Consolidating Financial Information by Industry Segment

3 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Consolidating Financial Information by Industry Segment

12. Reportable Segment Information:

U-Haul Holding Company’s three reportable segments are

•Moving and Storage, comprised of U-Haul Holding Company, U-Haul, and Real Estate and the subsidiaries of U-Haul and Real Estate,

•Property and Casualty Insurance, comprised of Repwest and its subsidiaries and ARCOA, and

•Life Insurance, comprised of Oxford and its subsidiaries.

We track revenues separately, but do not report any separate measure of the profitability for rental vehicles, rentals of self-storage spaces and sales of products. The information includes elimination entries necessary to consolidate U-Haul Holding Company, the parent, with its subsidiaries. Depreciation, net of gains on disposals, and total expenditures for property and equipment are only recorded within the Moving and Storage segment.

Revenues and earnings from operations before equity in earnings of subsidiaries by operating segment for the quarter ended June 30, 2024 were as follows:

	Moving & Storage Consolidated		Property & Casualty Insurance		Life Insurance			Eliminations			U-Haul Holding Company Consolidated
	(Unaudited)
	(In thousands)
Total revenues	$	1,469,161	$	28,178	$	53,749		$	(2,598	)	$	1,548,490
Total earnings (losses) from operations before equity in earnings of subsidiaries	$	295,058	$	11,483	$	(47	)	$	(252	)	$	306,242

Revenues and earnings from operations before equity in earnings of subsidiaries by operating segment for the quarter ended June 30, 2023 were as follows:

	Moving & Storage Consolidated		Property & Casualty Insurance		Life Insurance		Eliminations			U-Haul Holding Company Consolidated
	(Unaudited)
	(In thousands)
Total revenues	$	1,459,513	$	27,839	$	55,681	$	(2,725	)	$	1,540,308
Total earnings from operations before equity in earnings of subsidiaries	$	386,691	$	11,982	$	1,356	$	(371	)	$	399,658

Total assets by operating segment as of June 30, 2024 were as follows:

	Moving & Storage Consolidated		Property & Casualty Insurance		Life Insurance		Eliminations			U-Haul Holding Company Consolidated
	(Unaudited)
	(In thousands)
Total assets	$	16,447,193	$	502,814	$	2,957,781	$	(602,361	)	$	19,305,427

Total assets by operating segment as of March 31, 2024 were as follows:

	Moving & Storage Consolidated		Property & Casualty Insurance		Life Insurance		Eliminations			U-Haul Holding Company Consolidated
	(In thousands)
Total assets	$	16,149,748	$	501,566	$	2,990,903	$	(583,459	)	$	19,058,758