Consolidating Financial Information by Industry Segment

9 Months Ended

Dec. 31, 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 third quarter ended December 31, 2024 were as follows:

	Moving & Storage Consolidated		Property & Casualty Insurance		Life Insurance		Eliminations			U-Haul Holding Company Consolidated
	(Unaudited)
	(In thousands)
Total revenues	$	1,296,556	$	38,141	$	56,762	$	(2,901	)	$	1,388,558
Total earnings (losses) from operations before equity in earnings of subsidiaries	$	127,277	$	19,463	$	4,244	$	(252	)	$	150,732

Revenues and earnings from operations before equity in earnings of subsidiaries by operating segment for the third quarter ended December 31, 2023 were as follows:

	Moving & Storage Consolidated		Property & Casualty Insurance		Life Insurance		Eliminations			U-Haul Holding Company Consolidated
	(Unaudited)
	(In thousands)
Total revenues	$	1,260,677	$	29,303	$	52,715	$	(3,181	)	$	1,339,514
Total earnings from operations before equity in earnings of subsidiaries	$	180,467	$	9,421	$	8,075	$	(375	)	$	197,588

Revenues and earnings from operations before equity in earnings of subsidiaries by operating segment for the nine months ended December 31, 2024 were as follows:

	Moving & Storage Consolidated		Property & Casualty Insurance		Life Insurance		Eliminations			U-Haul Holding Company Consolidated
	(Unaudited)
	(In thousands)
Total revenues	$	4,339,360	$	97,780	$	166,668	$	(8,652	)	$	4,595,156
Total earnings from operations before equity in earnings of subsidiaries	$	703,030	$	44,769	$	11,887	$	(756	)	$	758,930

Revenues and earnings from operations before equity in earnings of subsidiaries by operating segment for the nine months ended December 31, 2023 were as follows:

	Moving & Storage Consolidated		Property & Casualty Insurance		Life Insurance		Eliminations			U-Haul Holding Company Consolidated
	(Unaudited)
	(In thousands)
Total revenues	$	4,285,768	$	88,994	$	163,918	$	(8,998	)	$	4,529,682
Total earnings from operations before equity in earnings of subsidiaries	$	968,862	$	36,822	$	15,039	$	(1,122	)	$	1,019,601

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

	Moving & Storage Consolidated		Property & Casualty Insurance		Life Insurance		Eliminations			U-Haul Holding Company Consolidated
	(Unaudited)
	(In thousands)
Total assets	$	17,291,214	$	543,300	$	3,174,307	$	(678,656	)	$	20,330,165

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
	(Unaudited)
	(In thousands)
Total assets	$	16,149,748	$	501,566	$	2,990,903	$	(583,459	)	$	19,058,758