943 Deferred income   51,212   –   –   –     51,212 Deferred income taxes, net   1,277,383   13,152   21,746   –     1,312,281 Related party liabilities   25,956   3,600   13,261   (42,817) (c)   – Total liabilities   7,891,552   203,071   2,730,725   (42,817)     10,782,531                         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)   70,411   19,692   112,519   (128,415) (b)   74,207 Retained earnings   5,693,614   164,990   317,723   (482,503) (b)   5,693,824 Cost of common stock in treasury, net   (525,653)   –   –   –     (525,653) Cost of preferred stock in treasury, net   (151,997)   –   –   –     (151,997) Total stockholders' equity   5,550,901   279,103   459,013   (734,320)     5,554,697 Total liabilities and stockholders' equity $ 13,442,453 $ 482,174 $ 3,189,738 $ (777,137)   $ 16,337,228                         (a) Balances as of June 30, 2021                       (b) Eliminate investment in subsidiaries                       (c) Eliminate intercompany receivables and payables                  Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Eliminations     AMERCO Consolidated       Assets:   (In thousands) 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, net   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, net   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                           Consolidating balance sheets by industry segment as of March 31, 2021, continued:     Moving & Storage   Property & Casualty Insurance (a)   Life   Eliminations     AMERCO                             (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 stock in treasury, net   (525,653)   –   –   –     (525,653) Cost of preferred stock in treasury, net   (151,997)   –   –   –     (151,997) 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           
Consolidated Statement of Operations by Industry Segment     Moving & Storage   Property & Casualty Insurance (a)   Life   Eliminations     AMERCO     (Unaudited)     (In thousands) Revenues:                       Self-moving equipment rentals $ 1,180,329 $ – $ – $ (1,268) (c) $ 1,179,061 Self-storage revenues   153,485   –   –   –     153,485 Self-moving and self-storage products and service sales   92,191   –   –   –     92,191 Property management fees   8,747   –   –   –     8,747 Life insurance premiums   –   –   28,913   –     28,913 Property and casualty insurance premiums   –   23,357   –   (858) (c)   22,499 Net investment and interest income   675   6,182   30,942   (1,019) (b)   36,780 Other revenue   141,572   –   1,130   (124) (b)   142,578 Total revenues   1,576,999   29,539   60,985   (3,269)     1,664,254                         Costs and expenses:                       Operating expenses   682,329   10,768   5,223   (2,246) (b,c)   696,074 Commission expenses   127,896   –   –   –     127,896 Cost of sales   66,491   –   –   –     66,491 Benefits and losses   –   3,560   41,070   –     44,630 Amortization of deferred policy acquisition costs   –   –   6,750   –     6,750 Lease expense   8,024   22   29   (634) (b)   7,441 Depreciation, net of gains on disposal   135,748   –   –   –     135,748 Net losses on disposal of real estate   523   –   –   –     523 Total costs and expenses   1,021,011   14,350   53,072   (2,880)     1,085,553                         Earnings from operations before equity in earnings of subsidiaries   555,988   15,189   7,913   (389)     578,701                         Equity in earnings of subsidiaries   18,289   –   –   (18,289) (d)   –                         Earnings from operations   574,277   15,189   7,913   (18,678)     578,701 Other components of net periodic benefit costs   (280)   –   –   –     (280) Interest expense   (39,814)   –   (120)   389 (b)   (39,545) Pretax earnings   534,183   15,189   7,793   (18,289)     538,876 Income tax expense   (124,285)   (3,176)   (1,517)   –     (128,978) Earnings available to common stockholders $ 409,898 $ 12,013 $ 6,276 $ (18,289)   $ 409,898                         (a) Balances for the quarter ended June 30, 2021                       (b) Eliminate intercompany lease / interest income                       (c) Eliminate intercompany premiums                       (d) Eliminate equity in earnings of subsidiaries                 Moving & Storage   Property & Casualty Insurance (a)   Life   Eliminations     AMERCO     (Unaudited)     (In thousands) Revenues:                       Self-moving equipment rentals $ 931,814 $ – $ – $ (784) (c) $ 931,030 Self-storage revenues   115,273   –   –   –     115,273 Self-moving and self-storage products and service sales   98,628   –   –   –     98,628 Property management fees   7,840   –   –   –     7,840 Life insurance premiums   –   –   31,057   –     31,057 Property and casualty insurance premiums   –   16,721   –   (852) (c)   15,869 Net investment and interest income   595   5,952   27,651   (865) (b)   33,333 Other revenue   91,168   –   852   (142) (b)   91,878 Total revenues   1,245,318   22,673   59,560   (2,643)     1,324,908                         Costs and expenses:                       Operating expenses   562,798   8,166   4,893   (1,774) (b,c)   574,083 Commission expenses   99,365   –   –   –     99,365 Cost of sales   60,933   –   –   –     60,933 Benefits and losses   –   2,438   43,014   –     45,452 Amortization of deferred policy acquisition costs   –   –   5,552   –     5,552 Lease expense   7,403   –   61   (594) (b)   6,870 Depreciation, net of gains on disposal   137,438   –   –   –     137,438 Net losses on disposal of real estate   3,425   –   –   –     3,425 Total costs and expenses   871,362   10,604   53,520   (2,368)     933,118                         Earnings from operations before equity in earnings of subsidiaries   373,956   12,069   6,040   (275)     391,790                         Equity in earnings of subsidiaries   14,338   –   –   (14,338) (d)   –                         Earnings from operations   388,294   12,069   6,040   (14,613)     391,790 Other components of net periodic benefit costs   (246)   –   –   –     (246) Interest expense   (40,800)   –   –   275 (b)   (40,525) Pretax earnings   347,248   12,069   6,040   (14,338)     351,019 Income tax expense   (80,883)   (2,554)   (1,217)   –     (84,654) Earnings available to common stockholders $ 266,365 $ 9,515 $ 4,823 $ (14,338)   $ 266,365                         (a) Balances for the quarter ended June 30, 2020                       (b) Eliminate intercompany lease / interest income                       (c) Eliminate intercompany premiums                       (d) Eliminate equity in earnings of subsidiaries                Moving & Storage   Property & Casualty Insurance (a)   Life   Eliminations     AMERCO     (Unaudited)     (In thousands) Revenues:                       Self-moving equipment rentals $ 2,216,542 $ – $ – $ (2,104) (c) $ 2,214,438 Self-storage revenues   290,878   –   –   –     290,878 Self-moving and self-storage products and service sales   197,076   –   –   –     197,076 Property management fees   17,196   –   –   –     17,196 Life insurance premiums   –   –   57,618   –     57,618 Property and casualty insurance premiums   –   40,800   –   (1,432) (c)   39,368 Net investment and interest income   1,355   12,195   60,266   (2,037) (b)   71,779 Other revenue   247,206   –   1,760   (209) (b)   248,757 Total revenues   2,970,253   52,995   119,644   (5,782)     3,137,110                         Costs and expenses:                       Operating expenses   1,284,160   19,581   10,598   (3,736) (b,c)   1,310,603 Commission expenses   241,045   –   –   –     241,045 Cost of sales   136,406   –   –   –     136,406 Benefits and losses   –   8,787   83,141   –     91,928 Amortization of deferred policy acquisition costs   –   –   15,573   –     15,573 Lease expense   16,101   206   53   (1,272) (b)   15,088 Depreciation, net of gains on disposal   257,465   –   –   –     257,465 Net gains on disposal of real estate   (3,907)   –   –   –     (3,907) Total costs and expenses   1,931,270   28,574   109,365   (5,008)     2,064,201                         Earnings from operations before equity in earnings of subsidiaries   1,038,983   24,421   10,279   (774)     1,072,909                         Equity in earnings of subsidiaries   27,408   –   –   (27,408) (d)   –                         Earnings from operations   1,066,391   24,421   10,279   (28,182)     1,072,909 Other components of net periodic benefit costs   (560)   –   –   –     (560) Interest expense   (79,257)   –   (240)   774 (b)   (78,723) Pretax earnings   986,574   24,421   10,039   (27,408)     993,626 Income tax expense   (231,501)   (5,106)   (1,946)   –     (238,553) Earnings available to common stockholders $ 755,073 $ 19,315 $ 8,093 $ (27,408)   $ 755,073                         (a) Balances for the six months ended June 30, 2021                       (b) Eliminate intercompany lease / interest income                       (c) Eliminate intercompany premiums                       (d) Eliminate equity in earnings of subsidiaries                 Moving & Storage   Property & Casualty Insurance (a)   Life   Eliminations     AMERCO     (Unaudited)     (In thousands) Revenues:                       Self-moving equipment rentals $ 1,586,727 $ – $ – $ (1,412) (c) $ 1,585,315 Self-storage revenues   224,228   –   –   –     224,228 Self-moving and self-storage products and service sales   189,978   –   –   –     189,978 Property management fees   15,187   –   –   –     15,187 Life insurance premiums   –   –   61,965   –     61,965 Property and casualty insurance premiums   –   31,228   –   (1,625) (c)   29,603 Net investment and interest income   1,257   5,079   45,657   (1,678) (b)   50,315 Other revenue   154,241   –   1,591   (278) (b)   155,554 Total revenues   2,171,618   36,307   109,213   (4,993)     2,312,145                         Costs and expenses:                       Operating expenses   1,042,879   16,991   10,181   (3,306) (b,c)   1,066,745 Commission expenses   168,540   –   –   –     168,540 Cost of sales   113,764   –   –   –     113,764 Benefits and losses   –   6,468   78,561   –     85,029 Amortization of deferred policy acquisition costs   –   –   12,440   –     12,440 Lease expense   14,540   1   71   (1,139) (b)   13,473 Depreciation, net of gains on disposal   303,109   –   –   –     303,109 Net losses on disposal of real estate   3,169   –   –   –     3,169 Total costs and expenses   1,646,001   23,460   101,253   (4,445)     1,766,269                         Earnings from operations before equity in earnings of subsidiaries   525,617   12,847   7,960   (548)     545,876                         Equity in earnings of subsidiaries   16,733   –   –   (16,733) (d)   –                         Earnings from operations   542,350   12,847   7,960   (17,281)     545,876 Other components of net periodic benefit costs   (493)   –   –   –     (493) Interest expense   (80,594)   –   –   548 (b)   (80,046) Pretax earnings   461,263   12,847   7,960   (16,733)     465,337 Income tax expense   (107,172)   (2,716)   (1,358)   –     (111,246) Earnings available to common stockholders $ 354,091 $ 10,131 $ 6,602 $ (16,733)   $ 354,091                         (a) Balances for the six months ended June 30, 2020                       (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     (Unaudited) Cash flows from operating activities:   (In thousands) Net earnings $   755,073 $   19,315 $   8,093 $   (27,408)   $   755,073 Earnings from consolidated entities   (27,408)   –   –   27,408     – Adjustments to reconcile net earnings to the cash provided by operations:                       Depreciation   343,863   –   –   –     343,863 Amortization of deferred policy acquisition costs   –   –   15,573   –     15,573 Amortization of premiums and accretion of discounts related to investments, net   –   754   8,397   –     9,151 Amortization of debt issuance costs   2,791   –   –   –     2,791 Interest credited to policyholders   –   –   31,894   –     31,894 Change in allowance for losses on trade receivables   253   (30)   (1)   –     222 Change in allowance for inventories and parts reserve   8,352   –   –   –     8,352 Net gains on disposal of personal property   (86,398)   –   –   –     (86,398) Net gains on disposal of real estate   (3,907)   –   –   –     (3,907) Net gains on sales of investments   –   (207)   (3,225)   –     (3,432) Net gains on equity investments   –   (4,342)   –   –     (4,342) Deferred income taxes   140,780   865   (2,729)   –     138,916 Net change in other operating assets and liabilities:                       Reinsurance recoverables and trade receivables   6,159   (148)   (9,782)   –     (3,771) Inventories and parts   (45,718)   –   –   –     (45,718) Prepaid expenses   266,780   –   –   –     266,780 Capitalization of deferred policy acquisition costs   –   –   (17,807)   –     (17,807) Other assets   (1,033)   (179)   (115)   –     (1,327) Related party assets   (1,161)   (1,563)   –   –     (2,724) Accounts payable and accrued expenses   89,479   1,547   522   –     91,548 Policy benefits and losses, claims and loss expenses payable   15,250   174   3,544   –     18,968 Other policyholders' funds and liabilities   –   (222)   (1,255)   –     (1,477) Deferred income   8,626   –   (1,034)   –     7,592 Related party liabilities   543   (2,098)   855   –     (700) Net cash provided by operating activities   1,472,324   13,866   32,930   –     1,519,120                         Cash flows from investing activities:                       Escrow deposits   (2,341)   –   –   –     (2,341) Purchases of:                       Property, plant and equipment   (1,039,688)   –   –   –     (1,039,688) Short term investments   –   (21,669)   –   –     (21,669) Fixed maturities investments   –   (7,749)   (407,891)   –     (415,640) Equity securities   –   –   (36)   –     (36) Preferred stock   –   –   (8,000)   –     (8,000) Real estate   (12)   –   (112)   –     (124) Mortgage loans   (12)   (10,700)   (96,251)   –     (106,963) Proceeds from sales and paydowns of:                       Property, plant and equipment   306,946   –   –   –     306,946 Short term investments   –   16,594   79   –     16,673 Fixed maturities investments   –   10,728   219,315   –     230,043 Equity securities   –   –   1,894   –     1,894 Mortgage loans   –   565   26,047   –     26,612 Net cash used by investing activities   (735,107)   (12,231)   (264,955)   –     (1,012,293)     (page 1 of 2) (a) Balance for the period ended June 30, 2021                         Consolidating cash flow statements by industry segment for the six months ended September 30, 2021 are as follows:     Moving & Storage   Property & Casualty   Life   Elimination     AMERCO     (Unaudited) Cash flows from financing activities:   (In thousands) Borrowings from credit facilities   987,048   –   –   –     987,048 Principal repayments on credit facilities   (226,791)   –   (281)   –     (227,072) Payments of debt issuance costs   (2,092)   –   –   –     (2,092) Finance lease payments   (87,500)   –   –   –     (87,500) Common stock dividend paid   (19,608)   –   –   –     (19,608) Investment contract deposits   –   –   199,426   –     199,426 Investment contract withdrawals   –   –   (116,021)   –     (116,021) Net cash provided by financing activities   651,057   –   83,124   –     734,181                         Effects of exchange rate on cash   (4,787)   –   –   –     (4,787)                         Increase (decrease) in cash and cash equivalents   1,383,487   1,635   (148,901)   –     1,236,221 Cash and cash equivalents at beginning of period   1,010,275   5,658   178,079   –     1,194,012 Cash and cash equivalents at end of period $   2,393,762 $   7,293 $   29,178 $   –   $   2,430,233     (page 2 of 2) (a) Balance for the period ended June 30, 2021                Moving & Storage Consolidated   Property & Casualty Insurance (a)   Life Insurance (a)   Elimination     AMERCO Consolidated     (Unaudited) Cash flows from operating activities:   (In thousands) Net earnings $   354,091 $   10,131 $   6,602 $   (16,733)   $   354,091 Earnings from consolidated entities   (16,733)   –   –   16,733     – Adjustments to reconcile net earnings to cash provided by operations:                       Depreciation   332,240   –   –   –     332,240 Amortization of deferred policy acquisition costs   –   –   12,440   –     12,440 Amortization of premiums and accretion of discounts related to investments, net   –   786   6,140   –     6,926 Amortization of debt issuance costs   2,755   –   –   –     2,755 Interest credited to policyholders   –   –   24,241   –     24,241 Change in allowance for losses on trade receivables   (139)   –   (1)   –     (140) Change in allowance for inventories and parts reserve   106   –   –   –     106 Net gains on disposal of personal property   (29,131)   –   –   –     (29,131) Net losses on disposal of real estate   3,169   –   –   –     3,169 Net gains on sales of investments   –   (28)   (1,260)   –     (1,288) Net losses on equity investments   –   2,254   –   –     2,254 Deferred income taxes   79,947   804   (553)   –     80,198 Net change in other operating assets and liabilities:                       Reinsurance recoverables and trade receivables   (19,696)   1,848   (10,440)   –     (28,288) Inventories and parts   386   –   –   –     386 Prepaid expenses   116,064   –   –   –     116,064 Capitalization of deferred policy acquisition costs   –   –   (13,404)   –     (13,404) Other assets   (181)   10   (382)   –     (553) Related party assets   1,918   867   –   –     2,785 Accounts payable and accrued expenses   114,195   (2,618)   912   –     112,489 Policy benefits and losses, claims and loss expenses payable   14,300   (5,748)   8,023   –     16,575 Other policyholders' funds and liabilities   –   (5,093)   329   –     (4,764) Deferred income   10,245   –   2,992   –     13,237 Related party liabilities   1,652   (135)   (1,563)   –     (46) Net cash provided by operating activities   965,188   3,078   34,076   –     1,002,342                         Cash flows from investing activities:                       Escrow deposits   1,266   –   –   –     1,266 Purchases of:                       Property, plant and equipment   (662,259)   –   –   –     (662,259) Short term investments   –   (19,204)   (18)   –     (19,222) Fixed maturities investments   –   (3,505)   (157,250)   –     (160,755) Equity securities   –   –   (719)   –     (719) Preferred stock   –   –   (13,111)   –     (13,111) Real estate   –   –   (223)   –     (223) Mortgage loans   –   (14,145)   (58,171)   –     (72,316) Proceeds from sales and paydowns of:                       Property, plant and equipment   314,335   –   –   –     314,335 Short term investments   –   23,180   –   –     23,180 Fixed maturities investments   –   8,730   217,926   –     226,656 Equity securities   –   –   72   –     72 Mortgage loans   –   555   2,664   –     3,219 Net cash used by investing activities   (346,658)   (4,389)   (8,830)   –     (359,877)     (page 1 of 2) (a) Balance for the period ended June 30, 2020                           Consolidating cash flow statements by industry segment for the six months ended September 30, 2020 are as follows:       Moving & Storage   Property &   Life   Elimination     AMERCO     (Unaudited) Cash flows from financing activities:   (In thousands) Borrowings from credit facilities   576,123   –   9,600   –     585,723 Principal repayments on credit facilities   (377,062)   –   (9,717)   –     (386,779) Payment of debt issuance costs   (3,477)   –   –   –     (3,477) Finance lease payments   (122,720)   –   –   –     (122,720) Common stock dividend paid   (9,804)   –   –   –     (9,804) Net contribution from (to) related party   18,599   –   (18,599)   –     – Investment contract deposits   –   –   114,288   –     114,288 Investment contract withdrawals   –   –   (102,466)   –     (102,466) Net cash provided (used) by financing activities   81,659   –   (6,894)   –     74,765                         Effects of exchange rate on cash   3,986   –   –   –     3,986                         Increase (decrease) in cash and cash equivalents   704,175   (1,311)   18,352   –     721,216 Cash and cash equivalents at beginning of period   459,078   4,794   30,480   –     494,352 Cash and cash equivalents at end of period $   1,163,253 $   3,483 $   48,832 $   –   $   1,215,568     (page 2 of 2) (a) Balance for the period ended June 30, 2020