Consolidating Financial Information By Industry Segment (Table Text Block)

3 Months Ended

6 Months Ended

12 Months Ended

Sep. 30, 2023

Sep. 30, 2022

Sep. 30, 2023

Sep. 30, 2022

Mar. 31, 2023

Table Text Block Supplement [Abstract]

Consolidated Balance Sheet by Industry Segment

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			U-Haul Holding Company Consolidated
		(Unaudited)
		(In thousands)
Assets:
Cash and cash equivalents	$	2,068,790	$	44,272	$	32,069	$	–		$	2,145,131
Reinsurance recoverables and trade receivables, net		130,372		50,525		31,668		–			212,565
Inventories and parts		161,535		–		–		–			161,535
Prepaid expenses		263,541		–		–		–			263,541
Investments, fixed maturities and marketable equities		97,372		268,769		2,168,023		–			2,534,164
Investments, other		23,330		115,583		511,238		–			650,151
Deferred policy acquisition costs, net		–		–		121,365		–			121,365
Other assets		46,667		800		5,302		–			52,769
Right of use assets - financing, net		377,733		–		–		–			377,733
Right of use assets - operating, net		64,378		785		153		–			65,316
Related party assets		62,931		1,223		11,808		(35,822)	(c)		40,140
		3,296,649		481,957		2,881,626		(35,822)			6,624,410
Investment in subsidiaries		462,493		–		–		(462,493)	(b)		–
Property, plant and equipment, at cost:
Land		1,613,871		–		–		–			1,613,871
Buildings and improvements		7,649,849		–		–		–			7,649,849
Furniture and equipment		966,211		–		–		–			966,211
Rental trailers and other rental equipment		912,046		–		–		–			912,046
Rental trucks		5,921,507		–		–		–			5,921,507
		17,063,484		–		–		–			17,063,484
Less:  Accumulated depreciation		(4,666,444)		–		–		–			(4,666,444)
Total property, plant and equipment, net		12,397,040		–		–		–			12,397,040
Total assets	$	16,156,182	$	481,957	$	2,881,626	$	(498,315)		$	19,021,450
(a) Balances as of June 30, 2023
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables

Consolidating balance sheets by operating segment as of September 30, 2023, continued:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			U-Haul Holding Company Consolidated
		(Unaudited)
		(In thousands)
Liabilities:
Accounts payable and accrued expenses	$	745,606	$	4,472	$	7,910	$	–		$	757,988
Notes, loans and finance leases payable, net		6,400,899		–		–		–			6,400,899
Operating lease liabilities		63,627		800		153		–			64,580
Policy benefits and losses, claims and loss expenses payable		324,642		150,148		390,607		–			865,397
Liabilities from investment contracts		–		–		2,393,590		–			2,393,590
Other policyholders' funds and liabilities		–		2,126		5,551		–			7,677
Deferred income		56,821		–		–		–			56,821
Deferred income taxes, net		1,514,732		3,973		(74,585)		–			1,444,120
Related party liabilities		25,754		2,969		13,376		(42,099)	(c)		–
Total liabilities		9,132,081		164,488		2,736,602		(42,099)			11,991,072
Stockholders' equity:
Series preferred stock:
Series A preferred stock		–		–		–		–			–
Series B preferred stock		–		–		–		–			–
Series A common stock		–		–		–		–			–
Voting Common stock		10,497		3,301		2,500		(5,801)	(b)		10,497
Non-Voting Common stock		176		–		–		–			176
Additional paid-in capital		453,853		91,120		26,271		(117,601)	(b)		453,643
Accumulated other comprehensive income (loss)		(281,941)		(13,532)		(218,470)		238,279	(b)		(275,664)
Retained earnings		7,519,166		236,580		334,723		(571,093)	(b)		7,519,376
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		7,024,101		317,469		145,024		(456,216)			7,030,378
Total liabilities and stockholders' equity	$	16,156,182	$	481,957	$	2,881,626	$	(498,315)		$	19,021,450
(a) Balances as of June 30, 2023
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			U-Haul Holding Company Consolidated
Assets:		(In thousands)
Cash and cash equivalents	$	2,034,242	$	11,276	$	15,006	$	–		$	2,060,524
Reinsurance recoverables and trade receivables, net		107,823		48,344		33,331		–			189,498
Inventories and parts		151,474		–		–		–			151,474
Prepaid expenses		241,711		–		–		–			241,711
Investments, fixed maturities and marketable equities		227,737		271,156		2,271,501		–			2,770,394
Investments, other		23,314		125,130		427,096		–			575,540
Deferred policy acquisition costs, net		–		–		128,463		–			128,463
Other assets		46,438		730		3,884		–			51,052
Right of use assets - financing, net		474,765		–		–		–			474,765
Right of use assets - operating, net		57,978		914		25		–			58,917
Related party assets		69,144		2,347		12,268		(35,451)	(c)		48,308
		3,434,626		459,897		2,891,574		(35,451)			6,750,646
Investment in subsidiaries		426,779		–		–		(426,779)	(b)		–
Property, plant and equipment, at cost:
Land		1,537,206		–		–		–			1,537,206
Buildings and improvements		7,088,810		–		–		–			7,088,810
Furniture and equipment		928,241		–		–		–			928,241
Rental trailers and other rental equipment		827,696		–		–		–			827,696
Rental trucks		5,278,340		–		–		–			5,278,340
		15,660,293		–		–		–			15,660,293
Less:  Accumulated depreciation		(4,310,205)		–		–		–			(4,310,205)
Total property, plant and equipment, net		11,350,088		–		–		–			11,350,088
Total assets	$	15,211,493	$	459,897	$	2,891,574	$	(462,230)		$	18,100,734
(a) Balances as of December 31, 2022
(b) Eliminate investment in subsidiaries
(c) Eliminate intercompany receivables and payables

Consolidating balance sheets by operating segment as of March 31, 2023, continued:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Eliminations			U-Haul Holding Company Consolidated
		(In thousands)
Liabilities:
Accounts payable and accrued expenses	$	729,679	$	4,470	$	26,890	$	–		$	761,039
Notes, loans and finance leases payable, net		6,108,042		–		–		–			6,108,042
Operating lease liabilities		57,418		928		27		–			58,373
Policy benefits and losses, claims and loss expenses payable		335,227		153,007		391,968		–			880,202
Liabilities from investment contracts		–		–		2,398,884		–			2,398,884
Other policyholders' funds and liabilities		–		2,702		5,530		–			8,232
Deferred income		52,282		–		–		–			52,282
Deferred income taxes, net		1,405,391		1,713		(77,615)		–			1,329,489
Related party liabilities		25,082		2,544		13,644		(41,270)	(c)		–
Total liabilities		8,713,121		165,364		2,759,328		(41,270)			11,596,543
Stockholders' equity:
Series preferred stock:
Series A preferred stock		–		–		–		–			–
Series B preferred stock		–		–		–		–			–
Series A common stock		–		–		–		–			–
Voting Common stock		10,497		3,301		2,500		(5,801)	(b)		10,497
Non-Voting Common Stock		176		–		–		–			176
Additional paid-in capital		453,853		91,120		26,271		(117,601)	(b)		453,643
Accumulated other comprehensive income (loss)		(291,442)		(14,720)		(225,904)		246,443	(b)		(285,623)
Retained earnings		7,002,938		214,832		329,379		(544,001)	(b)		7,003,148
Cost of common shares in treasury, net		(525,653)		–		–		–			(525,653)
Cost of preferred shares in treasury, net		(151,997)		–		–		–			(151,997)
Total stockholders' equity		6,498,372		294,533		132,246		(420,960)			6,504,191
Total liabilities and stockholders' equity	$	15,211,493	$	459,897	$	2,891,574	$	(462,230)		$	18,100,734
(a) Balances as of December 31, 2022
(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			U-Haul Holding Company Consolidated
		(Unaudited)
		(In thousands)
Revenues:
Self-moving equipment rentals	$	1,070,688	$	–	$	–	$	(1,283)	(c)	$	1,069,405
Self-storage revenues		208,890		–		–		–			208,890
Self-moving and self-storage products and service sales		91,571		–		–		–			91,571
Property management fees		9,267		–		–		–			9,267
Life insurance premiums		–		–		22,498		–			22,498
Property and casualty insurance premiums		–		26,371		–		(800)	(c)		25,571
Net investment and interest income		28,520		5,481		31,621		(884)	(b)		64,738
Other revenue		156,642		–		1,403		(125)	(b)		157,920
Total revenues		1,565,578		31,852		55,522		(3,092)			1,649,860
Costs and expenses:
Operating expenses		820,617		12,113		4,731		(2,203)	(b,c)		835,258
Commission expenses		111,961		–		–		–			111,961
Cost of sales		66,620		–		–		–			66,620
Benefits and losses		–		4,229		38,324		–			42,553
Amortization of deferred policy acquisition costs		–		–		6,826		–			6,826
Lease expense		8,839		91		33		(513)	(b)		8,450
Depreciation, net of gains on disposals		154,122		–		–		–			154,122
Net losses on disposal of real estate		1,715		–		–		–			1,715
Total costs and expenses		1,163,874		16,433		49,914		(2,716)			1,227,505
Earnings from operations before equity in earnings of subsidiaries		401,704		15,419		5,608		(376)			422,355
Equity in earnings of subsidiaries		16,862		–		–		(16,862)	(d)		–
Earnings from operations		418,566		15,419		5,608		(17,238)			422,355
Other components of net periodic benefit costs		(364)		–		–		–			(364)
Interest expense		(64,199)		–		(120)		376	(b)		(63,943)
Pretax earnings		354,003		15,419		5,488		(16,862)			358,048
Income tax expense		(80,495)		(3,181)		(864)		–			(84,540)
Net earnings available to common stockholders	$	273,508	$	12,238	$	4,624	$	(16,862)		$	273,508
(a) Balances for the quarter ended June 30, 2023
(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			U-Haul Holding Company Consolidated
		(Unaudited)
		(In thousands)
Revenues:
Self-moving equipment rentals	$	1,163,376	$	–	$	–	$	(1,351)	(c)	$	1,162,025
Self-storage revenues		185,586		–		–		–			185,586
Self-moving and self-storage products and service sales		96,864		–		–		–			96,864
Property management fees		9,277		–		–		–			9,277
Life insurance premiums		–		–		25,456		–			25,456
Property and casualty insurance premiums		–		25,960		–		(242)	(c)		25,718
Net investment and interest income (loss)		15,077		(2,597)		19,041		(1,012)	(b)		30,509
Other revenue		166,678		–		1,199		(448)	(b)		167,429
Total revenues		1,636,858		23,363		45,696		(3,053)			1,702,864
Costs and expenses:
Operating expenses		796,498		11,576		5,558		(2,038)	(b,c)		811,594
Commission expenses		125,341		–		–		–			125,341
Cost of sales		72,625		–		–		–			72,625
Benefits and losses		–		6,075		33,437		–			39,512
Amortization of deferred policy acquisition costs		–		–		6,972		–			6,972
Lease expense		8,261		26		26		(629)	(b)		7,684
Depreciation, net of gains on disposals		117,318		–		–		–			117,318
Net losses on disposal of real estate		1,872		–		–		–			1,872
Total costs and expenses		1,121,915		17,677		45,993		(2,667)			1,182,918
Earnings from operations before equity in earnings of subsidiaries		514,943		5,686		(297)		(386)			519,946
Equity in earnings of subsidiaries		3,906		–		–		(3,906)	(d)		–
Earnings (losses) from operations		518,849		5,686		(297)		(4,292)			519,946
Other components of net periodic benefit costs		(304)		–		–		–			(304)
Interest expense		(57,459)		–		(120)		386	(b)		(57,193)
Fees on early extinguishment of debt		(959)		–		–		–			(959)
Pretax earnings (losses)		460,127		5,686		(417)		(3,906)			461,490
Income tax expense		(110,261)		(1,167)		(196)		–			(111,624)
Net earnings (losses) available to common stockholders	$	349,866	$	4,519	$	(613)	$	(3,906)		$	349,866
(a) Balances for the quarter ended June 30, 2022
(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			U-Haul Holding Company Consolidated
		(Unaudited)
		(In thousands)
Revenues:
Self-moving equipment rentals	$	2,070,767	$	–	$	–	$	(2,156)	(c)	$	2,068,611
Self-storage revenues		407,851		–		–		–			407,851
Self-moving and self-storage products and service sales		192,443		–		–		–			192,443
Property management fees		18,444		–		–		–			18,444
Life insurance premiums		–		–		45,629		–			45,629
Property and casualty insurance premiums		–		47,418		–		(1,525)	(c)		45,893
Net investment and interest income		55,815		12,273		63,132		(1,890)	(b)		129,330
Other revenue		279,771		–		2,442		(246)	(b)		281,967
Total revenues		3,025,091		59,691		111,203		(5,817)			3,190,168
Costs and expenses:
Operating expenses		1,568,900		23,420		10,097		(3,918)	(b,c)		1,598,499
Commission expenses		218,888		–		–		–			218,888
Cost of sales		137,295		–		–		–			137,295
Benefits and losses		–		8,687		79,210		–			87,897
Amortization of deferred policy acquisition costs		–		–		14,871		–			14,871
Lease expense		16,941		183		61		(1,152)	(b)		16,033
Depreciation, net of gains on disposals		291,936		–		–		–			291,936
Net losses on disposal of real estate		2,736		–		–		–			2,736
Total costs and expenses		2,236,696		32,290		104,239		(5,070)			2,368,155
Earnings from operations before equity in earnings of subsidiaries		788,395		27,401		6,964		(747)			822,013
Equity in earnings of subsidiaries		27,092		–		–		(27,092)	(d)		–
Earnings from operations		815,487		27,401		6,964		(27,839)			822,013
Other components of net periodic benefit costs		(729)		–		–		–			(729)
Interest expense		(125,048)		–		(240)		747	(b)		(124,541)
Pretax earnings		689,710		27,401		6,724		(27,092)			696,743
Income tax expense		(159,364)		(5,653)		(1,380)		–			(166,397)
Net earnings available to common stockholders	$	530,346	$	21,748	$	5,344	$	(27,092)		$	530,346
(a) Balances for the six months ended June 30, 2023
(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			U-Haul Holding Company Consolidated
		(Unaudited)
		(In thousands)
Revenues:
Self-moving equipment rentals	$	2,255,086	$	–	$	–	$	(2,286)	(c)	$	2,252,800
Self-storage revenues		358,763		–		–		–			358,763
Self-moving and self-storage products and service sales		206,215		–		–		–			206,215
Property management fees		18,416		–		–		–			18,416
Life insurance premiums		–		–		51,237		–			51,237
Property and casualty insurance premiums		–		46,790		–		(1,100)	(c)		45,690
Net investment and interest income (loss)		20,017		(345)		46,429		(2,019)	(b)		64,082
Other revenue		301,959		–		2,133		(591)	(b)		303,501
Total revenues		3,160,456		46,445		99,799		(5,996)			3,300,704
Costs and expenses:
Operating expenses		1,516,292		21,770		10,667		(3,968)	(b,c)		1,544,761
Commission expenses		243,834		–		–		–			243,834
Cost of sales		152,296		–		–		–			152,296
Benefits and losses		–		10,454		68,815		–			79,269
Amortization of deferred policy acquisition costs		–		–		14,644		–			14,644
Lease expense		16,181		184		54		(1,260)	(b)		15,159
Depreciation, net of gains on disposals		231,114		–		–		–			231,114
Net gains on disposal of real estate		4,179		–		–		–			4,179
Total costs and expenses		2,163,896		32,408		94,180		(5,228)			2,285,256
Earnings from operations before equity in earnings of subsidiaries		996,560		14,037		5,619		(768)			1,015,448
Equity in earnings of subsidiaries		15,915		–		–		(15,915)	(d)		–
Earnings from operations		1,012,475		14,037		5,619		(16,683)			1,015,448
Other components of net periodic benefit costs		(608)		–		–		–			(608)
Interest expense		(107,520)		–		(240)		768	(b)		(106,992)
Fees on early extinguishment of debt		(959)		–		–		–			(959)
Pretax earnings		903,388		14,037		5,379		(15,915)			906,889
Income tax expense		(215,177)		(2,922)		(579)		–			(218,678)
Net earnings available to common stockholders	$	688,211	$	11,115	$	4,800	$	(15,915)		$	688,211
(a) Balances for the six months ended June 30, 2022
(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		U-Haul Holding Company Consolidated
		(Unaudited)
Cash flows from operating activities:		(In thousands)
Net earnings	$	530,346	$	21,748	$	5,344	$	(27,092)	$	530,346
Earnings from consolidated entities		(27,092)		–		–		27,092		–
Adjustments to reconcile net earnings to the cash provided by operations:
Depreciation		394,400		–		–		–		394,400
Amortization of deferred policy acquisition costs		–		–		14,871		–		14,871
Amortization of premiums and accretion of discounts related to investments, net		–		794		7,647		–		8,441
Amortization of debt issuance costs		3,427		–		–		–		3,427
Interest credited to policyholders		–		–		36,329		–		36,329
Provision for allowance (recoveries) for losses on trade receivables, net		646		(68)		–		–		578
Provision for allowance for inventories and parts reserve		3,461		–		–		–		3,461
Net gains on disposal of personal property		(102,464)		–		–		–		(102,464)
Net losses on disposal of real estate		2,736		–		–		–		2,736
Net gains on sales of investments		–		(9)		(908)		–		(917)
Net gains on equity securities		–		(2,745)		–		–		(2,745)
Deferred income taxes		108,291		501		(1,041)		–		107,751
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		(23,200)		(1,865)		1,663		–		(23,402)
Inventories and parts		(13,520)		–		–		–		(13,520)
Prepaid expenses		(21,824)		–		–		–		(21,824)
Capitalization of deferred policy acquisition costs		–		–		(7,773)		–		(7,773)
Other assets and right of use assets - operating, net		(7,339)		134		(1,546)		–		(8,751)
Related party assets		6,279		1,124		–		–		7,403
Accounts payable and accrued expenses and operating lease liabilities		38,562		1,446		(16,760)		–		23,248
Policy benefits and losses, claims and loss expenses payable		(10,609)		(2,859)		(5,085)		–		(18,553)
Other policyholders' funds and liabilities		–		(576)		22		–		(554)
Deferred income		4,532		–		(417)		–		4,115
Related party liabilities		671		425		(268)		–		828
Net cash provided by operating activities		887,303		18,050		32,078		–		937,431
Cash flows from investing activities:
Escrow deposits		573		–		–		–		573
Purchases of:
Property, plant and equipment		(1,664,387)		–		–		–		(1,664,387)
Short term investments		–		–		(44,903)		–		(44,903)
Fixed maturities investments		(97,331)		(2,216)		(7,230)		–		(106,777)
Equity securities		–		(308)		(1)		–		(309)
Real estate investments		(16)		–		(521)		–		(537)
Mortgage loans		–		(7,300)		(90,402)		–		(97,702)
Proceeds from sales and paydowns of:
Property, plant and equipment		408,279		–		–		–		408,279
Short term investments		–		15,959		–		–		15,959
Fixed maturities investments		224,999		7,180		157,037		–		389,216
Equity securities		–		296		4		–		300
Preferred stock		–		913		–		–		913
Mortgage loans		–		422		12,627		–		13,049
Net cash used by investing activities		(1,127,883)		14,946		26,611		–		(1,086,326)
		(page 1 of 2)
(a) Balance for the period ended June 30, 2023

Consolidating cash flow statements by operating segment for the six months ended September 30, 2023 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Elimination		U-Haul Holding Company Consolidated
		(Unaudited)
Cash flows from financing activities:		(In thousands)
Borrowings from credit facilities		704,960		–		–		–		704,960
Principal repayments on credit facilities		(351,893)		–		–		–		(351,893)
Payments of debt issuance costs		(4,018)		–		–		–		(4,018)
Finance lease payments		(59,752)		–		–		–		(59,752)
Securitization deposits		151		–		–		–		151
Series N Non-Voting Common Stock dividends paid		(14,118)		–		–		–		(14,118)
Investment contract deposits		–		–		132,630		–		132,630
Investment contract withdrawals		–		–		(174,256)		–		(174,256)
Net cash provided by financing activities		275,330		–		(41,626)		–		233,704
Effects of exchange rate on cash		(202)		–		–		–		(202)
Increase (decrease) in cash and cash equivalents		34,548		32,996		17,063		–		84,607
Cash and cash equivalents at beginning of period		2,034,242		11,276		15,006		–		2,060,524
Cash and cash equivalents at end of period	$	2,068,790	$	44,272	$	32,069	$	–	$	2,145,131
		(page 2 of 2)
(a) Balance for the period ended June 30, 2023

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Elimination		U-Haul Holding Company Consolidated
		(Unaudited)
Cash flows from operating activities:		(In thousands)
Net earnings	$	688,211	$	11,115	$	4,800	$	(15,915)	$	688,211
Earnings from consolidated entities		(15,915)		–		–		15,915		–
Adjustments to reconcile net earnings to cash provided by operations:
Depreciation		359,804		–		–		–		359,804
Amortization of deferred policy acquisition costs		–		–		14,644		–		14,644
Amortization of premiums and accretion of discounts related to investments, net		–		857		9,392		–		10,249
Amortization of debt issuance costs		3,356		–		–		–		3,356
Interest credited to policyholders		–		–		24,690		–		24,690
Provision for allowance (recoveries) for losses on trade receivables, net		(5,404)		(90)		–		–		(5,494)
Provision for allowance for inventories and parts reserve		7,125		–		–		–		7,125
Net gains on disposal of personal property		(128,690)		–		–		–		(128,690)
Net losses on disposal of real estate		4,179		–		–		–		4,179
Net (gains) losses on sales of investments		–		(58)		7,265		–		7,207
Net gains on equity securities		–		7,963		–		–		7,963
Deferred income taxes		107,281		(1,119)		(2,334)		–		103,828
Net change in other operating assets and liabilities:
Reinsurance recoverables and trade receivables		30,678		(1,088)		2,752		–		32,342
Inventories and parts		(14,416)		–		–		–		(14,416)
Prepaid expenses		3		–		–		–		3
Capitalization of deferred policy acquisition costs		–		–		(14,900)		–		(14,900)
Other assets		2,877		(169)		(276)		–		2,432
Related party assets		(2,479)		839		–		–		(1,640)
Accounts payable and accrued expenses		65,366		1,396		(2,465)		–		64,297
Policy benefits and losses, claims and loss expenses payable		19,640		(3,381)		(4,799)		–		11,460
Other policyholders' funds and liabilities		–		112		1,202		–		1,314
Deferred income		7,809		–		1,649		–		9,458
Related party liabilities		460		(183)		465		–		742
Net cash provided by operating activities		1,129,885		16,194		42,085		–		1,188,164
Cash flows from investing activities:
Escrow deposits		9,688		–		–		–		9,688
Purchases of:
Property, plant and equipment		(1,335,528)		–		–		–		(1,335,528)
Short term investments		–		(35,975)		(198)		–		(36,173)
Fixed maturities investments		–		(18,573)		(183,692)		–		(202,265)
Equity securities		–		(2,705)		(1,651)		–		(4,356)
Real estate investments		–		(4,920)		(11)		–		(4,931)
Mortgage loans		–		(12,715)		(62,920)		–		(75,635)
Proceeds from sales and paydowns of:
Property, plant and equipment		329,611		–		–		–		329,611
Short term investments		–		33,373		–		–		33,373
Fixed maturities investments		–		10,587		95,940		–		106,527
Equity securities		–		711		6		–		717
Mortgage loans		–		14,419		59,746		–		74,165
Net cash used by investing activities		(996,229)		(15,798)		(92,780)		–		(1,104,807)
		(page 1 of 2)
(a) Balance for the period ended June 30, 2022

Consolidating cash flow statements by operating segment for the six months ended September 30, 2022 are as follows:

		Moving & Storage Consolidated		Property & Casualty Insurance (a)		Life Insurance (a)		Elimination		U-Haul Holding Company Consolidated
		(Unaudited)
Cash flows from financing activities:		(In thousands)
Borrowings from credit facilities		792,654		–		–		–		792,654
Principal repayments on credit facilities		(441,019)		–		–		–		(441,019)
Payment of debt issuance costs		(3,942)		–		–		–		(3,942)
Finance lease payments		(65,831)		–		–		–		(65,831)
Securitization deposits		49		–		–		–		49
Common stock dividends paid		(19,608)		–		–		–		(19,608)
Investment contract deposits		–		–		169,017		–		169,017
Investment contract withdrawals		–		–		(139,917)		–		(139,917)
Net cash provided by financing activities		262,303		–		29,100		–		291,403
Effects of exchange rate on cash		(13,782)		–		–		–		(13,782)
Increase (decrease) in cash and cash equivalents		382,177		396		(21,595)		–		360,978
Cash and cash equivalents at beginning of period		2,643,213		10,800		50,124		–		2,704,137
Cash and cash equivalents at end of period	$	3,025,390	$	11,196	$	28,529	$	–	$	3,065,115
		(page 2 of 2)
(a) Balance for the period ended June 30, 2022